Zenoti Foundation

Nonprofit profile at a glance

EIN
850673363
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Bellevue, WA, USA
Phone
2168617068
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$5,460
Expenses
$17,176
Assets
$3,993
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SUDHEER KONERU (PRESIDENT AND DIRECTOR)

People named in this filing

  • SUDHEER KONERU (PRESIDENT AND DIRECTOR)
  • DHEERAJ KONERU (SECRETARY, TREASURER, AND DIRECTOR)
  • LEAH GRAY (VP FINANCE CONTROLLER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The zenoti foundation provides grants and assistance in furtherance of personal wellness to those in need. This assistance may include emergency hardship grants to persons working in the wellness industry, educational grants for persons in need pursuing careers in the wellness industry, and grants made to other charitable organizations that further the zenoti foundation's own tax exempt purpose, including grants to haircuts4homeless limited, uk which provides free haircuts for homeless people.

What it reported doing in 2024

Zenoti foundation makes grants to other charitable organizations that are conducting charitable work that furthers zenoti foundation's own tax exempt purpose. In 2024, zenoti foundation made grants to and supported charitable events that provide personal wellness services to those without financial resources.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 68.9%; rating input score 69

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -214.6%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -39.7% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -45.5% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -18.4% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 68.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.