Nick Erdy Foundation Inc

Nonprofit profile at a glance

EIN
510619676
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Lynchburg, OH, USA
Phone
5137322253
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Public Foundations
Affiliation
Christianity

Reported finances

Revenue
$40,067
Expenses
$43,842
Assets
$168,202

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • S JANE ERDY (PRESIDENT)

People named in this filing

  • S JANE ERDY (PRESIDENT)
  • JODIE LEE (SECRETARY)
  • BARB BOOTS (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This organization exists to raise money through donations and fund raisers to be used for scholarships to students based on the following criteria: 1. Financial need 2. Christian attitude 3. Participating athlete 4. Demonstrated leadership 5. Has a family member who is serving or has served in the military nick erdy foundation, inc. 51-0619676 6. Evaluation of an essay on what serving your country or being a hero means to the applicant. The organization will also make distributions to organizations that are set up to help returning injured marines and their families or to schools for large projects or for fixed assets the communities can all share in using.

What it reported doing in 2024

Supporting organizations that provide services to the fallen soldiers' families, as well as support to veterans returning home.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 29
  • Transparency & Controls: 82
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30%; rating input score 30
  • Program expense ratio: 27.4%; rating input score 27

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.4%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 3.84; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -6.7% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 30% of revenue deployed · 27.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $12K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • High — Financial Efficiency: Program expense ratio scored 27/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.