Sankofa Network Inc
Nonprofit profile at a glance
- EIN
- 233080393
- IRS 990 coverage
- 2009–2009
- Forms available
- Form 990 2009
- Location
- Philadelphia, PA, USA
- Rating confidence
- Limited
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $680,144
- Expenses
- $739,343
- Assets
- $8,998,617
- Liabilities
- $9,510,689
Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
3 people listed
Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To own and lease school facilities to not-for profit school
What it reported doing in 2009
Organization leases property Imhotep Institute Charter High School, A not-for-profit entity formed under 501(C) (3) ID# 23-2961661
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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: NotEnoughData
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 48
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th 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 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.7%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 12.17; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 1.06; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $739K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.