Project Back to School

Nonprofit profile at a glance

EIN
462897760
IRS 990-EZ coverage
2019–2023
Forms available
Form 990-EZ 2023
Location
Wichita Falls, TX, USA
Phone
9403223103
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$5,317
Expenses
$3,484
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Cheryl Ritchie (President)
  • Vanda Cullar (Vice President)

People named in this filing

  • Cheryl Ritchie (President)
  • Joseph D Bauer (Treasurer & VP)
  • Vanda Cullar (Vice President)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the educational success of the economically disadvantaged children in the Wichita Falls community by providing items needed for school, building their self-esteem, and improving their well-being.

What it reported doing in 2023

The Board voluntarily decided to wind up Project Back to School #46-2897760 in September 2023.Effective October 1, 2023, the annual school supply distribution known as Project Back to School became a program operated by the Wichita Falls ISD Foundation, Inc. #75-2144529, a 501(c)(3) corporation, P.O. Box 9850, Wichita Falls, TX 76308.As part of the winding up process, $125,000 was transferred to the Wichita Falls ISD Foundation, Inc.The remaining $299,811.46 was transferred to the Wichita Falls Area Community Foundation - Project Back to School Legacy Fund. The purpose of the fund is to support the operations of Project Back to School serving low-income students of the Wichita Falls ISD and City View ISD.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 34.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd 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: Limited
  • Revenue growth: -18.1% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -22.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.