Nexus Alliance Inc

Nonprofit profile at a glance

EIN
264430523
IRS 990-EZ coverage
2010–2010
Forms available
Form 990-EZ 2010
Location
Medford, MA, USA
Phone
6469576881
Rating
62
Verdict
SUPPORTED
Rating confidence
Limited
Sector
Men's Service Clubs

Official website

Reported finances

Revenue
$40,544
Expenses
$37,867
Assets
$21,792

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

Leadership & pay

12 people listed

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

Overview

Mission

The mission of nexus alliance is to use its network to have a sustainable impact on its membership and the community as a whole. The nexus membership base is a network of professional men of color, ranging from new entrants into the labor market to seasoned professionals in top positions in their fields. Nexus accomplishes these goals through cross-generational mentoring within its membership, outreach events to the community, such as a college awareness night, and volunteer efforts to the larger community, which in the past year included a mothers day celebration, an event providing food for thanksgiving dinner as well as access to local community services, and volunteer work at other established non-profits.

What it reported doing in 2010

In the current year, nexus alliance provided cross-generational mentoring within its membership, and began planning for a larger mentorship programs where its membership reaches out to professionals outside of the group to provide career mentoring. Additionally, nexus alliance hosted a mothers day event honoring mothers of members and the greater community, attended by 400 people, a thanksgiving food give away, where thousands of food items were provided to families in need as well as providing access to local services, and teamed up with other non-profits to provide volunteer hours for their efforts. The organization hosted two college awareness nights, drawing 80 high school students to discuss education options.

Operating model

Revenue model
Donor-supported. 85% 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 - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 82
  • Sustainability: 39
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.1%; rating input score 52
  • Program expense ratio: 55.7%; rating input score 56

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 6.6%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

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

Details

  • Where the money goes: 52.1% of revenue deployed · 55.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 7 of 7 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.

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

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.