Educare Foundation

Nonprofit profile at a glance

EIN
954285350
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Van Nuys, CA, USA
Phone
8186465220
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$16,038,466
Expenses
$16,499,936
Assets
$2,986,689
Liabilities
$1,969,303

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JILL M JACOBSON (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • STUART SEMIGRAN (DIRECTOR (SEE SCH. O)): $209,340 total reported compensation
  • JILL M JACOBSON (CHIEF EXECUTIVE OFFICER): $158,564 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educare foundation's (educare) mission is to inspire and empower young people to become responsible citizens, compassionate leaders, and to live their dreams. Current programs are designed to empower disadvantaged, at-risk students to achieve excellence in personal, social and academic pursuits through strengthening individual students and their adult support network. Educare effectively provides exemplary transformational education and after school programs for youth and those who support them. Educare seeks to empower youth to be healthy, whole, successful and contributing citizens; and adults to be inspiring and supportive role models. Educare creates environments of caring and self-discovery that help youth realize their full potential. Educare receives funding from individual contributions, federal grants, los angeles unified school district funding and other organizational grants.

What it reported doing in 2024

Educare's objectives include empowering schools, school districts, youth-serving agencies, teachers, parents and the young people themselves, to better serve youth and prepare them to lead healthy, fulfilling lives. Educare operates educational programs that integrate life skills and leadership development; at-risk intervention programs; after school program management; professional staff teambuilding/community building; student peer mentoring; community service; cross-age mentoring; peer mediation and conflict resolution; and parent education and involvement.

Operating model

Revenue model
Grant-funded. 96% of the money available for current operations came from government grants.
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

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 84
  • Accountability: 96
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.8%; rating input score 89
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: $58.65 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 26th 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: -2.9%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 88.8% of revenue deployed · 86.3% of spending went to programs
  • Governance: 14 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $14.2M in reported program spending
  • Leadership: top reported pay $209K · 17 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.