Destination Education
Nonprofit profile at a glance
- EIN
- 364758487
- IRS 990-EZ coverage
- 2013–2017
- Forms available
- Form 990 2015, Form 990-EZ 2017, Form 990-N 2012
- Location
- Zeeland, MI, USA
- Phone
- 6162989309
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $85,686
- Expenses
- $211,543
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- JANET DEYOUNG (CHAIR)
- DAVE ZIMMER (TREASURER)
- TOM MARTIN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Destination education is a community collaborative focused on making completion of post-secondary education an achievable reality for every student in the greater holland / zeeland area - particularly low-income students, students of color, and students who will be the first in their families to attain a degree or credential.
What it reported doing in 2017
Destination education collects community data to determine the greatest area of need and works with other existing organizations to develop programs to make post-secondary education a reality for area students.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 4
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.2%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -146.9%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 34.5%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: -17.8% per year; rating input score 0; 18th percentile among comparable filings
- Asset growth: -8.6% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 73.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $155K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2013 to 2017
- Contacts: How to reach this organization
- Money network: 4 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 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.