Somaly Mam Foundation

Nonprofit profile at a glance

EIN
260392207
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Menlo Park, CA, USA
Phone
6505214587
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$2,688,431
Expenses
$2,790,474
Assets
$1,378,453
Liabilities
$155,919

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

Leadership & pay

8 people listed

Executive titles in this filing

  • SOMALY MAM (PRESIDENT)
  • RIGMOR SCHNEIDER (INTERIM EXECUTIVE DIRECTOR)
  • GINA REISS-WILCHINS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • GINA REISS-WILCHINS (EXECUTIVE DIRECTOR): $190,825 total reported compensation
  • SOMALY MAM (PRESIDENT): $179,262 total reported compensation
  • RIGMOR SCHNEIDER (INTERIM EXECUTIVE DIRECTOR): $123,792 total reported compensation

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

Overview

Mission

To help create a world where women and children are safe from slavery. To give victims and survivors a voice in their lives, liberate victims, end slavery, and empower survivors as they create and sustain lives of dignity.

What it reported doing in 2013

Victim service: the foundation is funding a set of methods and initiatives that are demonstrably high quality investigation, intervention, medical, psychological, legal, primary educational, and vocational services to victims of trafficking in southeast asia.the program's current objectives include:-promoting primary healthcare access and to reduce high risk impact of HIV/AIDS in female population in sex sectors;-equitable access to quality recovery, education and vocational skills training with special attention to victims of trafficking for sexual exploitation and or at high risk of it;-strengthen and implement national laws, policies and programs that protect victims of trafficking for sexual slavery and exploitation and ensure that they have full access to supportive services; particularly in legal assistances;-community development for sustainable livelihoods and income generation for the female victims of human trafficking for sexual exploitation; and-continued support for rescue, rehabilitation, and reintegration services in cambodia, laos, and vietnam.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 71
  • Accountability: 76
  • Sustainability: 25
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.6%; rating input score 82
  • Program expense ratio: 76.7%; rating input score 77
  • Fundraising efficiency: $7.82 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 70th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.8%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 19.2%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -2% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -22.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 81.6% of revenue deployed · 76.7% of spending went to programs
  • Governance: 3 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $191K · 8 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Money network: 3 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.