Flip Flop Foundation Inc
Nonprofit profile at a glance
- EIN
- 680640213
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010
- Location
- New York, NY, USA
- Phone
- 2125791811
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $133,586
- Expenses
- $122,702
- Assets
- $58,014
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to improve the health, hygiene, education, comfort and well-being of disadvantaged Zambian children and to provide skills training to Zambian women with the goal of empowering individuals towards self-sufficiency. Our approach is to provide immediate relief, intermediate care and long-term change. We achieve this three-pronged approach through the following practices: - Provision of basic necessities, including footwear, clothing, food, school supplies, health & hygiene supplies, mosquito nets, sporting equipment and toys. - Support for organizations that educate and enrich the community through dance, drama and team sportsmanship. - Aid in the provision of vocational skills training for women.
What it reported doing in 2010
FFF is currently supporting more than 50 organizations throughout Zambia, including community schools, orphanages, community-based organizations including sports-based organizations, and hospices. While the majority of the support is to organizations in Lusaka, FFF does support organizations in all nine provinces of Zambia with the exception of Northern Province.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 42
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.2%; rating input score 79
- Program expense ratio: 86.2%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.1%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 79.2% of revenue deployed · 86.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $106K in reported program spending
- Leadership: top reported pay $14K · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Money network: 1 filed money-flow record
- 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: Total-asset coverage ratio scored 41/100.