Norwalk Education Foundation Inc

Nonprofit profile at a glance

EIN
061498087
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Norwalk, CT, USA
Phone
2038544068
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$57,986
Expenses
$33,961
Assets
$217,991
Liabilities
$4,633

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

Leadership & pay

11 people listed

People named in this filing

  • MARGARET COSTA (INT. EXEC. D)
  • KELLEY HEFFERAN (CO-TREASURER)
  • LINDA DUNSMORE (CO-TREASURER)

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 norwalk education foundation's mission is to provide support for whole student learning experiences and enrich teaching practices. This is accomplished by collaborating with community partners to fund programs that enhance student learning, promote student well-being, and expand teacher resources.

What it reported doing in 2024

Classroom grants for excellence - each year, nef awards grants for proposals in all subject areas that foster, among other criteria, overall value and creativity, collaborating among grades, classes and cultures, partnerships with parents and the community, meeting curriculum objectives, improving opportunity and achivement, a clearly defined evaluation process, long term sustainability, and replication potential for other schools.

Operating model

Revenue model
Other-operating. 71% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 100
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.4%; rating input score 35
  • Program expense ratio: 60.3%; rating input score 60

Transparency & Controls

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

Sustainability

  • Operating margin: 41.4%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.42; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 31.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -2.9% per year; rating input score 0; 40th percentile among comparable filings
  • Revenue growth: -10.1% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 35.4% of revenue deployed · 60.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $20K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.