Style Saves Inc

Nonprofit profile at a glance

EIN
300948238
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
3054095333
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$1,084,769
Expenses
$899,439
Assets
$287,656
Liabilities
$3,373

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RACHAEL RUSELL SAIGER (DIRECTOR, PRESIDENT, TREAS)
  • MICHAEL A SAIGER (DIRECTOR, VICE PRESIDENT)

People named in this filing

  • RACHAEL RUSELL SAIGER (DIRECTOR, PRESIDENT, TREAS)
  • MICHAEL A SAIGER (DIRECTOR, VICE PRESIDENT)
  • REGINA A CAUFF (DIRECTOR)

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

Founded in 2011, style saves began with the idea to unite fashionwith philanthropy. Combining a talented, diverse community with ashared love for humanitarianism, the organization aimed at inspiringa fresh generation of movers and shakers.

What it reported doing in 2024

Mentorship program is a dynamic, six-week course designed to provide high school students from title i schools with essential life skills. By offering this program at no cost to students, we aim to equip young individuals with the tools and resources necessary to thrive in their future careers, higher education, and beyond. Each year, we serve100 students annually, delivering a program that offers access to resources and experiences that would otherwise be out of reach for many of these students.

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 66% for direct work, and 34% for grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.1%; rating input score 69
  • Program expense ratio: 83.3%; rating input score 83
  • 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: 100%; rating input score 100; 76th 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; 63rd 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: Pass
    • 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: 17.1%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 28.5% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 24.8% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 28.5% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 69.1% of revenue deployed · 83.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $749K 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 and grants
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.