Thomas a Costello Legacy Foundation
Nonprofit profile at a glance
- EIN
- 872721749
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990 2022, Form 990-EZ 2025, Form 990-N 2021
- Location
- Chaska, MN, USA
- Phone
- 6123609454
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $86,946
- Expenses
- $39,815
- Assets
- $309,952
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Elizabeth Costello (Co-President)
- Ashley Costello (President)
People named in this filing
- Elizabeth Costello (Co-President)
- Ashley Costello (President)
- Patrick Costello (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Scholarships to Chaska High School Students and UW Madison Students, as well as making donations to 501c3 Non-Profits such as Make a Wish and Life Source
What it reported doing in 2025
Scholarships to UW Madison & Chaska High School Students
Operating model
- Revenue model
- Other-operating. 74% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.8%; rating input score 44
- Program expense ratio: 92.4%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 54.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 7.78; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15.9% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -33.3% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 18.2% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 43.8% of revenue deployed · 92.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $37K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.