Connecticut Community Foundation Inc
- Assets
- $154.0m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Waterbury, CT
- Founding
- 04/1933
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Connecticut Community Foundation Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 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 1,202 individual grants totaling $27,005,929. 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
2021
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 |
|---|---|---|---|
Julie Loughran President & CEO | Officer | 40 | $182,870 |
Barbara Ryer Director Of Finance | Officer | 40 | $128,120 |
Josh Carey Grants Management Director | 40 | $102,594 | |
Deborah Foord Treasurer | OfficerTrustee | 1 | $0 |
Kathy Bower Secretary | OfficerTrustee | 1 | $0 |
Kathy Taylor Chair | OfficerTrustee | 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 | $6,336,525 |
| Noncash contributions included in lines 1a–1f | $374,139 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,336,525 |
| Total Program Service Revenue | $0 |
| Investment income | $4,031,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $472,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,174,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,818,352 |
| Grants and other assistance to domestic individuals. | $969,217 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $363,633 |
| Compensation of current officers, directors, key employees. | $25,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $952,990 |
| Pension plan accruals and contributions | $61,018 |
| Other employee benefits | $134,132 |
| Payroll taxes | $93,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,036 |
| Fees for services: Accounting | $26,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,424 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,130 |
| Office expenses | $56,852 |
| Information technology | $75,682 |
| Royalties | $0 |
| Occupancy | $92,832 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,205 |
| Insurance | $27,563 |
| All other expenses | $0 |
| Total functional expenses | $9,127,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,841,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,958 |
| 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 | $12,258 |
| Investments—publicly traded securities | $150,619,881 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $511,245 |
| Total assets | $154,014,275 |
| Accounts payable and accrued expenses | $53,511 |
| Grants payable | $533,557 |
| 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 | $196,971 |
| Total liabilities | $784,039 |
| Net assets without donor restrictions | $152,842,152 |
| Net assets with donor restrictions | $388,084 |
| 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 | $154,014,275 |
Grants Awarded
Over the last fiscal year, Connecticut Community Foundation Inc has awarded $4,990,845 in support to 204 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: FOR PARKER ROGNESS ADVISED FUND | $146,746 |
Waterbury, CT PURPOSE: GIVE LOCAL 2021; FINANCIAL FORECASTING FOR FUTURE FACILITY; COMMUNITY GARDEN | $142,015 |
Watertown, CT PURPOSE: GIVE LOCAL 2021; SYMPHONY'S EDUCATIONAL MISSION; TO PROVIDE COMPENSATION FOR MUSICIANS AND GUEST ARTISTS; COMPENSATION OF THE CONDUCTOR; 2021 COMMUNITY JAZZ PROGRAM; BRAVO WATERBURY SUMMER SESSION 2021 | $140,710 |
Waterbury, CT PURPOSE: GIVE LOCAL 2021; HOMELESS MEDICAL RESPITE PROGRAM; MERRIMAN CULINARY PROGRAM; WOMEN DAY PROGRAM | $115,851 |
Waterbury, CT PURPOSE: GIVE LOCAL 2021; MEALS ON WHEELS TRUCK REPLACEMENT & REPAIRS; SYSTEM INTEGRATION UPGRADE; BRASS (BRINGING RESOURCES TO ACTION TO SERVE SENIORS) | $112,196 |
Naugatuck, CT PURPOSE: GIVE LOCAL 2021; INFANT AND TODDLER DAYCARE EXPANSION; SENIOR EXERCISE AND WELL-BEING; FIT CLUB 8TH GRADE INITIATIVE; STRATEGIC PLANNING, STAFF AND BOARD DEVELOPMENT; HOUSING CAPACITY INCREASE; SENIORS STAYING CONNECTED; LIVESTRONG | $111,750 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Connecticut Community Foundation Inc has recieved totaling $548,891.
| Awarding Organization | Amount |
|---|---|
Chase Collegiate School Foundation Inc Waterbury, CT PURPOSE: ESTABLISH DONOR ADVISED FUND | $200,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $95,515 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $68,000 |
The United Way Of Greater Waterbury Inc Waterbury, CT PURPOSE: GENERAL USE | $30,000 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: GIVE LOCAL | $29,708 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR ADAPTIVE LEADERSHIP FOR SMALL NONPROFITS | $26,875 |
Endowment Analysis
| Beg. Balance | $127,410,666 |
| Earnings | $18,581,567 |
| Admin Expense | $2,386,327 |
| Net Contributions | $3,847,282 |
| Grants | $4,942,712 |
| Ending Balance | $142,510,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |