Mizzen Education Inc

Nonprofit profile at a glance

EIN
882385911
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Marina Del Rey, CA, USA
Phone
4243229150
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$2,327,319
Expenses
$2,178,147
Assets
$3,164,502
Liabilities
$196,676

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Carlos Santini (President & CEO)

Highest reported compensation

  • Carlos Santini (President & CEO): $291,445 total reported compensation
  • Angelina Garner (VP of Strategic Partnerships): $179,498 total reported compensation
  • Alexander Jergensen (Head of Product): $173,742 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mizzen partners with the out-of-school time field to design experiences that spark curiosity, cultivate joy, and inspire a love of learning among children and youth.

What it reported doing in 2024

Educator Training + Development: A key element of Mizzen Education's mission has been its ability to equip youth development professionals to deliver high-quality learning experiences through a series of professional development experiences (virtually and in-person). This has accelerated the organization's growth, engagement, and brand awareness. These efforts have been promoted via activations and digital marketing and communication campaigns. The program expands Mizzen's standing as an innovative education organization through initiatives such as Mizzen's Beyond the Booth campaign (designing and curating of learning spaces), Mizzen Meets (an ongoing zoom webinar series promoting youth development experts in the field), and industry keynoting and conference presentations, town halls and expert speaker panels. Mizzen's Professional Development added 5,677 new educators to our free platform in 2024 through workshops, conventions and conferences which resulted in a total of 22,500 educators nationwide benefiting from our content. This included significant growth in several states, with some seeing increases of over 1,000% compared to FY 2023. In total, 13 states experienced growth of 100% or more, while another 13 saw increases ranging from 33% to 90% over the course of the year. In 2023-2024, we partnered with the 50 State Afterschool Network to broaden the reach and impact of out-of-school time programs for youth. Together, we brought transformative experiences to educators in 27 states.

Operating model

Revenue model
Donor-supported. 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 89
  • Accountability: 95
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.4%; rating input score 75
  • Program expense ratio: 80.5%; rating input score 81
  • Fundraising efficiency: $12.9 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.4%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.45; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 36.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 148.4% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -35.6% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 75.4% of revenue deployed · 80.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $291K · 11 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $254K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.