Harambee Institute Inc

Nonprofit profile at a glance

EIN
231995275
IRS 990 coverage
2017–2020
Forms available
Form 990 2020, Form 990-N 2016
Location
Philadelphia, PA, USA
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$112,509
Expenses
$105,418
Assets
$434,318
Liabilities
$399,863

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

Leadership & pay

3 people listed

Executive titles in this filing

  • TONYA SKIEF (PRESIDENT)

Highest reported compensation

  • KIMBERLY KING (VP ASST SECRETARY): $18,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educational

What it reported doing in 2020

Harambee Institute continues to work towards its goals of improving the Philadelphia community through education and economic development. By formalizing the early learning centers K2 Academy business plan, Harambee looks forward to securing a location for the early learning center in 2019, in order to begin programming. Harambee has been successful in fulfilling the areas of the HIRE program goal for this year. HIRE programs purpose is to provide quality housing in the Philadelphia Community. There are specific measurables and standards in order for a property to be designated a HIRE property. Mentorship is one of them. This component of the process involved choosing groups of 3-10 young adults between the age of 16-24, and have them participate in the entire property acquisition process. This includes modeling the roles of the following participants, Investor, Realtor, Financer, Credit Counselor, Contractor, Interior Designer etc.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 100
  • Accountability: 79
  • Sustainability: 47
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.3%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 4.12; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 17.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -25.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -12.8% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 74% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $78K in reported program spending
  • Leadership: top reported pay $18K · 3 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2017 to 2020
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.