Connecticut Community Foundation Inc
- Assets
- $150.8m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Waterbury, CT
- Founding
- 04/1933
- Data as of
- 12/2023
- EIN
- 06-6038074
Organization Overview
Connecticut Community Foundation Inc is located in Waterbury, CT. The organization was established in 1933. 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. As of 12/2023, Connecticut Community Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut 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 12/2023, Connecticut Community Foundation Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 6.5% 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, Connecticut Community Foundation Inc has awarded 1,763 individual grants totaling $40,957,885. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOSTERS AN EQUITABLE AND INCLUSIVE COMMUNITY IN GREATER WATERBURY AND LITCHFIELD HILLS BY INSPIRING GENEROSITY, SUPPORTING ORGANIZATIONS, AND CULTIVATING EFFECTIVE LEADERS.
Describe the Organization's Program Activity:
SUPPORTING NONPROFIT ORGANIZATIONS IN GREATER WATERBURY AND THE LITCHFIELD HILLS FOR PROGRAMS AND SERVICES IN THE ARTS, HEALTH, OLDER ADULTS, EDUCATION, ENVIRONMENT, SOCIAL SERVICES AND WOMEN'S ISSUES; PROVIDING SCHOLARSHIPS FOR COLLEGE STUDENTS; STRENGTHENING NONPROFIT ORGANIZATIONS THROUGH GRANTS AND TECHNICAL ASSISTANCE PROGRAMS; AND PROVIDING LEADERSHIP TO ADDRESS CRITICAL ISSUES IN OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Giardina Chair | OfficerTrustee | 1 | $0 |
Kathy Bower Vice Chair | OfficerTrustee | 1 | $0 |
Jean Solomon Treasurer | OfficerTrustee | 1 | $0 |
Subira Gordon Secretary | OfficerTrustee | 1 | $0 |
Barbara Bradbury-Pape Trustee (through 9/23) | Trustee | 1 | $0 |
Kathleen Brochhausen Trustee | Trustee | 1 | $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 | $9,965,508 |
| Noncash contributions included in lines 1a–1f | $116,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,965,508 |
| Total Program Service Revenue | $0 |
| Investment income | $4,094,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $562,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,938,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,226,671 |
| Grants and other assistance to domestic individuals. | $1,084,909 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $409,352 |
| Compensation of current officers, directors, key employees. | $111,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,161,670 |
| Pension plan accruals and contributions | $81,512 |
| Other employee benefits | $150,212 |
| Payroll taxes | $108,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,669 |
| Fees for services: Accounting | $29,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,043 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,955 |
| Office expenses | $38,646 |
| Information technology | $90,369 |
| Royalties | $0 |
| Occupancy | $94,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,058 |
| Insurance | $22,378 |
| All other expenses | $0 |
| Total functional expenses | $10,017,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,972,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $193,504 |
| 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 |
| Net Land, buildings, and equipment | $6,593 |
| Investments—publicly traded securities | $144,144,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $511,245 |
| Total assets | $150,828,054 |
| Accounts payable and accrued expenses | $58,868 |
| Grants payable | $329,051 |
| 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 | $127,138 |
| Total liabilities | $515,057 |
| Net assets without donor restrictions | $150,161,708 |
| Net assets with donor restrictions | $151,289 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $150,828,054 |
Grants Awarded
Over the last fiscal year, Connecticut Community Foundation Inc has awarded $4,577,494 in support to 201 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: ELEVATING PARENT VOICES TO IMPROVE EQUITY FOR MULTILINGUAL LEARNERS | $15,000 |
ACTS 4 MINISTRY PURPOSE: 2023 GIVE LOCAL CAMPAIGN | $10,787 |
AFTER SCHOOL ARTS PROGRAM PURPOSE: 2023 GIVE LOCAL CAMPAIGN; SCHOOL YEAR PROGRAMS AT CHILDREN'S COMMUNITY SCHOOL (WATERBURY) | $29,124 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: COMMUNITY PARTNERSHIPS TO GROW PROGRAM ACCESS IN WATERBURY | $7,000 |
AMERICAN CANCER SOCIETY PURPOSE: FOR GENERAL SUPPORT | $110,166 |
AMERICAN HEART ASSOCIATION PURPOSE: FOR GENERAL SUPPORT | $110,166 |