Coolveg Foundation Inc
Nonprofit profile at a glance
- EIN
- 934155665
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Cambridge, MA, USA
- Phone
- 6179479762
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Sports Associations &Training Facilities
Reported finances
- Revenue
- $97,752
- Expenses
- $67,439
- Assets
- $23,216
- Liabilities
- $30,000
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ERIC ANTON VERPLOEGEN (President)
People named in this filing
- ERIC ANTON VERPLOEGEN (President)
- DANIEL JOSEPH SWEENEY (Secretary)
- SORY IBRAHIM MARIKO (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable: The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.
What it reported doing in 2025
The primary objective of this project was to promote better employment outcomes among clay potters, vegetable farmers, and vegetable traders. The project also had a research objective, which was to better understand the potential of new methods for promoting clay pot coolers, which could widen the scope for action and large-scale diffusion of clay pot coolers in the Sahel region by development projects and other stakeholders, including government and business membership organizations. These new promotion methods tested in this project were documented and will be used as part of further efforts for the promotion of clay pot coolers.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.9%; rating input score 63
- Program expense ratio: 91.2%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 31%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 1.29; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 59.6%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -53.4% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 33% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 25.8% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 62.9% of revenue deployed · 91.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $62K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 4 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 — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.