Connectedly EIN 22-2629856

Connectedly FY2024 filing

EIN  22-2629856 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps adults 50+ live independently and age in place through innovative solutions.
Leadership
Marypat Tracy · Executive Director · $105K
Money in and out
$852K revenue, $935K expenses
Bottom line
74% program efficiency

Helps adults 50+ live independently and age in place through innovative solutions. For fiscal year 2024 it reported $852K in revenue, $935K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$852K
Pt VIII · Ln 12
Total expenses
$935K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$83K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.13 Fundraising $0.14
Program efficiency
74%
of spending reaches programs
Operating runway
14.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$852K
FY2024▼ -12%
Expenses
$935K
FY2024▲ +4%
Total assets
$1.6M
FY2024▼ -6%
Total liabilities
$169K
FY2024▼ -23%
Total revenue
$852K
Pt VIII · Ln 12
Total expenses
$935K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$83K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $628K of program spending, described in the organization's own filed words · FY2023.
01

Grandfamily resource center provides a myriad of services to grandparents raising their grandchildren. Connectedly provides at-risk children and the grandparents who are raising them with a comprehensive continuum of education, health, and social services designed especially for these families.

$277Kprogram expense
02

Philly families read together is an intergenerational program for grandparents enriching the education of their grandchildren. The main focus of the program is to improve literacy skills for children and also to improve the digital literacy skills of grandparents. Philly families read together provides weekly family literacy workshops.

$260Kprogram expense
03

Healthy lives community-based support groups connect older adults with their peers. The weekly groups are facilitated by peer leaders or volunteers who are trained and mentored by connectedly staff. Members discuss common concerns, problem-solve, provide emotional support, and exchange information and resources.

$91Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConnectedly
EINHdr · item D22-2629856
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jsown.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P83Z)
Ruling yearIRS BMFSep 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$104,874Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marypat Tracy’s $107K as Executive Director is at the 89th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marypat Tracy$107,001$104,874$99,062$94,428$93,305$61,538
Merle Drake$99,168

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$620K · 73%
Program service revenue$120K · 14%
Investment income$112K · 13%
Contributions & grants73%$620K
Program service revenue14%$120K
Investment income13%$112K
Total revenueLn 12$852K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.13 Fundraising $0.14
Program services74%$691K
Management & general13%$118K
Fundraising14%$127K
Total functional expensesLn 25$935K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$169K
Total net assetsLn 32$1.4M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $935K
14.4 months
Where the money goes
Program services
Program services $691K · Total expenses $935K
74%
Management & General
Management & general $118K · Total expenses $935K
13%
Fundraising
Fundraising $127K · Total expenses $935K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $113K · Solicited contributions (3-yr avg) $702K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $620K · Total revenue $852K
73%
Government reliance
Government grants — · Total revenue $852K
Earned-income share
Program service revenue $120K · Total revenue $852K
14%
Investment reliance
Investment income $112K · Total revenue $852K
+13%
Program self-sufficiency
Program service revenue $120K · Total expenses $935K
13%
Growth & trend
Revenue growth (YoY)
This year $852K · Prior year $966K
-12%
Revenue CAGR
FY2019 $578K · FY2023 $852K
+10%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $852K · Expenses $935K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.4M · Total assets $1.6M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $948K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
59%
People & payroll
Highest Reported Total Compensation
Individual Marypat Tracy · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $105K · Total expenses $935K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $706K · Total expenses $935K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 13%
Fundraising cost ratio 20%
Revenue growth -12%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$706K revenue · ⤓ 990 PDF
FY2024$852K revenue · viewing · ⤓ 990 PDF
FY2023$966K revenue · ⤓ 990 PDF
FY2022$931K revenue · ⤓ 990 PDF
FY2021$580K revenue · ⤓ 990 PDF
FY2020$578K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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