The Etowah FoundationInc
Nonprofit profile at a glance
- EIN
- 581512861
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Cartersville, GA, USA
- Phone
- 7703821757
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $828,312
- Expenses
- $972,329
- Assets
- $3,057,682
- Liabilities
- $38,211
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Dorothy L Welch (Executive Director)
People named in this filing
- Catrice Hufstetler (Past-Chair)
- Mecole Ledbetter (Chair Elect)
- Frank Bennett (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the etowah scholarship foundation is to expand post-secondary educational opportunities for students through community funded and foundation scholarships that result in a celebration of educational successes and in a positve impact on the quality of life for citizens of our community
What it reported doing in 2024
The etowah scholarship foundation serves as a distribution channel for college scholarships for the bartow co community, in 2024 we distruited $236,800 to 197 area students. For over 40 years we have served the community through inspiring young people to pursue a post secondary education. Each year we recognize high achievers in our local high schools by presenting them with an honor cord during their honors night to be worn at graduation. We sponsor the reality store every february for high school freshmen in bartow county. We present at local high schools student parent information nights to engage students and parents in what the foundation offers. We also visit each of the local high schools to help them apply for our scholarship.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
- 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. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 61
- Accountability: 88
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.5%; rating input score 77
- Fundraising efficiency: $6.71 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 0%; rating input score 0; 13th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -17.4%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 3.14; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 9.7% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.5% of spending went to programs
- Governance: 16 of 16 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $753K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 30 of 32 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- High — Sustainability: Operating margin scored 11/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.