Unlocked Inc
Nonprofit profile at a glance
- EIN
- 834249726
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Charlotte, NC, USA
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services for Adolescent Parents
Reported finances
- Revenue
- $119,396
- Expenses
- $113,604
- Assets
- $261,534
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Haley Jonas (President)
People named in this filing
- Haley Jonas (President)
- Chris Jonas (Treasurer)
- Carolyn Mathews (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
Our purpose is to improve the quality of life and maximize the potential of children with disabilities in and around Charlotte, NC. Our mission is to ease the financial burden of families raising children with disabilities by funding adaptive or medical equipment necessary to increase their mobility, gain independence, and promote physical, social, and emotional development.
What it reported doing in 2024
Grants of adaptive or necessary medical equipment
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.7%; rating input score 86
- Program expense ratio: 90.1%; rating input score 90
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: 4.9%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 2.3; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 91.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -9.6% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 34.5% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 85.7% of revenue deployed · 90.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $102K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.