Xcentric Event Inc
Nonprofit profile at a glance
- EIN
- 823201716
- IRS 990 coverage
- 2017–2019
- Forms available
- Form 990 2019
- Location
- Alexandria, VA, USA
- Phone
- 7035196700
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $1,203,477
- Expenses
- $1,063,088
- Assets
- $151,917
- Liabilities
- $35,000
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Lynn Anstett (Director)
- Ryan Cassin (Director)
- Peter Fan (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. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Corporation was created for the purpose of providing education events primarily to educate members of the Entrepreneur's Organization ("EO"), a tax exempt entity under Section 501(c)(3)of the Internal Revenue Code, on entrepreneurship, best business practices, leadership, organizational development, and other business topics and skills. The educational activities take place primarily at one annual event held in the fall in different regions of the United States. The purpose of the Corporation is to provide entrepreneurship education to members of EO, and that is its sole purpose.
What it reported doing in 2019
Annual event held in st louis mo., dallas, tx., and new orleans, la. Numerous attendees participated in worshops and attended presentations from a number of well known speakers related to best practices, leadership, organizational development and other business topics and skills development.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 81
- Accountability: 0
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.6%; rating input score 88
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 95.2% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 89.2% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 44.9% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 87.6% of revenue deployed · 99.2% of spending went to programs
- Governance: 0 of 3 board members independent · 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2017 to 2019
- Contacts: How to reach this organization
- 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.