Snow Approach Foundation Inc

Nonprofit profile at a glance

EIN
882816398
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Hillsborough, NC, USA
Phone
9847667669
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$304,863
Expenses
$257,524
Assets
$411,756
Liabilities
$189,041

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

Leadership & pay

12 people listed

Highest reported compensation

  • Teepa Snow (Board Chair): $143,101 total reported compensation
  • Amanda Bulgarelli (Board Vice Chair Treasurer): $97,953 total reported compensation
  • Dan Bulgarelli (Board Member): $82,040 total reported compensation

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

Overview

Mission

We exist to inspire hope, save lives, and improve quality of life for people living with brain changes caused by dementia or another brain condition and the community as a whole.

What it reported doing in 2024

Engagement - We have conducted over 100 complimentary Brain Connection Cafes over the past year, serving between 15 and 90 people per session average of 20 on Mondays and 45 on Fridays, depending on the week and session. We have conducted over 35 additional complimentary special programs within the Hillsborough County regional area to heighten community awareness of brain change and opportunities for families and people living with dementia to engage in community life and activities. Community members have used the space to offer Art classes, music sessions, death cafes, church programs, teen events, line dancing, improve classes, and more. Neuronation offered free PT classes over 12 Fridays following the Brain Cafe. Teepa offered 50 Care Partner Education Sessions on Fridays 11-12p. We have served on multiple boards and committees to engage with the community of change. See Schedule O for more specifics.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 92
  • Accountability: 55
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.7%; rating input score 74
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $118.39 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 15.5%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 64.1% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 61% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 65% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 73.7% of revenue deployed · 87.2% of spending went to programs
  • Governance: 8 of 12 board members independent · 3 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $225K in reported program spending
  • Leadership: top reported pay $143K · 12 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.