Fospeinc
Nonprofit profile at a glance
- EIN
- 472871969
- IRS 990 coverage
- 2015–2025
- Forms available
- Form 990 2025, Form 990-N 2014
- Location
- Miami Beach, FL, USA
- Phone
- 7864962484
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $496,905
- Expenses
- $504,286
- Assets
- $141,658
- Liabilities
- $4,343
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- VEDANT MIMANI (PRESIDENT)
People named in this filing
- BEATRIZ ARSENAULT (DIRECTOR)
- VEDANT MIMANI (PRESIDENT)
- MICHAEL DULARIDZE (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fospe, inc. Was established in january 2015 and is a 501(c)(3) designated non profit entity. Fospe's mission is to raise funds and work in close cooperation with south pointe elementary principal/faculty and administration to expand curricular enrichment, educational initiatives and classroom support for the benefit of the children at south pointe elementary. Our parent driven volunteer organization aims to raise funds and provide south pointe elementary public school with curricular enrichment, educational initiative and classroom support. Fospe, inc. Is comprised of friends, family, neighbors and colleagues who share a core belief: our community is what we make it. Our goal: to give every child the opportunity to succeed in a safe, professional, caring, and compassionate school environment while empowering them with productive learning to help them achieve success in life.
What it reported doing in 2025
Fospe delivered extra-curricular enrichment, educational initiatives, health and safety enhancements and classroom support for the benefit of ~ 425 students at miami beach south pointe elementary school. The result of this work helped south pointe elementary retain its "a" grade from the state of Florida department of education.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.6%; rating input score 98
- Program expense ratio: 96.2%; rating input score 96
- Fundraising efficiency: $2.05 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- 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: -1.5%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 15.1% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 97.6% of revenue deployed · 96.2% of spending went to programs
- Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $485K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.