Eversource Energy Foundation Inc
- Assets
- $3.4m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 06-1527290
Organization Overview
Eversource Energy Foundation Inc is located in Hartford, CT. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Eversource Energy 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 12/2022, Eversource Energy Foundation Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.6% each year . All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eversource Energy Foundation Inc has awarded 1,333 individual grants totaling $18,415,839. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Nolan Jr Chairman Of The Board | 2 | $0 | |
Theresa Hopkins-Staten President | 2 | $0 | |
Florence J Iacono Secretary | 2 | $0 | |
John M Moreira Treasurer | 2 | $0 | |
O Kay Comendul Assistant Secretary | 2 | $0 | |
James W Hunt III Executive Director & Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $4,161 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $8,004,204 |
| 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 | $45,289 |
| Contributions, gifts, grants paid | $5,203,830 |
| Total expenses and disbursements | $5,249,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,428,426 |
| 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 | $3,428,426 |
| Accounts payable and accrued expenses | $62,783 |
| Grants payable | $226,250 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $289,033 |
Grants Awarded
Over the last fiscal year, Eversource Energy Foundation Inc has awarded $5,693,439 in support to 467 organizations.
| Grant Recipient | Amount |
|---|---|
1269 CAFE MINISTRIES (NH) PURPOSE: COMMUNITY IMPACT GRANT 2022 | $2,500 |
3 POINT FOUNDATION (MA) PURPOSE: SUPPORT FOR THE PROGRAMS AND SERVICES | $10,000 |
365 DAD (MA) PURPOSE: COMMUNITY IMPACT GRANT | $5,000 |
4H EDUCATION CENTER AT AUERFARM INC (CT) PURPOSE: SUPPORT FOR THE FALL FESTIVAL PROGRAMS | $1,500 |
AHERN CHARITABLE FOUNDATION (MA) PURPOSE: SUPPORT FOR THE ORGANIZATIONS PROGRAMS/SERVICES | $5,000 |
ALWAYS HOME (CT) PURPOSE: SUPPORT FOR THE HOMELESS PROGRAMS AND SERVICES | $2,000 |