Top Banana Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 271280787
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990-EZ 2012, Form 990-N 2010
- Location
- Newton, MA, USA
- Phone
- 6177951557
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $88,303
- Expenses
- $87,162
- Assets
- $54,285
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The activities of Banana Education Foundation (the Organization) shall advance the cause of improving K-12 education. The activities of the Organization are: (1) Researching and identifying innovative approaches, methodologies, curricula and programs related to teaching K-12 education secular subject of study, particularly mathematics and science; (2) Introducing K-12 schools' teachers and administration as well as general public to such approaches, methodologies, curricula and programs; (3) Assisting K-12 schools to investigate, pilot, adopt and integrate such approaches, methodologies, curricula and programs into the existing curriculum maps; (4) Providing logistical and financial support to K-12 schools implementing curriculum pilot programs in form of textbooks, classroom materials, manipulatives, etc., as well as stipends for participating teachers and school staff; (5) Raising fund to conduct the activities above.
What it reported doing in 2012
The organization has developed curriculum in Mathematics for grades K through 6. It is in the process of developing curriculum in Mathematics, Physics and Computer Science for grades 7 and 8, as well as English and Writing for Elementary school. It operates an after-school enrichment program at its headquarters in Newton, MA as well as satellite classroom at South Shore YMCA in Hanover, MA and Jewish Community Center of Greater Boston in Newton, MA.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 34
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.7%; rating input score 99
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.3%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 98.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- 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.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.