Connex Foundation Inc

Nonprofit profile at a glance

EIN
820663896
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2018
Location
Irving, TX, USA
Phone
9722319810
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Business and Industry

Official website

Reported finances

Revenue
$159,520
Expenses
$116,848
Assets
$262,772
Liabilities
$37,755

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • WILLIAM ACKERMAN (CHAIR)
  • LEIGH PEARSON (CO CHAIR)
  • CINDY COLLETTE (TREASURER)

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 connex foundation, inc. Is a non-profit entity that promotes education, industry research and training for individuals and companies engaged in retail facilities management. The foundation also organizes volunteer activities to support other non-profit organizations that need facility maintenance repairs and improvements.

What it reported doing in 2024

Develop and implement strategies to support awareness and promote opportunities in the facility management, construction, and skilled trades profession. Provide educational tools, volunteer programs, and charity events that connect talent and resources to those in need.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. 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: 46
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40%; rating input score 40
  • Program expense ratio: 54.6%; rating input score 55

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: 26.8%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 2.25; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 22.3% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 21.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 10.1% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 40% of revenue deployed · 54.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $64K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 40/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.