Karma Honey Project
Nonprofit profile at a glance
- EIN
- 833290066
- IRS 990-EZ coverage
- 2019–2019
- Forms available
- Form 990-EZ 2019
- Location
- Miami, FL, USA
- Phone
- 3059168468
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $199,011
- Expenses
- $44,215
- Assets
- $154,796
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Candice Galek (President)
People named in this filing
- Candice Galek (President)
- Carolyn Solowsky (Secretary)
- Pep Menendez (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Spread the awareness of bees and pollination
What it reported doing in 2019
Karma Honey Project serves to spread awareness of the importance of bees and other pollinators. They also encourage the protection of Puerto Ricos bees.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and the available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Sustainability: 81
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.1%; rating input score 19
- Program expense ratio: 85.9%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 77.8%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 3.5; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 19.1% of revenue deployed · 85.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- 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 19/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.