Mmds Foundation Inc

Nonprofit profile at a glance

EIN
462017485
IRS 990-EZ coverage
2013–2019
Forms available
Form 990-EZ 2019
Location
Redwood City, CA, USA
Phone
6508624714
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Science and Technology N.E.C.

Reported finances

Revenue
$34
Expenses
$3,612
Assets
$13,113
Liabilities
$25,080

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MICHAEL MAHONEY (PRESIDENT)

People named in this filing

  • MICHAEL MAHONEY (PRESIDENT)
  • ALEXANDER SHKOLNIK (TREASURER)
  • PETROS DRINEAS (SECRETARY)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mmds foundation inc. Is a nonprofit corporation organized and operated exclusively for charitable purposes, specifically to hold an academic conference/workshop on algorithms for modern massive data sets (mmds) which brings together computer scientists, computational and applied mathematicians, statisticians, and practitioners.

What it reported doing in 2019

Mmds foundation will hold an academic conference (once every 2 years) on the topic of algorithms for modern massive data sets (mmds). This meeting will bring together computer scientists, statisticians, mathematicians, and data analysis practitioners from academia, government, and industry. The meeting includes a week of talks from experts in academia and industry as well as workshop tutorials and poster presentations. Materials will then be archived for public access on the web at http://mmds-data.org.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 44.6%; rating input score 45

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -10,523.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.63; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 1.91; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -29.4% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -45.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -7.7% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 44.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2013 to 2019
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.