Military Interstate Childrens Compact Commission

Nonprofit profile at a glance

EIN
300541229
IRS 990 coverage
2010–2010
Forms available
Form 990 2010, Form 990-EZ 2009
Location
Lexington, KY, USA
Phone
8592448000
Rating confidence
Limited
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$504,060
Expenses
$385,240
Assets
$401,181
Liabilities
$109,477

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

7 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To replace the widely varying policies affecting the transitioning of military students. By leveraging consistency, it uses a comprehensive approach that provides a consistent policy in every school district and in every state that chooses to join. The compact addresses key educational transition issues encountered by military familities including enrollment, placement, attendance, eligibility and graduation. Children of active duty members of the uniformed services, National Guard and Reserve on active duty orders and members or veterans who are medically discharged or retired for one year are eligible for assistance under the compact.

What it reported doing in 2010

During the year, the Military Interstate Children's Compact Commission (MIC3) has expanded operation support to 39 member states. The Commission had a productive annual meeting in November 2010 in San Antonio, Texas. The meeting resulted in frank discussions addressing issues that the commissioners face in their respective states. A strategic plan was developed to direct to efforts of the commission toward the completion of established goals. New commissioners were briefed on matters relating to their roles and duties. This included interfacing with the National Office to solve problems relative to the transition of military dependent children from one school to another. The Commission has continued to grow and evolve. Numerous issues have been resolved relative to the organization's mission with the guidance of the executive committee and the general counsel. New training and informational materials have been developed to inform and promote the resolving of education transition issues for military families.

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 23.6%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.04; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 26.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 44.3% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $254K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 2 filed schedules
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.