Glastonbury Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 061543923
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Glastonbury, CT, USA
- Phone
- 8606527200
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $94,863
- Expenses
- $86,773
- Assets
- $157,857
- Liabilities
- $24,638
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
People named in this filing
- RICH TWILLEY (VICE CHAIR -)
- KRISTEN DAVIS (CO CHAIR)
- VALERIE CALCIANO (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
The foundation champions and acts as a catalyst for academic enrichment in our school and facilitates lifetime learning experiences in our community. It works to raise funds for educational programs that are not included in the town's limited budgets.
What it reported doing in 2024
To promote excellence, innovation, and creativity in education for our children and community.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.
The verdict
STRONG - 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.5%; rating input score 91
- 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: Limited
Sustainability
- Operating margin: 8.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.82; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.5% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 91.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $87K in reported program spending
- Leadership: top reported pay $0 · 26 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.