Karamu Nutrition Program Inc
Nonprofit profile at a glance
- EIN
- 621510796
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9013278401
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $10,013,611
- Expenses
- $9,943,525
- Assets
- $1,309,761
- Liabilities
- $931,654
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DR VERA CORLEY-SIMS (EXECUTIVE DIRECTOR)
- TONY L CORLEY (PRESIDENT)
Highest reported compensation
- DR VERA CORLEY-SIMS (EXECUTIVE DIRECTOR): $103,249 total reported compensation
- TYWANA SEWARD-CORLEY (SECRETARY): $64,214 total reported compensation
- TONY L CORLEY (PRESIDENT): $57,141 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide low cost, high quality services to Tennessee's childcare providers and the children and families they serve, and sponsorship to usda's child and adult care food program which provides nutritious foods contributing to the wellness, healthy growth, and development of young children.
What it reported doing in 2024
Child and adult care food program.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.7%; rating input score 97
- Program expense ratio: 97.4%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 96.7% of revenue deployed · 97.4% of spending went to programs
- Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.7M in reported program spending
- Leadership: top reported pay $103K · 7 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.