The Small Enterprise Education and Promotion Network Inc
Overview
Mission
The seep network's mission is to empower our members to be effective agents of change and to enhance their collective ability to accelerate learning and scale impact.
What it reported doing in 2020
Markets in crisis: seep aims to expand the scale and effectiveness of strategies that use the power of the market to support people, business and systems that are highly vulnerable to the shock-stress-shock cycle. Through the engagement of a large and diverse range of organizations in the humanitarian and economic development fields - practitioners, financial service providers, donors, governments, technology providers we work collectively to develop and promote improved standards of practice, foster collaboration, and create opportunities for learning and access to relevant tools and technical resources.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The nonprofit carried out 87% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133840611
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020
- Headquarters
- Arlington, VA, USA
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Development
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 87
- Accountability: 91
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.8%; rating input score 83
- Program expense ratio: 58.1%; rating input score 58
- Fundraising efficiency: $24.56 raised per $1 spent on fundraising; rating input score 60; 60th 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: 3 of 8 controls in place; rating input score 38
- Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -42.6%; rating input score 3; 3rd percentile among comparable filings
- Operating reserve ratio: 0.49; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 1.43; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 12.3%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: -13.9% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -13.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 82.8% of revenue deployed · 58.1% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $138K · 13 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 6 annual filings from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.