The Catalyst Foundation for Universal Education Inc
Nonprofit profile at a glance
- EIN
- 814138544
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021
- Location
- New York, NY, USA
- Phone
- 2129928040
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $13,995
- Expenses
- $3,494,647
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JOHN SEXTON (PRESIDENT AND CEO)
People named in this filing
- ANTHONY WELTERS (CHAIRMAN)
- RIMA AL-MOKARRAB (DIRECTOR)
- MARTIN L EDELMAN (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-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Catalyst was formed exclusively for charitable and educational purposes. In furtherance of such purposes, catalyst worked to: (i) foster, support promote, and conduct activities designed to provide and expand access to safe, high-quality education worldwide, particularly for those populations of children and youth affected by war, conflict, prejudice, poverty, or isolation, and (ii) to increase global understanding of the critical lack of education facing such populations around the globe and to advocate for solutions to address the myriad of challenges facing education today. Catalyst supported projects that benefit children and youth in countries around the world, including, to date, projects in bangladesh, guinea, iraq, jordan, palestine, and slovakia, among others. The majority of catalyst's initiatives were focused on addressing the educational challenges of refugees, particularly syrian refugees in the middle east. Catalyst formally dissolved on december 31, 2021.
What it reported doing in 2021
Catalyst worked to: (i) foster, support, promote, and conduct activities designed to provide and expand access to safe, high-quality education worldwide, particularly for those populations of children and youth affected by war, conflict, prejudice, poverty, or isolation, and (ii) to increase global understanding of the critical lack of education facing such populations around the globe. Catalyst focused on initiatives addressing the educational challenges in the middle east and north africa, including the educational needs of syrian and other refugees. In addition, it also considered and funded initiatives which addressed educational issues in other parts of the world. Catalyst's platform for education in emergencies response (peer) program, which was created by the institute of international education (iie), and was an online clearinghouse to enable displaced students to connect with educational opportunities to further their education. Catalyst formally dissolved on december 31, 2021.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 2
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.8%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -24,870.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 13.8%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -69.8% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -36.2% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 7 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 10/100.