Scott R Mackenzie Foundation Inc

Nonprofit profile at a glance

EIN
463383293
IRS 990-PF coverage
2014–2024
Forms available
Form 990-PF 2024
Location
Jacksonville, FL, USA
Phone
8558166858
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Private Independent Foundations

Reported finances

Revenue
$998,631
Expenses
$1,371,889

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

Overview

Mission

Private Independent Foundations

What it reported funding in 2024

The foundation reported 5 grants totaling $960,916. The stated grant purposes included year 2 funding - this project seeks to focus on quantifying selective pressures applied by nucleotide depletion and genomic stress in order to dissect the evolutionary dynamics of cancer cells across multiple tumor types, including leukemia, lymphoma, myeloma, colorectal cancer, melanoma, and retinoblastoma., this project seeks to continue the project awarded in 2022 to establish a novel treatment strategy for diabetic kidney disease. previous support from the mackenzie foundation is allowing mdi bio lab to understand the structure and functional parts of the hpa2 molecule and establish a baseline from which to fully understand its function. based on this ongoing work, mdi bio lab now seeks to investigate the effect of diabetes in a model organism of aging (african turquoise killifish). simultaneously, mdi bio lab also proposes to use this model to study the loss of peritubular capillaries observed during kidney aging., and year 2 funding - this project seeks to define treatment regimens of blood thinning medications associated with reduced risk of recurrent heart attacks, which may include the use of the more potent blood thinner ticagrelor also in patients with stable coronary artery disease., plus 2 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 81
  • Cost Efficiency: 70
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 26

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 80.9%; rating input score 81; 17th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 70%; rating input score 70; 24th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 13.23; rating input score 26; 26th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 80.9% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 26th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 — Endowment Health: Endowment-health comparison scored 26/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.