Ye Mystic Krewe of Gasparilla Community Fund Corporation
Nonprofit profile at a glance
- EIN
- 464847480
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Tampa, FL, USA
- Phone
- 8132514500
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $134,820
- Expenses
- $149,192
- Assets
- $325,643
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- PRESTON L FARRIOR (PRESIDENT)
People named in this filing
- PRESTON L FARRIOR (PRESIDENT)
- ANDREW REY JR (TREASURER)
- JOSEPH M WASH (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To receive and administer funds for the purpose of awarding scholarships for charitable and educational purposes.
What it reported doing in 2025
The ymkg community fund awards scholarships to students graduating from public, private, and parochial high schools in hillsborough county. Each year, tampa bay area high school principals nominate one student for every 100 in its graduating class. Nominees complete a comprehensive application, which is reviewed by a selection panel. The finalists then complete face-to-face interviews before scholarship recipients are selected.
Operating model
- Revenue model
- Donor-supported. 85% 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.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.7%; rating input score 95
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: -10.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 2.18; rating input score 82; 82nd 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 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 51.4% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 16% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $141K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- 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 — Sustainability: Operating margin scored 13/100.