Skillsnet Foundation

Nonprofit profile at a glance

EIN
200922373
IRS 990-EZ coverage
2010–2013
Forms available
Form 990-EZ 2013
Location
Waxahachie, TX, USA
Phone
9729232950
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Employment Procurement Assistance
Affiliation
Christianity

Official website

Reported finances

Revenue
$76,078
Expenses
$72,712
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • SUSAN BROWN (DIRECTOR)
  • MARC ANDERBERG (DIRECTOR)
  • JASON BROWN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The skillsnet foundation wants to ensure that churches, non-profit organizations, and other charitable organizations can take advantage of new technological products and services that will help them develop their workforce (paid and volunteer), enhance their operations, and advance their mission.

What it reported doing in 2013

The organization provides services for employability assessments and skills training to the unemployed adults, at-risk youth, single mothers, low-income neighborhoods, and other at-risk populations. Skillsnet provides classes and services for foster care teens who are aging out of foster care to move towards independent living and employability by assessing their skills and abilities, monitoring internships, and providing mentors from the business community.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 4.4%; rating input score 55; 55th 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: 56.7%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -59.9% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 23% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.