Foundation Neme Inc
Nonprofit profile at a glance
- EIN
- 465366964
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024, Form 990-N 2016
- Location
- Edinburg, TX, USA
- Phone
- 9564630849
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $130,762
- Expenses
- $64,614
- Assets
- $184,107
- Liabilities
- $1,890
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- EDOUARD ATANGANA (PRESIDENT)
People named in this filing
- EDOUARD ATANGANA (PRESIDENT)
- ADRIANA RODRIGUEZ (TREASURER)
- SANDRA Y CABRERA (SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Children everywhere have dreams and aspirations. Education is their best strategy to make those dreams come true. By rebuilding and modernizing elementry schools in the rural areas of cameroon, africa, foundation neme would like to make school enjoyable and efficient. The mission of the foundation is to bring light closer to every child in rural cameroon, africa. The sun of opportunity can make its light shine on those dark corners of poverty. To serve local community, physicians with fast, accurate, confidential, reasonably priced blood testing services. The aim of this laboratory is to come up with a sustainable laboratory that provides state of the art diagnostic care to the community, general population at affordable rates. In attempt to help the less privilege access better laboratory diagnosis and health care.
What it reported doing in 2024
Foundation neme is a public charity that is dedicated to improving schools conditions for children in rural areas of cameroon, africa. It is also committed to improving access to basic health care services to cameroonians.
Operating model
- Revenue model
- Donor-supported. 94% 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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 100
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.3%; rating input score 49
- Program expense ratio: 99.8%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 50.6%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 2.85; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 15.2% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 35.2% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 25.7% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 49.3% of revenue deployed · 99.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $64K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.