Massachusetts · Nonprofit
THE SQUARED NETWORK
THE SQUARED NETWORK (Massachusetts) receives grants from 11 organizations whose IRS filings report $1,225,172 to it, the largest being THE CHILDREN'S EDUCATION INITIATIVE ($321,792). 3 of them have funded it in more than one year.
- Revenue FY2025
- $2.5M
- Funders on record
- 11
- Grants received
- $1.2M
- Net assets
- $2.0M
What The Squared Network does
Mission
We aim to expand the impact of the squared experience by forging new partnerships between incredible students, host campuses, and financial supporters.
As stated on its FY2025 Form 990.
Programs
Kent squared is the organization's flagship residential site, operated on the campus of kent school in kent, connecticut. It provides multi-summer, tuition-free academic enrichment to first-generation, low-income high school students, pairing rigorous stem instruction with college-access advising, residential life, and enrichment programming. During the summer 2025 session the program served 57 students on a residential basis. Direct-service costs include instruction, student stipends and travel, program supplies, residential operations, and campus services provided by kent school.
$397,555 spent55% of program spendingGeneral programs - The Squared Network aims to expand a stem and college access program for first-generation and low-income students. Our "general program" is the part of our company that focuses on expansion, identifying partner schools, raising funds to launch new programs, and strategizing operations across our network of programs.
$296,603 spent41% of program spendingMiddlesex squared is the organization's second residential site, launching in summer 2026 on the campus of middlesex school in concord, massachusetts. During the year the program was in pre-launch development: building the site team, designing the program with the host campus, and completing the operational, staffing, and compliance groundwork required to open. First-generation, low-income students will be served beginning in the inaugural 2026 session.
$26,152 spent4% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $720,310.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $470k to $2.1M (+339%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of THE SQUARED NETWORK’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Nicholas Favaloro
CEO
Board chair
Garland Lasater
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE SQUARED NETWORK’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE SQUARED NETWORK leans on a few funders — its largest provides 26% of grant income and the top three 63%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
55% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE SQUARED NETWORK.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
THE SQUARED NETWORK draws 100% of its grant income from funders outside Massachusetts, across 6 states in all.
Funder states come from each funder’s own filing. $347k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE SQUARED NETWORK runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Organizations like THE SQUARED NETWORK
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for THE SQUARED NETWORK: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE SQUARED NETWORK?
- THE SQUARED NETWORK (Massachusetts) receives grants from 11 organizations whose IRS filings report $1,225,172 to it, the largest being THE CHILDREN'S EDUCATION INITIATIVE ($321,792). 3 of them have funded it in more than one year.
- How many funders does THE SQUARED NETWORK have?
- IRS filings report 11 organizations giving $1,225,172 in grants to THE SQUARED NETWORK, 3 of which have funded it in more than one year.
- Who is the largest funder of THE SQUARED NETWORK?
- THE CHILDREN'S EDUCATION INITIATIVE is the largest funder on record, with $321,792 in grants. The full list of funders is on this page.
- How can an organization like THE SQUARED NETWORK find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Squared Network →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing