Newtown Memorial Fund Inc
Nonprofit profile at a glance
- EIN
- 461616117
- IRS 990-EZ coverage
- 2014–2016
- Forms available
- Form 990 2013, Form 990-EZ 2016
- Location
- Botsford, CT, USA
- Phone
- 2034268500
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $70,318
- Expenses
- $81,464
- Assets
- $99,154
- Liabilities
- $8,000
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Julie Savino (Vice President)
People named in this filing
- Gael Lynch (Secretary)
- Robert Davenport (Treasurer)
- Brian Mauriello (Founder & Chairman)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide financial assistance to residents of the town of newtown Connecticut and others affected by the december 14, 2012 tragedy at sandy hook elementary school.
What it reported doing in 2016
To provide financial assistance to residents of the town of newtown ct and others affected by the december 14, 2012 tragedy at sandy hook elementary school
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 97% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -15.9%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -76.8% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -57.4% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $81K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2014 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.