Greenwich Education Association

Nonprofit profile at a glance

EIN
060867892
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Greenwich, CT, USA
Phone
2038692864
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$251,432
Expenses
$295,989
Assets
$400,527
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Lillian Perone (President)
  • Melissa D'Amato (Vice President - Elementary Schools)
  • Lori Mulligan (Vice President - Secondary Schools/Co-Treasurer)
  • Christine Distel (Vice President - Communications)
  • Jessica Punchatz (Vice President - Membership)

Highest reported compensation

  • Lillian Perone (President): $164,500 total reported compensation
  • Melissa D'Amato (Vice President - Elementary Schools): $15,413 total reported compensation
  • Lori Mulligan (Vice President - Secondary Schools/Co-Treasurer): $8,060 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We keep members informed about educational issues at the local, state and national level. We promote the use of sound educational practices and encourage members to take part in training and workshops that encourage these activities. We fund attendance at workshops, conferences, and meetings related to education.

What it reported doing in 2024

Donations to Barnard Memorial Fund to aid CEA retirees in the state = $1800. $7200 donated to the GEA Scholarship Fund by the GEA. $1100 donated to the CEF Scholarship provided by the State Affiliate (CEA). $3300 donated to pay for memberships for 6 newly retired members to the State (CEA) and National (NEA) Affiliates. $551 donated to CEA Holiday Bear for children in need during the holidays. $250 donated to the Greenwich Public Schools Distinguished Teacher Award Committee. $4400 donated to GEA Scholarship Fund in the name of 8 newly retired members. 19 merit scholarships of $500 each were given to college-bound students of the Board of Education and/or the membership-at-large.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 33
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -17.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 27.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $296K in reported program spending
  • Leadership: top reported pay $164K · 9 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.

  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.