Swampscott Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 043062500
- IRS 990-EZ coverage
- 2019–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2022
- Location
- Swampscott, MA, USA
- Phone
- 6175439086
- Rating confidence
- Limited
Reported finances
- Expenses
- $45,633
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DAVID RITCHIE (PRESIDENT/DIRECTOR)
- SUSAN SINRICH (VICE PRESIDENT/DIRECTOR)
People named in this filing
- DAVID RITCHIE (PRESIDENT/DIRECTOR)
- SUSAN SINRICH (VICE PRESIDENT/DIRECTOR)
- MEGAN MELEG (TREASURER/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-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support and enhance the swampscott schools
What it reported doing in 2023
Fund grants to support and enhance the swampscott schools
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 77%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 63.4% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -180% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -40.9% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 77% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2019 to 2023
- 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.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.