Is Rockville Bank Foundation Connecticut Inc Legit?
Quick charity verification for Rockville Bank Foundation Connecticut Inc (EIN: 203000295)
Verdict: Rockville Bank Foundation Connecticut Inc appears trustworthy
85/100Mission Score
$2.6MRevenue
$11.4MAssets
1Red Flags
3Strengths
Red Flags
Frequent periods where expenses exceed revenue, potentially indicating reliance on asset drawdowns.
Strengths
Consistent zero officer compensation, demonstrating high financial integrity.
Substantial and growing asset base ($11,359,625 latest), providing financial stability.
Strong program focus implied by zero fundraising and administrative compensation.
Spending Breakdown
How Rockville Bank Foundation Connecticut Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Rockville Bank Foundation Connecticut Inc
Is Rockville Bank Foundation Connecticut Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockville Bank Foundation Connecticut Inc (EIN: 203000295) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Rockville Bank Foundation Connecticut Inc a good charity to donate to?
Rockville Bank Foundation Connecticut Inc has a Mission Score of 85/100. Revenue: $2.6M. Assets: $11.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rockville Bank Foundation Connecticut Inc?
The Employer Identification Number (EIN) for Rockville Bank Foundation Connecticut Inc is 203000295. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Rockville Bank Foundation Connecticut Inc spend its money?
Rockville Bank Foundation Connecticut Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rockville Bank Foundation Connecticut Inc's tax-exempt status?
You can verify Rockville Bank Foundation Connecticut Inc's tax-exempt status using EIN 203000295 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Rockville Bank Foundation Connecticut Inc demonstrates a generally stable financial position with significant assets, though its revenue has fluctuated considerably over the past decade. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the foundation has frequently operated with expenses exceeding revenue, as seen in 2023 ($574,134 expenses vs. $422,336 revenue) and 2022 ($579,135 expenses vs. $2,195,996 revenue, though 2022 was an exception with high revenue). This pattern suggests reliance on its substantial asset base to cover operational costs, which, while sustainable in the short term given its $11.3 million in assets, warrants monitoring for long-term financial health. The NTEE code S20 indicates a focus on community improvement and capacity building, and the lack of officer compensation aligns well with a lean operational model.