Televerde Foundation

Nonprofit profile at a glance

EIN
850535332
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Phoenix, AZ, USA
Phone
4807716945
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Inmate Support

Reported finances

Revenue
$2,573,699
Expenses
$3,045,518
Assets
$720,982
Liabilities
$522,309

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MICHELLE CIROCCO (PRESIDENT)
  • DENISHA TATE-MCALLISTER (VICE PRESIDENT)
  • ERIC CRAWFORD (VICE PRESIDENT OF FINANCE)

Highest reported compensation

  • MICHELLE CIROCCO (PRESIDENT): $202,567 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide currently and formerly incarcerated women with the personal and professional development programs necessary to successfully join and advance in the global workforce.

What it reported doing in 2025

The mission of the televerde foundation is to provide currently and formerly incarcerated women with the personal and professional development programs necessary to successfully join and advance in the global workforce. We provide training, development and transition support that will enable them to successfully transition back into the community with real, meaningful employment and career opportunities. Our targets include: 95% employment within 60 days of release first year earnings greater than $35,000 less than 10% recidivism(continued on sch o)we are able to do this by providing program participants with access to our three distinct paths programs, including: career paths: provides business fundamentals, communication and professional skills training and certification for careers in customer service, it helpdesk and inside sales careers.paths reentry: provides the personal and professional development programs that enables successful transition back into the community with real, meaningful employment and career opportunities. Our targets include: 95% employment within 60 days of release first year earnings greater than $35,000 less than 10% recidivism(continued on sch o)we are able to do this by providing program participants with access to our three distinct paths programs, including: career paths: provides business fundamentals, communication and professional skills training and certification for careers in customer service, it help desk and inside sales careers.paths reentry: provides the personal and professional development programs that enables successful transition back into the community. Curriculum includes emotional intelligence, healthy relationships, financial literacy, workplace etiquette, resume writing, and interview skills training programs.paths 2 success: postrelease support including ongoing job placement, ongoing training, education, mentoring, scholarships, and additional personal and community resources to support a successful transition and to advance their career.televerde foundation uses best practices and certified, accredited curricula to ensure all program participants receive relevant, useful, and reputable training and education. Partnering with a host of organizations, including government agencies, service providers, nonprofits, community partners, higher education institutions and for profit businesses, the televerde foundation provides a complete suite of services necessary for successful reentry and career development. Key partners and curriculum providers include: Arizona state university, aws university, cisco networking academy, cvs health, factor8, Indiana state university, linkedin, mcgraw hill, money experience, paypal, sv academy, televerde, llc, and the change companies.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 89% 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.
  • 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 72
  • Accountability: 95
  • Sustainability: 11
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 69.6%; rating input score 70
  • Fundraising efficiency: $5.64 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 75.3%; rating input score 75; 26th 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.3%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 40.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 32.6% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 69.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $203K · 11 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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: Fundraising efficiency scored 17/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.