Isles Community Enterprises Corp
Nonprofit profile at a glance
- EIN
- 262483265
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- Trenton, NJ, USA
- Phone
- 6093414700
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $11,257
- Expenses
- $36,351
- Assets
- $835,067
- Liabilities
- $1,009,556
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- SEAN JACKSON (CHIEF EXECUTIVE OFFICER/EX)
Highest reported compensation
- SEAN JACKSON (CHIEF EXECUTIVE OFFICER/EX): $149,395 total reported compensation
- PETER ROSE (MANAGING DIRECTOR): $120,819 total reported compensation
- LAURA FENSTER ROTHSCHILD (MANAGING DIRECTOR): $113,160 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides a unique range of financial and educational services to meet the needs and interests of low-wealth individuals and communities.
Operating model
- Revenue model
- Earned-program. 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 37
- Sustainability: 31
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -222.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 22.97; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 1.21; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 203.8%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -11.6% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $36K in reported program spending
- Leadership: top reported pay $149K · 8 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.