Side by Side Va Inc

Nonprofit profile at a glance

EIN
541572424
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Richmond, VA, USA
Phone
8046444800
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Centers, Clubs

Official website

Reported finances

Revenue
$613,716
Expenses
$474,196
Assets
$319,872
Liabilities
$26,947

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • MARQUIS MAPP (EXECUTIVE DI): $82,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Side by side ensures Virginia's lesbian, gay, bisexual, transgender, and questioning youth an equal opportunity for success through access to support, education, and advocacy. Side by side continues to be the only organization in the area that directly addresses the unique needs and the healthy social development of lgbtq youth ages 11-20. The organization offers weekly youth support groups, a 24/7 toll-free youth support hotline, educational resources, youth leadership initiatives, and a safe place where all youth are encouraged to value the diverse individuals who make our community a dynamic, exceptional place. Through the institute for equality, side by side offers professional education and training to help youth and family service professionals effectively assess and respond to the needs of lgbtq youth in a safe and supportive manner.

What it reported doing in 2024

The core of side by side's youth support programs is the weekly adult- facilitated support groups in both richmond and charlottesville. The youth support program is based on the 40 developmental assets for adolescents developed by the search institute as building blocks that engage youth in building successful strategies for healthy maturation and social development. Interested youth can also participate in the youth engaged in leadership (yel) program. The curriculum for this nine month program complements the support groups and helps youth acquire specific leadership skills through hands on projects. For example, the group learns project management skills by actually planning and executing all aspects of side by side's annual alternative prom. In addition to the prom, side by side provides social community building activities throughout the year including a summer cookout and holiday party. Side by side also serves as a youth center, providing a safe place for youth. This includes study hours, games, a library, and many other opportunities for youth to enjoy a space where they are accepted for who they are. Side by side's 24/7 youth support line and social networking provide resources to young people statewide. The youth support line is one of the few places lgbtq youth can reach out for support. Calls range from youth just needing a sympathetic ear, to youth contemplating suicide to calls for assistance with emergency housing for homeless lgbtq youth. Parents, teachers and service providers also use the hotline when seeking information and resources. Side by side's long experience in working with richmond's lgbtq at-risk youth evidenced the need to raise awareness among and improve the service offered by youth service providers throughout Virginia. In 2008 side by side launched the institute for equality to train youth service providers including teachers, social workers, counselors, mental health professionals and others to address the unique needs of lgbtq youth.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 54
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $1,410.56 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.7%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 17.4%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 9.7% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.8% of spending went to programs
  • Governance: 10 of 11 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $426K in reported program spending
  • Leadership: top reported pay $82K · 11 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.