Larraine Segil Scholars Foundation
Nonprofit profile at a glance
- EIN
- 822598470
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Los Angeles, CA, USA
- Phone
- 3105521600
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $1,274,936
- Expenses
- $570,504
- Assets
- $3,262,765
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- LARRAINE D SEGIL (Chairman)
- STEPHANIE ANDERSON (Director)
- LAUREN HOWARD (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Larraine segil scholars foundation has been established to provide mentoring to exceptional women in order to encourage their education and growth so that they may reach their full potential and, in so doing, positively impact their communities and inspire future generations of women and girls to do the same.
What it reported doing in 2024
Each year, larraine segil scholars foundation hopes to select 20 or more women as larraine segil scholar awardees (the "awardees"). Awardees will be selected from women who defy societal expectations, walk the road less traveled, may be square pegs trying to fit round holes, and live a life of integrity. They will be nominated by community organizations, such as black women who code and the east los angeles community foundation. Each awardee will be paired with a larraine segil scholar (a "scholar"), who will mentor her awardee during one-year period. A commitee of scholars will select each year's awardees.the scholars are former recipients of larraine segil scholarships. These are scholarships awarded to women students by three different educational institutions. The scholarship program is independent of and unaffiliated with the applicant other than the fact the larraine segil scholars must make a commitment to mentor other women.during the course of their award year, each awardee will participate in one or more 30-minute video calls per month with her mentor and partake in four educational sessions focusing on such topics as career opportunities, developing and tracking career goals, achieving their full potential, and supporting other women to do the same. She also will receive ongoing mentoring from larraine segil during larraine's lifetime.in exchange for their commitment to participate in and benefit from the applicant's mentoring and educational programs, awardees will also be asked to "pay it forward" to future awardees as alumnae of the program.
Operating model
- Revenue model
- Donor-supported. 94% 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 92
- Accountability: 12
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.5%; rating input score 25
- Program expense ratio: 44.8%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 55.3%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 5.72; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 25.6% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 28.6% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 37.3% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 25.5% of revenue deployed · 44.8% of spending went to programs
- Governance: 0 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $256K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- High — Accountability: Governance controls: 4 of 6 not reported.