Genspan Foundation

Nonprofit profile at a glance

EIN
770531693
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Santa Maria, CA, USA
Phone
8056147591
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Child Matching Programs

Official website

Reported finances

Revenue
$20,129
Expenses
$60,914
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • PHILLIP ALVARADO (PRESIDENT)
  • DR DAN SHEPARD (VICE PRESIDENT)

Highest reported compensation

  • BRENDA FRAZIER (ACTING EXEC/PROG DIRECTOR): $31,288 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of genspan foundation is to enrich and improve the quality of the lives of all community members by providing opportunities of all ages to participate in activities that sponsor lifelong learning and social enrichment.

What it reported doing in 2018

In addition to completing a fundraiser in february, genspan foundation, through the apple program, provided volunteers in the classrooms in santa maria, orcutt and nipomo, working with students (kindergarten thru 6th grade). With the funds raised, genspan sponsored tickets for students to attend a play at p.c.p.a. Theater. In addition, genspan provided lunch to the students and volunteers attending the play. Genspan was also involved in the mini rodeo providing volunteers and seven buses to help out the organization. In august, pursuant to a decision of the directors of genspan foundation all money raised with the fundraising event, and assets were transferred to the santa maria valley ymca foundation inc. To endorse and carry on with the organization's mission.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 63.7%; rating input score 64
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • 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: -202.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 51.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -5.4% per year; rating input score 0; 40th percentile among comparable filings
  • Revenue growth: -8.9% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -7.4% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 63.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $39K in reported program spending
  • Leadership: top reported pay $31K · 7 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • 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.

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

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.