Valuemovies

Nonprofit profile at a glance

EIN
320307987
IRS 990 coverage
2012–2013
Forms available
Form 990 2013
Location
Santa Monica, CA, USA
Phone
3108575730
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Leadership Development

Official website

Reported finances

Revenue
$1,203,227
Expenses
$1,221,930
Assets
$84,146
Liabilities
$361,661

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DOMINIC IANNO (PRESIDENT)
  • TAMAR DATAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TAMAR DATAN (EXECUTIVE DIRECTOR): $187,046 total reported compensation
  • JANET ROBB (DIRECTOR OF PARTNERSHIP): $133,669 total reported compensation
  • CHRISTOPHER BISHOP (SR. PRODUCT MANAGER): $111,076 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Truespark's mission is to expose, immerse, and engage america's youth on issues of character through watching inspiring movies.

What it reported doing in 2013

In 2013, valuemovies worked with 65 different regional and national partner organizations that provide educational services to children in middle and high school, including after school all stars, boys and girls clubs, ymca, girl scouts, big brothers big sisters, and others. A total of 109 groups within these organizations were served with inspirational movies, curriculum materials and support services to deliver instruction in character education to participating students. A total of 2,153 students completed a truespark series, and 4,571 students were still actively enrolled in a truespark program on december 31, 2013. Also as of that date, truespark delivered more than 22,800 truespark experiences at 267 unique locations.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 70
  • Accountability: 83
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.6%; rating input score 75
  • Program expense ratio: 73.5%; rating input score 73
  • Fundraising efficiency: $20.73 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 20th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.6%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 4.3; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 35.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.5% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: -35.8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 74.6% of revenue deployed · 73.5% of spending went to programs
  • Governance: 7 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $898K in reported program spending
  • Leadership: top reported pay $187K · 12 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2012 to 2013
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.