Yavapai College Foundation Inc

Nonprofit profile at a glance

EIN
237232985
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Prescott, AZ, USA
Phone
9287177619
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$3,712,350
Expenses
$3,910,723
Assets
$32,130,993
Liabilities
$2,894,475

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

Leadership & pay

20 people listed

Executive titles in this filing

  • DR LISA RHINE (YAVAPAI COLLEGE PRESIDENT)
  • DR CLINT EWELL (YAVAPAI COLLEGE VICE PRESIDENT)
  • MARY TALOSI (EXECUTIVE DIRECTOR (THRU SEPT 2024))

Highest reported compensation

  • JEANNE WELCH (DIR OF FINANCE AND OP (THRU JAN 2025)): $95,883 total reported compensation
  • MARY TALOSI (EXECUTIVE DIRECTOR (THRU SEPT 2024)): $91,638 total reported compensation
  • NICOLE KENNEDY (CHIEF DEVELOPMENT OFFICER): $45,463 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation supports yavapai college (the college) in fulfilling its mission to provide high quality, cost effective education. The foundation supports student scholarships, faculty development and programs that enrich both campus and community life.

What it reported doing in 2024

The major activities of the foundation include providing financial resources for student scholarships, faculty development and programs that enrich both campus and community life and providing administrative and financial services to the jim & linda lee performing arts center.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 94
  • Accountability: 91
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.2%; rating input score 96
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: $12.65 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.3%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 8.22; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 8.3% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 96.2% of revenue deployed · 86% of spending went to programs
  • Governance: 16 of 16 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $96K · 20 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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: Fundraising efficiency scored 45/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.