Bing Youth Institute
Nonprofit profile at a glance
- EIN
- 472393025
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020, Form 990-EZ 2014
- Location
- Detroit, MI, USA
- Phone
- 3133927016
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Adult, Child Matching Programs
Reported finances
- Revenue
- $397,964
- Expenses
- $496,323
- Assets
- $713,128
- Liabilities
- $1,500
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DAVE BING (PRESIDENT)
Highest reported compensation
- DAVE BING (PRESIDENT): $25,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a meaningful mentoring experience that will help to unleash the unlimited potential of urban young men.
What it reported doing in 2020
Mentee and mentor engagement - byi instituted a plan of weekly telephone calls between each mentor and his respective mentee. Utilizing social media platforms, we are consistently connecting with mentees and maintaining strong engagement. This effort is designed to be fun, relatable and even educational. It includes a newly created series of digital bingo challenge games. Bingo senior class of 2020 - in place of regular in-person meetings, members of the byi staff held bi-weekly zoom meetings with our mentees and college prep coach to review each mentee's progress. Bingo's college prep coach maintained on-going contact with our seniors regarding their college application submissions, search for scholarship opportunities, as well as other funding resources. Bingo underwrites the cost of all applicable application fees for its mentees. Byi has supported its seniors by providing them with the necessary tools and resources to complete their high school work and college application process. Byi purchased a new laptop computer for each of its graduating seniors for this purpose and use during their college experience.bingo mentee family support - byi is utilizing its collaborations and other external relationships to help meet the present and relevant needs of our mentees and their families.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 44
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.9%; rating input score 94
- Program expense ratio: 75.1%; rating input score 75
- Fundraising efficiency: $10.68 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 17th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -24.7%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 21.8% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 93.9% of revenue deployed · 75.1% of spending went to programs
- Governance: 4 of 6 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $373K in reported program spending
- Leadership: top reported pay $25K · 6 people listed
- Highest-paid contractors: 1 contractor listed · $106K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.