Npi Dba the Collaboratory of Virginia

Nonprofit profile at a glance

EIN
842339862
IRS 990-EZ coverage
2021–2021
Forms available
Form 990-EZ 2021, Form 990-N 2020
Location
Richmond, VA, USA
Phone
8043015238
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Vocational Counseling

Reported finances

Revenue
$67,366
Expenses
$70,193
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • ANDREW PEGALIS (CO-CHAIR)
  • ADRIENNE WRIGHT (CO-CHAIR)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create a place of community for area nonprofits

What it reported doing in 2021

The thrive accelerator program provides an opportunity for 10-15 regional nonprofits to identify current challenges and obstacles and develop a plan to be implemented during and after the program. Participating organizations spend concentrated time each week for 8-10 weeks walking through best practices in all areas of nonprofit operation with an emphasis on current issues such as surviving a pandemic, social justice, etc. Each session is led by curated experts. Participants commit to attend each session with up to 5 participants that must include the executive director at least one board member. They work through each session collectively and in breakout groups with the help of a mentor. The culminating event is called thrive: demo day, at which participants present their organization and the challenge they came to solve to an audience of funders, constituents and the general public. Upon successful completion of the program, participants receive micro-grants to be used toward implementing the plan they developed in thrive.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

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

Sustainability

  • Operating margin: -4.2%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

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

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $70K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • 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.

  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.