Connecticut Childrens Foundation Inc
Connecticut Children's Foundation: Strong Financials, High Executive Compensation
EIN: 222619869 · Hartford, CT · NTEE: E110 · Updated: 2026-04-04
Is Connecticut Childrens Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Childrens Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Childrens Foundation Inc
Connecticut Childrens Foundation Inc (EIN: 222619869) is a nonprofit organization based in Hartford, CT, classified under NTEE code E110. The organization reported total revenue of $38.4M and total assets of $201.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Childrens Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Childrens Foundation Inc is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.4M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$22.5M |
| Total Assets | $232.5M |
| Total Liabilities | $593K |
| Net Assets | $231.9M |
| Operating Margin | 76.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 409.1 months |
Financial Health Grade: A
In 2023, Connecticut Childrens Foundation Inc reported a surplus of $22.5M with revenue exceeding expenses, holds 409.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Childrens Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +10.4% | +20.6% |
| 2022 | +20.2% | -50.5% | -7.6% |
| 2021 | +47.4% | -29.3% | +50.5% |
| 2020 | -23.0% | +10.3% | +0.7% |
| 2019 | -22.2% | +7.2% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Connecticut Childrens Foundation Inc with a Mission Score of 85 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Connecticut Childrens Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation appears high, with the CEO's total compensation reaching $592,655 in 2023, representing a significant portion of administrative expenses.
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 Connecticut Childrens Foundation Inc's IRS 990 filings:
- Executive compensation, particularly the CEO's $592,655 in 2023, seems disproportionately high relative to the organization's overall expenses.
- A notable increase in 'other expenses' from $6,177,561 in 2022 to $6,820,741 in 2023 warrants further investigation.
Strengths
The following positive indicators were identified for Connecticut Childrens Foundation Inc:
- Consistent revenue growth from $17,504,829 in 2016 to $29,360,318 in 2023 demonstrates strong fundraising capabilities.
- Significant asset growth from $108,718,977 in 2016 to $232,514,528 in 2023 indicates robust financial management and investment strategies.
- The organization consistently reports 0% compensation from related organizations, ensuring financial independence and reducing potential conflicts of interest.
- Low liabilities relative to assets, with liabilities at $592,655 in 2023 against $232,514,528 in assets, suggests strong financial health.
Frequently Asked Questions about Connecticut Childrens Foundation Inc
Is Connecticut Childrens Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Childrens Foundation Inc (EIN: 222619869) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Connecticut Childrens Foundation Inc spend its money?
Connecticut Childrens Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Childrens Foundation Inc tax-deductible?
Connecticut Childrens Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222619869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Connecticut Childrens Foundation Inc do?
Connecticut Childrens Foundation Inc is a nonprofit organization in the Health Care sector, located in Hartford, Connecticut. It is classified under NTEE code E110.
How much revenue does Connecticut Childrens Foundation Inc have?
Connecticut Childrens Foundation Inc reported total revenue of $38,352,377. Based on 13 IRS 990 filings on record.
What are Connecticut Childrens Foundation Inc's total assets?
Connecticut Childrens Foundation Inc holds total assets of $201,502,584 as reported in IRS 990 filings.
Where is Connecticut Childrens Foundation Inc located?
Connecticut Childrens Foundation Inc is based in Hartford, Connecticut.
What is Connecticut Childrens Foundation Inc's EIN?
Connecticut Childrens Foundation Inc's Employer Identification Number (EIN) is 222619869. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Childrens Foundation Inc?
Connecticut Childrens Foundation Inc is classified under NTEE code E110 (Health Care).
Is Connecticut Childrens Foundation Inc a registered 501(c)(3)?
Yes, Connecticut Childrens Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222619869.
Does Connecticut Childrens Foundation Inc file IRS Form 990?
Yes, Connecticut Childrens Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Connecticut Childrens Foundation Inc's revenue in 2023?
In the 202309 filing period, Connecticut Childrens Foundation Inc reported total revenue of $29,360,318, total expenses of $6,820,741, and net assets of $232,514,528.
Is Connecticut Childrens Foundation Inc's revenue growing or declining?
Connecticut Childrens Foundation Inc's revenue is growing. Revenue went from $27,836,852 (202209) to $29,360,318 (202309), a +5.5% change. Based on 13 filings on record.
What is Connecticut Childrens Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Childrens Foundation Inc covers tax period 202309. It shows revenue of $29,360,318, expenses of $6,820,741, total assets of $232,514,528, and liabilities of $592,655.
How much does Connecticut Childrens Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Childrens Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Connecticut Childrens Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Childrens Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Connecticut Childrens Foundation Inc?
The following concerns were identified: Executive compensation, particularly the CEO's $592,655 in 2023, seems disproportionately high relative to the organization's overall expenses.. A notable increase in 'other expenses' from $6,177,561 in 2022 to $6,820,741 in 2023 warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Childrens Foundation Inc's strengths?
