Our Children Their Future Foundation
Nonprofit profile at a glance
- EIN
- 260232888
- IRS 990-EZ coverage
- 2013–2014
- Forms available
- Form 990-EZ 2014
- Location
- Marina Del Rey, CA, USA
- Phone
- 2133219690
- Rating confidence
- Limited
- Sector
- Community Foundations
Reported finances
- Revenue
- $-5,434
- Expenses
- $33,582
- Assets
- $5
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- NICOLE KELLERER (President)
People named in this filing
- NICOLE KELLERER (President)
- BARBARA MAURUS-KELLERER (Treasurer)
- ELLEN NEU (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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Board discussed the current mission and operations of the Foundation in providing an equine therapy program to disabled children. The Board discussed that since working with these programs the directors have realized how much insurance, other expenses and volunteers are needed to run an equine therapy program. In addition, the Board discussed that there are two well established facilities in the area offering equine therapy programs and the need for an additional facility is limited. The Board further discussed, that the equine therapy programs can use only horses which are specifically trained for such purpose and that these horses are in short supply. Consequently, the Board determined that it is in the best interest of the Foundation to CHANGE IT'S MISSION AND OPERATIONS from operating an equine therapy program for disabled children to operating a horse rescue that will train and rehabilitate horses for such programs. The Foundation will donate, sell, or lease such horses, as de
What it reported doing in 2014
The Board discussed the current mission and operations of the Foundation in providing an equine therapy program to disabled children. The Board discussed that since working with these programs the directors have realized how much insurance, other expenses and volunteers are needed to run an equine therapy program. In addition, the Board discussed that there are two well established facilities in the area offering equine therapy programs and the need for an additional facility is limited. The Board further discussed, that the equine therapy programs can use only horses which are specifically trained for such purpose and that these horses are in short supply. Consequently, the Board determined that it is in the best interest of the Foundation to CHANGE IT'S MISSION AND OPERATIONS from operating an equine therapy program for disabled children to operating a horse rescue that will train and rehabilitate horses for such programs. The Foundation will donate, sell, or lease such horses, as determined appropriate by the Board, to other organizations to be used for their equine therapy programs. Board will discuss if horses are not trainable for our Foundation they will be sold or given away.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 9
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 99.7%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -718%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -105.1% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: Limited
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 99.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2013 to 2014
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.