Verb Foundation

Nonprofit profile at a glance

EIN
461902098
IRS 990-EZ coverage
2015–2017
Forms available
Form 990-EZ 2017
Location
Austin, TX, USA
Phone
5124973986
Rating confidence
Limited
Sector
Public, Society Benefit N.E.C.

Reported finances

Revenue
$0
Expenses
$83
Assets
$0
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • LEE WALKER (PRESIDENT/DIRECTOR)

People named in this filing

  • LEE WALKER (PRESIDENT/DIRECTOR)
  • DENNIS CAVNER (TREASURER/DIRECTOR)
  • TOM MEREDITH (SECRETARY/DIRECTOR)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is organized exclusively for charitable and educational purposes within the meaning of section 501(c)(3) to empower early state social innovators and social entrepreneurs around the world.

What it reported doing in 2017

Development of cutting-edge curriculum and content; growth of network of content partners, including universities around the world; facilitate network of "thought leadership" activities such as conferences, publications and research; operate social entrepreneurship competitions to award mentoring and seed funding to early state social entrepreneurs; develop and disseminate resources and tools to empower early stage social innovators worldwide; promote and assist in development of programs which advance solutions to pressing social issues; and facilitate and advance education and scholarly/research opportunities to improve outcomes for underserved populations thus lessening the burden of government.

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
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -150% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -83.8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.