Interlace Commons Inc
Nonprofit profile at a glance
- EIN
- 823600860
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2020
- Location
- Bristol, VT, USA
- Phone
- 8025780829
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Environmental Quality, Protection, and Beautification N.E.C.
Reported finances
- Revenue
- $529,513
- Expenses
- $479,660
- Assets
- $338,269
- Liabilities
- $106,738
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MEGHAN GIROUX (EXECUTIVE DIRECTOR)
Highest reported compensation
- MEGHAN GIROUX (EXECUTIVE DIRECTOR): $114,183 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Interlace commons' purpose is to promote agroforestry and associated land use practices through educational initiatives. Agroforestry practices build resilient and biodiverse landscapes, mitigate climate change, and enhance rural livelihoods. We achieve our mission by educating diverse populations through our agroforestry field school, consulting, community classes, and internship program. We recognize that collaboration magnifies our impact: we work with farmers, institutions, businesses, and related non-profit organizations to raise awareness and build community ties.
What it reported doing in 2024
Field consultancy, community classes and agroforestry field training
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- 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 and program spending has grown recently. 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: 57
- Transparency & Controls: 86
- Accountability: 5
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.8%; rating input score 62
- Program expense ratio: 68.2%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: Limited
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.4%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 23.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 32.2% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 27.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 61.8% of revenue deployed · 68.2% of spending went to programs
- Governance: 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $327K in reported program spending
- Leadership: top reported pay $114K · 4 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.