Idea Delaware Inc

Nonprofit profile at a glance

EIN
454839412
IRS 990 coverage
2013–2015
Forms available
Form 990 2015
Location
Bristow, VA, USA
Phone
2063932406
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Research Institutes and/or Public Policy Analysis

Reported finances

Revenue
$348,751
Expenses
$339,833
Assets
$18,910
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • Gregory Fossedal (Trustee)
  • Richard Miller (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Idea Delaware studies the statistical impact of economic policies in Delaware and all 50 states -- with an emphasis on innovation by governments, individuals, corporations, and other voluntary associations, and the history of innovation and innovators. Our mission is to improve public understanding of these innovations, their impact, and the factors that can frustrate or facilitate innovation. We are non-partisan, and adhere to the principles of political and legal equality, civil liberty, economic initiative and opportunity, and non-discrimination.

What it reported doing in 2015

Ln 2015, Idea Delaware continued its policy innovations at the federal level and in such states as Arizona, Washington, and New Jersey, offering "direct care" for patients to obviate insurance coverage, and/or fill in gaps in insurance coverage for certain types of care. Through direct email, videos, meetings, e-meetings, and publications, we advised an estimated 250,000 persons of these opportunities, including continued Idea Delaware's innovation of the month program (videos and written reports) helped an estimated 800 persons receive food, housing, transportation, and other aid, in both rural and urban communities, from both government and private entities.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 92
  • Accountability: 57
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96%; rating input score 96
  • Program expense ratio: 98%; rating input score 98
  • Fundraising efficiency: $72.52 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 16th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.6%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 29.4% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: -89.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 96% of revenue deployed · 98% of spending went to programs
  • Governance: 2 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $333K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2013 to 2015
  • 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.

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 — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.