Fs-detroit Inc
Nonprofit profile at a glance
- EIN
- 331738424
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Detroit, MI, USA
- Phone
- 3134169949
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $375,476
- Expenses
- $201,986
- Assets
- $272,043
- Liabilities
- $1,005
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- LORI WARD (EXECUTIVE DIRECTOR)
Highest reported compensation
- LORI WARD (EXECUTIVE DIRECTOR): $46,366 total reported compensation
- PAMELA MALONE (DEVELOPMENT MANAGER): $35,446 total reported compensation
- PATRICIA KENNEBREW (PROGRAM DIRECTOR): $29,596 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Figure nbsp; skating nbsp; in nbsp; detroit nbsp; helps nbsp; girls nbsp; transform nbsp; their nbsp; lives nbsp; and nbsp; grow nbsp; in nbsp; confidence nbsp; leadership nbsp; and nbsp; academic nbsp; achievement nbsp; we nbsp; are nbsp; the nbsp; only nbsp; organization nbsp; in nbsp; the nbsp; world nbsp; for nbsp; girls nbsp; of nbsp; color nbsp; that nbsp; combines nbsp; the nbsp; power nbsp; of nbsp; education nbsp; with nbsp; access nbsp; to nbsp; the nbsp; artistic nbsp; discipline nbsp; of nbsp; figure nbsp; skating nbsp; to nbsp; build nbsp; champions nbsp; in nbsp; life
What it reported doing in 2024
Summer dreams is a day camp that provides workshops that cover stem entrepreneurship dance/fitness poetry and figure skating
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
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: 79
- Accountability: 77
- Sustainability: 63
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 15.4%; rating input score 15
- Program expense ratio: 28.7%; rating input score 29
- Fundraising efficiency: $7.94 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 2nd 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; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 46.2%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 56.7%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 15.4% of revenue deployed · 28.7% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $7K in reported program spending
- Leadership: top reported pay $46K · 4 people listed
- Consistency: 23 of 28 current checks pass · 5 findings to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 1 filing year from 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
- Moderate — Transparency & Controls: Assets line sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Liabilities line sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Transparency & Controls: Series expense component sum did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.