Girvan Institute of Technology
Nonprofit profile at a glance
- EIN
- 300018073
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990 2017, Form 990-EZ 2018
- Location
- El Segundo, CA, USA
- Phone
- 4242771650
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Engineering and Technology
Reported finances
- Revenue
- $44,189
- Expenses
- $60,100
- Assets
- $492,026
- Liabilities
- $24,436
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CRAIG COLEMAN (CEO)
People named in this filing
- PAUL COLEMAN (Director)
- DERRICK COLEMAN (CFO)
- HENRY MCDONALD (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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The institute works to forster and support a) the transfer of technology from the nation's r&d organizations to the commercial industrial sector, especially to the community of early-stage high-tech companies, and b) the commercialization of technologies that have been transferred in this process.
What it reported doing in 2018
Further to facilitate the development of the nation's high-technology enterprise, the institute works to jump start high-tech companies. The main activity of the institute in this effort is our "business venture accelerator" under which the institute operates and "incubator" for such companies.During the reporting period, the institute worked with one company to support its growth.
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
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -36%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 8.19; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -72.9% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -3.2% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $76K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.