G L Connolly Foundation
G L Connolly Foundation consistently maintains strong assets and zero executive compensation, demonstrating financial stability.
EIN: 200247328 · Raymond, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.2M |
| Total Expenses | $519K |
| Program Spending | 90% |
| Net Assets | $7.4M |
| Transparency Score | 90/100 |
Search Intent Cockpit
G L Connolly Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
G L Connolly Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around G L Connolly Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $583K and expenses of $519K.
Revenue and Expenses
G L Connolly Foundation reported $583K in revenue and $519K in expenses, a surplus of $64K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is G L Connolly Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $467K (90%) |
Across stored filings, G L Connolly Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Raymond, ME nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
G L Connolly Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About G L Connolly Foundation
G L Connolly Foundation (EIN: 200247328) is a nonprofit organization based in Raymond, ME. The organization reported total revenue of $23.2M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of G L Connolly Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
G L Connolly Foundation is a large nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $583K |
| Total Expenses | $519K |
| Surplus / Deficit | +$64K |
| Total Assets | $7.4M |
| Total Liabilities | $1 |
| Net Assets | $7.4M |
| Operating Margin | 10.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.7 months |
Financial Health Grade: A
In 2023, G L Connolly Foundation reported a surplus of $64K with revenue exceeding expenses, holds 171.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), G L Connolly Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | +28.6% | +0.9% |
| 2022 | -10.5% | +60.7% | +3.3% |
| 2021 | +36.2% | -51.4% | +7.3% |
| 2020 | +22.4% | -4.8% | +0.4% |
| 2019 | +36.5% | -18.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 G L Connolly Foundation with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, G L Connolly Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The G L Connolly Foundation consistently reports 0% officer compensation across all ten available filings, indicating that no executive salaries are paid, which is highly unusual for an organization of its asset size and annual revenue.
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 G L Connolly Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- NTEE code unknown, limiting understanding of specific mission area
Strengths
The following positive indicators were identified for G L Connolly Foundation:
- Consistent reporting of 0% officer compensation
- Strong and growing asset base ($7.43 million in 2023)
- Positive net income in recent years (e.g., $63,783 in 2023)
- Minimal liabilities ($1 in 2023 and 2022)
- Long history of consistent IRS 990 filings (10 filings)
Frequently Asked Questions about G L Connolly Foundation
Is G L Connolly Foundation a legitimate charity?
G L Connolly Foundation (EIN: 200247328) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $23.2M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does G L Connolly Foundation spend its money?
G L Connolly Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to G L Connolly Foundation tax-deductible?
G L Connolly Foundation is registered as a tax-exempt nonprofit (EIN: 200247328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is G L Connolly Foundation located?
G L Connolly Foundation is headquartered in Raymond, Maine and files with the IRS under EIN 200247328.
How many years of IRS 990 filings does G L Connolly Foundation have?
G L Connolly Foundation has 10 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 $23.2M in total revenue.
Is G L Connolly Foundation a good charity?
Based on the available data, the G L Connolly Foundation appears to be a financially sound organization with strong assets, consistent positive net income in recent years, and a notable commitment to not paying executive compensation. These factors suggest it is a well-managed entity.
How does the foundation manage its expenses without officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation likely operates with volunteer leadership or that any administrative functions are handled by staff whose compensation is categorized differently, or through outsourced services not classified as officer pay. This is a significant factor in its operational model.
What is the trend in the foundation's assets?
The foundation's assets have shown a positive trend in recent years, growing from $6.64 million in 2020 to $7.43 million in 2023, indicating successful financial management and growth of its endowment.
What is the foundation's primary source of revenue?
While the specific breakdown of revenue sources is not provided, the consistent revenue figures (e.g., $582,992 in 2023, $660,389 in 2022) suggest a stable funding model, likely from investments, grants, or contributions, given its foundation structure.
Filing History
IRS 990 filing history for G L Connolly Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), G L Connolly Foundation's revenue has grown by 184%, moving from $205K to $583K. Total assets decreased by 9.4% over the same period, from $8.2M to $7.4M. Total functional expenses fell by 23.1%, from $675K to $519K. In its most recent filing year (2023), G L Connolly Foundation reported a surplus of $64K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $583K | $519K | $7.4M | $1 | — | — |
| 2022 | $660K | $404K | $7.4M | $1 | — | View 990 |
| 2021 | $738K | $251K | $7.1M | $1 | — | View 990 |
| 2020 | $542K | $517K | $6.6M | $1 | — | View 990 |
| 2019 | $442K | $543K | $6.6M | $0 | — | View 990 |
| 2015 | $324K | $662K | $6.6M | $0 | — | View 990 |
| 2014 | $299K | $665K | $7.0M | $0 | — | View 990 |
| 2013 | $270K | $737K | $7.4M | $437 | — | View 990 |
| 2012 | $41K | $421K | $7.8M | $780 | — | View 990 |
| 2011 | $205K | $675K | $8.2M | $304 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $583K, expenses of $519K, and assets of $7.4M (revenue -11.7% year-over-year).
- 2022: Revenue of $660K, expenses of $404K, and assets of $7.4M (revenue -10.5% year-over-year).
- 2021: Revenue of $738K, expenses of $251K, and assets of $7.1M (revenue +36.2% year-over-year).
- 2020: Revenue of $542K, expenses of $517K, and assets of $6.6M (revenue +22.4% year-over-year).
- 2019: Revenue of $442K, expenses of $543K, and assets of $6.6M (revenue +36.5% year-over-year).
- 2015: Revenue of $324K, expenses of $662K, and assets of $6.6M (revenue +8.5% year-over-year).
- 2014: Revenue of $299K, expenses of $665K, and assets of $7.0M (revenue +10.7% year-over-year).
- 2013: Revenue of $270K, expenses of $737K, and assets of $7.4M (revenue +558.2% year-over-year).
- 2012: Revenue of $41K, expenses of $421K, and assets of $7.8M (revenue -80.0% year-over-year).
- 2011: Revenue of $205K, expenses of $675K, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for G L Connolly Foundation:
Data Sources and Methodology
This transparency report for G L Connolly 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.