Stamford Partnership Inc
Nonprofit profile at a glance
- EIN
- 060993590
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Stamford, CT, USA
- Phone
- 2032745750
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,199,899
- Expenses
- $747,842
- Assets
- $820,043
- Liabilities
- $19,693
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
36 people listed
Executive titles in this filing
- KEVIN PERAINO (CEO (THROUGH NOV. '24))
- DARRELL JOHNSON (CEO)
Highest reported compensation
- KEVIN PERAINO (CEO (THROUGH NOV. '24)): $65,884 total reported compensation
- DARRELL JOHNSON (CEO): $50,192 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The stamford partnership is the city's and region's predominant economic and community development organization. The stamford partnership is a 501(c)(3) nonprofit that brings companies, governments, nonprofits, & people together to reimagine our shared future. Focused on economic and social impact, we're guided by our three pillars; 1) public-private partnership. We create and empower coalitions to help transform stamford into a smart city. One that's fully connected and powered by technology-and with sustainability at the core of all we do. 2) ecosystem development. We build programs and services for high potential industries and companies to encourage innovation, growth, and connectivity. 3)talent development. We believe that the workforce of the future is built on lifelong learning, soft skills, and technical knowhow. We help individuals and companies grow with these concepts at the forefront.
What it reported doing in 2024
The good jobs challenge highlights workforce development as key to accelerating local economic growth and rebuilding regional economies so they are more resilient to future challenges, while providing good job opportunities for american workers to achieve economc mobility and security.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.5%; rating input score 56
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $86.43 raised per $1 spent on fundraising; rating input score 85; 85th 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: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 37.7%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 15.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 19% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 18.3% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 15% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 55.5% of revenue deployed · 89.1% of spending went to programs
- Governance: 34 of 34 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $666K in reported program spending
- Leadership: top reported pay $66K · 36 people listed
- Highest-paid contractors: 1 contractor listed · $225K reported
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2012 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.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 22/100.