Michael J Connell Memorial Fund Trust
Only null% goes to programs Declining revenue
Michael J Connell Memorial Fund Trust is a 501(c)(3) organization based in Santa Barbara, California, registered in 1947, with $102,022 in FY2024 revenue. CharityIndex grades it F.
317 E Carrillo St, Santa Barbara, CA, 93101 EIN 95-6032559 Since 1947
Revenue (FY2024)
$102K
▼ 81.7% vs prior year
Education median: $200K
Expenses (FY2024)
$6.7M
Net assets
$904K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Michael J Connell Memorial Fund Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating2 mo reserves · -6425% 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 Michael J Connell Memorial Fund Trust: 2 mo reserves · -6425% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Michael J Connell Memorial Fund Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Michael J Connell Memorial Fund Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 317 E Carrillo St, Santa Barbara, CA, 93101
- City
- Santa Barbara
- State
- California
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue declined from $929K (FY2014) to $102K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $904K
Operating margin
-6425.3%
Spent more than it raised in the latest fiscal year.
Total assets
$904K
Total liabilities
$0
Net assets
$904K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $102,022▼81.7% | $6,657,285▼18.7% | $903,759▼87.9% | $903,759▼87.9% | 990 |
| 2023 | $557,951▼31.0% | $8,191,385▲637% | $7,459,022▼50.6% | $7,459,022▼50.6% | 990 |
| 2022 | $808,622▼46.4% | $1,111,654▲2.9% | $15,092,456▼2.0% | $15,092,456▼2.0% | 990 |
| 2021 | $1,508,950▲136% | $1,080,008▲2.0% | $15,395,488▲2.9% | $15,395,488▲2.9% | 990 |
| 2020 | $639,270▼9.3% | $1,059,084▲7.6% | $14,966,546▼2.7% | $14,966,546▼2.7% | 990 |
| 2019 | $704,992▼46.9% | $983,935▼6.2% | $15,386,360▼1.8% | $15,386,360▼1.8% | 990 |
| 2018 | $1,328,319▲182% | $1,048,844▲2.0% | $15,665,303▲1.8% | $15,665,303▲1.8% | 990 |
| 2017 | $471,462▼55.7% | $1,028,690▲3.8% | $15,385,828▼3.5% | $15,385,828▼3.5% | 990 |
| 2016 | $1,063,179▼16.3% | $991,395▼9.5% | $15,943,056▲0.5% | $15,943,056▲0.5% | 990 |
| 2015 | $1,270,859▲36.8% | $1,095,832▲9.8% | $15,871,272▲1.1% | $15,871,272▲1.1% | 990 |
| 2014 | $928,698 | $998,073 | $15,696,246 | $15,696,246 | 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.
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Frequently asked questions
- Is Michael J Connell Memorial Fund Trust a legitimate nonprofit?
- Yes. Michael J Connell Memorial Fund Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-6032559, based in Santa Barbara, California. Donations are tax-deductible.
- What is Michael J Connell Memorial Fund Trust's EIN?
- Michael J Connell Memorial Fund Trust's Employer Identification Number (EIN) is 95-6032559.
- How much revenue does Michael J Connell Memorial Fund Trust report?
- Michael J Connell Memorial Fund Trust reported $102,022 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael J Connell Memorial Fund Trust have?
- CharityIndex grades Michael J Connell Memorial Fund Trust F, based on financial health (reserves and operating margin).
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Data for Michael J Connell Memorial Fund Trust (EIN 95-6032559) 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.