Farms Country Club Foundation Inc

Nonprofit profile at a glance

EIN
863626392
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Wallingford, CT, USA
Phone
2037770001
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$109,232
Expenses
$69,381
Assets
$129,140
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • MICHAEL ANNENBERG (PRESIDENT)

People named in this filing

  • MICHAEL ANNENBERG (PRESIDENT)
  • GREGORY HARTE (SECRETARY)
  • RICHARD GESSECK (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 farms country club foundation, inc. (the "corporation") is organized primarily to raise awareness of various charitable causes and raise funds for each cause by hosting events, such as golf tournaments, dinners, and 5ks. These events will be funded by contributions from the public, including donations and event participation fees. Approximately ninety percent (90%) of the corporation's expenses will be allocated to these events. By hosting these events, the foundation will be able to raise money to donate to charitable causes and educate the public on, and draw awareness to, these causes, so as to perpetuate involvement and future contributions.

What it reported doing in 2024

Aise awareness of various charitable causes and raise funds for each cause by hosting events, such as golf tournaments, dinners, and 5ks. These events will be funded by contributions from the public, including donations and event participation fees. Approximately ninety percent (90%) of the corporation's expenses will be allocated to these events. By hosting these events, the foundation will be able to raise money to donate to charitable causes and educate the public on, and draw awareness to, these causes, so as to perpetuate involvement and future contributions.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.3%; rating input score 58
  • Program expense ratio: 91.1%; rating input score 91

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: 36.5%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1.86; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 54.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 21.7% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 30% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 58.3% of revenue deployed · 91.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $63K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.