Yates Memorial Scholarship Trust
Nonprofit profile at a glance
- EIN
- 273941315
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Artesia, NM, USA
- Phone
- 5056902853
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $17,000
- Expenses
- $39,343
- Assets
- $42,196
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- FRANK YATES JR (PRESIDENT &)
People named in this filing
- FRANK YATES JR (PRESIDENT &)
- TAO CHUMBLEY (VP, SECRETAR)
- MARY F YATES (DIRECTOR)
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
Exclusively for educational, and charitable purposes, including but not limited to the providing of financial assistance by the awarding of grants, scholarships or otherwise to students for pursuit of post secondary education at a two or four year institution of higher learning and promotion of activities relating to the arts, humanities, education, science and technology, and the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1986, or corresponding section of any future federal tax code.
What it reported doing in 2024
Providing of financial assistance by the awarding of grants, scholarships or otherwise to students for the pursuit of post secondary education at a two or four year institution of higher learning.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.5%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -131.4%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 48; 48th 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: 41.3% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 25.4% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: -11.2% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.