Foundation for Transformative Innovations Inc

Nonprofit profile at a glance

EIN
471104796
IRS 990-EZ coverage
2015–2015
Forms available
Form 990-EZ 2015
Location
Los Angeles, CA, USA
Phone
3102820821
Rating confidence
Limited
Sector
Alliance/Advocacy

Reported finances

Expenses
$24,872
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • DAVID J BERARDO (DIRECTOR)
  • JEAN TARDY-VALLERNAUD (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-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide technology and financial advise to enterprises engaged in transforming communities with renewable energy, food security, and/or water management solutions. The organization solicits grants to develop, promote, implement and expand specific initiatives as required, with the ultimate goal being to incubate sustainable commercial business models that attract private investment capital.

What it reported doing in 2015

Agency began work on a specific technology framework that promotes and supports no till farming in dryfarm or low irrigation environments. Currently 35%-50% of all farmers in the us apply no till practices tosome extent, but many family farmers in the target group are reluctant due to lack of performance dataand clarity on technical guidelines. Fti aims to help farmers make data driven decisions to enhance theiragricultural practices. The tool kit being developed will help heartland family farmers to: o understand their soil chemistryo determine appropriate cover crops to address different soil chemistry needso set targets for monitoring and reducing use of chemical fertilizers and insecticideso measure no till benefits over time including soil moisture retention improvementso model business performance results for farmers who create added-value for landlord held farmlands

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 10
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 2 of 2 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.