Connection Fund Inc
Connection Fund Inc maintains consistent $9-10M operations with no reported officer compensation.
EIN: 110017051 · Middletown, CT · Updated: 2026-03-27
Is Connection Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connection Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connection Fund Inc
Connection Fund Inc (EIN: 110017051) is a nonprofit organization based in Middletown, CT. The organization reported total revenue of $11.5M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connection Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connection Fund Inc is a large nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $10.5M |
| Surplus / Deficit | $-768,890 |
| Total Assets | $9.4M |
| Total Liabilities | $4.3M |
| Net Assets | $5.2M |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 45.2% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, Connection Fund Inc reported a deficit of $769K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 45.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connection Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | +12.9% | -48.4% |
| 2022 | +0.6% | +0.3% | +7.1% |
| 2021 | +4.7% | -1.6% | +17.4% |
| 2020 | -2.4% | -2.8% | +24.2% |
| 2019 | -1.6% | -4.8% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Connection Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Connection Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $769K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.2%.
Executive Compensation Analysis
Connection Fund Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $9 million. This suggests either a fully volunteer executive team or that executive compensation is categorized differently within their financial statements, requiring further scrutiny for complete understanding.
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 Connection Fund Inc's IRS 990 filings:
- Significant asset decrease from $18.25M in 2022 to $9.42M in 2023 without clear explanation in summary data.
- Consistent 0% officer compensation for an organization with over $9M in annual expenses is unusual and may indicate compensation is reported elsewhere or a unique operational model.
Strengths
The following positive indicators were identified for Connection Fund Inc:
- Consistent operational scale with annual revenues and expenses around $9-10 million over a decade, indicating stability.
- No reported officer compensation across all filings, which could be a strong indicator of efficient use of funds if executives are truly unpaid volunteers.
- Maintains a positive net asset position, even with fluctuations, demonstrating financial solvency.
Frequently Asked Questions about Connection Fund Inc
Is Connection Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connection Fund Inc (EIN: 110017051) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Connection Fund Inc spend its money?
Connection Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connection Fund Inc tax-deductible?
Connection Fund Inc is registered as a tax-exempt nonprofit (EIN: 110017051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Connection Fund Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a volunteer-led executive team or that executive compensation is reported under different expense categories, which would require reviewing the full Form 990 for clarification.
What is the detailed breakdown of Connection Fund Inc's program, administrative, and fundraising expenses?
The provided summary data does not include a detailed functional expense breakdown. To understand the exact percentages allocated to programs, administration, and fundraising, one would need to consult the full IRS Form 990, specifically Part IX, Statement of Functional Expenses.
Why did Connection Fund Inc's assets decrease significantly from $18.25 million in 2022 to $9.42 million in 2023?
The substantial decrease in assets by nearly $9 million in a single year (2022 to 2023) warrants investigation. This could be due to significant capital expenditures, debt repayment, or a change in investment strategy. A review of the organization's balance sheet and statement of cash flows in the full 990 would provide more insight.
Filing History
IRS 990 filing history for Connection Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connection Fund Inc's revenue has grown by 30.5%, moving from $7.4M to $9.7M. Total assets decreased by 11% over the same period, from $10.6M to $9.4M. Total functional expenses rose by 44.5%, from $7.2M to $10.5M. In its most recent filing year (2023), Connection Fund Inc reported a deficit of $769K, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $9.4M in assets (debt-to-asset ratio: 45.2%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $10.5M | $9.4M | $4.3M | — | — |
| 2022 | $10.1M | $9.3M | $18.3M | $12.1M | — | View 990 |
| 2021 | $10.1M | $9.2M | $17.0M | $11.8M | — | View 990 |
| 2020 | $9.6M | $9.4M | $14.5M | $10.0M | — | View 990 |
| 2019 | $9.8M | $9.7M | $11.7M | $7.4M | — | View 990 |
| 2018 | $10.0M | $10.2M | $11.4M | $7.8M | — | View 990 |
| 2017 | $9.8M | $10.8M | $11.4M | $7.6M | — | View 990 |
| 2016 | $10.0M | $10.1M | $11.9M | $7.2M | — | View 990 |
| 2015 | $9.5M | $9.6M | $11.8M | $6.4M | — | View 990 |
| 2014 | $9.2M | $9.2M | $11.6M | $6.6M | — | View 990 |
| 2013 | $9.3M | $9.2M | $11.7M | $6.7M | — | View 990 |
| 2012 | $8.5M | $8.6M | $10.6M | $6.2M | — | View 990 |
| 2011 | $7.4M | $7.2M | $10.6M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $10.5M, and assets of $9.4M (revenue -4.2% year-over-year).
- 2022: Revenue of $10.1M, expenses of $9.3M, and assets of $18.3M (revenue +0.6% year-over-year).
- 2021: Revenue of $10.1M, expenses of $9.2M, and assets of $17.0M (revenue +4.7% year-over-year).
- 2020: Revenue of $9.6M, expenses of $9.4M, and assets of $14.5M (revenue -2.4% year-over-year).
- 2019: Revenue of $9.8M, expenses of $9.7M, and assets of $11.7M (revenue -1.6% year-over-year).
- 2018: Revenue of $10.0M, expenses of $10.2M, and assets of $11.4M (revenue +1.8% year-over-year).
- 2017: Revenue of $9.8M, expenses of $10.8M, and assets of $11.4M (revenue -1.5% year-over-year).
- 2016: Revenue of $10.0M, expenses of $10.1M, and assets of $11.9M (revenue +5.6% year-over-year).
- 2015: Revenue of $9.5M, expenses of $9.6M, and assets of $11.8M (revenue +2.8% year-over-year).
- 2014: Revenue of $9.2M, expenses of $9.2M, and assets of $11.6M (revenue -0.6% year-over-year).
- 2013: Revenue of $9.3M, expenses of $9.2M, and assets of $11.7M (revenue +8.9% year-over-year).
- 2012: Revenue of $8.5M, expenses of $8.6M, and assets of $10.6M (revenue +14.3% year-over-year).
- 2011: Revenue of $7.4M, expenses of $7.2M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connection Fund Inc:
Data Sources and Methodology
This transparency report for Connection Fund 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.