Fairfield Countys Community Foundation Inc
- Assets
- $258.4m
- Revenue
- $46.8m
- Investments
- $168.0m
- Employees
- 42
- Location
- Norwalk, CT
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 06-1083893
Organization Overview
Fairfield Countys Community Foundation Inc is located in Norwalk, CT. The organization was established in 1991. 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 06/2022, Fairfield Countys Community Foundation Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Countys Community Foundation Inc 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 06/2022, Fairfield Countys Community Foundation Inc generated $46.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $29.1m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fairfield Countys Community Foundation Inc has awarded 2,807 individual grants totaling $132,682,227. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAIRFIELD COUNTY'S COMMUNITY FOUNDATION, (THE "COMMUNITY FOUNDATION") PARTNERS WITH OUR COMMUNITY TO CREATE A FAIRFIELD COUNTY WHERE EVERY PERSON HAS AN EQUITABLE OPPORTUNITY TO THRIVE. THE COMMUNITY FOUNDATION PROVIDES:-- PERSONALIZED PHILANTHROPIC ADVISORY SERVICES, GRANT SERVICES AND FINANCIAL STEWARDSHIP TO FUNDHOLDERS;-- COMMUNITY LEADERSHIP AND STRATEGIC, COLLABORATIVE INITIATIVES TO ADDRESS KEY REGIONAL ISSUES, SUCH AS OPPORTUNITY GAP, WOMEN AND GIRLS, AFFORDABLE HOUSING, ECONOMIC OPPORTUNITY, IMMIGRATION AND OTHER AREAS-- GRANTS, COUNSEL AND PROFESSIONAL DEVELOPMENT/LEADERSHIP AND OTHER TRAINING TO LOCAL NONPROFITS-- RESEARCH ON NONPROFITS AND CAUSES, DUE DILIGENCE AND CONSULTATION WITH AGENCIES, AND MONITORING AND EVALUATION OF GRANT PROGRAMS AND FOUNDATION INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - THE COMMUNITY FOUNDATION AWARDED AND MADE GRANTS TO 501(C)(3) ORGANIZATIONS TO SUPPORT EDUCATION AND YOUTH DEVELOPMENT, COMMUNITY AND ECONOMIC DEVELOPMENT, THE EMPOWERMENT OF WOMEN AND GIRLS, HEALTH, IMMIGRATION SUPPORT AND NONPROFIT CAPACITY BUILDING.
COMMUNITY LEADERSHIP - FAIRFIELD COUNTY'S COMMUNITY FOUNDATION PROMOTES AND SUPPORTS COLLABORATIONS, PARTNERSHIPS AND INITIATIVES TO MAKE AN IMPACT FOR WOMEN AND GIRLS, OLDER YOUTH (WHO ARE NOT IN SCHOOL OR EMPLOYED) AND IMMIGRANTS.THE COMMUNITY FOUNDATION STRENGTHENS FAIRFIELD COUNTY NONPROFITS BY PROVIDING WORKSHOPS, TRAININGS AND TECHNICAL ASSISTANCE TO AGENCIES AND THEIR STAFF & VOLUNTEERS THROUGH THE FOUNDATION'S CENTER FOR NONPROFIT EXCELLENCE.
FINANCIAL RESOURCE DEVELOPMENT - THE COMMUNITY FOUNDATION EDUCATES DONORS, AGENCIES AND THE COMMUNITY TO INCREASE LOCAL PHILANTHROPY TO PROVIDE A STRONG BASE OF SUPPORT FOR FAIRFIELD COUNTY NONPROFIT ORGANIZATIONS NOW AND IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Ford Board Chair | OfficerTrustee | 3 | $0 |
Johnna Torsone Board Vice Chair | OfficerTrustee | 3 | $0 |
Stephen Edwards Board Vice Chair | OfficerTrustee | 3 | $0 |
Christophet C Whitney Board Treasurer | OfficerTrustee | 3 | $0 |
Joette Katz Board Secretary | OfficerTrustee | 3 | $0 |
Justin Beal Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Llc Investment Advisor | 6/29/22 | $250,784 |
Ripple Effect Consulting Social Impact Consulting Services | 6/29/22 | $190,000 |
Silchester International Investors Investment Management Services | 6/29/22 | $123,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,853,843 |
| Investment income | $1,490,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,400,221 |
| Net Income from Fundraising Events | -$11,995 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,758,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $752,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $863,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,275,723 |
| Pension plan accruals and contributions | $107,498 |
| Other employee benefits | $194,459 |
| Payroll taxes | $211,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,550 |
| Fees for services: Lobbying | $5,625 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $389,809 |
| Fees for services: Other | $780,331 |
| Advertising and promotion | $64,854 |
| Office expenses | $134,162 |
| Information technology | $217,134 |
| Royalties | $0 |
| Occupancy | $275,185 |
| Travel | $1,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,883 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,555 |
| Insurance | $19,626 |
| All other expenses | $0 |
| Total functional expenses | $29,118,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,306,406 |
| Savings and temporary cash investments | $24,931,887 |
| Pledges and grants receivable | $0 |
| 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 | $153,160 |
| Investments—publicly traded securities | $57,949,750 |
| Investments—other securities | $167,979,060 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,025 |
| Total assets | $258,439,176 |
| Accounts payable and accrued expenses | $328,777 |
| Grants payable | $1,212,102 |
| 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 | $284,816 |
| Total liabilities | $1,825,695 |
| Net assets without donor restrictions | $6,582,997 |
| Net assets with donor restrictions | $250,030,484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $256,613,481 |
Grants Awarded
Over the last fiscal year, Fairfield Countys Community Foundation Inc has awarded $21,694,151 in support to 449 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR COMMUNITY EMPOWERMENT PURPOSE: FOR GENERAL SUPPORT. | $74,132 |
AMERICARES PURPOSE: FOR GENERAL SUPPORT. | $109,178 |
APOSTLE IMMIGRANT SERVICES PURPOSE: FOR GENERAL SUPPORT. | $14,000 |
ACLU FOUNDATION PURPOSE: FOR GENERAL SUPPORT. | $6,596 |
ADVOCATES FOR THE WEST PURPOSE: FOR GENERAL SUPPORT. | $10,000 |
ALBANO BALLET COMPANY PURPOSE: FOR GENERAL SUPPORT. | $10,000 |