Area Cooperative Educational Services
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Area Cooperative Educational Services is a 501(c)(3) organization based in New Haven, Connecticut, registered in 2024, with $176,770,995 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
370 James Street, New Haven, CT, 06513 EIN 06-0881700 Since 2024
Revenue (FY2024)
$176.8M
▼ 2.9% vs prior year
Education median: $200K
Expenses (FY2024)
$156.0M
Net assets
$247.7M
Employees
1,305
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Area Cooperative Educational Services: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Area Cooperative Educational Services: 19 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Area Cooperative Educational Services: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Area Cooperative Educational Services: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To empower our students,member districts,and other clients to meet educational and lfe challengesin the global environment byproviding collaborative,customized,cost effectivesolutions to meet identified needs of our educational community.
Contact & location
- Address
- 370 James Street, New Haven, CT, 06513
- City
- New Haven
- State
- Connecticut
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $82.7M (FY2013) to $176.8M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $37.7MNet assets $247.7M
Operating margin
11.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$285.3M
Total liabilities
$37.7M
Net assets
$247.7M
Salaries & benefits
$72.3M
46% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $176,770,995▼2.9% | $156,001,265▲7.7% | $247,651,292▲9.2% | $285,344,002▲12.6% | 990 |
| 2023 | $181,996,060▲67.8% | $144,869,586▲46.0% | $226,881,562▲99.9% | $253,313,133▲101% | 990 |
| 2017 | $108,477,171▲13.3% | $99,193,226▲9.2% | $113,479,505▲7.8% | $125,992,856▲10.1% | 990 |
| 2016 | $95,726,740▼5.1% | $90,877,507▲1.0% | $105,224,549▼1.4% | $114,389,395▼15.0% | 990 |
| 2015 | $100,896,702▲25.1% | $89,963,508▲13.0% | $106,677,584▲40.6% | $134,541,779▲63.0% | 990 |
| 2014 | $80,677,415▼2.5% | $79,623,352▲2.3% | $75,885,934▲1.4% | $82,539,438▲3.3% | 990 |
| 2013 | $82,727,985 | $77,855,780▲5.9% | $74,831,871▲7.0% | $79,866,396▲2.8% | 990 |
| 2012 | — | $73,490,606▲2.3% | $69,959,666▲9.2% | $77,704,976▲5.4% | 990 |
| 2011 | — | $71,821,244▼3.4% | $64,057,311▲5.4% | $73,743,926▲4.6% | 990 |
| 2010 | — | $74,371,965▲2.1% | $60,752,883▲1.6% | $70,501,008▼0.7% | 990 |
| 2009 | — | $72,812,013 | $59,810,091 | $71,015,517 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Thomas M Danehy — $395,520 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas M Danehy | Executive Director | 40 | $395,520 |
| Timothy Howes | Assistant Directored | 40 | $274,360 |
| William Rice | Assistant Edcurriculum | 40 | $227,495 |
| Lisa A Simone | Director of Fiscal Services | 40 | $201,816 |
| Rebbeca Cueves | Director of Human Capital | 40 | $199,088 |
| Emily Freel | Director of Curriculum | 40 | $192,910 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| O and G Industries | Construction | $27,253,661 |
| First Student | School Busing | $4,256,866 |
| Lasses Livery Service | Busing Spec Ed T | $2,185,262 |
| Dattco | Busing | $2,004,096 |
| Usi Ct | Insurance | $1,908,016 |
Grants received · $22K total
1 grant to Area Cooperative Educational Services totaling $22K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Greater New Haven | To support building modifications and a learning/lending library at whitney academy which serves individuals with visual impairments. | 2024 | $22,000 |
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Frequently asked questions
- Is Area Cooperative Educational Services a legitimate nonprofit?
- Yes. Area Cooperative Educational Services is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0881700, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Area Cooperative Educational Services's EIN?
- Area Cooperative Educational Services's Employer Identification Number (EIN) is 06-0881700.
- How much revenue does Area Cooperative Educational Services report?
- Area Cooperative Educational Services reported $176,770,995 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Area Cooperative Educational Services's spending goes to programs?
- Area Cooperative Educational Services spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Area Cooperative Educational Services have?
- CharityIndex grades Area Cooperative Educational Services A, based on program efficiency and fundraising cost.
- How much does Area Cooperative Educational Services's highest-paid employee make?
- The highest reported compensation on Area Cooperative Educational Services's latest Form 990 is $395,520, paid to Thomas M Danehy (Executive Director).
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Data for Area Cooperative Educational Services (EIN 06-0881700) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.