Invested
Nonprofit profile at a glance
- EIN
- 237189670
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Renton, WA, USA
- Phone
- 2063521199
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $2,844,686
- Expenses
- $1,099,703
- Assets
- $8,863,182
- Liabilities
- $226,650
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JOHN MULLIN (INTERIM EXECUTIVE DIRECTOR)
- JAMES IVERS (PRESIDENT)
- REBECCA WILSON (VICE PRESIDENT)
- REGGIE WOODS (VICE PRESIDENT)
Highest reported compensation
- DAVID HARTNESS (OPERATIONS & PROGRAM DIRECTOR): $123,479 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Invested provides immediate help for secondary students in Washington to improve their attendance, engagement, and graduation rates.
What it reported doing in 2024
Each year, the organization provides program funding directly to secondary schools to make funds available for immediate use with minimal bureaucracy. With input from those who are closest to the students - their teachers, counselors or coaches - the school's local team funds items that specific students need, but cannot afford, allowing them to participate fully in school. Specific needs include activity fees, musical instrument rental, uniforms or clothing, or test fees. Initial funding for the year was $295,222.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 70% of its reported program spending out as 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. The filing does not identify recipients for some grant dollars and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 72
- Accountability: 88
- Sustainability: 83
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.2%; rating input score 64
- Program expense ratio: 56.5%; rating input score 56
- Fundraising efficiency: $11.71 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 24.7%; rating input score 25; 13th 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: 61.3%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 8.06; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 11.2%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 64.2% of revenue deployed · 56.5% of spending went to programs
- Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $621K in reported program spending
- Leadership: top reported pay $123K · 16 people listed
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 9 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 — Transparency & Controls: Grant itemization coverage scored 25/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.