Connect Foundation
Connect Foundation shows consistent revenue, asset growth, and no reported officer compensation over a decade.
EIN: 203049742 · San Diego, CA · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2,562,877 |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Connect Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connect Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connect Foundation
Connect Foundation (EIN: 203049742) is a nonprofit organization based in San Diego, CA, classified under NTEE code B90. The organization reported total revenue of $3.1M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connect Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connect Foundation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$345K |
| Total Assets | $2.6M |
| Total Liabilities | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 13.5% |
| Debt-to-Asset Ratio | 49.5% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, Connect Foundation reported a surplus of $345K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 49.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connect Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +0.5% | +19.4% |
| 2022 | +88.7% | +52.5% | +22.6% |
| 2021 | -38.8% | -29.9% | +25.2% |
| 2020 | +37.5% | +28.5% | +64.1% |
| 2019 | -10.6% | -12.1% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connect Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Connect Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $345K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.5%.
Executive Compensation Analysis
Connect Foundation has reported 0% officer compensation across all 13 available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization with revenues consistently in the millions, such as $2,562,877 in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connect Foundation's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a highly volunteer-driven executive structure.
Strengths
The following positive indicators were identified for Connect Foundation:
- Consistent operational surpluses in recent years (e.g., $2,562,877 revenue vs. $2,217,821 expenses in 2023).
- Significant growth in assets over the past decade, from $1,113,558 in 2014 to $2,581,098 in 2023.
- No reported officer compensation across all 13 filings, suggesting efficient use of funds for mission-related activities.
- Long history of consistent IRS 990 filings, indicating strong transparency.
Frequently Asked Questions about Connect Foundation
Is Connect Foundation a legitimate charity?
Connect Foundation (EIN: 203049742) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Connect Foundation spend its money?
Connect Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Connect Foundation tax-deductible?
Connect Foundation is registered as a tax-exempt nonprofit (EIN: 203049742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connect Foundation CEO make?
Connect Foundation's highest-compensated officer earns $2,562,877 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Connect Foundation's spending goes to programs?
Connect Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Connect Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Connect Foundation is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connect Foundation located?
Connect Foundation is headquartered in San Diego, California and files with the IRS under EIN 203049742. It is classified under NTEE code B90.
How many years of IRS 990 filings does Connect Foundation have?
Connect Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
Is Connect Foundation financially stable?
Yes, Connect Foundation appears financially stable. Its revenues have generally exceeded expenses in recent years (e.g., $2,562,877 revenue vs. $2,217,821 expenses in 2023), and its assets have grown significantly from $1,113,558 in 2014 to $2,581,098 in 2023.
How does Connect Foundation manage executive compensation?
Connect Foundation has reported 0% officer compensation in all 13 available IRS 990 filings, indicating that no salaries were paid to officers during these periods.
Has Connect Foundation's financial health improved over time?
Yes, the organization's assets have more than doubled from $1,113,558 in 2014 to $2,581,098 in 2023, and it has consistently maintained an operational surplus in most recent years, suggesting improved financial health.
Filing History
IRS 990 filing history for Connect Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connect Foundation's revenue has grown by 69.2%, moving from $1.5M to $2.6M. Total assets increased by 1939.3% over the same period, from $127K to $2.6M. Total functional expenses rose by 21.4%, from $1.8M to $2.2M. In its most recent filing year (2023), Connect Foundation reported a surplus of $345K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.6M in assets (debt-to-asset ratio: 49.5%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.2M | $2.6M | $1.3M | — | View 990 |
| 2022 | $2.7M | $2.2M | $2.2M | $1.2M | — | View 990 |
| 2021 | $1.4M | $1.4M | $1.8M | $1.4M | — | View 990 |
| 2020 | $2.3M | $2.1M | $1.4M | $1.1M | — | View 990 |
| 2019 | $1.7M | $1.6M | $858K | $698K | — | View 990 |
| 2018 | $1.9M | $1.8M | $811K | $738K | — | View 990 |
| 2017 | $2.2M | $2.2M | $841K | $835K | — | View 990 |
| 2016 | $2.0M | $2.4M | $869K | $827K | — | View 990 |
| 2015 | $2.7M | $2.7M | $1.1M | $724K | — | View 990 |
| 2014 | $3.5M | $3.1M | $1.1M | $640K | — | View 990 |
| 2013 | $3.4M | $3.2M | $799K | $765K | — | View 990 |
| 2012 | $2.0M | $2.1M | $130K | $317K | — | View 990 |
| 2011 | $1.5M | $1.8M | $127K | $250K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.2M, and assets of $2.6M (revenue -4.7% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.2M, and assets of $2.2M (revenue +88.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $1.8M (revenue -38.8% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.1M, and assets of $1.4M (revenue +37.5% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $858K (revenue -10.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $811K (revenue -11.9% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $841K (revenue +5.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.4M, and assets of $869K (revenue -23.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.7M, and assets of $1.1M (revenue -23.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.1M, and assets of $1.1M (revenue +2.4% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.2M, and assets of $799K (revenue +71.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.1M, and assets of $130K (revenue +31.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.8M, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connect Foundation:
Data Sources and Methodology
This transparency report for Connect Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.