Community Foundation Of Central Connecticut Inc
- Assets
- $2.6m
- Revenue
- $171.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Meriden, CT
- Founding
- 01/1998
- Data as of
- 06/2020
- EIN
- 06-1484149
Organization Overview
Community Foundation Of Central Connecticut Inc is located in Meriden, CT. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Central Connecticut 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 06/2020, Community Foundation Of Central Connecticut Inc generated $171.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $264.3k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Foundation Of Central Connecticut Inc has awarded 42 individual grants totaling $692,051. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO PROVIDE FOR THE CHARITABLE WISHES OF DONORS WHO DESIRE TO ESTABLISH LONG-TERM SUPPORT FOR FAMILIES AND INDIVIDUALS THROUGH THE UNITED WAY AND ITS CHARITABLE AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICIT, MANAGE & INVEST ASSETS TO GENERATE INCOME TO BE CONTRIBUTED TO VARIOUS LOCAL CHARITIES.
SOLICIT, MANAGE & INVEST ASSETS TO GENERATE INCOME TO BE CONTRIBUTED TO VARIOUS LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Bonamico Treasurer | OfficerTrustee | $0 | |
Name Not Listed Director | Trustee | $0 | |
Jane Ashton Director | Trustee | $0 | |
Roger Kemp Director | Trustee | $0 | |
Weston Ulbrich Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,865 |
| Investment income | $0 |
| 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 | $171,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $423 |
| Information technology | $324 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $686 |
| All other expenses | $0 |
| Total functional expenses | $264,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,332 |
| Savings and temporary cash investments | $140,858 |
| 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 | $0 |
| Investments—publicly traded securities | $2,423,653 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,575,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $74,370 |
| Total liabilities | $74,370 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,501,473 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Central Connecticut Inc has awarded $454,730 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
JONAL PURPOSE: FUND ACTIVITIES | $39,800 |
JONAL PURPOSE: FUND ACTIVITIES | $39,800 |
MERIDEN BOYS & GIRLS CLUB PURPOSE: FUND ACTIVITIES | $30,904 |
MERIDEN BOYS & GIRLS CLUB PURPOSE: FUND ACTIVITIES | $30,904 |
UNITED WAY OF MERIDEN & WALL PURPOSE: FUND ACTIVITIES | $23,150 |
UNITED WAY OF MERIDEN & WALL PURPOSE: FUND ACTIVITIES | $23,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Central Connecticut Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
William Caspar Graustein Memorial Fund Hamden, CT PURPOSE: PROVIDING TRUSTED COVID-19 VACCINE INFORMATION FOR LATINO COMMUNITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |