Griffinworx

Nonprofit profile at a glance

EIN
475117286
IRS 990-EZ coverage
2016–2020
Forms available
Form 990 2018, Form 990-EZ 2020
Location
Tulsa, OK, USA
Phone
7036632777
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
International Development

Official website

Reported finances

Revenue
$148,137
Expenses
$147,751
Assets
$33,998
Liabilities
$38,080

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SEAN GRIFFIN (CEO)
  • ALICE FENTON (PRESIDENT OF THE BOARD)

People named in this filing

  • SEAN GRIFFIN (CEO)
  • ALICE FENTON (PRESIDENT OF THE BOARD)
  • JENNIFER ATALA (BOARD MEMBER)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To reduce poverty and prejudice, combat community deterioration and lessen local tensions by working with governmental entities, local organizers, and volunteers in underserved areas to create economic ecosystems through entrepreneurial growth.

What it reported doing in 2020

Alight startup cup : alight startup cup and acceleration program is designed to reposed to gaps in alight sustainable livelihood sector work in business start up and leadership in refugee settings to improve self resilience and economic wellbeing of refugees and host communities in and around refugee settlements. Griffinworx provided virtual support to livelihood officers to run programs and provide tools to support on the ground programs and trainings, griffinworx helped identify and training mentors throughout the one-year process. The process included training 375 refugees and host community's business builder and 76 mentors as well as follow-up coaching session with business builders graduates to help adapt to changing environment around covid-19 pandemic and new realities for their local market. The activities ran in kyangwali, rwamwanja, oruchinga, nakivale and kyaka.the 4 week startup academy included interactive and virtually driven sessions lead by griffinworx team along with a collection of hyper local mentors and alight flight captains/livelihood officers. Results included: training 375 refugee and host community business builder train and certify 76 mentors follow-up covid response coaching sessions to 175 businesses pakistan startup cup: the pakistan startup cup challenge is a business model competition open to any type of business idea in islamabad, karachi, lahore and peshawar brought to you by tie islamabad in collaboration with the u.s. Embassy in pakistan, powered by griffinworx. The competition is an inclusive, grassroots-driven entrepreneurship empowerment program proven to grow businesses, entrepreneurs and the ecosystems that support entrepreneurs.business builders who compete in the pakistan startup cup are rewarded for turning their idea into a viable business, going to market quickly, testing assumptions, and modifying their business model as they learn what drives customers and revenue. Business builders of the pakistan startup cup do not have to be experts at creating polished documents or accounting wizards. Instead, what they lack in experience, they make up for in passion and dedication to achieve their dream.the event organizers of pakistan startup cup are passionate about seeing regular people realize their dreams by starting and building their own businesses.the way startups are being built is rapidly changing. Today, entrepreneurs are rewarded for going to market fast, securing customers, and generating revenue as quickly as possible. Our focus is to facilitate this process and ultimately your success.this year's version of startup cup was unique as a response to covid-19, griffinworx and tie were able to move all sessions and group work into the virtual world and still was a huge success with great attendance in all the different states. Results include:2013: 450 applicationsebab participation: 1672015: 950 applicationsebab startups: islamabad: 82lahore: 77karachi: 75peshawar: 522016: 1250 startups 2017: 1950 startupsebab startups: islamabad: 110karachi: 85lahore: 90peshawar: 60faisalabad: 552018: 1550 startupsebab startups: islamabad: 90lahore: 85karachi: 80peshawar: 52faisalabad: 54quetta: 422020: total attendance 2230 business builder in total

Operating model

Revenue model
Donor-supported. 100% 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

MIXED - The filed numbers largely add up. 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: 14
  • Transparency & Controls: 100
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14%; rating input score 14
  • Program expense ratio: 14%; rating input score 14

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: 0.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 1.12; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 30.8%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -33.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -19.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -51.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 14% of revenue deployed · 14% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Financial Efficiency: Program expense ratio scored 14/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.