Klmd

Nonprofit profile at a glance

EIN
472615255
IRS 990-PF coverage
2015–2016
Forms available
Form 990-PF 2016
Location
Napa, CA, USA
Phone
7072267600
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$-69,571
Expenses
$1,242,021

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

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2016

The foundation reported 2 grants totaling $1,180,209. The stated grant purposes included the hopewell fund specializes in helping social entrepreneurs and other changemakers quickly launch new, innovative social change projects. hopewell is designed to facilitate rapid and efficient launches of well-resourced projects with diverse revenue and funding models, including charitable contributions and investments. many of hopewell's projects employ bold and often unconventional tactics and strategies to achieve the impact they seek. hopewell is managed by a team with experience in starting up innovative organizations. they provide streamlined operations and financial support and compliance oversight to minimize administrative burdens for project donors and staff. and make great ideas accessible and spark conversation. everything we do -- from our ted talks videos to the projects sparked by the ted prize, from the global tedx community to the ted-ed lesson series -- is driven by this goal.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

MIXED - The filed numbers largely add up and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the available information about grant readiness state registration leaves an important question unanswered.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 95
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 4

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 95%; rating input score 95; 74th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 8; rating input score 100

Endowment Health

  • Endowment-health comparison: 0; rating input score 4; 4th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 4th percentile for endowment coverage
  • Consistency: 8 of 8 current checks pass
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Money network: 4 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.

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 — Endowment Health: Endowment-health comparison scored 4/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.