Omosaze Inc

Nonprofit profile at a glance

EIN
582454779
IRS 990-EZ coverage
2010–2015
Forms available
Form 990-EZ 2015
Location
Smyrna, GA, USA
Phone
7707396786
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development – Religious Leadership

Official website

Reported finances

Revenue
$66,605
Expenses
$121,749
Assets
$64,340
Liabilities
$542

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

Leadership & pay

5 people listed

People named in this filing

  • Leon Scott (Vice Chairman)
  • Melissa Rutherford (Chairman)
  • H Verwray Scott (Secretary)

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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Omosaze provides literacy instruction to low-income, early elementary students at Reading Saturday. Certified teachers deliver instruction on reading fundamentals and testing to measure progress. The program also emphasizes writing, a critical tool for demonstrating knowledge and understanding of text. Trained volunteers serve as mentors and adult friends who work one-on-one to help children read and respond to literature. Omosaze's unique program nurtures lifelong reading and academic success.

What it reported doing in 2015

Reading Saturday provided curriculum-based, small-group reading instruction to approximately 80 low-income, underperforming 1st-3rd grade students from seven Cobb County and Marietta City elementary schools.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.3%; rating input score 93
  • Program expense ratio: 66.4%; rating input score 66

Transparency & Controls

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

Sustainability

  • Operating margin: -82.8%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: -11.2% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: -8.1% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 93.3% of revenue deployed · 66.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $81K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.