Victoria Mclaughlin Foundation

Nonprofit profile at a glance

EIN
261429387
IRS 990-EZ coverage
2010–2017
Forms available
Form 990-EZ 2017, Form 990-N 2008
Location
Melrose, MA, USA
Phone
7816652775
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$28,877
Expenses
$17,846
Assets
$49,492
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • John E McLaughlin Jr (President)

People named in this filing

  • John E McLaughlin Jr (President)
  • Doreen Cincotta (Treasurer)
  • Robert J Dolan (Clerk)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Victoria McLaughlin Foundation was organized in January 2008, for the sole purpose of providing financial support to the Melrose Public School System, Melrose, Massachusetts, 02176. Specifically, the Foundation was created to provide financial support for the Melrose Veterans Memorial Middle School Library, the Melrose High School Library, and any other after school learning opportunities within the Music, Fine Arts, Drama, and Academic Programs offered by the Melrose Public School System.

What it reported doing in 2017

The foundation continues to provide financial support for the Melrose Middle and High School Libraries by providing on line subscriptions books and materials. In addition the foundation supports after school art and music programs including the annual Celebrate the Arts events.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: 82
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.2%; rating input score 15
  • Program expense ratio: 24.5%; rating input score 25

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 38.2%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 2.77; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -19.3% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 12% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 15.2% of revenue deployed · 24.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 8 filing years from 2010 to 2017
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 15/100.
  • High — Financial Efficiency: Program expense ratio scored 25/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.