Sweat Equity Enterprises Inc

Nonprofit profile at a glance

EIN
203498290
IRS 990-EZ coverage
2012–2015
Forms available
Form 990 2014, Form 990-EZ 2015
Location
Scottsdale, AZ, USA
Phone
6023698832
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Youth Development - Business

Official website

Reported finances

Revenue
$193,350
Expenses
$361,244
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Shaila Ittycheria (CEO, President)

People named in this filing

  • STUART GOLDFARB (Board Chairman)
  • LESA MITCHELL (Vice-Chairwoman)
  • JASON MADHOSINGH (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sweat equity education works to address both the growing cost of higher education as well as the current youth unemployment crisis. Sweat equity education provides young adults with one year, full-time, apprenticeships at high growth startups, small businesses, and companies. The flagship enstitute apprentice program, our direct model serves all millennials, aged 18-24, through a rigorous one year program. Apprentices work in full-time, paid apprenticeships at leading companies, while participating in a supplemental academic curriculum and community events.

What it reported doing in 2015

Launched 3 different city hubs - nyc, dc, Miami. Placed two additional round of apprentices into positions in the fiscal year. Published lessons learned and insights on how to replicate so that others could replicate the experience and value of the apprenticeship model for themselves

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -86.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 24.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -66.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -18.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -26.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2012 to 2015
  • Contacts: How to reach this organization
  • Money network: 4 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.