Nanban Foundation

Nonprofit profile at a glance

EIN
851976507
IRS 990 coverage
2022–2022
Forms available
Form 990 2022, Form 990-PF 2020
Location
Frisco, TX, USA
Phone
9729031037
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$402,478
Expenses
$324,233
Assets
$129,033
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • VIDHYA RASU (BOARD MANAGE)
  • HEMA KRISHNAN (TRUSTEE AND)
  • PREETI GURUNATHAN (BOARD MANAGE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nanban foundation strives to provide free, high-quality financial education for all. The organization functions with the support of volunteers united by one common goal: knowledge sharing. Embracing online education, we invite people of all backgrounds to attend our free quarterly webinars in order to learn gk level-1 and level-2 comprehensive investment strategies. Equipped with these tools, students can begin their journey toward financial freedom. Besides financial education, nanban foundation serves others through service projects focused on improving the living conditions of underprivileged communities in both india and the us. The foundation is committed to providing more than basic necessities, establishing community kitchens and skills-based workshops to ensure long-term growth and prosperity in the areas we conduct our work. In addition, it provides timely aid in the face of unprecedented calamities, such as the covid-19 pandemic and cyclone nivar. With the help of over a thou

What it reported doing in 2022

Nanban foundation strives to provide free, high-quality financial education for all. The organization functions with the support of volunteers united by one common goal: knowledge sharing. Embracing online education, we invite people of all backgrounds to attend our free quarterly webinars in order to learn gk level-1 and level-2 comprehensive investment strategies. Equipped with these tools, students can begin their journey toward financial freedom. Besides financial education, nanban foundation serves others through service projects focused on improving the living conditions of underprivileged communities in both india and the us. The foundation is committed to providing more than basic necessities, establishing community kitchens and skills-based workshops to ensure long-term growth and prosperity in the areas we conduct our work. In addition, it provides timely aid in the face of unprecedented calamities, such as the covid-19 pandemic and cyclone nivar. With the help of over a thousand dedicated volunteers working tirelessly on the ground, the foundation aims to effect lasting change. The foundation's work is primarily devoted to tackling issues in the following areas: covid-19 & hunger relief women empowerment rural empowerment: techno initiatives biodiversity conservation: green india education

Operating model

Revenue model
Donor-supported. 100% 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 the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 58
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 19.4%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 80.6% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $324K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 9 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 — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.