Sprouts of Promise Foundation
Nonprofit profile at a glance
- EIN
- 264428441
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2016
- Location
- Marina Del Rey, CA, USA
- Phone
- 3106996134
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $685,689
- Expenses
- $651,550
- Assets
- $112,511
- Liabilities
- $21,172
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Mark Anderson (President)
People named in this filing
- Mark Anderson (President)
- Cathie Anderson (Secretary)
- Brad Warhanek (CFO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sprouts of Promise Foundation ("SOPF") was formed with the goal of educating both children and adults on the importance of healthy eating. With the obesity rate continuing to rise, bringing increased awareness to healthy food choices is critical. Specifically, SOPF will seek to make the community aware of the valuable benefits of locally grown fresh fruits and vegetables in one's daily food decisions. SOPF will accomplish this goal with two vehicles of education: 1) in-school education and 2) fresh fruit and vegetable distribution.
What it reported doing in 2024
One vehicle of education is the farmers' market experience where local farm produce is brought directly to the comuunity through community events. The operation of farmers' market events will increase awareness and accessibility of local fresh fruits and vegetables. Sprouts of Promise Foundation generates revenues for its programs through fees charged to farmers' markets.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 92
- Accountability: 18
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.5%; rating input score 86
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 37.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 17.3% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 85.5% of revenue deployed · 90% of spending went to programs
- Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $586K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.