Soaring Owls Foundation Inc
Nonprofit profile at a glance
- EIN
- 453811297
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Atlanta, GA, USA
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $108,239
- Expenses
- $193,687
- Assets
- $277,405
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- Casey Brothers (Chairman)
- Daniel Ogle (Secretary)
- Blake Fortune (Treasurer)
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
Soaring Owls Foundation Inc. is a volunteer fundraising organization with a 501c3 status that is dedicated to helping Bolton Academy Elementary School achieve its highest potential.
What it reported doing in 2024
The foundation raised funds to support landscape & beautification expenses not covered by the district such as maintaining on a weekly basis and pest control on a biweekly basis
Operating model
- Revenue model
- Other-operating. 78% of the money available for current operations came from other operating revenue.
- 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.2%; rating input score 73
- Program expense ratio: 38.5%; rating input score 39
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -78.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 1.43; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 10% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: -5.1% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 73.2% of revenue deployed · 38.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $75K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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: Program expense ratio scored 39/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.