Spellbound Community Giving Corp

Nonprofit profile at a glance

EIN
844362132
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Mount Holly, NJ, USA
Phone
6097440665
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$80,704
Expenses
$51,565
Assets
$91,884
Liabilities
$0

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

Leadership & pay

11 people listed

Executive titles in this filing

  • John Companick (President)
  • Michael Smith (Vice President)
  • Jorge Carmona (Executive Director)

People named in this filing

  • John Companick (President)
  • Michael Smith (Vice President)
  • Sean Kennedy (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

To be a philanthropic charitable organization that educates the public, and advances the social welfare, public good, and humanity by raising funds to support and donate to other organizations that: reduce disease, hunger, and poverty; provide relief from natural disasters, storms, and other calamities; educate, promote or advance culture; beautify or improve the community; aid veterans, military, police and first responders; support the youth, youth athletics, youth recreation and other youth programs; reduce prejudice and discrimination; help the disadvantaged, disabled and elderly; and other such organizations working for a better tomorrow or to assist others in need.

What it reported doing in 2024

The Corporation successfully conducted its Annual Spellbound Century Bike Race which raised funds so that the Corporation could donate funds to organizations per its Mission Statement

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 2
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1.9%; rating input score 2
  • Program expense ratio: 3%; rating input score 3

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 36.1%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -10.3% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -3.8% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: 25.6% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 1.9% of revenue deployed · 3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 2/100.
  • High — Financial Efficiency: Program expense ratio scored 3/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.