Noiz Ivy Inc
Nonprofit profile at a glance
- EIN
- 522330471
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014, Form 990-N 2012
- Location
- Manorville, NY, USA
- Phone
- 5409998729
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $2,355,771
- Expenses
- $1,859,548
- Assets
- $7,037,365
- Liabilities
- $1,177,592
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DEVON LOFFRETO (PRESIDENT)
Highest reported compensation
- DEVON LOFFRETO (PRESIDENT): $61,617 total reported compensation
- MELORA LOFFRETO (TREASURER/SECRETARY): $61,572 total reported compensation
- ZHEN LOFFRETO (INTERIM CHAIRMAN): $35,417 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To empower science, technology, engineering, arts and mathematics education and entrepreneurial learning within local communities using technology and peer-to-peer exchange models. The goal of the organization is to expand access to the development of new products, services and educational programs, and it is active at the junction of open source and personal opportunity, helping people understand the impact that data-tools can have on people's lives.
What it reported doing in 2024
Noiz ivy inc. Reaches over 50,000 students (aged 7-17) with entrepreneurial ed-tech programs in Virginia and New York in schools, public libraries and at universities. These programs consisted of a combination of coding and making games, websites, apps, virtual reality and robotics with technology classes, events and software.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% 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
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 70
- Accountability: 9
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.5%; rating input score 71
- Program expense ratio: 87.7%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 36.9%; rating input score 37; 14th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 21.1%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 3.78; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 20.1% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 28.5% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 71.5% of revenue deployed · 87.7% of spending went to programs
- Governance: 0 of 3 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $62K · 3 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Moderate — Transparency & Controls: Grant itemization coverage scored 37/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.