Positive indicators for Connecticut Childrens Foundation Inc include: Consistent revenue growth from $17,504,829 in 2016 to $29,360,318 in 2023 demonstrates strong fundraising capabilities.. Significant asset growth from $108,718,977 in 2016 to $232,514,528 in 2023 indicates robust financial management and investment strategies.. The organization consistently reports 0% compensation from related organizations, ensuring financial independence and reducing potential conflicts of interest.. Low liabilities relative to assets, with liabilities at $592,655 in 2023 against $232,514,528 in assets, suggests strong financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Childrens Foundation Inc compensate executives?
Executive compensation appears high, with the CEO's total compensation reaching $592,655 in 2023, representing a significant portion of administrative expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Connecticut Childrens Foundation Inc?
• The organization consistently reports 0% compensation from related organizations, indicating a clear separation of finances. • Detailed financial statements are publicly available, showing consistent growth in revenue and assets. • The foundation provides clear breakdowns of program service accomplishments in its filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the substantial increase in assets from $108,718,977 in 2016 to $232,514,528 in 2023 impact the foundation's long-term strategic planning and program expansion?
The significant growth in assets provides a robust financial base, enabling the foundation to plan for more ambitious long-term projects, expand its programs, and potentially increase its endowment for sustained support of Connecticut Children's.
Given the consistent revenue growth, what specific strategies has the Connecticut Children's Foundation implemented to achieve this, and how are these strategies communicated to donors?
While the filings show revenue growth, the specific strategies (e.g., major donor cultivation, grant writing, events) are not detailed. Effective communication of these strategies to donors would likely involve annual reports, impact statements, and direct outreach highlighting successful fundraising initiatives and their direct impact on children's health.
Filing History
IRS 990 filing history for Connecticut Childrens Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Childrens Foundation Inc's revenue has grown by 138.8%, moving from $12.3M to $29.4M. Total assets increased by 197% over the same period, from $78.3M to $232.5M. Total functional expenses rose by 121.6%, from $3.1M to $6.8M. In its most recent filing year (2023), Connecticut Childrens Foundation Inc reported a surplus of $22.5M, with revenue exceeding expenses. The organization holds $593K in liabilities against $232.5M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $231.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.4M | $6.8M | $232.5M | $593K | — | — |
| 2022 | $27.8M | $6.2M | $192.8M | $275K | — | View 990 |
| 2021 | $23.2M | $12.5M | $208.7M | $326K | — | View 990 |
| 2020 | $15.7M | $17.7M | $138.7M | $324K | — | — |
| 2019 | $20.4M | $16.0M | $137.7M | $2.2M | — | View 990 |
| 2018 | $26.2M | $14.9M | $145.0M | $14.0M | — | View 990 |
| 2017 | $17.7M | $10.7M | $120.6M | $286K | — | View 990 |
| 2016 | $17.5M | $11.7M | $108.7M | $221K | — | View 990 |
| 2015 | $14.7M | $11.8M | $100.7M | $292K | — | View 990 |
| 2014 | $21.3M | $3.8M | $104.7M | $277K | — | View 990 |
| 2013 | $16.9M | $3.8M | $97.9M | $284K | — | View 990 |
| 2012 | $9.7M | $3.1M | $94.2M | $6.5M | — | View 990 |
| 2011 | $12.3M | $3.1M | $78.3M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.4M, expenses of $6.8M, and assets of $232.5M (revenue +5.5% year-over-year).
- 2022: Revenue of $27.8M, expenses of $6.2M, and assets of $192.8M (revenue +20.2% year-over-year).
- 2021: Revenue of $23.2M, expenses of $12.5M, and assets of $208.7M (revenue +47.4% year-over-year).
- 2020: Revenue of $15.7M, expenses of $17.7M, and assets of $138.7M (revenue -23.0% year-over-year).
- 2019: Revenue of $20.4M, expenses of $16.0M, and assets of $137.7M (revenue -22.2% year-over-year).
- 2018: Revenue of $26.2M, expenses of $14.9M, and assets of $145.0M (revenue +48.5% year-over-year).
- 2017: Revenue of $17.7M, expenses of $10.7M, and assets of $120.6M (revenue +0.9% year-over-year).
- 2016: Revenue of $17.5M, expenses of $11.7M, and assets of $108.7M (revenue +19.3% year-over-year).
- 2015: Revenue of $14.7M, expenses of $11.8M, and assets of $100.7M (revenue -31.0% year-over-year).
- 2014: Revenue of $21.3M, expenses of $3.8M, and assets of $104.7M (revenue +26.1% year-over-year).
- 2013: Revenue of $16.9M, expenses of $3.8M, and assets of $97.9M (revenue +73.1% year-over-year).
- 2012: Revenue of $9.7M, expenses of $3.1M, and assets of $94.2M (revenue -20.8% year-over-year).
- 2011: Revenue of $12.3M, expenses of $3.1M, and assets of $78.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Childrens Foundation Inc:
Data Sources and Methodology
This transparency report for Connecticut Childrens Foundation Inc 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.