Arasini Foundation

Nonprofit profile at a glance

EIN
860553188
IRS 990 coverage
2011–2014
Forms available
Form 990 2014
Location
Richardson, TX, USA
Phone
9724375332
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$447,698
Expenses
$395,016
Assets
$104,363
Liabilities
$9,349

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Tim Amsden (Vice President)
  • Deborah K Singleton (President)

Highest reported compensation

  • Deborah K Singleton (President): $138,868 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Arasini Foundation is an educational organization focused on educating the public about healing.

What it reported doing in 2014

Continue to expand "A Healing Place" educational center in Richardson, TX. "A Healing Place" offers educational sessions, classes to the general public, an apprentice teacher program working directly with the leadership of The Foundation. The Center serves individuals across the globe that are seeking healing education with the highest level of integrity. The Center created as an "environmentally friendly" space and is open 6 days a week.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 90
  • Accountability: 78
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.8%; rating input score 75
  • Program expense ratio: 84.8%; rating input score 85
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 20th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 11.8%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 35.2%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 115.2% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 18% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 50.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 74.8% of revenue deployed · 84.8% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $335K in reported program spending
  • Leadership: top reported pay $139K · 5 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2011 to 2014
  • 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 — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.