Candlewood Lake Foundation Inc

Nonprofit profile at a glance

EIN
853446892
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025, Form 990-N 2022
Location
New Milford, CT, USA
Phone
4107078447
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Gift Distribution

Official website

Reported finances

Revenue
$62,698
Expenses
$69,023
Assets
$20,578

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Michael Sylvester (Executive Director)

People named in this filing

  • Michael Sylvester (Executive Director)
  • Clara Bruno (Director)
  • John Rynn (Director)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Candlewood Lake Foundation, Inc. is organized to raise funds and distribute grants in support of cancer care, heart health initiatives, and local community wellness programs. The Foundation operates exclusively for charitable purposes and provides financial assistance to organizations that deliver health-related and community-based services.

What it reported doing in 2025

During the 2025 tax year, the Foundation awarded grants totaling $28,589.73 to qualified charitable recipients supporting: Toys for Tots charitable program support Cancer-related programs and patient assistance Heart health education and prevention initiatives Local community charitable organizations Grant funds were distributed to advance direct charitable services, improve community health outcomes, and provide financial assistance to organizations serving individuals and families in need. These grants represent the Foundations primary charitable activity and directly further its exempt purpose.

Operating model

Revenue model
Earned-program. 66% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -10.1%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -120.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: -22.7% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.