Main Street Community Foundation Inc

Nonprofit profile at a glance

EIN
061433299
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Bristol, CT, USA
Phone
8605836363
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Community Foundations

Official website

Reported finances

Revenue
$7,839,262
Expenses
$2,712,435
Assets
$44,724,466
Liabilities
$142,459

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • SUSAN SADECKI (PRESIDENT & CEO)

Highest reported compensation

  • SUSAN SADECKI (PRESIDENT & CEO): $210,412 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Inspiring donors and community partners to foster a sustainable legacy of impactful giving by encouraging and promoting: gift planning, prudent stewardship of assets, effective grant making and community leadership.

What it reported doing in 2025

The foundation's scholarship program brings together students in need and donors who care about education to enable more students to achieve their educational dreams. The foundation believes that an investment in area students is an investment in our community. The impact of this investment will be realized long beyond the degree obtained. The foundation currently administers over 100 named scholarship funds that have been established by individuals, families, businesses and other organizations.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 83
  • Accountability: 92
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.7%; rating input score 46
  • Program expense ratio: 71.1%; rating input score 71
  • Fundraising efficiency: $46.43 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 21st 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: Limited
  • Grant itemization coverage: 88.6%; rating input score 89; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 95.2%; rating input score 95; 26th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 65.4%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 16.49; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 8.5% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 45.7% of revenue deployed · 71.1% of spending went to programs
  • Governance: 20 of 21 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $210K · 25 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 43 filed money-flow records
  • Related organizations: 44 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.