The Imperative Inc

Nonprofit profile at a glance

EIN
853350267
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-N 2020
Location
Brockton, MA, USA
Phone
7742743902
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$411,410
Expenses
$91,515
Assets
$557,971
Liabilities
$8,000

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ALEXANDRA BASTIEN (PRESIDENT/SE)

People named in this filing

  • ALICIA ADAMSON (DIRECTOR)
  • NGUNAN ADAMU (DIRECTOR)
  • ALEXANDRA BASTIEN (PRESIDENT/SE)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building a new philathropic institution solely focused on promoting the wealth, health and connectedness of black people.

What it reported doing in 2023

We are establishing a fund to make strategic investments that improve wealth and health while increasing the social and economic ties of black people globally. Our roles in addition to our role as a funder and investor, the imperative will also serve in the following capacities in philanthropy: convener we will regularly build relationships and bring stakeholders together to identify both immediate and long-term needs for the culture. In coming together, we will learn about best practices and strategize on a united path forward for black people collaborator we will regularly create and seek opportunities to collaborate with other philanthropies, public and private sectors to achieve our stated mission. Communicator we will use our role within philanthropy to express ideas that give people cover to address issues in our communities without fear of loss of funding. Our research, publications and investments will serve as direction to those wanting to support the interests of black people

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.2%; rating input score 18
  • Program expense ratio: 76.7%; rating input score 77
  • Fundraising efficiency: $143.59 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 81st 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 77.8%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 6.1; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 142.6% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 83.2% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 18.2% of revenue deployed · 76.7% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $70K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 18/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.