Main Street Community Foundation

Organization Overview

Main Street Community Foundation is located in Bristol, CT. The organization was established in 1996. 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, Main Street Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Community Foundation 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, Main Street Community Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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 2015, Main Street Community Foundation has awarded 296 individual grants totaling $5,184,898. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE FOR BOTH PRESENT AND FUTURE GENERATIONS IN THE COMMUNITIES WE SERVE. WE ACCOMPLISH OUR MISSION BY ENCOURAGING AND PROMOTING: GIFT PLANNING, PRUDENT STEWARDSHIP OF ASSETS, EFFECTIVE GRANT MAKING AND COMMUNITY LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES GRANTS TO ELIGIBLE NON-PROFIT COMMUNITY ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, COMMUNITY DEVELOPMENT AND OUTREACH, EDUCATION, HEALTH, HUMAN SERVICES, ENVIRONMENT AND ANIMAL WELFARE AND COVID-19 PANDEMIC RESPONSE.


THE FOUNDATION'S SCHOLARSHIP PROGRAM BRINGS TOGETHER STUDENTS IN NEED AND DONORS WHO CARE ABOUT EDUCATION TO ENABLE MORE STUDENTS TO ACHIEVE THEIR EDUCATIONAL DREAMS. THE FOUNDATION BELIEVES THAT AN INVESTMENT IN AREA STUDENTS IS AN INVESTMENT IN OUR COMMUNITY. THE IMPACT OF THIS INVESTMENT WILL BE REALIZED LONG BEYOND THE DEGREE OBTAINED. THE FOUNDATION CURRENTLY ADMINISTERS OVER 80 NAMED SCHOLARSHIP FUNDS THAT HAVE BEEN ESTABLISHED BY INDIVIDUALS, FAMILIES, BUSINESSES AND OTHER ORGANIZATIONS.


GRANTS FROM AGENCY ENDOWMENT FUNDS ESTABLISHED BY AN UNRELATED ENTITY WHICH USES ITS OWN FUNDS FOR ITS OWN BENEFIT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Susan Sadecki
President & CEO
$151,571
Marguerite P Fletcher
Chair Of The Board
$0
Scott Fournier
Vice Chair
$0
Daniel J Daigle
Treasurer
$0
David J Aldieri
Secretary
$0
Kristine J Dargenio
Assistant Secretary
$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$1,973,276
Noncash contributions included in lines 1a–1f $559,294
Total Revenue from Contributions, Gifts, Grants & Similar$1,973,276
Total Program Service Revenue$226,780
Investment income $797,844
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,796,455
Net Income from Fundraising Events $54,767
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,850,372

Grants Awarded

Over the last fiscal year, Main Street Community Foundation has awarded $737,923 in support to 41 organizations.

Grant RecipientAmount

CITY OF BRISTOL

PURPOSE: PARK MAINTENANCE/LIBRARY SUPPORT

$112,989

Bristol, CT

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$54,959

TUNXIS COMMUNITY COLLEGE FOUNDATION INC

Org PageRecipient Profile

Farmington, CT

PURPOSE: GENERAL SUPPORT

$38,500

UNITED WAY OF WEST CENTRAL CT

Org PageRecipient Profile

Bristol, CT

PURPOSE: GENERAL/UNRESTRICTED OPERATING SUPPORT COVID-19

$37,974

BOYS & GIRLS CLUB OF BRISTOL FAMILY CENTER

Org PageRecipient Profile

Bristol, CT

PURPOSE: SUPPORT FOR YOUTH PROGRAMS/UNRESTRICTED OPERATING SUPPORT COVID-19

$37,830

WEST CEMETERY ASSOCIATION

Org PageRecipient Profile

Bristol, CT

PURPOSE: CHAPEL MAINTENANCE

$31,040
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Main Street Community Foundation has recieved totaling $7,000.

Awarding OrganizationAmount
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc

Bristol, CT

PURPOSE: GRANT TO CHARITABLE ORGANIZATION

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,277,662
Earnings$3,260,011
Admin Expense$646,581
Net Contributions$1,961,091
Grants$950,224
Ending Balance$25,901,959

Create an account to unlock the data you need.

or