Enventure
Nonprofit profile at a glance
- EIN
- 454311731
- IRS 990 coverage
- 2017–2019
- Forms available
- Form 990 2019, Form 990-EZ 2018, Form 990-N 2015
- Location
- Raleigh, NC, USA
- Phone
- 2025200750
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- International Development
Reported finances
- Revenue
- $293,677
- Expenses
- $226,858
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- Aneri Pradhan (Executive Director)
Highest reported compensation
- Aneri Pradhan (Executive Director): $94,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
ENVenture is an incubator that empowers rural Community Based Organizations (CBOs) to learn business skills and receive financing to launch sustainable clean energy enterprises in Uganda. CBOs receive a low-cost loan and a 1:1 business coach, taking the packaged business concept from idea to execution to expand access to clean energy in the rural areas.
What it reported doing in 2019
Provided up to $2,000 in inventory loans for each Community Based Organization to purchase wholesale solar lanterns, systems, improved cookstoves, and water filters to resell in their villages of operation as well as coaching services.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
The verdict
MIXED - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 49
- Accountability: 68
- Sustainability: 39
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.6%; rating input score 35
- Program expense ratio: 44.8%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 24%; rating input score 24; 36th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 19th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.8%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 41.4%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -22.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 10.1% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -77.4% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 34.6% of revenue deployed · 44.8% of spending went to programs
- Governance: 4 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $102K in reported program spending
- Leadership: top reported pay $94K · 1 people listed · 1 of 6 pay-setting controls reported
- Consistency: 26 of 28 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 2 filing years from 2017 to 2019
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Transparency & Controls: Grant itemization coverage scored 24/100.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.