White Rhino Coffee Foundation

Nonprofit profile at a glance

EIN
934414718
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Dallas, TX, USA
Phone
4696074500
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$685,974
Expenses
$617,373
Assets
$84,393
Liabilities
$21,726

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

Leadership & pay

8 people listed

Executive titles in this filing

  • Jeff Weiszbrod (Executive Director (START: 08/2024))
  • MARY O'CONNER (EXECUTIVE DIRECTOR (END: 08/2024))

Highest reported compensation

  • MARY O'CONNER (EXECUTIVE DIRECTOR (END: 08/2024)): $134,750 total reported compensation
  • Jeff Weiszbrod (Executive Director (START: 08/2024)): $56,250 total reported compensation

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

Overview

Mission

The white rhino coffee foundation's mission is to identify and support nonprofit partners working tirelessly to eliminate these pressing issues. We believe that by providing the right resources and support, we can create a world where everyone has access to housing, sufficient food, and the stability they need to thrive.

What it reported doing in 2024

The white rhino coffee foundation exists to support those in need, specifically in the areas of homelessness and hunger. Our calling exists to help those in need exit homelessness via a network of thoroughly vetted and experienced professionals from multiple providers. We are designing a staffing program for non-profits that train at-risk youth for careers in the food service industry. White rhino coffee retail locations will potentially serve as both training and employment sites for participants in this program. We are raising funds to support hugs cafe at the meadows foundation. The project involves renovating an existing building into a fully operational cafe staffed by neurodiverse adults. The cafe will feature a small coffee section serving white rhino coffee.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 95
  • Accountability: 69
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.9%; rating input score 72
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.6%; rating input score 99; 47th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 30.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 128.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 46.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 71.9% of revenue deployed · 79.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $493K in reported program spending
  • Leadership: top reported pay $135K · 8 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 6 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.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.