Civic Intelligence

Guilford Fund for Education Inc

EIN 20-8879908 • 501(c)3 • Guilford, CT

Profile

The guilford fund for education inc. Provides financial support to public and private tax exempt educational organizations for projects, programs and initiatives that foster innovation and excellence in education for all students residing in guilford, ct.

800 Village Walk 269Guilford, CT 06437-2762

www.gffe.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

48th percentile

-2.9%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

116%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$400,581

Down $12,023 (-2.9%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$400,581

Down $12,023 (-2.9%) from 2022

Revenue

Up

$88,214

Up $47,390 (+116%) from 2022

Expenses

Down

$100,237

Down $19,723 (-16%) from 2022

Net Income

Up

-$12,023

Up $67,113 (+85%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $290,726Liabilities 2012: $02012Assets 2013: $327,720Liabilities 2013: $02013Assets 2014: $323,096Liabilities 2014: $0Net Assets 2014: $323,0962014Assets 2015: $358,528Liabilities 2015: $0Net Assets 2015: $358,5282015Assets 2016: $385,376Liabilities 2016: $0Net Assets 2016: $385,3762016Assets 2017: $412,172Liabilities 2017: $0Net Assets 2017: $412,1722017Assets 2018: $429,455Liabilities 2018: $02018Assets 2019: $467,042Liabilities 2019: $02019Assets 2020: $478,673Liabilities 2020: $02020Assets 2021: $569,515Liabilities 2021: $0Net Assets 2021: $569,5152021Assets 2022: $412,604Liabilities 2022: $0Net Assets 2022: $412,6042022Assets 2023: $400,581Net Assets 2023: $400,5812023

Highlighted filing

2023

Assets$400,581
Liabilities-
Net Assets$400,581

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2012: $54,544Expenses 2012: $37,597Net Income 2012: $16,9472012Revenue 2013: $63,262Expenses 2013: $26,268Net Income 2013: $36,9942013Revenue 2014: $42,992Expenses 2014: $47,616Net Income 2014: -$4,6242014Revenue 2015: $58,475Expenses 2015: $23,043Net Income 2015: $35,4322015Revenue 2016: $45,183Expenses 2016: $18,335Net Income 2016: $26,8482016Revenue 2017: $55,942Expenses 2017: $29,146Net Income 2017: $26,7962017Revenue 2018: $51,778Expenses 2018: $34,495Net Income 2018: $17,2832018Revenue 2019: $30,072Expenses 2019: $37,044Net Income 2019: -$6,9722019Revenue 2020: $21,868Expenses 2020: $10,237Net Income 2020: $11,6312020Revenue 2021: $43,604Expenses 2021: $64,340Net Income 2021: -$20,7362021Revenue 2022: $40,824Expenses 2022: $119,960Net Income 2022: -$79,1362022Revenue 2023: $88,214Expenses 2023: $100,237Net Income 2023: -$12,0232023

Highlighted filing

2023

Revenue$88,214
Expenses$100,237
Net Income-$12,023

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$91,363
Mission and Program Overview

Mission

The guilford fund for education inc. Provides financial support to public and private tax exempt educational organizations for projects, programs and initiatives that foster innovation and excellence in education for all students residing in guilford, ct.

Provide funds to finance education opportunities outside the regular scope of the operating budgets of the applying agency

Program Services

DescriptionGrantsExpenses
CNC Laser Grant to Guilford High School. The CNC Laser Grant will fund a CAMFive C02 laser cutter to be used as a resource for the students at Guilford High School. By interacting with this new technology students will be able to become excited about education and be able to design creatively without being limited by technology.$24,931$24,931
Project Ascent at Calvin Leete Elementary School. Project Ascent is a multifaceted climbing initiative designed to improve physical and mental capabilities in a fun and challenging environment. The initiative features a multifaceted kinesthetic discovery center complete with climbing ropes pullup bar cargo net climbing wall and TRX bands. The rock climbing wall is a 10ft x 20ft dynamic movement center complete with moveable handholds and challenges for students of varying abilities.$12,460$12,460
Digital Music Production STEM grant to Guilford High School.With this new course created by the GHS Music Department and the equipment funded by the GFFE grant students will experience music production in the digital age. The course is offered to all students but will appeal specifically to those who choose to be behind the scenes rather than on stage performing music. Students will learn how a song is written recorded and produced with equipment used in the music industry. Students will learn recording techniques live concert sound production and DJ mixing technology.$9,423$9,423
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NiCole SchlagheckChairPT$0--
Andrew CorpuelTreasurerPT$0--
Meg TeapeSecretaryPT$0--
Holly CluneMember-$0--
Lauren DennehyMember-$0--
Banu Ozkanzanc PanMember-$0--
Jennifer Labbadia-ConlonMemberPT$0--
Liz SteinMember-$0--
Emily PerilloMember-$0--
Allison FranksMember-$0--
Julie FitzpatrickMember-$0--
Katie JonesMember-$0--
Veena KapadiaMember-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spelling Bee$11,042$0$1,508$-1,508
Total Events$11,042$0$1,508$-1,508
Filing and Contact Details

