Project Philanthropy

Nonprofit profile at a glance

EIN
204862885
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Bozeman, MT, USA
Phone
4065850688
Rating
44
Verdict
MIXED
Rating confidence
Standard
Sector
Philanthropy, Charity, Voluntarism Promotion

Official website

Reported finances

Revenue
$476,358
Expenses
$393,576
Assets
$637,790
Liabilities
$14,257

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Virginia Babcock (President/Treas)

Highest reported compensation

  • Virginia Babcock (President/Treas): $69,669 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide financial aid and support through contributions, grants and other forms of financial assistance to organizations organized and operated exclusively for religious, charitable, scientific, literary and educational purposes.

What it reported doing in 2015

Making of gifts, grants and contributions to a variety of tax exempt organizations described in Section 501(c)(3) of the Internal Revenue Code whose mission is to promote human, social and community welfare, education, medical and scientific research, literature and the arts.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 85
  • Accountability: 16
  • Sustainability: 61
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.5%; rating input score 8
  • Program expense ratio: 40.2%; rating input score 40
  • Fundraising efficiency: $59.48 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 58.8%; rating input score 59; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.4%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 1.62; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 17.7%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -62.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -4.2% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 37.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 8.5% of revenue deployed · 40.2% of spending went to programs
  • Governance: 0 of 2 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $158K in reported program spending
  • Leadership: top reported pay $70K · 6 people listed
  • Highest-paid contractors: 2 contractors listed · $1M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 7 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 — Financial Efficiency: Mission deployment rate scored 8/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 40/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Transparency & Controls: Grant itemization coverage scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.