World Games 2010 Foundation Inc Co Joseph Terry
Nonprofit profile at a glance
- EIN
- 203918405
- IRS 990 coverage
- 2010–2011
- Forms available
- Form 990 2011
- Location
- Lexington, KY, USA
- Phone
- 8594251000
- Rating confidence
- Limited
- Sector
- Equestrian
Reported finances
- Revenue
- $2,649,947
- Expenses
- $1,222,885
- Assets
- $47,513
- Liabilities
- $1,074,555
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
17 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster national and international amateur equine sports competition by hosting the alltech federation equestre internationale (fei) world equestrian games in 2010. The foundation was charged with marketing, managing, and operating the games in 2010.
What it reported doing in 2011
The alltech world equestrian games are a large multi-disciplined, multi-venue two week long international event that was held in 2010. Like the olympics, or other similar events, extensive planning, preparation, marketing and research was required years in advance to prepare for the event.
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 73
- Sustainability: 50
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 62.5%; rating input score 62; 11th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 53.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 22.62; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 5.8%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -172.6% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -171.9% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 16 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $619K in reported program spending
- Leadership: top reported pay $36K · 17 people listed
- Highest-paid contractors: 1 contractor listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2010 to 2011
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.