Goodwin University Magnet Schools
Goodwin University Magnet Schools reported $26.7 million in revenue and $22.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.95 went to program services, $0.05 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 66.1% of the total. The highest compensation it reported for one person was $977,428 (PRESIDENT AND CEO). Revenue rose 53% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 66.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 33.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $977,428 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.37% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Goodwin University Magnet Schools, located in east hartford and surrounding communities, serves students in grades pre-k through 6 and 9 through 12. The schools collectively offer exciting curriculum that develops cognitive, social, language, physical and creative skill sets to a diverse student body. The schools offer access to nature and prepare students for the pursuit of knowledge in many areas of interest, including environmental and other sciences while breaking down barriers
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Director/trustee, officer, 1.90 hrs/week | $0 | $952,365 | $25,063 | $977,428 |
| SECRETARY/SENIOR VP Director/trustee, officer, 5.00 hrs/week | $0 | $869,289 | $8,885 | $878,174 |
| TREASURER/VP FINANCE/CFO Director/trustee, officer, 6.00 hrs/week | $0 | $410,671 | $49,078 | $459,749 |
0 people received more than $100,000 in reportable compensation from Goodwin University Magnet Schools (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 64
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| INTEGRATED HEALTH SERVICES INC On-site health professionals | $600,573 |
| SSC INC Security services | $328,112 |
| CREC TRANSPORTATION Student transportation | $203,803 |
| HORIZON SERVICES CORPORATION Janitorial services | $165,474 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Goodwin University Magnet Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Goodwin University Magnet Schools, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Goodwin University Magnet Schools spent in FY2025, $99.95 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Auxiliary Services State University College at OswegoOswego, NY · revenue $27M · programs 94.3% · FY2025
- Nashoba Learning GroupBedford, MA · revenue $27M · programs 88.8% · FY2025
- San Francisco Day SchoolSan Francisco, CA · revenue $27M · programs 74.9% · FY2025
- VMI FoundationLexington, VA · revenue $27M · programs 82.2% · FY2025
- The Einstein GroupNew Orleans, LA · revenue $27M · programs 72.3% · FY2025
Questions people ask
How much of Goodwin University Magnet Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Goodwin University Magnet Schools reported that 100.0% of its $22.4 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Goodwin University Magnet Schools pay its top executive?
The largest total compensation Goodwin University Magnet Schools reported for one person in the fiscal year ending June 30, 2025 was $977,428, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Goodwin University Magnet Schools get its money?
Of $26.7 million in revenue in the fiscal year ending June 30, 2025, 66.1% came from contributions and grants (including 3.5% from government grants) and 33.8% from program service revenue (Form 990, Part VIII).
Is Goodwin University Magnet Schools a registered charity?
The IRS lists EIN 81-0703802 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349312731 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349302400 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411249349300021 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341349349300374 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241269349301019 · read the filing
All filings for EIN 81-0703802: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.