New London Education Foundation Inc
New London Education Foundation maintains strong assets and zero liabilities with volunteer leadership.
EIN: 204524684 · New London, CT · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $84K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $667,223. |
| Net Assets | $667K |
| Transparency Score | 90/100 |
Is New London Education Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New London Education Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New London Education Foundation Inc
New London Education Foundation Inc (EIN: 204524684) is a nonprofit organization based in New London, CT, classified under NTEE code B11. The organization reported total revenue of $124K and total assets of $667K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New London Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New London Education Foundation Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $84K |
| Surplus / Deficit | +$40K |
| Total Assets | $667K |
| Net Assets | $667K |
| Operating Margin | 32.3% |
| Months of Reserves | 95.5 months |
Financial Health Grade: A
In 2023, New London Education Foundation Inc reported a surplus of $40K with revenue exceeding expenses, holds 95.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New London Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.8% | +116.3% | +7.4% |
| 2022 | -19.4% | +12.4% | -6.1% |
| 2021 | -37.7% | -76.7% | +8.1% |
| 2020 | -55.0% | -28.5% | +0.6% |
| 2019 | +9.4% | +13.7% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 New London Education Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, New London Education Foundation 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 surplus of $40K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated in a manner not classified as officer compensation, which is highly efficient for an organization of its size with assets of $667,223.
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.
Strengths
The following positive indicators were identified for New London Education Foundation Inc:
- Consistent asset growth, reaching $667,223 in 2023.
- Zero liabilities reported across all filings, indicating strong financial health and no debt.
- 0% officer compensation, suggesting highly efficient use of funds for mission-related activities.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Expenses generally well below revenue, allowing for capital accumulation.
Frequently Asked Questions about New London Education Foundation Inc
Is New London Education Foundation Inc a legitimate charity?
New London Education Foundation Inc (EIN: 204524684) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $124K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does New London Education Foundation Inc spend its money?
New London Education Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New London Education Foundation Inc tax-deductible?
New London Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204524684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New London Education Foundation Inc CEO make?
New London Education Foundation Inc's highest-compensated officer earns $667,223. annually. The organization reported $124K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New London Education Foundation Inc's spending goes to programs?
New London Education Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New London Education Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New London Education Foundation Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New London Education Foundation Inc located?
New London Education Foundation Inc is headquartered in New London, Connecticut and files with the IRS under EIN 204524684. It is classified under NTEE code B11.
How many years of IRS 990 filings does New London Education Foundation Inc have?
New London Education Foundation Inc 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 $124K in total revenue.
Is New London Education Foundation Inc. financially stable?
Yes, the organization appears financially stable, consistently holding zero liabilities and growing its assets from $182,923 in 2014 to $667,223 in 2023. Its revenue has generally exceeded expenses, contributing to this stability.
How does New London Education Foundation Inc. manage its leadership compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model, which is a highly efficient use of donor funds.
What is the trend in the organization's revenue?
Revenue has fluctuated over the past decade, with a high of $278,424 in 2019 and a low of $36,140 in 2015. The most recent year (2023) saw revenue at $123,884, indicating a moderate but consistent income stream.
Filing History
IRS 990 filing history for New London Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New London Education Foundation Inc's revenue has grown by 47.7%, moving from $84K to $124K. Total assets increased by 243.1% over the same period, from $194K to $667K. Total functional expenses fell by 6.4%, from $90K to $84K. In its most recent filing year (2023), New London Education Foundation Inc reported a surplus of $40K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $84K | $667K | $0 | — | — |
| 2022 | $63K | $39K | $621K | $0 | — | View 990 |
| 2021 | $78K | $34K | $661K | $0 | — | View 990 |
| 2020 | $125K | $148K | $612K | $0 | — | — |
| 2019 | $278K | $207K | $608K | $0 | — | View 990 |
| 2018 | $254K | $182K | $500K | $1 | — | View 990 |
| 2017 | $160K | $31K | $437K | $0 | — | View 990 |
| 2016 | $132K | $33K | $293K | $0 | — | View 990 |
| 2015 | $36K | $27K | $190K | $0 | — | View 990 |
| 2014 | $51K | $60K | $183K | $0 | — | View 990 |
| 2013 | $39K | $38K | $186K | $0 | — | View 990 |
| 2012 | $89K | $81K | $171K | $0 | — | View 990 |
| 2011 | $84K | $90K | $194K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124K, expenses of $84K, and assets of $667K (revenue +96.8% year-over-year).
- 2022: Revenue of $63K, expenses of $39K, and assets of $621K (revenue -19.4% year-over-year).
- 2021: Revenue of $78K, expenses of $34K, and assets of $661K (revenue -37.7% year-over-year).
- 2020: Revenue of $125K, expenses of $148K, and assets of $612K (revenue -55.0% year-over-year).
- 2019: Revenue of $278K, expenses of $207K, and assets of $608K (revenue +9.4% year-over-year).
- 2018: Revenue of $254K, expenses of $182K, and assets of $500K (revenue +59.2% year-over-year).
- 2017: Revenue of $160K, expenses of $31K, and assets of $437K (revenue +21.2% year-over-year).
- 2016: Revenue of $132K, expenses of $33K, and assets of $293K (revenue +265.0% year-over-year).
- 2015: Revenue of $36K, expenses of $27K, and assets of $190K (revenue -29.0% year-over-year).
- 2014: Revenue of $51K, expenses of $60K, and assets of $183K (revenue +29.1% year-over-year).
- 2013: Revenue of $39K, expenses of $38K, and assets of $186K (revenue -55.7% year-over-year).
- 2012: Revenue of $89K, expenses of $81K, and assets of $171K (revenue +6.1% year-over-year).
- 2011: Revenue of $84K, expenses of $90K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New London Education Foundation Inc:
Data Sources and Methodology
This transparency report for New London Education 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.