Corporate Voices for Working Families

Nonprofit profile at a glance

EIN
522351881
IRS 990 coverage
2013–2013
Forms available
Form 990 2013
Location
Arlington, VA, USA
Phone
5712439493
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$598,530
Expenses
$725,182
Assets
$7,079
Liabilities
$140,998

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • ELLEN GALINSKY (PRESIDENT, FAMILIES & WORK)
  • DAVID LISSY (CEO,BRIGHT HORIZONS FAMILY)

Highest reported compensation

  • JOHN WILCOX (CFO/DEPUTY DIRECTOR): $53,846 total reported compensation
  • DONNA KLEIN (CHAIR/FOUNDER): $27,083 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

General purpose is to study and conduct research relating to issues faced with working families and businesses and to make results of such research available to the public.

What it reported doing in 2013

Businesses, working families and communities succeed when individuals at all ages and all socioeconomic levels prosper -- and the competitiveness of american business is tied to the quality and skills of a workforce that is shaped and nurtured in a lifelong talent development pipeline. Consequently, in conjunction with our corporate, strategic outreach and funding partners, corporate voices for working families combines research, collaboration, business best practices, legislative outreach and advocacy to adopt policies that ensure the mutual success of businesses, individuals and communities. Success for one requires the sustainability of the whole. Collectively our 50 partner companies, with annual net revenues of more than $1 trillion, employ more than 4 million individuals throughout all 50 states.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% 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. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 82
  • Accountability: 74
  • Sustainability: 7
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 59%; rating input score 59
  • Fundraising efficiency: $13.67 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 84.6%; rating input score 85; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.3%; rating input score 88; 32nd percentile among comparable filings
  • 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 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 19.92; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 31; 31st percentile among comparable filings

Growth

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

Details

  • Where the money goes: 71.4% of revenue deployed · 59% of spending went to programs
  • Governance: 15 of 15 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $428K in reported program spending
  • Leadership: top reported pay $54K · 16 people listed
  • Consistency: 30 of 32 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.