Civic Intelligence

Hartford Marathon Foundation Inc

990 • Fiscal year 2022 • EIN 06-1415320

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 19, 2023

351 Main StreetEast Hartford, CT 06118

(860) 652-8866

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.15x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

29th percentile

-3.3%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$200,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

8th percentile

-20%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

2.3%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,476,454

Down $372,027 (-20%) from 2021

Net Assets

Down

$1,251,935

Down $215,970 (-15%) from 2021

Liabilities

Down

$224,519

Down $156,057 (-41%) from 2021

Revenue

Up

$2,630,130

Up $58,828 (+2.3%) from 2021

Expenses

Up

$2,717,105

Up $559,572 (+26%) from 2021

Net Income

Down

-$86,975

Down $500,744 (-121%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $401,688Liabilities 2010: $85,428Net Assets 2010: $316,2602010Assets 2011: $639,643Liabilities 2011: $143,669Net Assets 2011: $495,9742011Assets 2012: $935,385Liabilities 2012: $252,443Net Assets 2012: $682,9422012Assets 2013: $1,097,419Liabilities 2013: $212,249Net Assets 2013: $885,1702013Assets 2014: $970,668Liabilities 2014: $205,656Net Assets 2014: $765,0122014Assets 2015: $1,009,343Liabilities 2015: $205,159Net Assets 2015: $804,1842015Assets 2016: $1,055,753Liabilities 2016: $233,936Net Assets 2016: $821,8172016Assets 2017: $901,591Liabilities 2017: $32,793Net Assets 2017: $868,7982017Assets 2018: $1,023,534Liabilities 2018: $191,485Net Assets 2018: $832,0492018Assets 2019: $1,428,459Liabilities 2019: $285,593Net Assets 2019: $1,142,8662019Assets 2020: $1,348,377Liabilities 2020: $343,393Net Assets 2020: $1,004,9842020Assets 2021: $1,848,481Liabilities 2021: $380,576Net Assets 2021: $1,467,9052021Assets 2022: $1,476,454Liabilities 2022: $224,519Net Assets 2022: $1,251,9352022Assets 2023: $1,898,931Liabilities 2023: $491,972Net Assets 2023: $1,406,9592023Assets 2024: $2,199,315Liabilities 2024: $555,001Net Assets 2024: $1,644,3142024

Highlighted filing

2022

Assets$1,476,454
Liabilities$224,519
Net Assets$1,251,935

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,822,1332010Expenses 2011: $2,031,1632011Expenses 2012: $2,212,6132012Revenue 2013: $3,039,828Expenses 2013: $2,837,600Net Income 2013: $202,2282013Revenue 2014: $2,539,885Expenses 2014: $2,660,043Net Income 2014: -$120,1582014Revenue 2015: $2,854,233Expenses 2015: $2,789,558Net Income 2015: $64,6752015Revenue 2016: $2,860,624Expenses 2016: $2,859,918Net Income 2016: $7062016Revenue 2017: $2,719,170Expenses 2017: $2,716,027Net Income 2017: $3,1432017Revenue 2018: $2,711,352Expenses 2018: $2,698,927Net Income 2018: $12,4252018Revenue 2019: $3,067,147Expenses 2019: $2,822,975Net Income 2019: $244,1722019Revenue 2020: $1,246,227Expenses 2020: $1,431,138Net Income 2020: -$184,9112020Revenue 2021: $2,571,302Expenses 2021: $2,157,533Net Income 2021: $413,7692021Revenue 2022: $2,630,130Expenses 2022: $2,717,105Net Income 2022: -$86,9752022Revenue 2023: $2,926,832Expenses 2023: $2,834,734Net Income 2023: $92,0982023Revenue 2024: $3,032,520Expenses 2024: $2,845,544Net Income 2024: $186,9762024

Highlighted filing

2022

Revenue$2,630,130
Expenses$2,717,105
Net Income-$86,975
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 19, 2023
Return Version
2022v5.0
Gross Receipts
$2,673,532
Mission and Program Overview

