The 901 Foundation

Nonprofit profile at a glance

EIN
920942315
IRS 990-PF coverage
2022–2024
Forms available
Form 990-PF 2024
Location
Corpus Christi, TX, USA
Phone
4159905338
Rating
98
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$20,079
Expenses
$3,531

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

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2024

The foundation reported 2 grants totaling $3,371. The stated grant purpose was established in 1983, the del mar college foundation is people helping people. the foundation provides scholarships, supports educational programs and works with other organizations to help remove barriers for students. we identify and develop resources that help solve problems in our community. more about our people here.ninety percent (90%) of del mar college students come from the local area and remain in the community. as students join the local workforce, the credentials they earn at del mar college increase their earning potential, empowering them to become productive, contributing citizens. their lives and the lives of their families are forever changed by the newfound prospect of financial stability. the foundation's goal is to provide the resources needed for all students to have the ability to achieve their educational goals.

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 95
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 88

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 26th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 95.5%; rating input score 95; 78th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 18.97; rating input score 88; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 88th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.