Katalysis Bootstrap Fund

Nonprofit profile at a glance

EIN
311668289
IRS 990-EZ coverage
2011–2012
Forms available
Form 990-EZ 2012
Location
Lodi, CA, USA
Phone
3077525744
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Business and Industry

Reported finances

Revenue
$8,729
Expenses
$217,572
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

8 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist low income individuals in gaining self-reliance through improvement of their economic, social and environmental conditions.

What it reported doing in 2012

The organizaton entered into a service agreement with katalysis network (the network), a non profit service organization based in central america whose mission is to assist organizations such as katalysis bootstrap fund provide effective and efficient financial services to the central american population without access to traditional funding sources, contribute to the development of the micrpfinance industry in he region and the social and economic betterment of their communities. In 2009, the organization entered into a service agreement with the network which provided, among other things, that the network would assist in servicing and collecting the organizations remaining loans, and upon the dissolution of the organization, the network would receive any remaining assets, subject to various conditions. The network submitted a claim in the organizations dissolution proceeding, asserting various claims against the organization under the services agreement and otherwise. Effective february 14, 2013, the network and the organization entered into a settlement agreement and mutual general release (network settlement agreement) in order to resolve all issues and disputes between them, including but not limited to the networks claim in the dissolution. The network settlement agreement was contingent on the organization receiving a waiver of objections from the California attorney general registry of charitable trusts (rct). The organization corresponded with the rct about its dissolution, the network claim, and the proposed terms of the network settlement agreement, and the rct subsequently granted the requested waiver. After the waiver was granted, the organization and the network entered into the network settlement agreement and completed this transaction

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 95% 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

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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 1
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.2%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2,392.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 191.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -161.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $194K in reported program spending
  • Leadership: top reported pay $18K · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2011 to 2012
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.