The Frosty Drew Memorial Fund Inc
Nonprofit profile at a glance
- EIN
- 050395533
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Charlestown, RI, USA
- Phone
- 4013649508
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $28,490
- Expenses
- $55,550
- Assets
- $168,451
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JOHN C DREW (Vice President)
- SCOTT D MACNEILL (President)
People named in this filing
- JOHN C DREW (Vice President)
- JESSICA MACNEILL (Secretary)
- SCOTT D MACNEILL (President)
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
Provide a public facility to enlighten, discover, inspire - through education and research - knowledge about science, the night sky, and the universe.
What it reported doing in 2024
Providing free public access to observatory facility every friday night and frequently for special events. The frosty drew observatory and science center also frequently hosts live stream events.
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
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -95%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 3.03; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 13.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $56K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: Operating margin scored 8/100.
- High — Sustainability: Officer compensation ratio scored 9/100.