Achieve Hartford Inc
Nonprofit profile at a glance
- EIN
- 450499390
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hartford, CT, USA
- Phone
- 8602443333
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $16
- Expenses
- $35,273
- Assets
- $110,757
- Liabilities
- $4,057
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- CHRISTOPHER M MARCELLI (EXECUTIVE DI): $68,386 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Achieve hartford is an independent nonprofit organization of business and community leaders that focuses on closing the opportunity and achievement gap in hartford and building a viable talent pipeline for our region and state.
What it reported doing in 2024
Shared responsibility: achieve hartford increases the level of responsibility that stakeholders take for improving schools and closing the achievement gap by facilitating coalitions, partnerships and stakeholder engagement at the city level, the neighborhood level, and even the school level. This includes our forums and focus groups on topics such as student centered learning, our community events on the state of schools, and our coalition work on the topic of college and career readiness. Monitor and drive accountability: accountability requires an external view; achieve hartford provides that perspective. As an independent monitor of the hartford public school district, achieve hartford gathers, analyzes and reports on data to focus attention on student outcomes and what is and is not working in hartford schools. In these ways, we drive district and city accountability to graduate students who are truly college and career ready. This includes our research and evaluation efforts, uploaded to our data website, as well as a portion of our weekly education matters and other publications.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 15
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 65.3%; rating input score 65
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -220,356.2%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 3.14; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 193.9%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -9.7% per year; rating input score 0; 29th percentile among comparable filings
- Revenue growth: -6.4% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: -8.4% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 65.3% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $68K · 8 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Fundraising efficiency scored 4/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.