Guilford Fund for Education Inc

Nonprofit profile at a glance

EIN
208879908
IRS 990-EZ coverage
2013–2022
Forms available
Form 990 2020, Form 990-EZ 2022
Location
Guilford, CT, USA
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$88,214
Expenses
$100,237
Assets
$400,581

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • NiCole Schlagheck (Chair)
  • Andrew Corpuel (Treasurer)
  • Meg Teape (Secretary)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide funds to finance education opportunities outside the regular scope of the operating budgets of the applying agency

What it reported doing in 2022

Digital Music Production STEM grant to Guilford High School.With this new course created by the GHS Music Department and the equipment funded by the GFFE grant students will experience music production in the digital age. The course is offered to all students but will appeal specifically to those who choose to be behind the scenes rather than on stage performing music. Students will learn how a song is written recorded and produced with equipment used in the music industry. Students will learn recording techniques live concert sound production and DJ mixing technology.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. 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: 51
  • Transparency & Controls: 74
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.1%; rating input score 53
  • Program expense ratio: 46.7%; rating input score 47

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -13.6%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 4; rating input score 78; 78th 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: 60% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 53.1% of revenue deployed · 46.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $47K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 53/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.