Equip Mozambique

What it reported doing in 2024

It's been an exciting year for the sewing school! Last year we successfully raised funds for a new building to house the school, and in March we were able to move in! The extra space made it possible to add 7 new ladies to the beginner class who are now also receiving our holistic training that aims to transform every aspect of their lives. In February we launched a new initiative among our alumni network to have them regularly meet in small cell groups, and that has been an excellent way to provide continuity and further training. We are encouraging the cell leaders to turn their groups into daughter schools to make it possible for them to multiply the transformation that they have received. These leaders were also trained in how to teach our micro-entrepreneurship course to their groups, making it more likely that everyone's sewing businesses can thrive. We were invited to start offering sewing lessons in the local jail as well, which has been such a blessing! The women there are very grateful to learn a skill that can help them start their lives over when they get out. We have started them out with small projects that can be hand-sewn, and it is beautiful to watch the healing happen in their hearts as they create beautiful things and realize their potential. We graduated our tenth cohort of students in August, and each graduate left with more than just a machine and sewing skills - she now carries renewed dignity as she becomes an agent of change in her family and community, breaking cycles of poverty and creating a new legacy of hope.

Financial Efficiency

• Mission deployment rate: 83.7%; rating input score 84
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: $74.68 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 62.5%; rating input score 62; 17th percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 2.3%; rating input score 45; 45th percentile among comparable filings
• Total-asset coverage ratio: 0.25; rating input score 14; 14th percentile among comparable filings
• Liabilities to assets ratio: 0.11; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 41.1%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: 9.2% per year; rating input score 100; 68th percentile among comparable filings
• Revenue growth: 10.1% per year; rating input score 100; 72nd percentile among comparable filings
• Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings