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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Maryam Elahi President And CEO | OfficerTrustee | 40 | $214,442 |
Alison Woods Vice President And Cdo | 40 | $136,889 | |
Janet Grant CFO | Officer | 40 | $117,413 |
Jennifer O'brien Program Manager | 40 | $109,043 | |
Lynn Malerba Chair | OfficerTrustee | 4 | $0 |
Edwin Higgins III Vice Chair | OfficerTrustee | 4 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,139,656 |
Grants and other assistance to domestic individuals. | $971,429 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $256,492 |
Compensation of current officers, directors, key employees. | $64,124 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $730,327 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $121,184 |
Payroll taxes | $70,130 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $390,838 |
Fees for services: Other | $17,408 |
Advertising and promotion | $14,637 |
Office expenses | $5,891 |
Information technology | $59,283 |
Royalties | $0 |
Occupancy | $11,100 |
Travel | $12,190 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,598 |
Interest | $683 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,560 |
Insurance | $6,157 |
All other expenses | $19,531 |
Total functional expenses | $10,944,649 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,784,311 |
Pledges and grants receivable | $8,246 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $55,553 |
Net Land, buildings, and equipment | $420,200 |
Investments—publicly traded securities | $112,516,397 |
Investments—other securities | $5,631,625 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $123,416,332 |
Accounts payable and accrued expenses | $176,442 |
Grants payable | $1,486,411 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $169,873 |
Total liabilities | $1,832,726 |
Net assets without donor restrictions | $116,339,448 |
Net assets with donor restrictions | $5,244,158 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $123,416,332 |
Over the last fiscal year, we have identified 33 grants that Community Foundation Of Eastern Connecticut has recieved totaling $343,377.
Awarding Organization | Amount |
---|---|
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 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |