Tsic Inc Dba/take Stock in Children
Nonprofit profile at a glance
- EIN
- 593331584
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Davie, FL, USA
- Phone
- 7863695130
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Delinquency Prevention
Reported finances
- Revenue
- $9,926,808
- Expenses
- $10,239,923
- Assets
- $7,903,866
- Liabilities
- $3,303,009
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- JILLIAN HASNER (PRESIDENT/CEO (THRU 03/25))
- JOHN LOCKE (VICE PRESIDENT FINANCE & COMPLIANCE/PRESIDENT/COO)
- ELE BAUTISTA-BERNARD (VICE PRESIDENT OF PROGRAMS)
Highest reported compensation
- JILLIAN HASNER (PRESIDENT/CEO (THRU 03/25)): $247,500 total reported compensation
- CASEY FISHER (DIR. OF SCHOLARSHIP MGMT. & PROGRAM DATA): $165,450 total reported compensation
- JOHN LOCKE (VICE PRESIDENT FINANCE & COMPLIANCE/PRESIDENT/COO): $150,750 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides college scholarships and mentoring programs for deserving low-income children whose household income falls below 185% of the federal poverty guidelines from middle school through college.
What it reported doing in 2024
Take stock in children uses a sustainable public-private model that enables 99% of our students to graduate from high school and 91% enroll into postsecondary education with a full tuition scholarship and 73% graduate with a postsecondary degree. This program has served more than 46,000 of Florida's children and provided more than $317 million in college scholarships to deserving low-income children whose household income falls below 185% of the federal poverty guidelines.
Operating model
- Revenue model
- Grant-funded. 73% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
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: 95
- Transparency & Controls: 72
- Accountability: 97
- Sustainability: 27
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.1%; rating input score 98
- Program expense ratio: 94.6%; rating input score 95
- Fundraising efficiency: $72.65 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.2%; rating input score 95; 30th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 25th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.2%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 17th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 98.1% of revenue deployed · 94.6% of spending went to programs
- Governance: 18 of 19 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $9.7M in reported program spending
- Leadership: top reported pay $248K · 24 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $986K reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 50 filed money-flow records
- Related organizations: 45 filed related-organization links
- 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 — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.