The Moody Endowment

Nonprofit profile at a glance

EIN
760152743
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Houston, TX, USA
Phone
4097626661
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Reported finances

Revenue
$69,531,602
Expenses
$15,374,962
Assets
$760,620,322
Liabilities
$4,722,605

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Mr Stefan Stamoulis (Dir.- President)

Highest reported compensation

  • Mr Jeff Eppinette (Treasurer): $371,181 total reported compensation
  • Ms Bridgette Newman (Board Secretary): $67,549 total reported compensation
  • Mr Stefan Stamoulis (Dir.- President): $36,442 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Moody Endowment provides an endowment and makes grants to support and benefit the Transitional Learning Center at Galveston and the class of public charities organized for purposes the same as or closely related to those of the Transitional Learning Center at Galveston. Such purposes are to conduct rehabilitation programs (including transitional living programs and independent living programs), to provide social services and conduct sociological studies, to perform research to promote the recovery of individuals who have suffered head injuries and the return of such individuals to active lives, to provide treatment to persons suffering from neurological disorders and to conduct research related thereto, to conduct informational programs, and to carry on other charitable, scientific, literary or educational activities.

What it reported doing in 2024

The Moody Endowment provides an endowment and makes grants to support and benefit the operating and infrastructure needs of The Transitional Learning Center at Galveston and the class of public charities having similar charitable purposes to such organization. Such purposes include conducting rehabilitation programs, providing transitional and independent living programs, providing social services and conducting sociological studies, performing research to promote the recovery and return to active lives of individuals who have suffered head injuries, providing treatment to persons suffering from neurological disorders and conducting research related thereto, conducting informational programs, grants for medical activities and carrying on other charitable, scientific, literary, or educational activities.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 73
  • Accountability: 56
  • Sustainability: 97
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.5%; rating input score 18
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 77.9%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 49.47; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: 12% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 18.5% of revenue deployed · 83.6% of spending went to programs
  • Governance: 3 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.9M in reported program spending
  • Leadership: top reported pay $371K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $2.4M reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 22 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 18/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.