Community Foundation Of Eastern Connecticut

Organization Overview

Community Foundation Of Eastern Connecticut is located in New London, CT. The organization was established in 1983. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Eastern Connecticut employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Eastern Connecticut is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Community Foundation Of Eastern Connecticut generated $10.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PHILANTHROPIC ORG THAT PROMOTES GIVING FOR COMMUNITY IMPACT THROUGH GRANTMAKING AND SCHOLARSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL GRANTS:PROVIDE SUPPORT TO VARIOUS 501C(3) ORGANIZATIONS IN OUR FORTY-TWO TOWN SERVICE AREA. FOCUS ON EMPOWERING YOUTH, BASIC NEEDS AND RIGHTS, PRESERVING THE ENVIRONMENT AND ADVANCING ANIMAL WELFARE. GRANTS ARE AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE,OR BY BOARD APPROVED DONOR ADVISED RECOMMENDATIONS.


SCHOLARSHIP AWARDS:TUITION ASSISTANCE FOR STUDENTS WHO ARE JUST ENTERING COLLEGE AND THOSE WHO ARE ALREADY ENROLLED. SCHOLARSHIPS ARE ALSO AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE.


WOMEN & GIRLSONE OF THE FOUNDATION'S LONG STANDING INITIATIVES IS ITS WOMEN & GIRLS FUND. RELATED GRANTS SUPPORT ISSUES SUCH AS DOMESTIC VIOLENCE PREVENTION, TEEN PREGNANCY PREVENTION, AND OTHER ISSUES FACING WOMEN AND GIRLS.


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Board, Officers & Key Employees

Name (title)Compensation
Maryam Elahi
President And CEO
$214,442
Alison Woods
Vice President And Cdo
$136,889
Janet Grant
CFO
$117,413
Jennifer O'brien
Program Manager
$109,043
Lynn Malerba
Chair
$0
Edwin Higgins III
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,534,994
Noncash contributions included in lines 1a–1f $3,265,788
Total Revenue from Contributions, Gifts, Grants & Similar$8,534,994
Total Program Service Revenue$0
Investment income $1,945,734
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,480,728

Grants Recieved

Over the last fiscal year, we have identified 33 grants that Community Foundation Of Eastern Connecticut has recieved totaling $343,377.

Awarding OrganizationAmount
Fiduciary Charitable Foundation

Boston, MA

PURPOSE: DONATIONS

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$45,540
Chester Kitchings Family Foundation

Orlando, FL

PURPOSE: GENERAL OPERATING

$35,000
Edward And Mary Lord Foundation

North Franklin, CT

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$30,116
Dalio Family Fund Inc

Westport, CT

PURPOSE: RESTRICTED TO SUPPORT THE DISENGAGED AND DISCONNECTED YOUTH IN EASTERN CONNECTICUT

$25,000
William Caspar Graustein Memorial Fund

Hamden, CT

PURPOSE: CFECT FUND FOR RACIAL JUSTICE

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$107,671,303
Earnings$10,691,473
Admin Expense$1,442,726
Net Contributions$8,530,519
Grants$9,111,085
Ending Balance$116,339,484

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