Building Futures Now

Nonprofit profile at a glance

EIN
770348803
IRS 990 coverage
2015–2016
Forms available
Form 990 2016
Location
Menlo Park, CA, USA
Phone
6503809038
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$272,556
Expenses
$586,340
Assets
$1,239,578
Liabilities
$16,241

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Penny Gallo (President)
  • Peter Dumanian (Vice President)

Highest reported compensation

  • Rosemary Kamei (Executive Dir.): $115,326 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building Futures Now develops the academic and interpersonal potential of underserved students beginning in the critical elementary and middle school years. We offer access to exceptional educational opportunities and long-term comprehensive support to empower students with the academic and self-advocacy skills needed to thrive in high school, college and early career.

What it reported doing in 2016

After-school and summer program for academic support to 100 East Palo Alto and East Menlo Park students in grades fourth through eleventh.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 95% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.4%; rating input score 81
  • Fundraising efficiency: $13.83 raised per $1 spent on fundraising; rating input score 51; 51st 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: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -115.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.11; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 19.7%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: -37.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -22.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.4% of spending went to programs
  • Governance: 12 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $478K in reported program spending
  • Leadership: top reported pay $115K · 14 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Operating margin scored 2/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.