Education (B82) IRS Verified DX Registered 990 on File

MAVERICK FOUNDATION

EIN: 80-0024061 · BRIDGEWATER, NJ 08807-5519 · United States · FY 2023 Data

3 out of 5 57 / 100 Based on 2+ years of filings

Financial strength (30%) 87/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The Maverick Foundation is a 501c(3) organization that was established in 2002 to empower well-rounded mature young adults who lead by example and have the ability and confidence to envision a future for themselves where their mind, body and spirit reach their full potential by setting and achieving goals and who possess a passion for helping others. We provide incentive based scholarships to graduating eighth graders entering high school who are willing to accept the challenge of the Congressional Award Program. Scholarship recipients are required to achieve the prestigious Gold Medal prior to graduating from high school that requires them to perform 400 hours of community service, 200 hours of personal development, and 200 hours of physical activity. All applicants are encouraged to review the requirements of the Congressional Award at www.congressionalaward.org prior to applying for a scholarship.

Financial Overview — FY 2023

$51K

Total Revenue

$28K

Total Expenses

$541K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 93.8%

Fundraising Efficiency N/A

Operating Reserve 230.02x

Liability-to-Asset 0.0%

Revenue Diversification 72.4%

Executive Compensation $0

Compared with Peers

FY 2023

Compared with 26,509 similar organizations (United States, Education, under $100K in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	93.8%	87.2%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	6.2%	7.1%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	230.0 mo	23.4 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	72.4%	88.3%	P10P90	Above median
Revenue growth Year over year revenue growth	-2019.1%	2.3%	P10P90
Expense growth Year over year expense growth	-8.3%	2.7%	P10P90
Surplus margin Surplus as a share of revenue	44.3%	10.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$51K	$28K	$541K	93.8%
2022	$-2,643	$31K	$519K	95.8%
2021	$165K	$34K	N/A	—

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Organization Details

EIN: 80-0024061
State: NJ
City: BRIDGEWATER
ZIP: 08807-5519
Classification: B82
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2002
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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