Building for Tomorrow
Nonprofit profile at a glance
- EIN
- 274254089
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-N 2010
- Location
- Akron, OH, USA
- Phone
- 3307629631
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,584,430
- Expenses
- $1,106,587
- Assets
- $1,267,182
- Liabilities
- $691,307
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- HERMAN L HILL (PRESIDENT)
Highest reported compensation
- HERMAN L HILL (PRESIDENT): $346,973 total reported compensation
- DEBORAH ARMSTRONG (TREASURER): $144,430 total reported compensation
- ANNA BALL (VP/SECRETARY): $56,520 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
Reach opportunity center: the reach opportunity center is an educational facility for all residents of the summit lake neighborhood. The center helps families to rise above poverty by providing a comprehensive system of education, training, support and resources that are keys to improving personal opportunities and achieving self-sufficiency. Programs and services are designed to strengthen the whole family and support summit education initiative's cradle to career alliance by:-preparing children for kindergarten-ensuring children are reading at proficiency by 3rd grade-delivering adult learning and job readiness services
Operating model
- Revenue model
- Donor-supported. 96% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 60
- Accountability: 66
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.5%; rating input score 68
- Program expense ratio: 97.4%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 12th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.2%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 13.4% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 68.5% of revenue deployed · 97.4% of spending went to programs
- Governance: 4 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $347K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 57/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.