South Ward Alliance
Nonprofit profile at a glance
- EIN
- 471202863
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Newark, NJ, USA
- Phone
- 8622361333
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development N.E.C.
Reported finances
- Revenue
- $10,868,867
- Expenses
- $9,023,609
- Assets
- $8,611,916
- Liabilities
- $4,254,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- DOMINIQUE LEE (CEO)
Highest reported compensation
- DOMINIQUE LEE (CEO): $272,661 total reported compensation
- JAZMIN AUDREY RIVERA (MANAGING DIRECTOR OF PROGRAM): $181,002 total reported compensation
- JUSTINE AFUA ASANTE (SD COLLECTIVE/CENTER DIRECTOR): $130,909 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Swpn mission: to provide a coordinated pipeline of services and resources that guides and supports families and ensures their children can live in healthy homes, succeed in school, contribute to their communities, and thrive in life.
What it reported doing in 2024
The ultimate goal of the south ward promise neighborhood is to ensure all children have an unimpeded path to unlocking their limitless potential. We do this by supporting families and young people in achieving cradle-through-career milestones related to: being physically and emotionally healthy and able to pursue their own wellness, living in stable homes with constructive routines and family members who are committed to children's academic and social-emotional health, residing in vibrant, cohesive communities that are safe, supportive and welcoming and learning in highquality schools that drive purpose and passion, engage caregivers, and prepare students to succeed in the workforce.
Operating model
- Revenue model
- Grant-funded. 85% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 65% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.9%; rating input score 77
- Program expense ratio: 92.6%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- 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: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 18.3% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 26.4% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 76.9% of revenue deployed · 92.6% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.4M in reported program spending
- Leadership: top reported pay $273K · 13 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 29 filed money-flow records
- Related organizations: 26 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.