Zara Aina Inc

What it reported doing in 2024

Youth Company & Antananarivo Clubhouse: The Center provided Zara Ainas signature theatrical and dance programming. The Zara Aina Center continued their partnerships with fellow NGO, Manda, the Ministry of Youth and Sports in Antananarivo, The British School, and the local grocery chain, Bii (formerly Foodwise), Diary Nofy: a project of Teach for Madagascar, and Un Enfant Par La Main. The students continued taking English and French classes and doing vigorous test prep throughout 2024. The Malagasy Staff exposed the students to numerous professional arts workshops (ex. film class). There was a death of one of our students and we built a bench in her honor. (there is a wire transfer for this) The ZA 4th years took a tour to and around Toliara. There is an additional wire transfer for this in July.The ZA team takes on 40 new students into the first year program.United StatesAt the end of June, a team of 8 teachers returned to Camden, Alabama for a week-long workshop and original show with 40 students in the BAMA Kids organization. They created a beautiful show about DREAMS.Caroline, Deirdre, and Henry went to Madagascar with CultureConnect in July for 3 weeks. There are not a lot of expenses connected to this trip except some supply charges/gifts for Mada staff. We also took out cash in the country to buy gifts to later resell at our October fundraiser event in NYC. We had an in person fundraiser on October 13th in NYC at the West End Theatre. We received donations via paypal and ZEFFY in the month of October. We raised roughly $15,000. Five teaching artists also taught at the annual Madagascar Day at Rhinebeck School in October. Artists created scenes from a folktale with roughly 50 middle school students. (we have not received the check from Rhinebeck (Duchess). The US development team will run a successful End of Year Campaign to fund the 2025 year ahead including a tour in Madagascar in 2025 and some improvements for the Center.

Financial Efficiency

• Mission deployment rate: 74.4%; rating input score 74
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 0%; rating input score 0; 21st 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; 64th percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 25.6%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 0.89; rating input score 23; 23rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: -3% per year; rating input score 0; 42nd percentile among comparable filings
• Revenue growth: -6.7% per year; rating input score 0; 38th percentile among comparable filings
• Asset growth: -11% per year; rating input score 0; 12th percentile among comparable filings