The Somerville Foundation Inc
Nonprofit profile at a glance
- EIN
- 814505509
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2016
- Location
- Somerville, MA, USA
- Phone
- 6174108690
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $208,955
- Expenses
- $432,569
- Assets
- $156,772
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- GREG NADEAU (PRESIDENT)
- WILBERT PINEDA (CO-VICE PRESIDENT)
- SALADIN ISLAM (CO-VICE PRESIDENT)
- RAFAEL VIEIRA (EXECUTIVE DIRECTOR)
Highest reported compensation
- RAFAEL VIEIRA (EXECUTIVE DIRECTOR): $59,220 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 mission of the somerville education foundation (sef) is to promote learning opportunities for all somerville residents.
What it reported doing in 2024
The mission of the somerville education foundation (sef) is to promote learning opportunities for all somerville residents with the following focus areas:1) basic needs - prioritize community resources to first ensure that all children and young people are secure in basic needs for food, shelter, clothing, support for residence status, health, mental health, and are ready to learn.2) year-round learning - provide financial support that will enable all of somerville's children and young people to benefit from enhanced learning experiences that will enable them to reach their full potential by - encouraging the development of innovative instructional methods, the acquisition and use of enriched teaching materials, and the piloting of new technology and community partnerships in the classroom. - expanding access to high quality out-of-school time programs for all of somerville's children and young people. 3) applied learning - ensure all high school students have the opportunity to access internships, summer jobs, coops, and project based applied learning opportunities.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 94
- Accountability: 69
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.8%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th 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: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -107%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 24% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.8% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $419K in reported program spending
- Leadership: top reported pay $59K · 13 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 25/100.