The Glass Town Gala Inc

Nonprofit profile at a glance

EIN
470889813
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016, Form 990-N 2009
Location
Sandwich, MA, USA
Phone
5088886808
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$8
Expenses
$27,068
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • CYNTHIA RUSSELL (PRES/DIR)
  • JAMES COOGAN (SECR/DIR)
  • WILLIAM DIEDERING (TREAS/DIR)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The glass town gala, inc. Was formed to raise funds for charitable organizations in the sandwich, ma area. Each year, the gtg donates the net proceeds of its annual charity ball to several organizations that provide services to residents of sandwich. The organization has been dormant for several years, but will once again serve the town of sandwich in 2013/2014 by raising funds for the 375th anniversary of the town, an event that coincides with the 100th anniversary of the cape cod canal. Net fund raising proceeds will be used to support charitable organizations with a town of sandwich mission.

What it reported doing in 2016

Annual glass town gala event. This ball raises money for area charitable or other exempt organizations which provide services to the citizens of sandwich, ma. No event was held in 2010/2011/2012. The 375th anniversary of the town of sandwich will be celebrated in 2014 and the glass town gala, dba sandwich 375th committee, will fundraise for the event and donate net proceeds to charitable organizations that serve sandwich residents.

Operating model

Revenue model
Other-operating. 75% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 75% of its reported program spending out as 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.3%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -338,250%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st 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: -23.3% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: 17% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $27K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • 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: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.