New England Regional Turfgrass Research Trust

Nonprofit profile at a glance

EIN
056126914
IRS 990-EZ coverage
2010–2023
Forms available
Form 990-EZ 2023
Location
Middletown, RI, USA
Phone
4018415490
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$59,558
Expenses
$64,693
Assets
$22,988

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • GARY SYKES (EXECUTIVE DI)
  • MARK A RICHARDS (TRUSTEE)
  • CHRISTOPHER COWAN (TRUSTEE)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Turfgrass research

What it reported doing in 2023

Solicit and collect money for turfgrass research donations. University of ri research project p10911/dr. Alm 6,000.00 university of Connecticut office of sponsored research project 92-dr.henderson 17,160.50 university of Connecticut office of sponsored research athletic field bmp final payment 5,000.00 university of Connecticut research 230722 (inguagiato) 7,957.00 university of Massachusetts umass 017706 dr. Jung 14,000.00

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.5%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8.6%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 23; 23rd 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: 24.7% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -6.1% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $61K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2010 to 2023
  • 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.

  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.