Canton Association of Business & Industry Charitable Fund Inc
Nonprofit profile at a glance
- EIN
- 465169021
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- Canton, MA, USA
- Phone
- 7818282555
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $39,261
- Expenses
- $21,000
- Assets
- $67,797
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- TY CONDER (PRESIDENT)
People named in this filing
- TY CONDER (PRESIDENT)
- STEPHEN P COSTELLO (TREASURER)
- HOWARD GOLDMAN (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizations works to make the town of canton a better community, by supporting civic bodies as well as funding college scholarships for canton high school and blue hills regional technical school.
What it reported doing in 2024
The organization funded college scholarships for five high school students in canton, ma. The organization also made grants to the canton hs deca, canton food pantry, the st. Vincent depaul society, the clarke school for hearing and speech, canton board of health, canton bsa troop 77, friends of canton public library.
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.4%; rating input score 55
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 46.5%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 3.23; rating input score 76; 76th 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: 2% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: -0.1% per year; rating input score 0; 51st percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 55.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2014 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.