Neat Stuff Inc

Nonprofit profile at a glance

EIN
650746714
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Miami, FL, USA
Phone
3056385878
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Neighborhood Centers

Official website

Reported finances

Revenue
$961,327
Expenses
$949,838
Assets
$1,597,238
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Alvaro A Niebles (President)
  • Matthew Roth (Vice President)
  • Jennifer Valero Ruiz (Vice President)
  • Lourdes Santos (Executive Director)

Highest reported compensation

  • Lourdes Santos (Executive Director): $83,077 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing new clothing and accessories to abused, neglected and other at risk children.

What it reported doing in 2015

The agency distributed approximately 505,660 worth of new clothing and accessories to 1,982 children.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
  • 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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 93
  • Accountability: 90
  • Sustainability: 54
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.7%; rating input score 90
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: $27.65 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

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: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 1.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 1.68; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: -13% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 89.7% of revenue deployed · 90.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $863K in reported program spending
  • Leadership: top reported pay $83K · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes grants
  • Filing history: 5 filing years from 2011 to 2015
  • 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.