Sol Price Retailingservice Scholarship Program

Nonprofit profile at a glance

EIN
330191784
IRS 990 coverage
2011–2020
Forms available
Form 990 2020
Location
San Diego, CA, USA
Phone
6192352300
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Operating Foundations

Official website

Reported finances

Revenue
$124
Expenses
$93,784
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ANN BOSSLER (PRESIDENT)

Highest reported compensation

  • JAMES HOWELL (TRUSTEE): $414,359 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The sol price retailing/service scholarship provides financial and academic assistance to students from san diego to complete an associate degree while gaining valuable experience through structured community service activities.

What it reported doing in 2020

See schedule o. The sol price retailing/service scholarship program benefits the san diego community by giving educational opportunities to students attending city college, thus furthering the mission of the san diego foundation.price scholars receive assistance to fulfill their educational goals. Such assistance includes financial assistance, academic assistance, and individual counseling. In exchange for this assistance, price scholars are required to perform 200 to 300 hours of community service or internships in the community each year they are enrolled in the program.the price scholarship program helps prepare students for the job market by encouraging and assisting them in obtaining a certificate of completion or an associate degree. They are also provided with valuable experience through structured job shadowing, community service assignments, and internships with local community agencies, schools, and businesses in the city heights, balboa park, and the local community of san diego. The involvement in community service activities is coordinated for these scholarship participants. These activities benefit the participant's personal and professional goals as well as the greater community.no new scholars were admitted into the new 2019-2021 cohort program as the price scholarship program is sunsetting.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 68
  • Accountability: 81
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 25th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -75,532.3%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 64.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -11.9% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -39.1% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -25.5% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
  • Governance: 7 of 8 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $85K in reported program spending
  • Leadership: top reported pay $414K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 10 filing years from 2011 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 4 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.

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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.