Born Global Foundation
Nonprofit profile at a glance
- EIN
- 815150589
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2021
- Location
- Portland, ME, USA
- Phone
- 3056004405
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $177,117
- Expenses
- $181,648
- Assets
- $1,311
- Liabilities
- $15,354
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- KIMBERLY SAMAHA (PRESIDENT)
People named in this filing
- KIMBERLY SAMAHA (PRESIDENT)
- NORA BROWNELL (SECRETARY)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The funding for the foundation's planned activities involve supporting social entrepreneurship activities in rural areas that have suffered due to the closure of industrial sites, with a particular focus on communities where there are ongoing attempts to re-purpose those sites. The foundation's leadership believe it is the people, not the technologies, that make projects successful. The born global foundation supports the non-profit social and economic development programs around these re- purposing programs making it better for local economies, the land, water and livelihood of real people.
What it reported doing in 2022
4.promotion of eco-tourism and other possible economic activities to bring depth to the shallow economies in these rural areas. Example the innovate Maine tourism program being developed in conjunction with the state of Maine where a festival is being planned to include the best of Maine from these industries. 5.promotion of social equity plans for employment of underserved and disadvantaged such as veterans, juveniles, battered women and others. Example work with the non-profit sunrise county economic council in machias, me to create a veteran training program as Washington county has the largest number of veterans in the state. 6.developing a systems-based measurement system to capture the new dynamics of socio economics in these closed loop economic models example: creation of qualitative comparative analysis measurement system developed by dr. Kimberly samaha to capture a 2-dimensional weighting system as part of the prequalification system in the born global challenge and as submitted to the sewall foundation as a standard for measuring the economic impact of the closed loop ecosystems 7.developing replicable financial models to cascade a suite of local, regional and national grants that will support a more socio-economic model for project development that can be replicated regionally, nationally, and internationally. Ex: to date there are 6 federal grant submissions in process with other non-profits and state of Maine is sponsoring a born global stakeholder breakfast at the advanced bioeconomy leadership conference in dc with key administrators from federal programs to affect this effort. 8.promoting innovation in agricultural economic models to promote better business models for operating costs and food to market channels. Example: work with stonewall kitchens and patagonia foods to create a new food delivery to home model where local grown Maine products are promoted through the innovate Maine application being developed in conjunction with the state of Maine 9.commissioning feasibility and similar studies designed to identify opportunities for economic and social development in the communities. Example working with the non-profit for repurposing millinocket on the feasibility of creating an in-land port for clearing on exports of bio- based products from Maine.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 22
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.7%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 11.71; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 98.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $179K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- 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.
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 — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.