Diamond Development Initiative Internat Ional
Nonprofit profile at a glance
- EIN
- 510616171
- IRS 990 coverage
- 2010–2011
- Forms available
- Form 990 2011
- Location
- Ottawa, On K1n 7B7, CA
- Phone
- 6135650507
- Rating confidence
- Limited
- Sector
- International Economic Development
Reported finances
- Revenue
- $623,326
- Expenses
- $648,533
- Assets
- $179,295
- Liabilities
- $164,818
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
11 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To gather all interested parties into a process that will address the political, social and economic challenges facing the artisanal diamond mining sector in order to optimize the beneficial development impact of artisanal diamond mining to miners and their communities.
What it reported doing in 2011
Registration of artisanal miners: in order to bring about changes to the alluvial diamond mining sector in the drc, ddi initiated a program in february 2011 to register all players involved in the diamond trade. In addition to registration, the program also aims to introduce a system to track the production of diamonds from the mine to the point of export. As required by the kp, this first step towards formalization would progressively provide drc government with greater oversight and control of artisanal diamond production, increase tax revenues through progressive reduction of illicit diamond mining, provide greater security to artisanal mining sites, and bring transparency to the artisanal diamond chain, leading to a more effective implementaion of the kimberley process.registration data collected manually was entered into a custom-designed database which also captures demographic and socioeconomic information on mine operators. Over 101,000 miners were registered in a country where the numbers of artisanal miners are estimated between 800,000 and 1 million people. The number of known artisanal diamond mining sites increased from 254 to 667 and which were also mapped and supplied to the mining cadastre.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 53
- Accountability: 100
- Sustainability: 19
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: Pass
Sustainability
- Operating margin: -4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 18.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 40.5% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 72.8% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $461K in reported program spending
- Leadership: top reported pay $121K · 11 people listed
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 2 filing years from 2010 to 2011
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.