VSI
Nonprofit profile at a glance
- EIN
- 261869032
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Tomball, TX, USA
- Phone
- 2818416555
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Development
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,798,088
- Expenses
- $3,270,728
- Assets
- $5,531,761
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Steve Vinton (President)
Highest reported compensation
- Steve Vinton (President): $47,879 total reported compensation
- Reagan Engelhardt (Board Member): $30,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
VSI's mission is to partner with people in villages in Africa to enable them to provide a quality Christian education for the poorest of the poor who would otherwise not have the opportunity to go to school.
What it reported doing in 2024
VSI conducted program services totaling $3,089,744, including 2,920,486 in grants in support of the activities of Village Schools Tanzania, Village Schools Malawi, Village Schools Zambia, Village Schools Uganda and Village Schools Kenya by providing: 1) missionary personnel in service of Village Schools Tanzania, Village Schools Malawi, Village Schools Zambia, Village Schools Uganda and Village Schools Kenya 2) technical and financial assistance which enabled Village Schools Tanzania, Village Schools Malawi, Village Schools Zambia, Village Schools Uganda and Village Schools Kenya to construct classrooms, multi-purpose buildings, teacher houses, science laboratories, libraries, chapels, and sanitation facilities as well as electricity, water and computer projects at 105 schools, 86 of which are open and functioning with 19,332 students enrolled 3) educational equipment and supplies to aid in the on-going operation of these schools; 4) medicine and material help to orphans and those suffering from HIV/AIDS in villages near these schools
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% 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. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 83
- Accountability: 88
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.5%; rating input score 83
- Program expense ratio: 94.5%; rating input score 94
- Fundraising efficiency: $206.22 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Pass
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.9%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.69; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 13.4% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 17th percentile among comparable filings
Details
- Where the money goes: 82.5% of revenue deployed · 94.5% of spending went to programs
- Governance: 8 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.1M in reported program spending
- Leadership: top reported pay $48K · 10 people listed
- Consistency: 44 of 44 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.