Subway Cares Foundation Inc
Nonprofit profile at a glance
- EIN
- 861625656
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Shelton, CT, USA
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,784,179
- Expenses
- $1,843,806
- Assets
- $3,284,086
- Liabilities
- $499,172
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- ROCHELLE TRAFTON (DIRECTOR)
- CHRISTINA WELLS (DIRECTOR)
- TIM FOLEY (DIRECTOR)
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
The subway cares foundation fuels the potential of our youth by giving them greater access to nutritious food, affordable education, and opportunities to help them grow. The specific objectives and purpose of this organization shall be: a)the foundation will work with organizations whose mission is to feed those in need, eradicate hunger, provide school lunch and nutrition programs, and provide emergency shelters. B)the foundation will also support affordable education through scholarship programs for high school graduates looking to further their education at a college, university or trade school. C)the foundation will give top considerations when making grants to programs that revolve around self-sufficiency, mentoring and youth empowerment.
What it reported doing in 2024
Provides greater access to nutritious food, affordable education, and opportunities to help our youth grow
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 83% of its reported program spending out as 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 71
- Accountability: 94
- Sustainability: 44
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75%; rating input score 75
- Program expense ratio: 71.3%; rating input score 71
- Fundraising efficiency: $7.62 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 95.1%; rating input score 95; 42nd percentile among comparable filings
- 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: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- 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: -3.3%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 1.78; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 84.8% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -11.9% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 75% of revenue deployed · 71.3% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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: 8 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 29/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.