Asset Network for Education Worldwide Inc

What it reported doing in 2024

Anew supports environmental sustainability by serving charitable organizations, public agencies and communities in need with useable obsolete or surplus furniture, fixtures, equipment, supplies, architectural materials and building assets that are donated to anew and by matching of surplus received from private and public companies and organizations, and government agency donors to donees with the support of others through collection (including dismantling and removal) and redistribution services. Anew helps communities who have and those who need surplus items by connecting each and repurposing surplus furniture, fixtures, equipment and architectural materials. Anew provides liquidation alternatives for surplus materials, donating them to underserved, charitable non-profit organizations and public agencies. The organization repurposes quality surplus furniture, fixtures, equipment and architectural materials for the benefit of nonprofit charitable organizations and public agencies in need across the united states. This helps to advance the mission of these organizations by reducing their capital expenditures for office furniture and interior improvements, thus increasing funds budgeted for program services. Anew further provides education, programs and services (including reporting of social and environment metrics) to enable its donors to take social and environmental responsibility through resource recovery, extending the life cycle of surplus, and diversion of waste from landfill through the strategic application and implementation of sustainable practices including repurposing, reuse, resale, recycling and recovery of energy-from-waste. Anew worked and consulted with exempt entities to help establish and teach sustainable practices and create policies and procedures to track and report the use of waste. The entities engaged anew to help decommission buildings and warehouses and set a framework so that the entities were able to be self sufficient in the future.

Financial Efficiency

• Mission deployment rate: 96.5%; rating input score 96
• Program expense ratio: 92.3%; rating input score 92
• Fundraising efficiency: $4.89 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 91.9%; rating input score 92; 39th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • 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: -4.5%; rating input score 25; 25th percentile among comparable filings
• Total-asset coverage ratio: 0.03; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 5.9%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
• Revenue growth: 3% per year; rating input score 100; 31st percentile among comparable filings
• Asset growth: -3.4% per year; rating input score 0; 9th percentile among comparable filings