Vilcap Inc

Nonprofit profile at a glance

EIN
274059343
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-EZ 2011
Location
Houston, TX, USA
Phone
2028704750
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$14,038,785
Expenses
$8,504,194
Assets
$12,801,512
Liabilities
$4,597,346

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • ALLYSON BURNS (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • ALLYSON BURNS (CHIEF EXECUTIVE OFFICER): $270,312 total reported compensation
  • PETER LUNDQUIST (CHIEF OPERATING OFFICER): $201,925 total reported compensation
  • MELISSA ALDRIDGE (CHIEF FINANCIAL OFFICER): $181,938 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to unlock early-stage social and financial capital for entrepreneurs building emergent solutions for environmental, social, and economic challenges around the world.

What it reported doing in 2024

Vilcap, inc. (the organization") leverages entrepreneurship to drive impact at scale. It supports entrepreneurs who are building solutions in three core thematic areas - climate adaptation and innovation, economic mobility, and equitable access to essential services; and drives impact at scale by democratizing entrepreneurship, looking beyond equity, and enabling inclusive capital. To execute its mission, the organization has dispersed teams in bangalore, india; mumbai, india; nairobi, kenya; mexico city, mexico; london, uk; and across the united states.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% 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

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.2%; rating input score 56
  • Program expense ratio: 92.7%; rating input score 93
  • Fundraising efficiency: $52.52 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 84.8%; rating input score 85; 18th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 39.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.51; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 15.5%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 17.2% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 19.4% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 56.2% of revenue deployed · 92.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.9M in reported program spending
  • Leadership: top reported pay $270K · 20 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $536K reported
  • Consistency: 35 of 37 current checks pass · 2 findings to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 30 filed money-flow records
  • Related organizations: 23 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.