Wishboneorg

Nonprofit profile at a glance

EIN
273354192
IRS 990-EZ coverage
2019–2021
Forms available
Form 990 2018, Form 990-EZ 2021, Form 990-N 2010
Location
San Francisco, CA, USA
Phone
3104670035
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$40,030
Expenses
$53,089
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ELIZABETH SCHMIDT (CEO & DIRECTOR)

People named in this filing

  • ELIZABETH SCHMIDT (CEO & DIRECTOR)
  • MICHAEL POLANSKY (Director)
  • DAVID JACKSON (Director)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wishbone.org works to eliminate the opportunity gap by ensuring that low-income students have access to high-quality summer programs.

What it reported doing in 2021

Addressed systemic change on the opportunity gap across america through design of a research report on the opportunity gap to suggest more holistic solutions for the sector. Inspired students to redefine their future and pursue their passions through storytelling and student connectivity.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 100
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.3%; rating input score 77
  • Program expense ratio: 58.3%; rating input score 58

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -32.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 50.9%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -42.9% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 36th percentile among comparable filings
  • Asset growth: -9% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 77.3% of revenue deployed · 58.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $31K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2019 to 2021
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.