Social Enterprise Foundation Corporation

Overview

Mission

The Corporation serves as a subsidiary of Social Enterprise Foundation Corporation SEFC who has common control of its administrative and educational services. SEFC created the Corporation in July 2017 but registered the Corporation as it own nonprofit in July of 2019 for the soul purpose of offering educational scientific professional advocacy and supportive role of all affairs of the the Corporation including any or all lawful affairs for which non-profit corporations may be organized hereunder. The Corporation is also organized to operate exclusively pursuant to and within the meaning of Section 501c3 of the Internal Revenue Code or the corresponding provision of any future United States Internal Revenue Law. The Corporation is organized exclusively for educational and charitable purposes including for such purposes the making of distributions to organizations that qualify as exempt organizations under § 501c3 of the Internal Revenue Code or the corresponding sec

Operating model

Revenue model

Donor-supported. 94% of the money available for current operations came from contributions and gifts.

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.

• Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - Most voting board members are independent and revenue comfortably covers expenses. 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: 4
• Transparency & Controls: 54
• Accountability: 86
• Sustainability: 73
• Growth: 60

Detailed rating inputs

Details

• Where the money goes: 3.2% of revenue deployed · 5.8% of spending went to programs
• Governance: 4 of 4 board members independent · 6 of 9 filing controls reported
• Programs: 4 filed program accomplishments · $110K in reported program spending
• Leadership: top reported pay $81K · 6 people listed
• Consistency: 34 of 40 current checks pass · 6 findings to review
• Schedules: 3 filed schedules · includes grants
• Contacts: How to reach this organization
• Money network: 11 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.

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 — Financial Efficiency: Mission deployment rate scored 3/100.
• High — Financial Efficiency: Program expense ratio scored 6/100.
• High — Transparency & Controls: Grant itemization coverage scored 0/100.
• Review — Accountability: Governance controls: 2 of 8 not reported.
• High — Sustainability: Officer compensation ratio scored 1/100.
• Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
• Moderate — Transparency & Controls: Part IX Advertising column sum did not reconcile in the filed values.
• Moderate — Transparency & Controls: Part IX CompCurrentOfficersDirectors column sum did not reconcile in the filed values.
• Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
• Moderate — Transparency & Controls: Part IX OtherSalariesAndWages column sum did not reconcile in the filed values.
• Moderate — Transparency & Controls: Part IX PayrollTaxes column sum did not reconcile in the filed values.
• High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.