Voice Foundation Inc
Nonprofit profile at a glance
- EIN
- 270462395
- IRS 990-EZ coverage
- 2010–2017
- Forms available
- Form 990-EZ 2017
- Location
- East Windsor, NJ, USA
- Phone
- 6094266508
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $24,231
- Expenses
- $23,969
- Assets
- $142,719
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- JOY BEANS (CHAIR)
- MICHAEL SULLIVAN (VICE CHAIR)
- JESUS E MORENO (TREASURER)
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 voice foundation is committed to providing and supporting financial literacy programs, scholarship awards and outreach activities to improve the communities we live and work in.
What it reported doing in 2017
The voice foundation supports programs and initiatives that advance financial wellness and education in our communities. The voice foundation supports members' educational goals by presenting scholarships to recipients who excel above and beyond academically and through community involvement based on a criteria of 45% academics, 35% community service, 15% extra-curricular activities, and 5% essay.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% 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. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.7%; rating input score 86
- Program expense ratio: 86.6%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 5.95; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -18.5% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 24.6% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 85.7% of revenue deployed · 86.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2010 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 — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.