WAM Impact Partners Inc
Nonprofit profile at a glance
- EIN
- 851734577
- IRS 990 coverage
- 2022–2022
- Forms available
- Form 990 2022
- Location
- Dover, DE, USA
- Phone
- 2023200807
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $800,000
- Expenses
- $697,775
- Assets
- $271,348
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Christopher King (CEO/Executive Director)
Highest reported compensation
- Christopher King (CEO/Executive Director): $167,455 total reported compensation
- Marie Prentice (Chief Operating Officer): $45,434 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a revolutionary mentoring experience to Black, Brown and traditionally underserved youth through a research backed and designed digital platform. This platform can help track learners social emotional growth, learning and character development overtime to give excucators and/or parents insight into how to help them mroe fully understand the choices and options available to the learner as they move toward adulthood.
What it reported doing in 2022
WAM Impact Partners designed the programmatic experience with the assistance of experts, partners, and additional research. Modules were created during this time. The scope and sequence is now aligned with school based practices due to this cultivated expert driven research. We advanced the program beyond this point by including school visits and interviews with practitioners in a multitude of states and various professional education and mentorship organizations. The focus there was on existing experiences with our decision makers to add to thought leadership and community building in the following year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 70
- Accountability: 48
- Sustainability: 47
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.5%; rating input score 49
- Program expense ratio: 56.7%; rating input score 57
- Fundraising efficiency: $4.73 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 13th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 12.8%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 30.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 49.5% of revenue deployed · 56.7% of spending went to programs
- Governance: 2 of 3 board members independent · 2 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $396K in reported program spending
- Leadership: top reported pay $167K · 4 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $167K reported
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 6/100.