Filer

Filer Name
Guilford Fund for Education Inc
EIN
20-8879908
In Care Of
% Veena Kapadia
Address
800 VILLAGE WALK 269, GUILFORD, CT 06437-2762

Signing Officer

Name
Andrew Corpuel
Title
Treasurer
Signed
2023-11-14
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 10

| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Support educational and cultural activities outside the normal scope of the budget, Guilford Public School, "55 Park Street Guilford CT. 06437", $67784.00, None| support educational and cultural actives outside the scope of the organizations budget, Guilford Performing Arts, "85 Church Street Guilford CT. 06437", $7600.00, None| grant to support educational and cultural activities outside the scope of the organizations budget, North Guilford Nursery School, "169 Ledge Hill Rd Guilford Ct 06437", $983.00, None| support educational and cultural activities outside the scope of the organizations budget, Community Nursery School, "262 Sachem Head Rd Guilford CT. 06437", $960.00, None| Scholarship, grantee, "given to two graduation seniors in the community", $4000.00, No Relationship| donation to Project Graduation, Project Graduation, "Guilford CT", $200.00, None|

Part I, line 16

| Other Expenses:, Amount:| bank charges and fees for PayPal Wix Square, $1170.00| insurance, $433.00| Marketing and Publicity, $3679.00| Technology expenses $212 Quickbooks expense $600 tax filing fee $101, $921.00| miscellaneous costs, $216.00| investment expenses, $2088.00| Kids Spelling Bee, $150.00|

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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt054276
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt031351
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt034110
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt013476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt024241
IRS990ScheduleA/Total509Grp/TotalAmt0157454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt091363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt040823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt043695
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt013476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt024241
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0213598
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011042
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt011042
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01508
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Spelling Bee
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt011042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt011042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1508
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01508
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01508
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Support educational and cultural activities outside the normal scope of the budget, Guilford Public School, "55 Park Street Guilford CT. 06437", $67784.00, None| support educational and cultural actives outside the scope of the organizations budget, Guilford Performing Arts, "85 Church Street Guilford CT. 06437", $7600.00, None| grant to support educational and cultural activities outside the scope of the organizations budget, North Guilford Nursery School, "169 Ledge Hill Rd Guilford Ct 06437", $983.00, None| support educational and cultural activities outside the scope of the organizations budget, Community Nursery School, "262 Sachem Head Rd Guilford CT. 06437", $960.00, None| Scholarship, grantee, "given to two graduation seniors in the community", $4000.00, No Relationship| donation to Project Graduation, Project Graduation, "Guilford CT", $200.00, None|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| bank charges and fees for PayPal Wix Square, $1170.00| insurance, $433.00| Marketing and Publicity, $3679.00| Technology expenses $212 Quickbooks expense $600 tax filing fee $101, $921.00| miscellaneous costs, $216.00| investment expenses, $2088.00| Kids Spelling Bee, $150.00|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Andrew Corpuel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GUILFORD FUND FOR EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GUIL
ReturnHeader/Filer/EIN0208879908
ReturnHeader/Filer/ForeignPhoneNum02038485054
ReturnHeader/Filer/InCareOfNm0% Veena Kapadia
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 VILLAGE WALK 269
ReturnHeader/Filer/USAddress/CityNm0GUILFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd0064372762
ReturnHeader/ReturnTs02023-11-14T06:07:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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