Childrens Tuition Fund of Rhode Island
Nonprofit profile at a glance
- EIN
- 611848940
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Colorado Springs, CO, USA
- Phone
- 7195286906
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Civil Liberties
Reported finances
- Revenue
- $103,169
- Expenses
- $103,169
- Assets
- $65,911
- Liabilities
- $65,911
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- James Elliott (Executive Director)
People named in this filing
- James Elliott (Executive Director)
- Kevin Buelke (CFO)
- Todd Marrah (Board Chair)
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
Provide scholarships for qualified educational expenses.
What it reported doing in 2024
Help students access better educational options that fit each student's particular needs and cooperating with and supporting other projects and organizations that are organized and operated for similar purposes. Provided scholarships for 55 students at 2 schools.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- 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: Yes; rating input score 100
Sustainability
- Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 266.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $103K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Sustainability: Operating margin scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.