New Fairfield Community Foundation Inc
- Assets
- $256.8k
- Revenue
- $25.0k
- Investments
- $202.2k
- Employees
- 0
- Location
- New Fairfield, CT
- Founding
- 02/1999
- Data as of
- 12/2017
- EIN
- 06-1528030
Organization Overview
New Fairfield Community Foundation Inc is located in New Fairfield, CT. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Fairfield 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 12/2017, New Fairfield Community Foundation Inc generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $13.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR THE GREATER NEW FAIRFIELD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOG FUND ( DOG OWNERS GROUP)MISSION:THE PURPOSE OF THE DOG FUND IS TO ESTABLISH, AND SUPPORT, ASSIST IN THE CREATION AND ONGOING MAINTENANCE OF A FENCED-IN, OFF-LEASH PARK WHERE WELL BEHAVED DOGS CAN EXERCISE IN A CLEAN, SAFE ENVIRONMENT WITHOUT ENDANGERING PROPERTY, WILDLIFE OR FELLOW CITIZENS. IN ADDITION THE FUND PLANS TO PROVIDE SUPPORT SHOULD THERE BE ANY INCOME AVAILABLE, TO THE NEW FAIRFIELD/ SHERMAN ANIMAL WELFARE AND ASSISTANCE TO SENIOR CITIZENS, WHO THROUGH ESTABLISHED SOCIAL SERVICES DEMONSTRATE A NEED BASIS TO KEEP THEIR PETS HEALTHY. DURING 2015 REPLACED FENCING, ADDED TRASH CANS, SIGNAGE, SUPPLIES AND PAVED SIDEWALK TO ENTRANCE OF DOG PARK.
THE FOUNDATION OPERATES NUMEROUS OTHER FUNDS IN SUPPORT OF NEW FAIRFIELD. THESE INCLUDE THE WIGGINS, PATRIOT, EDUCATION, BEAUTIFICATION, LISA WHALEY, EXCELLENCE IN EDUCATION, SCORE, ENCORE, THE DEBBIE, WIGGINS AND PEGGY B FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Kerner Director | Trustee | 5 | $0 |
Joe Garufi Director | Trustee | 10 | $0 |
Barbara Leonhardt Director | Trustee | 5 | $0 |
Dana Welles Chairperson | Officer | 20 | $0 |
Joseph A Galasso Treasurer | Officer | 5 | $0 |
Janet Hansen Secretary | Officer | 5 | $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 | $1,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,571 |
| Total Program Service Revenue | $0 |
| Investment income | $3,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,375 |
| Fees for services: Other | $0 |
| Advertising and promotion | $378 |
| Office expenses | $453 |
| Information technology | $0 |
| 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 | $1,978 |
| All other expenses | $93 |
| Total functional expenses | $13,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $202,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,814 |
| Total assets | $256,839 |
| Accounts payable and accrued expenses | $3,235 |
| 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 | $0 |
| Total liabilities | $3,235 |
| Unrestricted restricted net Assets | $143,188 |
| Temporarily restricted net Assets | $90,416 |
| Permanently restricted net Assets or current funds | $20,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $253,604 |