Hartford Naf Foundation Inc
Nonprofit profile at a glance
- EIN
- 813959410
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2017
- Location
- Hartford, CT, USA
- Phone
- 8606885818
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $131,086
- Expenses
- $119,451
- Assets
- $29,791
- Liabilities
- $194
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Matthew Heard (President)
- David Goldblum (Vice President)
People named in this filing
- Matthew Heard (President)
- David Goldblum (Vice President)
- Brian Picard (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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Hartford NAF Foundation seeks to ensure that Hartford students have access to an education that makes them future ready. We accomplish this by furthering work based opportunities and career readiness of Hartford public high school students enrolled in the NAF academies.
What it reported doing in 2018
Support work-based learning experiences and career opportunities: Funded 46 high school interns plus mentors, teachers, and materials in innovative summer internship programs; covered expenses for 50 students on competitive robotics team; and awarded a one-time college scholarship grant to a graduating senior.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 100
- Sustainability: 49
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 98.3%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.9%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 89.6% of revenue deployed · 98.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $117K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 59/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.