Verbiest College Inc

Nonprofit profile at a glance

EIN
204941618
IRS 990 coverage
2011–2021
Forms available
Form 990 2021
Location
Chicago, IL, USA
Rating
32
Verdict
REVIEW
Rating confidence
Moderate
Sector
International Studies

Official website

Reported finances

Revenue
$25,604
Expenses
$47,110
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Simon Koo (President)

Highest reported compensation

  • John Richard Sember IV (Director of Marketing): $7,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the Beijing Center is to offer undergraduates and other students a comprehensive educational experience about China and its culture through classroom lectures, courses, on site visits, and immersion experiences.

What it reported doing in 2021

The Global Leadership Internship, also known as the Summer Internship, is intended for students to obtain in-depth knowledge of working in China and of Chinese people by providing an opportunity to learn from the real Chinese world through working and interacting with the people and organizations. The purpose of the program is not only to gain working experience but, more importantly, to encourage students to think about China in a deeper and more meaningful way outside the classroom.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

REVIEW - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 3
  • Transparency & Controls: 53
  • Accountability: 74
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.1%; rating input score 4
  • Program expense ratio: 2.3%; rating input score 2
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 0%; rating input score 0; 23rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -84%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 16%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: -15.8% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -13.5% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -20.6% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 4.1% of revenue deployed · 2.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1K in reported program spending
  • Leadership: top reported pay $8K · 4 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity
  • Filing history: 10 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.