1000 Ties
Nonprofit profile at a glance
- EIN
- 851072939
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2023
- Location
- Cleveland, OH, USA
- Phone
- 2167853695
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $111,325
- Expenses
- $101,828
- Assets
- $9,497
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JOWAN SMITH (CEO)
People named in this filing
- JOWAN SMITH (CEO)
- NAKIA HUDSON (BOARD CHAIR)
- WILL RIDDICK (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission nbsp; statement nbsp;1000 nbsp; ties nbsp; empowers nbsp; youth nbsp; and nbsp; their nbsp; families nbsp; in nbsp; high-poverty nbsp; communities nbsp; by nbsp; teaching nbsp; essential nbsp; life nbsp; skills nbsp; that nbsp; foster nbsp; lifelong nbsp; success nbsp; through nbsp; mentorship nbsp; from nbsp; community nbsp; role nbsp; models nbsp; young nbsp; men nbsp; ages nbsp;8-19 nbsp; build nbsp; the nbsp; confidence nbsp; to nbsp; interview nbsp; network nbsp; and nbsp; break nbsp; cycles nbsp; of nbsp; generational nbsp; poverty nbsp; by nbsp; involving nbsp; and nbsp; empowering nbsp; the nbsp; family nbsp; members nbsp; who nbsp; support nbsp; these nbsp; young nbsp; men nbsp; we nbsp; create nbsp; a nbsp; foundation nbsp; for nbsp; sustainable nbsp; growth nbsp; and nbsp; shared nbsp; achievementbeginning nbsp; with nbsp; the nbsp; simple nbsp; impactful nbsp; gesture nbsp; of nbsp; tying nbsp; a nbsp; tie
What it reported doing in 2024
1000 ties family resource events 4 locations. Partner with schools for hygiene kits and provides food
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 10.2% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $70K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 11 current checks pass · 2 findings to review
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Operating margin scored 57/100.