Brotherhood Cup Foundation

What it reported doing in 2024

The Brotherhood Cup Foundation is a nonprofit organization dedicated toincreasing educational opportunities for underserved individuals living in ourlocal communities, as well as underserved communities around the world, with aninitial focus on underserved areas of Singapore. We will accomplish this goal byoffering scholarships and grants to help cover the costs of participating ineducational programs. In addition to offering scholarships and grants, ourorganization will also be working to support schools, educational institutions, andother nonprofit organizations that have demonstrated the ability to offer highquality programs and services to our target community. Through ourorganizations programs and services, we hope to improve access to educationand have a positive impact in the lives of the individuals and families that wehave the opportunity to work with.In order to effectively and efficiently implement our organizations scholarshipand grant program, we will be networking within our target communities (bothdomestically and abroad) to advertise the opportunities that we offer and providestudents and qualified individuals with information on how to apply for supportfrom our organization. An applicant will need to complete an applicationincluding providing proof of financial need. The board members of theBrotherhood Cup Foundation will be responsible for reviewing the applicationssubmitted and determining which students and qualified individuals will receivescholarships and the amount of the scholarships.Our organizations support will cover the cost of the programs the qualifiedindividual applied for. The specific cost will vary based on the programs andactivities the qualified individual will be attending. The support that we offer isnot automatically renewable, but there are no limits on the age, gender, and howmany times an individual can apply for support from our organization.Once the Brotherhood Cup Foundation has selected a scholarship recipient, thefunds will be paid directly to the school or educational program on behalf ofparticipant. This will help ensure that the funds are being used for its intendedpurpose. Our organization will also follow up with the recipients to ensure thatthey are regularly attending and participating through the duration of the programthat the support was awarded for. The number of scholarships and grants awardedper year will depend on the funds available at the time.In addition to awarding scholarships, the Brotherhood Cup Foundation will alsobe working to support other nonprofit organizations that are exempt under IRC501(c)(3) and have demonstrated the ability to offer high quality programs andservices to our target communities. Again, this support will be offered toorganizations working in underserved areas of our local communities as well asorganizations working in underserved communities around the world. Ourorganization will reach out directly to those organization to see if they couldbenefit from our financial support. After our organization has provided support toanother organization, we will follow up with that organization to ensure that thefunds are being used for their intended purpose. We will also require that receiptsor documentation of how the funds were used be provided to our organization tomake sure that the funds are being used appropriately and to make sure ourrecords are accurate.In the future, as our organization grows, we will be working diligently to expandour programs and services in an effort to better fulfill our organizations goals.As a nonprofit organization, we are committed to continually offering the highestquality programs and services possible with the resources we have available.Through our programs and services, we hope to have a positive impact in the livesof those we work with and their communities as a whole.

Financial Efficiency

• Mission deployment rate: 62.7%; rating input score 63
• Program expense ratio: 43.6%; rating input score 44
• Fundraising efficiency: $1.57 raised per $1 spent on fundraising; rating input score 20; 20th 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: 60%; rating input score 60; 21st percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -43.7%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.21; rating input score 11; 11th percentile among comparable filings
• Liabilities to assets ratio: 1.27; rating input score 4; 4th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: 150% per year; rating input score 100; 99th percentile among comparable filings
• Revenue growth: 10.9% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 55.8% per year; rating input score 100; 98th percentile among comparable filings