Invest America Charitable Foundation Inc

Nonprofit profile at a glance

EIN
934763819
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Menlo Park, CA, USA
Phone
4084095108
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development - Business

Reported finances

Revenue
$3,947,256
Expenses
$1,078,986
Assets
$2,912,070
Liabilities
$43,800

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MATHEW LIRA (EXECUTIVE DIRECTOR/SECRETARY)

Highest reported compensation

  • MATHEW LIRA (EXECUTIVE DIRECTOR/SECRETARY): $505,833 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Reduce income inequality and opportunity gaps in america by promoting financial literacy and participation in the american financial system.

What it reported doing in 2024

Launched a research program on financial literacy and economic opportunity, with a focus on expanding household participation in the financial system. Sponsored and released "the economic impact of invest america accounts," a study analyzing the financial and societal benefits of early childhood development accounts for children and their families. Established a senior executive council composed of notable experts and financial leaders to advise research and support dissemination of findings. Council activities and the associated research generated coverage in major national media outlets, including network news and leading print publications, with distribution (cont'd on schedule o) reaching outlets nationwide. Hosted multiple policy discussions with academic and philanthropic stakeholders, culminating in an educational event attended by more than 100 stakeholders featuring expert panel discussions on research conclusions.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 77
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.5%; rating input score 26
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

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

Sustainability

  • Operating margin: 72.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 2.7; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 46.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 25.5% of revenue deployed · 90% of spending went to programs
  • Governance: 1 of 1 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $971K in reported program spending
  • Leadership: top reported pay $506K · 3 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.