Candlewood Farm Arts Foundation
Nonprofit profile at a glance
- EIN
- 266722554
- IRS 990-PF coverage
- 2018–2024
- Forms available
- Form 990-PF 2024
- Location
- Higganum, CT, USA
- Phone
- 3474155900
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $29,375
- Expenses
- $22,354
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Private Independent Foundations
What it reported funding in 2024
The foundation reported 3 filed grant rows totaling $5,835. The stated grant purposes included grant to expontential ensemble, artist grant, and the foundation's primary goal is to promote and disseminate the spanish guitar internationally, supporting students, performers, and composers..
Operating model
- Revenue model
- Donor-supported. 81% of the foundation's positive operating resources came from contributions.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 26
- Transparency: 100
- Compliance: 98
- Endowment Health: 65
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 51st percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 26.1%; rating input score 26; 49th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Foundation activity disclosures: 18 of 19 controls in place; rating input score 95
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Individual grants for travel, study or similar purposes: Fail
- Grants outside qualifying charitable organization categories: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 3.36; rating input score 65; 65th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 65th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
- High — Cost Efficiency: Grant expense ratio scored 26/100.
- Review — Compliance: Foundation activity disclosures: Individual grants for travel, study or similar purposes not reported.