Envisionleadgrow Inc

Nonprofit profile at a glance

EIN
814671522
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Norfolk, VA, USA
Phone
7573217474
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development - Business

Reported finances

Revenue
$825,937
Expenses
$820,183
Assets
$326,469
Liabilities
$276,423

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

Leadership & pay

13 people listed

People named in this filing

  • ANGELA D REDDIX (FOUNDER AND BOARD CHAIR)
  • MONICA HAMMOND (VICE CHAIR AND DIRECTOR)
  • STACIE OTEY-SCOTT (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To provide economic empowerment services for women and girls from historically excluded communities through programs that increase equity, ownership, enterperneurship, scholarship, and ivestment.

What it reported doing in 2024

You go girl: the envision lead grow program begins her, wiht the enterpreneurial summer immersion camp, middle school girls from the evern cities come together at a sleep-away camp, on a college campus, to learn the building blocks of becoming an entrepreneur. At the end of the summer immersion camp, these young women leave with a solid business idea, a passion pitch they can use to sell their idea to others and confidence to take teir company and ultimately their community to the next level. Over the course of the summer and throughout the school year, girls receive mentoring, in-person and via webinars, the opportunity to attend a spring institute for top performers, and monthly activities for themselves adn their families, we are building teen enterpreneurs, who become "thousand-aires" while in school.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 83
  • Accountability: 94
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.8%; rating input score 73
  • Program expense ratio: 73.3%; rating input score 73
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: 0.7%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 6.3% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 20.9% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 72.8% of revenue deployed · 73.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $602K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 38/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.