Glitter Cat Barista Inc

Nonprofit profile at a glance

EIN
842200958
IRS 990-EZ coverage
2019–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Los Angeles, CA, USA
Phone
2159704192
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies & Associations

Reported finances

Revenue
$59,940
Expenses
$150,578
Assets
$3,103
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Veronica Grimm FKA Todd Grimm (CEO)

People named in this filing

  • Veronica Grimm FKA Todd Grimm (CEO)
  • Eric J Grimm (Dir of Positive Outcomes)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Resource and training program for marginalized coffee and hospitality workers to build skills in coffee and hospitality across all platforms including competitions, cafe management, and career growth.

What it reported doing in 2023

Greater Coffee Events for employees and people of the population glitter cat serves to attend. These Events include - Denver Coffee Competitions, Baltimore Coffee Competitons, Specialty Coffee Association Expo. Cost 49,518, Grants $50,000, zero revenue

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 63% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 14
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 37%; rating input score 37

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -151.2%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 14.6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 37% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $56K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 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 — Financial Efficiency: Program expense ratio scored 37/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.