The Matthew T Best Memorial Scholarship

Nonprofit profile at a glance

EIN
161699404
IRS 990-EZ coverage
2010–2010
Forms available
Form 990-EZ 2010
Location
Wilmington, DE, USA
Phone
3026588700
Rating confidence
Limited
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$126
Assets
$37,991

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

3 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the Foundation is to provide scholarships for students graduating from Hodgson Vocational and Technical High School in New Castle County, Delaware, for post secondary education or vocational training. The Foundation was formed to grant scholarships in memory of Matthew T. Best. Matthew, while a senior at Hodgson, was killed in a motor vehicle accident on November 13, 2003. The Foundation was formed by Matthew's family.

What it reported doing in 2010

Paid tuition in 2010 for a student who had previously been granted a scholarship per the exempt organization's purpose statement, and had continued her post-secondary education in 2010 (Tyeisha Lyles).

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
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: NotEnoughData
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $705 in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 4 of 4 current checks pass
  • Schedules: 2 filed schedules
  • 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.