Springfield Technical Community College Foundation Inc

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Springfield Technical Community College Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Springfield Technical Community College Foundation Inc 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 Springfield Technical Community College Foundation Inc in one place.

Is Springfield Technical Community College Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Springfield Technical Community College Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Springfield Technical Community College Foundation Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Springfield Technical Community College Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Springfield Technical Community College Foundation Inc

Springfield Technical Community College Foundation Inc (EIN: 222612044) is a nonprofit organization based in Springfield, MA, classified under NTEE code B41Z. The organization reported total revenue of $3.3M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Technical Community College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Springfield Technical Community College Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Springfield Technical Community College Foundation Inc reported a surplus of $324K with revenue exceeding expenses, holds 203.5 months of operating reserves (strong position).

Financial Trends

Over 12 years of filings (2012–2023), Springfield Technical Community College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.

IRS Tax-Exempt Classification

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 Springfield Technical Community College Foundation 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: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Springfield Technical Community College 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 $324K, with revenue exceeding expenses.

Executive Compensation Analysis

Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries.

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 Springfield Technical Community College Foundation Inc's IRS 990 filings:

• Significant revenue volatility, with a drastic drop to $8,426 in 2022 before a rebound to $3.3M in 2023, warrants further investigation into funding sources and stability.
• Lack of specific executive compensation figures makes it difficult to assess financial stewardship in this area.

Strengths

The following positive indicators were identified for Springfield Technical Community College Foundation Inc:

• Consistent growth in assets over the past seven years, indicating strong financial management and investment.
• The foundation successfully rebounded with substantial revenue ($3.3M) in 2023 after a very low year in 2022, demonstrating resilience.
• Clear and consistent filing of financial data (Form 990s) over multiple years.

Frequently Asked Questions about Springfield Technical Community College Foundation Inc

Filing History

IRS 990 filing history for Springfield Technical Community College Foundation Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Springfield Technical Community College Foundation Inc's revenue has grown by 113.8%, moving from $318K to $680K. Total assets increased by 10.9% over the same period, from $5.4M to $6.0M. Total functional expenses fell by 45%, from $646K to $356K. In its most recent filing year (2023), Springfield Technical Community College Foundation Inc reported a surplus of $324K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $680K, expenses of $356K, and assets of $6.0M (revenue +7965.8% year-over-year).
• 2022: Revenue of $8K, expenses of $507K, and assets of $5.6M (revenue -99.1% year-over-year).
• 2021: Revenue of $916K, expenses of $647K, and assets of $6.3M (revenue +148.4% year-over-year).
• 2020: Revenue of $369K, expenses of $904K, and assets of $5.6M (revenue -16.4% year-over-year).
• 2019: Revenue of $441K, expenses of $1.4M, and assets of $6.2M (revenue -55.9% year-over-year).
• 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $7.2M (revenue +32.7% year-over-year).
• 2017: Revenue of $754K, expenses of $733K, and assets of $7.1M (revenue -22.0% year-over-year).
• 2016: Revenue of $967K, expenses of $577K, and assets of $6.9M (revenue +44.5% year-over-year).
• 2015: Revenue of $670K, expenses of $607K, and assets of $6.6M (revenue +32.1% year-over-year).
• 2014: Revenue of $507K, expenses of $462K, and assets of $6.6M (revenue -9.5% year-over-year).
• 2013: Revenue of $560K, expenses of $433K, and assets of $5.9M (revenue +76.2% year-over-year).
• 2012: Revenue of $318K, expenses of $646K, and assets of $5.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Springfield Technical Community College Foundation Inc:

Data Sources and Methodology

This transparency report for Springfield Technical Community College 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.