Rts Foundation Inc

Nonprofit profile at a glance

EIN
640918136
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Jackson, MS, USA
Phone
6019231600
Rating
50
Verdict
MIXED
Rating confidence
Standard
Sector
Single Organization Support
Affiliation
Christianity

Reported finances

Revenue
$37,666
Expenses
$10,797
Assets
$388,578
Liabilities
$0

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

Leadership & pay

23 people listed

Executive titles in this filing

  • J LIGON DUNCAN III (VICE PRESIDENT)
  • RICKY RAYBORN (PRESIDENT)

Highest reported compensation

  • J LIGON DUNCAN III (VICE PRESIDENT): $377,601 total reported compensation
  • RICKY RAYBORN (PRESIDENT): $149,465 total reported compensation
  • JESSICA SHORT (TREASURER): $148,859 total reported compensation

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

Overview

Mission

The mission of the rts foundation is to serve those who share with reformed theological seminary the vision of providing evangelical biblical and theological education in the reformed tradition for the purpose of preparing pastors, (continued on schedule o) missionaries, counselors and other church leaders for service to the church throughout the world by assisting donors in maximizing their giving to support reformed theological seminary while at the same time providing maximum benefit to themselves and their families. The most advanced tools of estate and gift planning are employed utilizing methods of increasing giving, maximizing tax savings and often to increase lifetime income. The ultimate mission of the rts foundation is to serve christ through the ministry of reformed theological seminary by serving its friendsand supporters.

What it reported doing in 2024

The foundation provided grants to reformed theological seminary and other eligible 501(c)(3) exempt organizations approved by the foundation's board of trustees.

Operating model

Revenue model
Investment-supported. 71% of the money available for current operations came from recurring investment income.
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 most voting board members are independent. 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: 16
  • Transparency & Controls: 66
  • Accountability: 86
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.2%; rating input score 10
  • Program expense ratio: 27.8%; rating input score 28
  • Fundraising efficiency: $0.38 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 71.3%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 35.99; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 1,301.9%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 11.1% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: -6.6% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 10.2% of revenue deployed · 27.8% of spending went to programs
  • Governance: 20 of 20 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $378K · 23 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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 10/100.
  • High — Financial Efficiency: Program expense ratio scored 28/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 1/100.