The Greater Venice Preschool Scholarship Trust
Nonprofit profile at a glance
- EIN
- 206782881
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Venice, CA, USA
- Phone
- 3103993120
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $39,396
- Expenses
- $26,226
- Assets
- $34,811
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- MARGARET GRUNDSTEIN (DIRECTOR)
- CARLA WILLIAMS (TRUSTEE)
- RAMINDER SANDHU (TRUSTEE)
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
This trust is established exclusively for charitable, scientific and educational purposes. The income of the trust, including all charitable contributions from the general public and fundraising revenues shall be used to provide financial assistance to students enrolled at first years preschool, a preschool, whose families would be otherwise unable to provide for attendance at the school.
What it reported doing in 2024
Preschool scholarship program - amount awarded for preschool children's tuition for under privileged children who qualify.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.5%; rating input score 67
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 33.4%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 54; 54th 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: 1.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 66.5% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $26K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.