Asla Foundation Incorporated
Nonprofit profile at a glance
- EIN
- 371588848
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Seattle, WA, USA
- Phone
- 4153141395
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Development
Reported finances
- Revenue
- $50,464
- Expenses
- $52,001
- Assets
- $48,050
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JESSICA NEFF INWOOD (PRESIDENT)
People named in this filing
- JESSICA NEFF INWOOD (PRESIDENT)
- JANET KENDALL (DIRECTOR)
- STEVEN NEFF (DIRECTOR)
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
We improve the lives of underserved individuals, families, and communities of nicaragua through education.
What it reported doing in 2024
Since 2001, we have sent over 200 students to high school and 100 to college. Many of our participants have gone on to graduate from college and pursue professional careers.the asla foundation was created in order to help children who would otherwise not attend school past the 6th grade, continue onto high school and college. We find donors in the united states to sponsor a student from start to finish of high school. The total cost varies from $175-$350 a year to send a youth to school. The money covers matriculation, uniforms, transportation, books, and food. The donors have an option to exchange letters throughout the experience with their student, creating a vivid cultural link as well as a once-impossible opportunity to deserving children who want to be able to find a job once they've graduated, read and write well, and make enough money to help their families.the santa teresa scholarship program has grown immensely from our first year, when we received 20 applications from local children. We receive around 75 new applications each year, and continue to sponsor each child for all five years of their high school studies and on to college. As a condition of the scholarship, the awardees are obligated to do 10 hours of community service each semester, in order to improve the lives of others through everything from reforestation to tutoring. The foundation and supporters are so proud of the positive effects this project has had in nicaragua.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.2%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.92; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -9.1% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: -7.1% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $52K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.