Miracle Foundation
Adoption | EIN: 74-2989580 | Austin, TX
Mission:
Miracle Foundation supports orphans to have a better quality of life while bringing about sustainable change that reduces the need for orphanages. <br> <br>For the past 20 yea ... (More)
Miracle Foundation is a 501(c)(3) organization, with an IRS ruling year of 2001, and donations are tax-deductible. Cause: Development and Relief Services
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Star Rating System
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
Exceptional
This charity's score is 98.06, earning it a 4-Star rating. Donors can "Give with Confidence" to this charity.
This score is calculated from two sub-scores:
Finance: 97.27 View details
Accountability & Transparency: 100.00 View details
This score represents Form 990 data from 2019, the latest year published by the IRS.
View this organization's historical ratings on our legacy website.
Star Rated Report
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Program Expense Ratio
84.2%
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Administrative Expenses
5.0%
As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Fundraising Expenses
10.6%
This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Liabilities to Assets Ratio
4.4%
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.
Source: IRS Form 990
Fundraising Efficiency
$0.09
The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.
Source: IRS Form 990
Working Capital Ratio
1.09 years
Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.
Source: IRS Form 990
Program Expense Growth
10.05%
We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.
Source: IRS Form 990
Governance
Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.
Sources Include: IRS Form 990
| Governance: | |
|---|---|
| Independent Voting Board Members | |
| No Material Diversion of Assets | |
| Audited Financials Prepared by Independent Accountant | |
| Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties | |
| Documents Board Meeting Minutes | |
| Distributes 990 to Board Before Filing | |
| Compensates Board |
Policies
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.
Sources Include: IRS Form 990 and organization's website
| Policies: | |
|---|---|
| Conflict of Interest | |
| Whistleblower | |
| Records Retention and Destruction | |
| CEO Compensation Process | |
| Donor Privacy |
Transparency
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.
Sources Include: IRS Form 990 and organization's website
| Transparency: | |
|---|---|
| CEO Salary Listed on 990 | |
| Board of Directors Listed on Website | |
| Key Staff Listed on Website | |
| Audited Financial Statements on Website | |
| Form 990 Available on Website |
Additional Information
Unscored
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Total Revenue and Expenses
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Salary of Key Persons
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts include salary, cash bonuses, and expense accounts. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. Read the IRS policies for compensation reporting
LESLIE BEASLEY, CEO
$128,750
CAROLINE BOUDREAUX, FOUNDER
$121,521
MARTY ROMELL, CFO/TREASURER
$81,091
KRISHNA SRINIVASAN, CHAIRMAN
$0
RAJEEV KATHURIA, BOARD MEMBER
$0
Source: IRS Form 990 (page 7), filing year 2020
Business Master File Data
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Activity data not reported from the IRS
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources: IRS Forms 990
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
Pandemic Response
This organization was impacted by the COVID-19 pandemic in a way that affected their financial health. Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.
Miracle Foundation reported being impacted by COVID-19 in the following ways:
Program Delivery
Fundraising Capacity
Revenue
Staffing
How COVID-19 impacted the organization's operations financially:
We lost many regular donors due to the uncertainty of COVID and/or due to layoffs. Additionally, many of our funders gave lower donation amounts.
How COVID-19 impacted the organization's delivery of programs:
Our staff had to redesign all of our programs to be 100% remote. Additionally, we added an emergency relief program for those we serve which brought on unplanned expenses.
How this organization adapted to changing conditions caused by COVID-19:
As a result of lockdowns and social distancing, we were forced to offer all of our services online. There were many unexpected benefits to an all-virtual model. Our training sessions, including those with UNICEF, had a far wider reach when the need for an in-person facilitator was removed and trainings were online. We digitized our vast training resources, even animating some critical story elements, creating a digital toolkit that can reach a far wider audience. We launched an emergency distribution of food and vital supplies to 2,000 families, mostly to women-led households. We provided tablet/smart phones to children that included wifi connectivity, so our students didn’t fall behind. We created several mobile-based apps that will allow us to scale rapidly and collect data more easily. We were able to source higher quality counsellors, bringing urban professionals to rural homes through an online platform.
Innovations the organization intends to continue permanently after the pandemic:
Many of the adaptations mentioned above allowed us to cut travel expenses considerably while the quality of our services delivered remained high. In many areas we will continue to offer our services and resources in an online format where we feel our overall quality and reach will remain unaffected. This includes collaborating with more on-the-ground organizations in rural communities to provide immediate assistance, continuing to develop our mobile-based apps that will allow us to scale rapidly and collect data more easily, and continue to digitize our training resources so that they can be shared easily and continue to reach a far wider audience.
Impact & Results
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Impact & Results Score
Not Currently Scored
Miracle Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Do you work at Miracle Foundation? Join the waitlist for an updated Impact & Results score.
