Iugb Foundation Inc
Nonprofit profile at a glance
- EIN
- 461285273
- IRS 990 coverage
- 2013–2020
- Forms available
- Form 990 2020
- Location
- Atlanta, GA, USA
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- International Development
Reported finances
- Revenue
- $256,512
- Expenses
- $284,661
- Assets
- $81,967
- Liabilities
- $29,645
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- AMINI KAJUNJU (EXECUTIVE DIRECTOR)
People named in this filing
- WILLIAM I GARNER (BOARD MEMBER)
- WILLIAM E FITZGIBBON III (CHAIRMAN)
- FRED MCGHEE (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization raises funds for scholarships; fellowships; funding for studying abroad, international exchange and tours; technology enhanced learning supplies and offerings; and grants and stipends to students and faculty at iugb for research and other academic activities.
What it reported doing in 2020
The organization raises funds for scholarships; fellowships; funding for studying abroad, international exchange and tours; technology enhanced learning supplies and offerings; and grants and stipends to students and faculty at iugb for research and other academic activities.additionally, the organization provides professional development opportunities to iugb alumni living in the USA. The organization also serves as an advisor to the university on matters related to thought leadership, academic innovation, accreditation and the financing and construction of a new campus. Finally, the organization organizes and participates in events and markets iugb in the USA and globally serving as an additional pr arm of the university.
Operating model
- Revenue model
- Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
- 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 most voting board members are independent. 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: 16
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17.7%; rating input score 18
- Program expense ratio: 16%; rating input score 16
- Fundraising efficiency: $2.21 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
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: 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: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 9.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: -25.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 17.7% of revenue deployed · 16% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $45K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2013 to 2020
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 18/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.