Core 5 Inc
Nonprofit profile at a glance
- EIN
- 272500368
- IRS 990-EZ coverage
- 2020–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2010
- Location
- Orange, CT, USA
- Phone
- 2033509423
- Rating
- 33
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $12,224
- Expenses
- $45,226
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JEANNIE FAHAN (EXECUTIVE DIRECTOR)
People named in this filing
- WILLIAM ASERMELY (DIRECTOR)
- JEANNIE FAHAN (EXECUTIVE DIRECTOR)
- ROBERT SELLERS (OFFICER)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization created a new indoor facility space that will include project-based learning initiatives in the areas of science, creative arts, and music. This will be a space where members who struggle to learn in traditional school settings can thrive in single day projects engaging them to choose objectives, apply those objectives, achieve desired results, and effectively learn in those objective areas.
What it reported doing in 2020
To provide a learning environment for their members that will allow them to thrive and effectively learn in the areas of science, creative arts, and music while improving their self-esteem.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- 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: 10
- Growth: NotEnoughData
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: -270%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
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 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- 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 — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.