The Marcus Lattimore Foundation
Nonprofit profile at a glance
- EIN
- 463390394
- IRS 990-EZ coverage
- 2013–2018
- Forms available
- Form 990-EZ 2018
- Location
- Duncan, SC, USA
- Phone
- 8649092339
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
- Affiliation
- Christianity
Reported finances
- Revenue
- $7,695
- Expenses
- $12,632
- Assets
- $12,657
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- VERNON SMITH (PRESIDENT)
- YOLANDA SMITH (VICE PRESIDENT & TREASURER)
People named in this filing
- VERNON SMITH (PRESIDENT)
- YOLANDA SMITH (VICE PRESIDENT & TREASURER)
- MARCUS LATTIMORE (BOARD MEMBER)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The marcus lattimore foundation is committed to youth development programs and initiatives which emphasize christian values, character, life-skills development, education, recreation, and health and wellness. The foundation will build community partnerships with other non-profit organizations and schools to encourage and aid our youth toward exemplifying upstanding citizen role models and dynamic leaders of tomorrow through teaching christian virtues of chastity, temperance, charity, diligence, patience, kindness, and humility. This foundation exists to help youth leagues, parents, and high school and college student athletes. The foundation's motto is "planting seeds, watering futures, harvesting dreams." the dreams acronym stands for driven righteously to empower athletes' minds spiritually. Dreams reflects the foundation's dedication to helping student athletes succeed spiritually, athletically, and educationally.
What it reported doing in 2018
The marcus lattimore foundation/dreams is committed to preparing youth for their futures through high-quality education. The foundation endeavors to create more informational opportunities for students giving them greater abilities to make more informed decisions about their degree programs. In addition, the student-athletes will learn valuable lessons about finances, etiquette, and how to conduct themselves in job interviews.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 94% 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 82
- Sustainability: 34
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.6%; rating input score 52
- Program expense ratio: 31.3%; rating input score 31
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -64.2%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.1% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -21.6% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -11.2% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 51.6% of revenue deployed · 31.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $4K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2013 to 2018
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Moderate — Financial Efficiency: Program expense ratio scored 31/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.