Material Innovation Institute
Nonprofit profile at a glance
- EIN
- 843847333
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Napa, CA, USA
- Phone
- 9292428512
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Pollution Abatement and Control Services
Reported finances
- Revenue
- $231,821
- Expenses
- $734,725
- Assets
- $378,523
- Liabilities
- $4,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JACQUELINE KRAVETTE (PRESIDENT)
- NICOLE RAWLING (CHIEF EXECUTIVE OFFICER (THRU JULY))
Highest reported compensation
- NICOLE RAWLING (CHIEF EXECUTIVE OFFICER (THRU JULY)): $82,609 total reported compensation
- CORTNEY BUSCH (CHIEF OPERATING OFFICER (BEG JULY)): $51,957 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To accelerate the availability of high-quality, high-performance, animal-free, and environmentally preferred materials.
What it reported doing in 2024
Material innovation institute (mii) works to identify and assist companies and technologies in building and improving materials that can replace animal-derived materials (e.g., leather, reptile skin, etc.) in the fashion, automotive, and home goods industries. Mii also works to identify potential relationships between investors and companies and technology in order to obtain the funding necessary to make animal-alternative materials more accessible and engages in contracts with brands to assist in increasing their alternative material cache and addressing how the materials can be used. Mii's communications department educates companies and individuals in the fashion, home goods, and automotive industries, as well as educating the public.
Operating model
- Revenue model
- Donor-supported. 96% 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 - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 55
- Accountability: 86
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 54%; rating input score 54
- Fundraising efficiency: $1.62 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -216.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: -7.7% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 54% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $397K in reported program spending
- Leadership: top reported pay $83K · 9 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors and foreign activity
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.