Asali Corporation

Nonprofit profile at a glance

EIN
823193062
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Salem, MA, USA
Phone
7749941300
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$20,050
Expenses
$16,325
Assets
$23,851

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • Margot Hinchey (Chairperson)
  • Sophie Zeif (Treasurer)
  • Margaret Matook (Clerk)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Asali? s mission is to improve childhood quality of life worldwide through education, arts, and health initiatives. Asali collaborates with locally run partner organizations to develop programs focused on improving the lives of children around the world. Asali currently partners with Simba? s Footprints, an organization in Tanzania that runs after-school programming and events at its community center in Majengo, Moshi. Through mentorship, financial support, and program development assistance, Asali supports many programs at Simba? s Footprints. All projects are a collaboration between Asali and Simba? s.

What it reported doing in 2024

The music program continues to grow both in number and students abilities. We were able to add additional instruments to the studio and a computer which will allow the students to start recording. This year the music students participated in a variety of community events where they were able to showcase their talents. The growth in their skills is evident to everyone who watches them perform. Simba? s has started a fully functional band providing income for the members trained at the community center. We believe by providing future education opportunities to the young people in our community, we can impact the community? s high unemployment rate and reduce dependence. We have also dedicated funds to repairing and maintaining instruments, providing students with performance attire, and keeping our experienced staff available to provide lessons and support to our students. This year, Asali has provided $1262.19 to the music program.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 82
  • Sustainability: 57
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.9%; rating input score 71
  • Program expense ratio: 87.1%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 18.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.3% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -11.6% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 70.9% of revenue deployed · 87.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 6 filed program accomplishments · $14K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.