Seven Fund Inc
Nonprofit profile at a glance
- EIN
- 208981997
- IRS 990-EZ coverage
- 2011–2011
- Forms available
- Form 990 2009, Form 990-EZ 2011
- Location
- Somerville, MA, USA
- Phone
- 6173313071
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $49,018
- Expenses
- $2,319,862
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
3 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To catalyze, support and disseminate research on questions of economic development, prosperity and entrepreneurship, particularly new frontiers and innovative ideas in enterprise based solutions to poverty unlikely to be supported by conventional funding sources.
What it reported doing in 2011
John templeton foundation: building linkageskey program achievements of the jtf building linkages grant include identifying and funding several key pieces of original enterprise based solutions to poverty original research and thought leadership; funding the establishment of an entrepreneurship center; dissemination of previous results and key thought leadership through participation in conferences, other speaking engagements, articles, and op-eds; and publication of the books in the river they swim and the pope & the ceo.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.5%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4,632.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -98.4% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -100% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $218K · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Money network: 12 filed money-flow records
- Related organizations: 6 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.