Liberty Bank Foundation
- Assets
- $40.8m
- Revenue
- $11.0m
- Investments
- $39.5m
- Employees
- 0
- Location
- Middletown, CT
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 06-1479957
Organization Overview
Liberty Bank Foundation is located in Middletown, CT. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Bank 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 12/2023, Liberty Bank Foundation generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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, Liberty Bank Foundation has awarded 1,281 individual grants totaling $10,084,249. 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.
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) | Role | Hours | Compensation |
|---|---|---|---|
David Glidden President And CEO | 1.2 | $0 | |
Douglas Anderson Chairman | 1.2 | $0 | |
Dr Elsa Nunez Director | 1.2 | $0 | |
Fred Erikson Outgoing Assistant Secretary | 1.2 | $0 | |
Kathy Doucette Treasurer | 1.2 | $0 | |
Mary Faber Assistant Secretary | 1.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $603,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $353,845 |
| Capital Gain Net Income | $353,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,957,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $170,558 |
| Contributions, gifts, grants paid | $1,412,772 |
| Total expenses and disbursements | $1,583,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,336,557 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,816,789 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $934 |
| Total liabilities | $934 |
Grants Awarded
Over the last fiscal year, Liberty Bank Foundation has awarded $1,453,742 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS CONNECTICUT CHAPTER PURPOSE: TO SUPPORT TURKIYE EARTHQUAKE DISASTER RELIEF | $10,000 |
AMITY TEEN CENTER INC PURPOSE: TO SUPPORT THE LIFE SKILLS EDUCATION PROGRAM | $5,000 |
ARTS COUNCIL OF GREATER NEW HAVEN PURPOSE: TO SUPPORT THE YOUTH ARTS JOURNALISM INITIATIVE (YAJI) | $5,000 |
BOYS & GIRLS CLUB OF THE LOWER NAUGATUCK VALLEY PURPOSE: TO SUPPORT THE AFTER SCHOOL PROGRAMS | $5,000 |
BEULAH LAND DEVELOPMENT CORPORATION PURPOSE: TO SUPPORT THE DIXWELL/NEW HAVEN AFFORDABLE HOUSING INITIATIVE | $25,000 |
ACCESS COMMUNITY ACTION AGENCY INC PURPOSE: TO SUPPORT ACCESS TO EMPLOYMENT - CASE MANAGEMENT | $5,000 |