Hollow Reed Inc

Nonprofit profile at a glance

EIN
042627865
IRS 990-EZ coverage
2009–2024
Forms available
Form 990 2019, Form 990-EZ 2024
Location
Jamaica Plain, MA, USA
Phone
0000000000
Rating
34
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$7,919
Expenses
$85,371
Assets
$120,176
Liabilities
$3,510

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Gregory Caplan (President)

People named in this filing

  • Gregory Caplan (President)
  • Rachel Wood (Treasurer)
  • Hermione Garland (Clerk)

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 Hollow Reed Board continued to work to hold and preserve its assets to be used for exempt purposes The Board successfully identified another nonprofit which has a similar mission--education of the whole child The Board and the nonprofit have successfully structured a merger arrangement that is very near completion This arrangement enables the school buildingplayground to be owned and used for nonprofit purposes for years to come

What it reported doing in 2024

0

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -978.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 1.41; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -40.5% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -11.2% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -3.5% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.