Sean Locke 24 Foundation

Nonprofit profile at a glance

EIN
833231148
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Newark, DE, USA
Phone
3023674359
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development N.E.C.

Official website

Reported finances

Revenue
$1,173,184
Expenses
$654,907
Assets
$1,893,581
Liabilities
$0

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

Leadership & pay

23 people listed

Executive titles in this filing

  • ZACHARY RYAN (EXECUTIVE DIRECTOR)
  • CHRISTOPHER LOCKE (PRESIDENT)

Highest reported compensation

  • ZACHARY RYAN (EXECUTIVE DIRECTOR): $97,625 total reported compensation

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

Overview

Mission

To educate the public about depression, anxiety and suicide prevention due to depression. To assist and support those with depression.

What it reported doing in 2024

Sean's house - we continue to operate sean's house, created in 2020, as a safe haven for young adults aged 14-24 to openly discuss and seek assistance for their mental health issues. In 2024, over 10,000 people came into sean's house, and we saved 42 people from suicide crisis.we also in 2023 opened sean's room at a local high school which had people come into the space. In 2024 over 5,000 came to sean's room and with 72 peer-to-peer sessions and saved six from suicide. We assisted the usaf open a sean's room at fort mcguire in New Jersey.peer support - we offer a peer-to-peer support program, survivor program, and wellbeing program. Our services are all free of charge and we are open 24/7. In 2024, over 650 peer-to-peer support sessions were held using the resources offered at sean's house. We assist young adults by paying for mental health services in excess of $28,000 for 2024.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% 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

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 94
  • Accountability: 69
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.1%; rating input score 50
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 44.2%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 2.89; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 14.9%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 39.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 31.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 36% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 50.1% of revenue deployed · 87% of spending went to programs
  • Governance: 20 of 22 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $570K in reported program spending
  • Leadership: top reported pay $98K · 23 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 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.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 23/100.