101010

Nonprofit profile at a glance

EIN
200332081
IRS 990 coverage
2015–2017
Forms available
Form 990 2017, Form 990-EZ 2014
Location
Denver, CO, USA
Phone
3039011990
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Environmental Education and Outdoor Survival Programs

Official website

Reported finances

Revenue
$303,412
Expenses
$526,105
Assets
$22,667
Liabilities
$2,222

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • THOMAS K HIGLEY (CEO)

Highest reported compensation

  • ERIC BYINGTON (MANAGING DIRECTOR): $74,900 total reported compensation
  • THOMAS K HIGLEY (CEO): $16,050 total reported compensation
  • JEFFREY M NATHANSON (SECRETARY): $16,050 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

10.10.10's mission is to tackle the world's wicked problems through public

What it reported doing in 2017

10.10.10 invites successful serial entrepreneurs to explore market-based solutions to the worlds "wicked problems". The organization, program and model is designed to help denver, co and other startup communities establish powerful connections to resources in other key cities by becomming better connected to thought leaders, entrepreneurs and investors throughout the country and around the world. With substantial support from a key partner, the Colorado health foundation, 10.10.10 gave birth to a first-of-its-kind program in 2015, inviting 10 select entrepreneurs to consider creating companies that would develop and take to market solutions to one or more of the 10 wicked problems in health. 10.10.10 also pioneered a method for sourcing, analysing and researching wicked problems and for convening key stakeholders who would benefit from their connections to entrepreneur-driven innovation even as they provided input, guidance and support. Finally, 10.10.10 understood, from the Colorado health foundation and others, that 1.10.10 could help generate local and national attention and explore private sector support for key philanthropic initiatives.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The required major-donor schedule is missing or incomplete and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 9
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: $12.08 raised per $1 spent on fundraising; rating input score 46; 46th 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: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -73.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 20.3%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 49.7% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 39.3% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 27.6% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 85% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $447K in reported program spending
  • Leadership: top reported pay $75K · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $115K reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 2 filed schedules · includes major donors
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.