Additional Information
Unscored
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Largest Programs
Miracle Foundation reported its three largest programs on its FY 2020 Form 990 as:
$894,354
Spent in most recent FY
36%
Percent of program expenses
PREVENT CHILDREN FROM ENTERING THE SYSTEM IN THE FIRST PLACE. EVERY DAY AROUND THE WORLD, SOCIAL WORKERS, CAREGIVERS AND GOVERNMENT OFFICIALS MAKE DECISIONS THAT IMPACT MILLIONS OF VULNERABLE CHILDREN ... (More)
$1,252,256
Spent in most recent FY
50%
Percent of program expenses
ENSURE THAT EVERY CHILD THRIVES. ALL CHILDREN ARE ENTITLED TO AN EDUCATION, NUTRITION, HEALTH AND PROTECTION. OVER THE PAST TWENTY YEARS, WE HAVE DEVELOPED THE PROPRIETARY THRIVE SCALE METHODOLOGY, BA ... (More)
$317,464
Spent in most recent FY
12%
Percent of program expenses
CONNECT THE US FOSTER CARE SYSTEM.MIRACLE FOUNDATION IS APPLYING OUR EXPERTISE IN DATA COLLECTION AND GROUND-BREAKING TECHNOLOGY TO THE US FOSTER CARE SYSTEM. WITH THE INTRODUCTION OF OUR FOSTERSHARE ... (More)
Leadership & Adaptability
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
Leadership & Adaptability Score
100
out of 100
The score earned by Miracle Foundation is a passing score.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
Leadership & Adaptability Report
100
of 100 points
Mission
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
Miracle Foundation supports orphans to have a better quality of life while bringing about sustainable change that reduces the need for orphanages. For the past 20 years, Miracle Foundation has improved the lives of more than 15,000 children and impacted almost 300 orphanages. Our proven Thrive Scale™ methodology is based on the UN Rights of the Child and leverages data and technology to ensure that orphaned and vulnerable children reach their full potential. Miracle Foundation is part of a global network of non-profit organizations leading the worldwide movement to end the need for orphanages in our lifetime.
Source: Nonprofit submitted responses
Vision
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
A Family for Every Child in our Lifetime
Source: Nonprofit submitted responses
Strategic Goals
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Transition children from orphanages into families.
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Goal Two: Prevent children from entering the system in the first place.
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Goal Three: Connect the US Foster Care system.
Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.
Source: Nonprofit submitted responses
Leadership Development
The nonprofit provides evidence of investment in leadership development
Describe an investment in leadership
For more than 60 years, the Rockefeller Foundation Bellagio Center in Northern Italy has been hosting thought leaders from around the world, offering a beautiful space and enough time to turn big ideas into actions that can change the world. Miracle Foundation was invited to host a historic discussion on the topic of child reunification and the best ways to ensure children thrive when returned to families. But this was no sterile panel of experts. Young people who grew up in orphanages or the foster care system worked alongside renowned thought leaders from a wide variety of sectors including social protection, disability, gender, early childhood development, education, youth, public policy and more. The action items that resulted drew from the energy of youth and wisdom of experience, creating a bold framework to transform childcare systems and ensure that children never enter those systems in the first place.
Source: Nonprofit submitted responses
Mobilizing for Mission
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
This organization mobilizes for mission in the following ways:
Strategic Partnerships
Networks of Collective Impact Efforts
Thought Leadership
Raising Awareness
Community Building
Policy Advocacy
What are this organization’s external mobilizaton efforts?
Much of Miracle Foundation's work on the ground involves partnering with and empowering community support groups in order to invest in family strengthening. We also train social workers and government officials at the state and local levels in family based care and child rights. Additionally, we understand that the scope of the orphan crisis is enormous and in order to affect change on a grand scale we need to partner with other like minded organizations around the world--which is why not only do we share out expertise and methodology through webinars, presentations and our own digital toolkit but we are also part of a global network of nonprofit organizations leading the worldwide movement to end the need for orphanages in our lifetime.
Source: Nonprofit submitted responses
Story of Adaptability
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
The story of Miracle Foundation is one of innovation, with a flexible leadership team dedicated to protecting vulnerable children. This past year saw a major refocusing of both our strategy and our objectives, with all 70 staff members in the US and India participating in an intensive co-design process. What resulted not only sharpened our commitment to bringing children home from orphanages abroad, it also expanded our attention here in the United States, with a call to help stabilize families in the US Foster Care system. This kind of nimble innovation is only possible with a supportive board that is open to new ideas, as long as they are in the best interests of children. It is further helped with a vast pool of unrestricted donations, allowing us to place resources where they are most needed. This included our recent development of two mobile -based apps. Our Thrive Scale™ application allows us to monitor the safety and wellbeing of the children we help reunify with families. While FosterShare™ helps connect foster families with a vast array of services while simplifying the complex reporting requirements they face. A leadership team with vision and an oversight board open to adaptability are what Miracle Foundation an innovative leader in child reunification field.
Source: Nonprofit submitted responses
Culture & Community
This score provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. When organizations listen to constituents, they are able to better deliver on programs and meet the needs of stakeholders. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.
Culture & Community Score
100
out of 100
The score earned by Miracle Foundation is a passing score.
Encompass Rating V4 provides an evaluation of an organization's Culture and Community by measuring its Constituent Feedback practices (see report below). Constituent Feedback data provides 100% of the basis for the initial evaluation of the Culture & Community Beacon.
Culture & Community Report
100
of 100 points
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Constituent Feedback
Full Credit
Here's how this organization is listening and learning from the people they serve:
How is your organization collecting feedback from the people you serve?
Note: The organization did not respond to this question.
How is your organization using feedback from the people you serve?
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With whom does your organization share the feedback you got from the people you serve?
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What challenges does your organization face in collecting feedback from the people you serve?
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Briefly describe a recent change that your organization made in response to feedback from the people you serve.
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Methodology
Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We've partnered with GuideStar by Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Charity Navigator awards full credit for this Beacon to every nonprofit that is eligible for an Encompass Rating that completes the survey, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. This data is not evaluated for quality at this time. Validation will be added in future iterations of this Beacon.
Analysis and Research
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving, and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.
Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.
