Compete 360

Nonprofit profile at a glance

EIN
233030932
IRS 990 coverage
2019–2020
Forms available
Form 990 2020
Location
Philadelphia, PA, USA
Phone
2678868233
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Golf

Reported finances

Revenue
$657
Expenses
$202,814
Assets
$206,899
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • GARRY MADDOX (PRESIDENT)
  • KERRY ANN WILLIAMS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KERRY ANN WILLIAMS (EXECUTIVE DIRECTOR): $114,766 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Compete 360 fosters a design thinking practice in city schools by training teachers, facilitating student-led projects, and hosting the "dt philly challenge", where students present their work and compete for grants to support the evolution of their projects or the advancement of the program in their schools.

What it reported doing in 2020

In 2020, Compete 360 worked with 57 student teams from high-poverty K-12 schools, helping teachers implement a design thinking curricula that supports students in learning and using critical thinking, collaboration, communication, and problem-solving skills to address challenges such as: how to prepare students to manage their finances after graduation how to reduce vaping among teens how to address mental health needs of students during the school day how to help unhoused individuals meet their personal hygiene needs how to improve participation and interest in gym class how to provide a supportive environment for LGBTQ+ students at school how to encourage students to stay hydrated at school how to make the system of scanning in for lunch more efficient how to improve climate and conditions in the school lunchroom how to address the needs of students who learn at different paces

Operating model

Revenue model
Donor-supported. 76% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 16
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -30,769.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 56.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -24.5% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -189.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -66.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79% of spending went to programs
  • Governance: 1 of 1 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $160K in reported program spending
  • Leadership: top reported pay $115K · 2 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2019 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.