YCore Network Co Full Circle Fund

Nonprofit profile at a glance

EIN
471799308
IRS 990-EZ coverage
2017–2023
Forms available
Form 990 2022, Form 990-EZ 2023, Form 990-N 2017
Location
Oakland, CA, USA
Phone
9149247508
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$68,732
Expenses
$53,851
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Samantha Carpenter (Treasurer)
  • Simon Shachter (Chairman)
  • John Liotti (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We mobilize young professionals to advance community based social impact by teaching them to deploy their time money skills and influence as partners and advocates.

What it reported doing in 2023

The YCore Fellowship is a four month social impact fellowship for young professionals. Young professionals build capacity for local nonprofits through projects and attend workshops to build skills like design thinking and fundraising. They gain an understanding of systems level social problems to apply to their future social sector engagements.

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
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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57%; rating input score 57
  • Program expense ratio: 72.7%; rating input score 73

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: 21.7%; rating input score 75; 75th 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: 47.6%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -14.9% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -1.4% per year; rating input score 0; 48th percentile among comparable filings
  • Asset growth: -13.7% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 57% of revenue deployed · 72.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $39K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2017 to 2023
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • 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.