Eastern Ct Savings Bank Foundation Inc
- Assets
- $164.7k
- Revenue
- $557.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwich, CT
- Founding
- 04/1999
- Data as of
- 09/2023
- EIN
- 06-1539443
Organization Overview
Eastern Ct Savings Bank Foundation Inc is located in Norwich, 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. Eastern CT Savings Bank 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 09/2023, Eastern CT Savings Bank Foundation Inc generated $557.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $14.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Messier Jr Chairman | 0 | $0 | |
Charles A Seeman Director | 0 | $0 | |
Judy Jackson Director | 0 | $0 | |
Peter Shea MD Director | 0 | $0 | |
Lisa Griffin President & CEO | 0 | $0 | |
William Sweeney Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $557 |
| 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 | $0 |
| Total Revenue | $557 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154 |
| Total operating and administrative expenses | $161 |
| Contributions, gifts, grants paid | $14,200 |
| Total expenses and disbursements | $14,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,727 |
| 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 | $164,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,250 |
| 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 | $2,250 |
Grants Awarded
Over the last fiscal year, Eastern Ct Savings Bank Foundation Inc has awarded $14,200 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES DIOCESE OF NORWICH PURPOSE: TO SUPPORT THE CASE MANAGEMENT AND EMERGENCY BASIC NEEDS PROGRAM WHICH PROVIDES FOOD, CLOTHING, SHELTER, UTILITY ASSISTANCE, RENTAL ASSISTANCE, EMERGENCY TRANSPORTATION, FURNITURE TO FAMILIES AND INDIVIDUALS IN CRISIS. | $1,000 |
MADONNA PLACE INC PURPOSE: TO FUND A PORTION OF AGENCY PROGRAMS (FAMILY SUPPORT CENTER, COPE, GREAT BEGINNINGS AND FATHERHOOD INITIATIVE). PROGRAMS FOCUS ON PROVIDING BASIC NEEDS, PARENTING EDUCATION, CHILD DEVELOPMENT RESOURCES, REFERRAL TO EMERGENCY SERVICES AND MENTAL HEALTH. | $1,500 |
MARTIN HOUSE PURPOSE: TO SUPPORT THE FOOD SECURITY PROGRAM WHICH PROVIDES HEALTHY MEALS TO RESIDENTS WHO MIGHT NOT HAVE THE ABILITY TO SHOP/COOK/CLEANUP AND ALLOWS THEM TO FOCUS THEIR EFFORTS ON SOBRIETY, MENTAL/PHYSICAL HEALTH, AND EMPLOYMENT/EDUCATION. | $1,000 |
NORWICH COMMUNITY BACKPACK PROGRAM PURPOSE: TO PURCHASE BACKPACKS AND SCHOOL SUPPLIES FOR LOW-INCOME YOUTH (PRE-K THROUGH HIGH SCHOOL) FOR THE 2023 -2024 SCHOOL YEAR. | $1,500 |
NORWICH ROTARY FOUNDATION INC PURPOSE: TO HELP THE ROTARY COAT FUND WHICH PROVIDES WINTER COATS TO CHILDREN FROM LOW INCOME FAMILIES IN THE NORWICH AREA. | $1,500 |
OPERATION FUEL PURPOSE: TO SUPPORT EMERGENCY ENERGY ASSISTANCE TO LOW-INCOME FAMILIES IN NORWICH. | $1,000 |