The Reset Foundation
Nonprofit profile at a glance
- EIN
- 462275654
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990 2017, Form 990-EZ 2018
- Location
- Emeryville, CA, USA
- Phone
- 4153737688
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitation Services for Offenders
Reported finances
- Revenue
- $1,214
- Expenses
- $228,515
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- John Deasy (Board Chair)
- Jen Anderson (Treasurer)
- Jane Mitchell (Secretary)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Reset's mission is to empower promising individuals involved in the justice system with the skills and opportunities leading to a successful life, thereby freeing their families and communities from the poverty-to-prison cycle.
What it reported doing in 2018
Through November 2017, Reset's residential program offered an alternative to incarceration for court-involved young men between the ages of 18 to 24. We served young men who had been referred by the Alameda and San Francisco County courts, and provided them with housing, transportation, case management, academic, career, medical and mental health support, prosocial activities, and transitional aftercare upon graduation. These services were provided through our residential campus, which was comprised of a leased learning center andleasedresidential housinginthe San Francisco Bay Area. In November 2017, Reset suspended our program and operations. Following that time and into 2018, we worked with our court partners to transition remaining students tohousing, employment, school, and wellness services, and continued to remain connected to our students, providing transitional case management and individualized resources as needed, including court advocacy and regular check-ins in an effort to promote their continued stability and success. On September 28, 2018, the Reset's board of directors made the decision to dissolve the organization. On December 4, 2018, the organization was formally dissolved.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% 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. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 2
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 25.4%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18,723.3%; rating input score 0; 0th 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: 18.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -22.9% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -26.5% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 25.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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: Program expense ratio scored 25/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 8/100.