AI Transparency Report
The Jack Moon Scholarship Foundation demonstrates a consistent commitment to its mission of providing scholarships, as evidenced by its NTEE code B82 (Scholarships & Student Financial Aid). The organization maintains a healthy asset base, with assets consistently over $2 million, reaching $2,354,436 in 2023. This indicates financial stability and a strong endowment or investment strategy to support its long-term goals. The foundation's liabilities have been negligible across all reported periods, often just $1, which is a strong indicator of sound financial management and minimal debt burden.
However, a notable trend in the foundation's financial health is that expenses have frequently exceeded revenue in most reported periods, particularly from 2019 to 2022. For instance, in 2022, expenses were $366,798 against revenues of $209,208, and in 2020, expenses were $461,777 against revenues of $138,273. While this can be sustainable for foundations with significant endowments, it suggests a reliance on drawing from assets or prior year surpluses rather than solely operating on annual contributions. The most recent period (2023) shows a positive shift, with revenue ($388,236) exceeding expenses ($291,631), which is a positive development for its operational sustainability.
In terms of transparency and efficiency, the foundation reports 0% officer compensation across all filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its programmatic mission. This practice significantly reduces administrative overhead. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of officer compensation suggests a high degree of efficiency in leadership costs. The consistent filing of IRS Form 990 over ten periods demonstrates a commitment to regulatory compliance and public transparency.