GREENWICH ALLIANCE FOR EDUCATION INC

EIN: 204356460 501(c)(3) Education

GREENWICH, CT

Total Revenue
$983,398
Total Expenses
$802,991
Total Assets
$2,045,800
Net Assets
$1,942,853
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CT
Principal Officer
JULIE FARYNIARZ
Tax Period
2024-07-01 to 2025-06-30

GREENWICH ALLIANCE FOR EDUCATION INC, founded in 2006, is a small nonprofit in the Education sector that reported $983K in total revenue in fiscal year 2024. The organization ran a surplus of $180K, a strong 18% operating margin.

Mission

THE ORGANIZATION HAS ITS MISSION AS AN ALLIANCE THAT MOBILIZES COMMUNITY RESOURCES TO PROVIDE OPPORTUNITIES AND SERVICES THAT FOSTER EDUCATIONAL SUCCESS FOR ALL GREENWICH PUBLIC SCHOOLS STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $159,500

SCHOLARSHIP FUND - THE ORGANIZATION PROVIDES ADVANCEMENT VIA INDIVIDUAL DETERMINATION STUDENTS (AVID STUDENTS), SUPPORT IN THE FORM OF ADDITIONAL FINANCIAL AID, TO HELP THEM COMPLETE THEIR COLLEGE...

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SCHOLARSHIP FUND - THE ORGANIZATION PROVIDES ADVANCEMENT VIA INDIVIDUAL DETERMINATION STUDENTS (AVID STUDENTS), SUPPORT IN THE FORM OF ADDITIONAL FINANCIAL AID, TO HELP THEM COMPLETE THEIR COLLEGE EDUCATION. AVID STUDENTS INCLUDE STUDENTS FROM GROUPS TRADITIONALLY UNDERREPRESENTED ON COLLEGE CAMPUSES, WHO HAVE GREAT ACADEMIC POTENTIAL. THE PROGRAM GIVES GIFT CARDS TO PURCHASE BOOKS AND SUPPLIES FOR THEIR FRESHMAN YEAR IN COLLEGE. BEGINNING IN THEIR SOPHOMORE YEAR OF COLLEGE AND CONTINUING THROUGH TO THEIR SENIOR YEAR, STUDENTS APPLY FOR SCHOLARSHIPS.

Program 2
Expenses: $120,131

TUNING IN TO MUSIC (TITM) - THE ORGANIZATION HAS FORMED A PARTNERSHIP WITH GREENWICH PUBLIC SCHOOL MUSIC EDUCATORS AND THE CONNECTICUT SCHOOL OF MUSIC. THE CORE STRATEGY OF THIS PROGRAM IS TO SUPPORT...

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TUNING IN TO MUSIC (TITM) - THE ORGANIZATION HAS FORMED A PARTNERSHIP WITH GREENWICH PUBLIC SCHOOL MUSIC EDUCATORS AND THE CONNECTICUT SCHOOL OF MUSIC. THE CORE STRATEGY OF THIS PROGRAM IS TO SUPPORT DEDICATED STUDENTS, NOMINATED BY GREENWICH PUBLIC SCHOOL MUSIC TEACHERS, IN GRADES4-12, WHO COULD NOT OTHERWISE AFFORDTHIS OPPORTUNITY, TO RECEIVEPRIVATE INSTRUMENTAL LESSONS WITH THECONNECTICUTSCHOOL OF MUSIC TEACHERS FOR 25 WEEKS AFTERSCHOOL AND A YEAR-END RECITAL. THIS PROGRAM OPENS ACCESS FOR THE STUDENTS TO PARTICIPATE IN THE DISTRICT'S MUSIC ENSEMBLES BECAUSE THEY HAVE BETTER SKILLS AND INCREASED CONFIDENCE DEVELOPED FROM WORKING ONE-ON-ONE IN A PRIVATE LESSON.

Program 3
Expenses: $208,854

REACHING OUT GRANTS (ROG) - THE ORGANIZATION PROVIDES GRANTS TO FUND INNOVATION, EXPAND OPPORTUNITIES, INSPIRE EDUCATORS AND RAISE ACHIEVEMENT FOR ALL STUDENTS, THROUGH THEIR PARTNERSHIP WITH...

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REACHING OUT GRANTS (ROG) - THE ORGANIZATION PROVIDES GRANTS TO FUND INNOVATION, EXPAND OPPORTUNITIES, INSPIRE EDUCATORS AND RAISE ACHIEVEMENT FOR ALL STUDENTS, THROUGH THEIR PARTNERSHIP WITH GREENWICH SCHOOLS AND COMMUNITY ORGANIZATIONS. THE PROGRAM AIMS TO REDUCE OPPORTUNITY GAPS FOR STUDENTS FROM UNDERSERVED FAMILIES AND TO PILOT INNOVATIVE EDUCATIONAL PROGRAMMING FOR ALL STUDENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $716,187
Program Service Revenue $0
Investment Income $99,737
Other Revenue $167,474
TOTAL REVENUE $983,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,666
Fundraising Expenses $52,256
Program Expenses $652,004
Other Expenses $570,325
TOTAL EXPENSES $802,991

Year-over-Year Comparison

2024 2023 Change
Revenue $983,398 $966,902 +0.0%
Expenses $802,991 $740,455 +0.1%
Net Income $180,407 $226,447 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE CHAUDHRI VICE CHAIR 5.00
Officer Director
$0 $0 $0
ALISSA PECORA TREASURER 5.00
Officer Director
$0 $0 $0
MICHELE TURK DIRECTOR 5.00
Director
$0 $0 $0
GABRIEL CID DIRECTOR 5.00
Director
$0 $0 $0
MARC D'AMICO DIRECTOR 5.00
Director
$0 $0 $0
BILL FINGER DIRECTOR 5.00
Director
$0 $0 $0
JOHN FISHER DIRECTOR 5.00
Director
$0 $0 $0
JILL FLOOD DIRECTOR 5.00
Director
$0 $0 $0
HILARY HOFFMEISTER DIRECTOR 5.00
Director
$0 $0 $0
LEILA HORN DIRECTOR 5.00
Director
$0 $0 $0
CINDY LYALL DIRECTOR 5.00
Director
$0 $0 $0
DANIELLE JEAN-GUILLAUME SITTOL DIRECTOR 5.00
Director
$0 $0 $0
KATHLEEN STOWE DIRECTOR 5.00
Director
$0 $0 $0
NANCY WEISSLER DIRECTOR 5.00
Director
$0 $0 $0
INVONNE ZUCCO DIRECTOR 5.00
Director
$0 $0 $0
ANN CARABILLO DIRECTOR 5.00
Director
$0 $0 $0
GIA BURTON CHAIR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $983,398 $802,991 $2,045,800 $180,407
2024 No data No data No data No data
2023 $965,212 $677,884 $1,596,615 $287,328
2022 $1,060,045 $533,682 $1,335,051 $526,363
2021 $598,583 $513,745 $846,805 $84,838
2020 $497,168 $594,835 $734,322 $-97,667
2019 $611,629 $504,452 $808,271 $107,177
2018 $460,668 $453,363 $699,551 $7,305
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