Sistahs in Business Foundation a Nj Nonprofit Organization
Nonprofit profile at a glance
- EIN
- 833012919
- IRS 990 coverage
- 2023–2023
- Forms available
- Form 990 2023, Form 990-EZ 2021, Form 990-N 2022
- Location
- Atlanta, GA, USA
- Phone
- 9177532600
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $250,000
- Expenses
- $248,573
- Assets
- $1,427
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- AISHA TAYLOR ISSAH (FOUNDER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As the dynamic 501c3 arm of the renowned sistahs in business expo, we are dedicated to creating a world where every sistahs dreams for entrepreneurship can flourish. Our mission is simple but powerful: to provide training, grants, and resources to visionary women of color who are ready to build on their entrepreneurial spirit. At the heart of our foundation lies the sistahs in business university, a hub of knowledge and empowerment. Here, our sistahpreneurs gain access to invaluable educational programs, mentorship, and workshops that equip them with the tools needed to succeed in business and beyond. We believe in investing in the brilliance of black women and providing them with the skills and confidence to break barriers and shatter glass ceilings.
What it reported doing in 2023
Pitch competition for women business owners
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 90
- Accountability: 6
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 97.1%; rating input score 97
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.6%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 46% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: -95.1% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 96.6% of revenue deployed · 97.1% of spending went to programs
- Governance: 0 of 1 board members independent · 1 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $241K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 43/100.