Material Change Institute

Nonprofit profile at a glance

EIN
861304026
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Berkeley, CA, USA
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Graduate, Professional Schools (Separate Entities)

Reported finances

Revenue
$158,373
Expenses
$164,583
Assets
$16,340

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Eve Blossom (President & CEO)
  • Victor Reinoso (Vice President)

People named in this filing

  • Eve Blossom (President & CEO)
  • Sarah Brooks (Secretary)
  • Nathan Shedroff (Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Enabling business individuals to excel as investment professionals by providing an integrated digital platform with asynchronous learning modules, virtual live learning sessions, three yearly in-person events and an eco-system that educates, mentors, prepares and connects domain expert, investment professionals for decision-making roles.

What it reported doing in 2024

Enabling broad business individuals to excel as investment professionals by providing:1) Integrated digital platform with asynchronous learning modules2) Virtual live learning sessions and three yearly in person events3) An eco-system that educates, mentors, prepares and connects domain investment professionals for decision making roles. Number of persons benefited from these programs equals 2,950.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 - 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: 70
  • Transparency & Controls: 82
  • Sustainability: 16
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.6%; rating input score 71
  • Program expense ratio: 67.9%; rating input score 68

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -3.9%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 35.2%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 30.9% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -31.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 70.6% of revenue deployed · 67.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $112K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.