Odyssey of the Mind Association of North Carolina
Nonprofit profile at a glance
- EIN
- 562224964
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Durham, NC, USA
- Phone
- 9194754016
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $76,176
- Expenses
- $66,537
- Assets
- $131,989
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
People named in this filing
- Marj Moe (Director)
- Richard Burton (Vice Assoc Dir)
- Tom Bojanski (Treasurer)
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
Provide creativity development programs to students
What it reported doing in 2024
Provide scholarships to an accredited University for Odyssey of the Mind Team members through a competitive application process.The Odyssey of the Mind Association of North Carolina offers one time college scholarships of $1,000 each annually. Applications are made available to interested high school seniors or college students who have been active in the Odyssey of the Mind programs. A team of members of the Association's Board of Directors review the applications, and based upon merit (scholarship, outside activities, etc.) deserving recipients are selected.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 56
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.6%; rating input score 88
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 12.7%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 1.98; rating input score 65; 65th 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: -5.2% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 87.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $67K in reported program spending
- Leadership: top reported pay $0 · 24 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.