The Broad Center

Nonprofit profile at a glance

EIN
202692176
IRS 990 coverage
2014–2020
Forms available
Form 990 2020, Form 990-T 2020
Location
Los Angeles, CA, USA
Phone
3109545080
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$10,084,361
Expenses
$9,089,058
Assets
$3,813,633
Liabilities
$445,054

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • BECCA BRACY KNIGHT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BECCA BRACY KNIGHT (EXECUTIVE DIRECTOR): $356,081 total reported compensation
  • CHAKA A BOOKER (MANAGING DIR., ALUMNI AND NETWORK): $305,297 total reported compensation
  • KRUPA D DESAI (MANAGING DIR., THE BROAD RESIDENCY): $287,979 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to raise student achievement by recruiting, training and supporting leadership talent from across america to transform urban school systems.

What it reported doing in 2020

Alumni & network impact is a program that has emerged from both the broad residency and the broad academy to provide services designed to strengthen and leverage the center's growing network of participants and alumni. Alumni & network impact provides career coaching and services to help participants and alumni find leadership roles in education, provides support services to participants and alumni when they take on key leadership roles, facilitates knowledge and best practice sharing across the network, organizes alumni reunions and functional area gatherings, and helps leverage the network to advance reforms nationally.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 82% 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 - The filed numbers largely add up and most voting board members are independent. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 91
  • Accountability: 94
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.3%; rating input score 62
  • Program expense ratio: 68.6%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.7%; rating input score 100; 36th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 23rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.9%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 22%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -24.6% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 62.3% of revenue deployed · 68.6% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.2M in reported program spending
  • Leadership: top reported pay $356K · 16 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $698K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2014 to 2020
  • Contacts: How to reach this organization
  • Money network: 52 filed money-flow records
  • Related organizations: 44 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.