The Micro Non Profit Network

Nonprofit profile at a glance

EIN
811444632
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-EZ 2019
Location
Chesapeake, VA, USA
Phone
7575720974
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$116,533
Expenses
$88,837
Assets
$161,557
Liabilities
$12,050

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • VERONICA MCMILLIAN (PRESIDENT)

Highest reported compensation

  • VERONICA MCMILLIAN (PRESIDENT): $16,250 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the MNPN is to educate, equip, and empowerment small nonprofit to serve their communities through strong program and services. We have helped over 300 nonprofits since 2016. Currently we have 70 nonprofits in our network.

What it reported doing in 2024

The Bag Lady Project is designed to provide life changing resources and services to young women aging out of the Foster Care System. Our aim is to help them to transition to adulthood with a firm foundation and the right tools in their bags to allow them to thrive, survive, and take pride in themselves. Our program will provides the following resources to assist them in becoming self-sufficient: Assistance in locating the appropriate housing, food assistance, cooking classes, Budgeting/financial management, Bus tickets, WISA services, Group counseling sessions, clothing assistance, job/life preparation skills, effective communication, college preparation, entreprenuership training, and parenting groups. A young woman can participate in the program from 3-6 months depending on her needs. Upon completion, we celebrate the young women at the Queen s Tea.

Operating model

Revenue model
Grant-funded. 66% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 59
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.4%; rating input score 73
  • Program expense ratio: 96.2%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 3 of 8 controls in place; rating input score 38
    • 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: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 23.8%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 1.82; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: -20.2% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 35.7% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 73.4% of revenue deployed · 96.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $78K in reported program spending
  • Leadership: top reported pay $16K · 6 people listed
  • Highest-paid contractors: 2 contractors listed · $2K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.