Steven B Daniels Jr Memorial Scholarship Foundation
Nonprofit profile at a glance
- EIN
- 474912992
- IRS 990-EZ coverage
- 2017–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2016
- Location
- Danville, VA, USA
- Phone
- 4347700379
- Rating confidence
- Limited
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $0
- Expenses
- $107,520
- Assets
- $2,249
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DANIEL WAGSTAFF (PRESIDENT)
- MICHAEL ADKINS (VICE PRESIDENT)
People named in this filing
- DANIEL WAGSTAFF (PRESIDENT)
- MICHAEL ADKINS (VICE PRESIDENT)
- JENNIFER JOHNSON (CORPORATE SECRETARY)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide funds for student scholarships
What it reported doing in 2020
Annual golf benefit for the charity organization; expenses associated with the golf benefit - from signs to actual golf expenses; all expenses are related to the golf benefit tournament, excluding small administrative fees
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 71.9%; rating input score 72
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0.02; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 69.8%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 21.6% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: -47.7% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -26.5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 71.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $77K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2017 to 2020
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.