Fearless Fund
Nonprofit profile at a glance
- EIN
- 522111652
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Washington, DC, USA
- Phone
- 2022979743
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Natural Resources Conservation and Protection
Reported finances
- Revenue
- $40,000
- Expenses
- $6,971
- Assets
- $198,561
- Liabilities
- $53,306
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ALYSON MYERS (PRESIDENT)
People named in this filing
- RANDALL BRUMMETT (DIRECTOR)
- LEGENA HENRY (DIRECTOR)
- ELIZABETH J MCCONNELL (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
The purpose of the corporation is to encourage environmental activism and to advance the education, physical, mental, social, cultural, health and economic well-being of local communities, groups and individuals, and focus on food, fiber, film and farm.
What it reported doing in 2024
Farming macroalgae in open ocean for renewable energy, and/or carbon dioxide removal/sequestration.
Operating model
- Revenue model
- Grant-funded. 100% 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
MIXED - The filed numbers largely add up and 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: 22
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 79
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.8%; rating input score 9
- Program expense ratio: 50.3%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 82.6%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 28.48; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -6.4% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -10.6% per year; rating input score 0; 31st percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 8.8% of revenue deployed · 50.3% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $4K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules
- Filing history: 5 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 9/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.