Institute of Entrepreneurship & Leadetship Iel
Nonprofit profile at a glance
- EIN
- 821709458
- IRS 990 coverage
- 2017–2017
- Forms available
- Form 990 2017
- Location
- Providence, RI, USA
- Phone
- 4014044290
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Higher Education Institutions
Reported finances
- Revenue
- $63,194
- Expenses
- $23,125
- Assets
- $36,588
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- KENO MULLINGS (PRESIDENT)
Highest reported compensation
- KENO MULLINGS (PRESIDENT): $5,923 total reported compensation
- SHIELEY MOORE (Director of Operations): $3,204 total reported compensation
- SHEMIKA MOORE (Dir Student Affairs): $2,719 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To end poverty through entrepreneurship and increase diversity in the tech economy (entrepreneurship and workplace).
What it reported doing in 2017
Trained 15 students in IT soft skills
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 10
- Transparency & Controls: 75
- Accountability: 28
- Sustainability: 63
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.5%; rating input score 7
- Program expense ratio: 17.8%; rating input score 18
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 63.4%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 51.2%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 6.5% of revenue deployed · 17.8% of spending went to programs
- Governance: 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $29K in reported program spending
- Leadership: top reported pay $6K · 3 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules · includes major donors
- 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.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- High — Financial Efficiency: Program expense ratio scored 18/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 7/100.