Thinx Foundation Ltd

Nonprofit profile at a glance

EIN
812665396
IRS 990 coverage
2017–2017
Forms available
Form 990 2017
Location
New York, NY, USA
Phone
3472778711
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
International Development

Reported finances

Revenue
$12,898
Expenses
$20,884
Assets
$142,014
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • MARIA MOLLAND (President)
  • SHAMA AMALEAN (Vice President)
  • MIKI AGRAWAL (President)

Highest reported compensation

  • MIKI AGRAWAL (President): $404,254 total reported compensation
  • SHAMA AMALEAN (Vice President): $199,703 total reported compensation
  • MARIA MOLLAND (President): $193,866 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

THINX Foundation seeks to disrupt the status quo and change the way girls and women are taught about their bodies, their health, and their capability to be positive contributors to our society and economy.

What it reported doing in 2017

The Foundation's flagship program is the THINX Global Girls Clubs. This is a 6-month integrated education and empowerment program designed for young girls to equip them with knowledge about their bodies, human rights and entrepreneurship, and the tools to take ownership of their lives and write their own future.During this second year of operations for our Organization, THINX INC. contributed $12,478 by paying THINX FOUNDATION'S vendor invoices. THINX Inc.'s employees were also working for the organization free of charge. THINX Inc. incurred a total cost of $44,125 including gross salary, employee benefit and employer payroll taxes for their employment.In 2018, management started rethinking the organization's charitable model and the organization determined that sunsetting the nonprofit would be best and has since started a process of shutting down the nonprofit

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 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

MIXED - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 53
  • Accountability: 21
  • Sustainability: 37
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 68.7%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -61.9%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 6.8; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 74.7%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 68.7% of spending went to programs
  • Governance: 0 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $404K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • 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.

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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.