Schumacher Center for a New Economics Inc

Nonprofit profile at a glance

EIN
461421645
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Great Barrington, MA, USA
Phone
4135281737
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Societal Benefit

Official website

Reported finances

Revenue
$2,304,833
Expenses
$1,714,226
Assets
$1,771,091
Liabilities
$34,495

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

Leadership & pay

11 people listed

Executive titles in this filing

  • MATTHEW STINCHCOMB (PRESIDENT)
  • BROOKE LEHMAN (VICE PRESIDENT)
  • JODIE EVANS (VICE PRESIDENT)

People named in this filing

  • MATTHEW STINCHCOMB (PRESIDENT)
  • BROOKE LEHMAN (VICE PRESIDENT)
  • JODIE EVANS (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Education - to educate the public about an economics that supports both people and the planet.

What it reported doing in 2024

Lectures and educational events - the schumacher center convened four in-person lectures in 2024. The forty-third annual e.f. Schumacher lecture was a joint presentation by alex forrester and alfa demmellash titled the greatest migration: beloved community as ecological civilization. The talk was videoed and placed on the center's website where it has been seen 250 times. The inaugural annual robert swann lecture was delivered by kali akuno, founder of cooperation jackson. It has been watched 1,100 times on youtube. International intellectual bayo akomolafe delivered an in-person lecture in april in great barrington to a packed house of 250. The youtube posting has been viewed another 8,500 times. In celebration of the 50th anniversary of the publication of small is beautiful, the schumacher center convened a monthly series of online conversations around themes from the book with leading thinkers/activists in each field. The series averaged 200 viewers per each event plus cumulative of 8,000 views once posted on the schumacher youtube channel, in total reaching 10,500 people.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 75
  • Accountability: 84
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.5%; rating input score 60
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $58.11 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 15th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 1.03; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 9.9% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 59.5% of revenue deployed · 81.3% of spending went to programs
  • Governance: 9 of 11 board members independent · 6 of 7 filing controls reported
  • Programs: 7 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.