Sherri Gilkerson Memorial Foundation
Nonprofit profile at a glance
- EIN
- 921436515
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2022
- Location
- Scottsdale, AZ, USA
- Phone
- 4802501965
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $163,199
- Expenses
- $68,508
- Assets
- $253,270
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CYNTHIA MACDONALD SINGER (VICE PRESIDENT & VICE TREA)
- DEBORAH HOTALING (PRESIDENT & TREASURER)
People named in this filing
- MARGARET GREEN (BOARD MEMBER)
- MICHAEL DOUD (BOARD MEMBER)
- LESLIE WRIGHT (BOARD MEMBER)
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
The organization seeks to enrich youth through the opportunities of education and sport, specifically horsemanship and competitions.
What it reported doing in 2024
Establish and operate a yearly scholarship award for students pursuing studies at an accredited post-secondary educational institution. The scholarship is to further the education of these students who have also demonstrated an interest in reined cow horse horsemanship activities, and they, or their immediate family, are members of the national reined cow horse association. In 2024, scholarships were granted to 9 students for a total of $27,000.we also provide information and education through distribution of materials and meetings with participants on the character-building value of training horses and horse competitions. Informing and instructing the public on the value of horsemanship as a life and community building activity. And we support and provide funding for various amateur and association competitions. In 2024, we provided a sponsorship for the reno snaffle bit futurity (an irc 501(c)(3)) that is used to supply higher education scholarships awarded by the reno snaffle bit futurity horse show winners.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 92
- Sustainability: 88
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.1%; rating input score 40
- Program expense ratio: 92.5%; rating input score 92
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 58%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 3.7; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -24.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 46% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 40.1% of revenue deployed · 92.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- High — Growth: Revenue growth scored 0/100.