Cincy Reigns Inc

Nonprofit profile at a glance

EIN
883032269
IRS 990 coverage
2022–2022
Forms available
Form 990 2022
Location
Cincinnati, OH, USA
Phone
5132622822
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$43,280
Expenses
$3,909
Assets
$39,371
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BRIAN FOX (PRESIDENT)

People named in this filing

  • CHRIS MILIANO (CFO)
  • BRIAN FOX (PRESIDENT)
  • MATT BRENNAN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cincy reigns inc. (cincy reigns) is organized for the purpose of partnering with other tax-exempt charitable and philanthropic entities (charity or charities) to provide them with fundraising, marketing, and promotional support. Cincy reigns will help support and promote charities and their constituents, primarily in the greater cincinnati area, by raising funds and distributing those funds to recipient charities through donations of cash or in-kind contributions of (i) sports, physical or other educational training, activities or events, and (ii) communication, marketing, speaking, promotional or other services.

What it reported doing in 2022

Cincy reigns support will include the use of university of cincinnati student-athletes and their names, images and likenesses as a means to expand the awareness and reach of the supported charities in order to (i) attract donors and increase donations to the supported charities, (ii) attract volunteers to the supported charities, (iii) increase the awareness of the needs of those supported by the charities, and (iv) provide a needed service to the supported charities.

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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 80
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9%; rating input score 9
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 91%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 10.07; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 9% of revenue deployed · 100% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 9/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.