Mission

The foundation's mission is to provide health and fitness opportunities for the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$628,269$627,498▼ $771
Investments in Publicly Traded Securities$692,325$580,867▼ $111,458
Cash and Non-Interest-Bearing Accounts$259,254$144,941▼ $114,313
Prepaid Expenses and Deferred Charges$64,427$44,295▼ $20,132
Pledges and Grants Receivable$155,212$37,403▼ $117,809
Land, Buildings, and Equipment, Net$36,288$29,127▼ $7,161
Inventories for Sale or Use$12,706$12,323▼ $383
Total Assets$1,848,481$1,476,454▼ $372,027
Liabilities
Accounts Payable and Accrued Expenses$221,177$190,917▼ $30,260
Deferred Revenue$159,399$33,602▼ $125,797
Total Liabilities$380,576$224,519▼ $156,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,217,905$1,040,349▼ $177,556
Net Assets With Donor Restrictions$250,000$211,586▼ $38,414
Total Net Assets Fund Balance$1,467,905$1,251,935▼ $215,970
Total Liabilities and Net Assets / Fund Balance$1,848,481$1,476,454▼ $372,027

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,127$82,420$111,547
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth G ShlugerCEO & ExecutFT$200,000-$200,000
Elizabeth G ShlugerCEO & Executive Director-$150,000$50,000$200,000

Board Members and Trustees

NameTitle
Christine AndrewsChairman
Sivasenthil ArumugamVice Chairma
Andrew WorthingtonBoard Member
Brian FoleyBoard Member
Christopher a MontrossBoard Member
Cynthia CostanzoBoard Member
Earle SmolaBoard Member
Irvin GirardBoard Member
Kate HernandezBoard Member
Kevin E VergeBoard Member
Nicole MuleBoard Member
Patrick SteigmanBoard Member
Peter HoloweskoBoard Member
Raymond HassettBoard Member
Peter a GutermannSecretary
Robert M HaggettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$674,703
Program Service Revenue
$1,875,521
Investment Income
$24,429
Other Revenue
$55,477
All Other Contributions
$674,703
Change in Net Assets
$-86,975

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table20$53,982Fair Market Value
Total Noncash Contributions20$53,982-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,627,012
Revenue Not Reported on Financial Statements
$3,118
Revenue Not Reported on Form 990
$-81,324
Total Revenue per Audited Statements
$2,545,688
Total Revenue per Form 990
$2,630,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,977,034
Salaries, Compensation, and Employee Benefits$740,071
Total Fundraising Expense$147,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$967,233$6,015$48,980$1,022,228
Other Salaries and Wages$367,896$55,107$64,128$487,131
Advertising$233,609$9,646$6,391$249,646
Current Officers, Directors, Trustees, and Key Employees$48,000$96,000$16,000$160,000
Office Expenses$61,452$37,958$1,196$100,606
Other Expenses$53,982--$53,982
Payroll Taxes$33,526$12,181$6,459$52,166
Occupancy$44,950$4,994-$49,944
Insurance$29,409$2,399-$31,808
Other Employee Benefits$22,061$3,509$1,752$27,322
Travel$24,392$1,521-$25,913
Pension Plan Contributions$8,645$3,141$1,666$13,452
Information Technology$9,638$2,409-$12,047
All Other Expenses$10,892--$10,892
Depreciation Depletion$5,178$1,881$998$8,057
Fees for Service Investment Mgmnt Fees-$3,118-$3,118
Total Functional Expenses$2,329,656$239,879$147,570$2,717,105

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,761,658
Total Expenses per Form 990$2,717,105
Expenses per Audited Statements$2,713,987
Expenses Not Reported on Form 990$47,671
Expenses Not Reported on Financial Statements$3,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provided to the board of directors before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board of directors annually signs the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The board of directors approve the compensation given to the executive director annually.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hartford Marathon Foundation Inc
EIN
06-1415320
Phone
8606528866
Address
351 MAIN STREET, EAST HARTFORD, CT 06118

Signing Officer

Name
Elizabeth G Shluger
Title
CEO & Executive Director
Phone
8606528866
Signed
2023-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth G Shluger
Formed
1994
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
16
Employees
11
Volunteers
2,400

