Joshua Venture Philanthropies Inc

Nonprofit profile at a glance

EIN
331072448
IRS 990 coverage
2011–2016
Forms available
Form 990 2016
Location
New York, NY, USA
Phone
2122846932
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Philanthropy, Charity, Voluntarism Promotion
Affiliation
Judaism

Official website

Reported finances

Revenue
$409,451
Expenses
$834,288
Assets
$331,716
Liabilities
$27,652

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

13 people listed

Highest reported compensation

  • Lisa Lepson (Executive Direc): $158,593 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To reinvigorate and expand the Jewish community by cultivating the leadership and management capability of talented passionate young Jewish social entrepreneurs and investing in their visions and the growth of healthy, sustainable organizations.

What it reported doing in 2016

Accomplishments of the Dual Investment Program Joshua Venture Group (JVG) invites the next generation of Jewish social entrepreneurs to the communal table to achieve their visions for social impact. Through our intensive two-year Dual Investment Program, these emerging leaders gain the skills, resources, and exposure to enable them to grow and sustain their ventures, as well as to complement the existing mainstream Jewish infrastructure. The Dual Investment Program provides Fellows with the following resources: Early-stage capital: Each Fellow receives $30,000/year for two years to start up or scale their venture. A social entrepreneur toolkit: Individual coaching and semi-annual retreats help Fellows obtain the skills necessary to build sustainability and scalability. This includes additional $14,000 in stipends over the 2 years.Access to professional and communal networks: Affiliation with Joshua Venture Group and its community will connect Fellows with key players in the social entrepreneurial and Jewish worlds.Increased exposure of their ventures: Recognition as a Fellow confers legitimacy upon emerging leaders and their ventures, as well as provides a vehicle through which to amplify their work.JVG also provides resources for alumni of our program and other entrepreneurial leaders, particularly through our Collaboratory Gathering a convening of 140 innovative emerging leaders for professional and network development. Through our constituents efforts in social and environmental justice, community building, spirituality, education and the arts, they are leading a vibrant regeneration of our cultural and religious heritage.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 80
  • Accountability: 95
  • Sustainability: 14
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: $18.62 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 57.2%; rating input score 57; 40th 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -103.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 18.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -20.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $665K in reported program spending
  • Leadership: top reported pay $159K · 13 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2011 to 2016
  • 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.

Key Signals

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

  • Review — Transparency & Controls: Grant itemization coverage scored 57/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.