Greens Farms Academy Inc
Nonprofit profile at a glance
- EIN
- 060733693
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Greens Farms, CT, USA
- Phone
- 2032567543
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $53,717,683
- Expenses
- $49,971,826
- Assets
- $206,841,524
- Liabilities
- $50,757,062
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Highest reported compensation
- ROBERT WHELAN (HEAD OF SCHOOL): $955,506 total reported compensation
- JENNIFER CAMPBELL (CHIEF FINANCE & OPERATIONS): $446,043 total reported compensation
- JOSEPH FLYNN (DIRECTOR OF INSTITUTIONAL ADVANCEMENT): $356,629 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gfa engages students as partners in an innovative, inclusive, and globally minded community to prepare them for a life of purpose.
What it reported doing in 2024
At gfa, we believe a pre-kindergarten through 12th grade education can be joyful. We invite our students to think big, question often and stay grounded in our core values of passion, integrity, empathy, curiosity, and excellence. Students are at the center of everything, as known and engaged partners in their own learning. They take pride in their achievements, define what excellence means for them, and then rise to meet it. Innovation is not a buzzword at gfa. Here, thoughtful progress travels alongside a legacy of academic strength. Gfa proudly helps shape men and women of character who will leave their mark on the broader global community.
Operating model
- Revenue model
- Earned-program. 77% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 84% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 70
- Accountability: 97
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 82
- Program expense ratio: 89.4%; rating input score 89
- Fundraising efficiency: $3.45 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.2%; rating input score 95; 48th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 4.14; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 4.9% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 81.5% of revenue deployed · 89.4% of spending went to programs
- Governance: 20 of 21 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $44.7M in reported program spending
- Leadership: top reported pay $956K · 30 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 41 of 41 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Officer compensation ratio scored 11/100.