Preparer

Firm
Mahoney Sabol & Company Llp
Address
180 GLASTONBURY BLVD STE 400, GLASTONBURY, CT 06033-4439
Preparer
Kenneth a Kron CPA
Phone
8605412000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other race day services 502,269 6,015 48,980 police and public works 319,045 0 0 athlete services 107,123 0 0 volunteer services 38,796 0 0 total 967,233 6,015 48,980

Form 990, Part XI, Line 9

Cost of merchandise sold offset against sales 42,384 cost of merchandise sold offset against sales -42,384

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cost of merchandise sold offset against sales 42,384

Schedule D, Page 4, Part XII, Line 2D

Cost of merchandise sold offset against sales 42,384

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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIRMAN
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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO PROVIDE HEALTH AND FITNESS OPPORTUNITIES FOR THE COMMUNITY.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01467905
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IRS990/OfficeExpensesGrp/FundraisingAmt01196
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IRS990/OfficeExpensesGrp/TotalAmt0100606
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022061
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027322
IRS990/OtherExpensesGrp/Desc0ATHLETE APPAREL
IRS990/OtherExpensesGrp/Desc1RACE PRIZES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTALS
IRS990/OtherExpensesGrp/Desc3CONTRIBUTED GOODS
IRS990/OtherExpensesGrp/ProgramServicesAmt0153517
IRS990/OtherExpensesGrp/ProgramServicesAmt1133758
IRS990/OtherExpensesGrp/ProgramServicesAmt2121518
IRS990/OtherExpensesGrp/ProgramServicesAmt353982
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IRS990/OtherExpensesGrp/TotalAmt1133758
IRS990/OtherExpensesGrp/TotalAmt2121518
IRS990/OtherExpensesGrp/TotalAmt353982
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt064128
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt055107
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0367896
IRS990/OtherSalariesAndWagesGrp/TotalAmt0487131
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06459
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012181
IRS990/PayrollTaxesGrp/ProgramServicesAmt033526
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IRS990/PensionPlanContributionsGrp/FundraisingAmt01666
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03141
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0155212
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064427
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044295
IRS990/PrincipalOfficerNm0ELIZABETH G SHLUGER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0713940
IRS990/ProgramServiceRevenueGrp/BusinessCd1713940
IRS990/ProgramServiceRevenueGrp/Desc0ENTRY FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER EVENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01520723
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01520723
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1354798
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0743415
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt030709
IRS990/PYOtherExpensesAmt01668663
IRS990/PYOtherRevenueAmt069723
IRS990/PYProgramServiceRevenueAmt01727455
IRS990/PYRevenuesLessExpensesAmt0413769
IRS990/PYSalariesCompEmpBnftPaidAmt0488870
IRS990/PYTotalExpensesAmt02157533
IRS990/PYTotalRevenueAmt02571302
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-86975
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01881428
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0628269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0627498
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GROSS REVENUE FROM INVENTORY SALES 504,497
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0743415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0565662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01051570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0768715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03804065
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025447
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt022303
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023082
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0124936
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08022563
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt097861
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0113703
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt034193
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0128803
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0129937
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0504497
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58600
IRS990ScheduleA/PublicSupportPY170Pct00.59670
IRS990ScheduleA/PublicSupportTotal170Amt02598073
IRS990ScheduleA/SubstantialContributorsTotAmt01205992
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0674703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0743415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0565662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01051570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0768715
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03804065
IRS990ScheduleA/TotalSupportAmt04433498
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.56$1.64$3.03$2.85$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.90$0.49$1.41$2.93$2.83$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.22$1.25$2.63$2.72$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.38$1.47$2.57$2.16$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.34$1.00$1.25$1.43$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.29$1.14$3.07$2.82$0.24
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.19$0.83$2.71$2.70$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.03$0.87$2.72$2.72$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.23$0.82$2.86$2.86$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.21$0.80$2.85$2.79$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.21$0.77$2.54$2.66$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.10$0.21$0.89$3.04$2.84$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.25$0.68$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.14$0.50$2.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.09$0.32$1.82