The Quail Hollow Employee Betterment Fund

Nonprofit profile at a glance

EIN
845160355
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Charlotte, NC, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$170,676
Expenses
$65,290
Assets
$309,552
Liabilities
$500

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Mrs Kim Belk (Vice President)

People named in this filing

  • Mr Ralph Breeden (Pres./Treas.)
  • Mrs Kim Belk (Vice President)
  • Mr Jason Schmidly (Secretary)

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

Support, promote and encourage the educational pursuits and goals and to support the Quail Hollow Club staff and immediate family members if a financial need arises.

What it reported doing in 2024

Scholarships Application - is to assist Quail Hollow Club employees and their dependents in reaching their highest potential through educational advancement opportunities. (Dependents are defined as children, stepchildren, and spouse of the employee.) The scholarship is awarded for one year. Students may reapply subject to Committee approval and availability of funds. The scholarship award may be used for tuition, fees, and books at any primary, accredited college, university, or trade school. Short-term academic programs and certifications will also be considered. All scholarships are awarded on an objective and non-discriminatory basis. Scholarship payments will be made directly to the school you or your dependent will be attending.

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
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 total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 100
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38%; rating input score 38
  • Program expense ratio: 99.2%; rating input score 99

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: 61.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 4.74; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 18.9% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 9.6% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 23.4% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 38% of revenue deployed · 99.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $65K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.