Gumball Foundation

Nonprofit profile at a glance

EIN
452531481
IRS 990-EZ coverage
2014–2017
Forms available
Form 990-EZ 2017
Location
Los Angeles, CA, USA
Phone
3238461471
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$23,975
Expenses
$22,793
Assets
$27,182

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • EZEQUIEL OLVERA (President & CEO)

People named in this filing

  • EZEQUIEL OLVERA (President & CEO)
  • DAISY RIOS (Director)
  • RONALD GETTY (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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We aim to foster, support, and guide the next generation of creative and healthy social entrepreneurs, through an innovative program that seeks to make a positive impact on individuals and communities in need. We strive to instill in our students a sense of integrity, social responsibility, and respect for themselves and others while saving for their college education.

What it reported doing in 2017

The Gumball Foundation seeks to foster the next generation of social entrepreneurs by equipping them with the tools and equipment to start a venture. Early on, we teach students to become stakeholders in their future by selling products through vending machines, instead of drugs. Through incentives and good academic grades, students exchange their academic grades for an opportunity of having a space to put his/her vending machines and earn money for college. The students engage in their communities with a strong mission of self-improvement, allowing them to gain pride in their blighted communities while walking their streets in a positive way and engaging with local and corporate business individuals.

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
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 - The filed numbers largely add up and revenue has grown recently. 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: 57
  • Transparency & Controls: 82
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.5%; rating input score 56
  • Program expense ratio: 59.4%; rating input score 59

Transparency & Controls

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

Sustainability

  • Operating margin: 4.9%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.19; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 36th percentile among comparable filings
  • Revenue growth: 11.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 56.5% of revenue deployed · 59.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.