Atlas Pangea Foundation
Nonprofit profile at a glance
- EIN
- 991020587
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Raleigh, NC, USA
- Phone
- 5408186623
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Economic Development
Reported finances
- Revenue
- $7,753
- Expenses
- $87,783
- Assets
- $44,960
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Ismael Alaoui (Assistant)
- Salim Elkhou (Founder)
- Jose Abete (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
Our mission is to create smart, livable and cohesive communities in the global south. With a focus on digital inclusion, we work to leverage high technology that can meaningfully improve access to education, healthcare, economic opportunities and sustainable energy, to transform rural underserved communities and improve access to education, healthcare, economic opportunities and sustainable energy, to transform rural underserved communities and improve people's lives. We are starting by supporting 42 families in a rural community in the Atlas mountains that was recently hit by an earthquake. But we have plans to impact many more as we grow. In a context where essential services including educational institutions, medical services and financial establishments, are only available in adjacent municipalities that are miles away, we provide technology powered solutions to bridge the gap and improve access to these critical services.
What it reported doing in 2024
Built 4 classroom modules with audio/video equipment in the Ouirgane region of Morocco
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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. A relatively small share of total spending goes to programs and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 82
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 57%; rating input score 57
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1,032.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 30; 30th 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: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -179% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -102.7% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 57% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.