Palm Beach International Agricultural Summit Inc

Nonprofit profile at a glance

EIN
810814385
IRS 990 coverage
2016–2016
Forms available
Form 990 2016
Location
West Palm Beach, FL, USA
Phone
5613461239
Rating confidence
Limited
Sector
International Agricultural Development

Official website

Reported finances

Revenue
$0
Expenses
$26,648
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • ELLEN PERRY MARSHALL (SECRETARY): $1,437 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing a one-day forum presented by diverse stakeholders in palm beach county's business community to educate the public about modern agriculture in the county and state, and its foundational role in advancing our quality of life and driving local, regional, national and global communities.

What it reported doing in 2016

Planning and hosting the palm beach international agricultural summit (the "summit") - the summit provided a forum for palm beach county, Florida stakeholders to come together to learn about the business of modern agriculture and its role in the local economy. The summit identified and develped opportunities for local agriculture, encouraged and promoted networking opportunities between agriculture and non-agriculture businesses, publicized the benefits of a strong local agricultural industry, researched a detailed economic study focused on the impact of the local agricultural induatry on local business and quality-of-life, and brought together various stakeholders and innovators to develop new ways for palm beach county to be at the forefront of work toward new solutions or approaches to eliminate or reduce food supply, distribution, and nutrition issues. A follow-up from the summit continued to spread the messages and information developed and obtained at the summit. Balance of funds not used during the summit were then donated to local charities.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: 0
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 3
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.4%; rating input score 20; 20th percentile among comparable filings

Growth

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

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $1K · 5 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 1 filing year from 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.