Red Bank Regional Education Foundat
Nonprofit profile at a glance
- EIN
- 223561378
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2011
- Location
- Little Silver, NJ, USA
- Phone
- 7328428000
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $55,474
- Expenses
- $57,863
- Assets
- $54,164
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- EILEEN SAVKO (CO-PRESIDENT)
- KRISTIN RICHARDS (CO-PRESIDENT)
People named in this filing
- EILEEN SAVKO (CO-PRESIDENT)
- KRISTIN RICHARDS (CO-PRESIDENT)
- CAROLINE CONNELLY (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
To bridge the technological educational budget shortfall and support the educational needs of rbhs students through the purchase of equipment, software, cultural programs, athletics, events and scholarships.
What it reported doing in 2024
To support the educational needs of rbrhs students through the purchase of equipment, software, cultural programs, athletics, events and scholarships.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 51% for direct work, and 49% for 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: 94
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.4%; rating input score 96
- Program expense ratio: 92.4%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.3%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 44; 44th 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: 10.6% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 96.4% of revenue deployed · 92.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- 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 37/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.