Peoples United Community Foundation
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $62.1m
- Employees
- 0
- Location
- Bridgeport, CT
- Founding
- 01/2009
- Data as of
- 10/2022
- EIN
- 20-8675365
Organization Overview
Peoples United Community Foundation is located in Bridgeport, CT. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Peoples United Community Foundation 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 10/2022, Peoples United Community Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $61.2m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Peoples United Community Foundation has awarded 846 individual grants totaling $66,264,670. 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 |
|---|---|---|---|
Jack P Barnes Chairman | 1 | $0 | |
Marina C Henninger Treasurer | 1 | $4,536 | |
Arthur F Casavant Vice President | 1 | $0 | |
Michael J Casparino Vice President | 1 | $0 | |
Karen T Galbo Executive Dir. | 40 | $102,022 | |
Armando F Goncalves Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,811 |
| Interest on Savings | $24,570 |
| Dividends & Interest | $773,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,772,685 |
| Capital Gain Net Income | $1,772,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,660,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,060 |
| Other employee salaries and wages | $10,232 |
| Pension plans, employee benefits | $2,558 |
| Interest | $0 |
| Taxes | $42,148 |
| Depreciation | $0 |
| Occupancy | $2,960 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,402 |
| Total operating and administrative expenses | $256,814 |
| Contributions, gifts, grants paid | $60,926,428 |
| Total expenses and disbursements | $61,183,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235 |
| Savings and temporary cash investments | $2,516,900 |
| Net Accounts receivable | $101,842 |
| 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 | $14,412 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,562,158 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $14,446 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Peoples United Community Foundation has awarded $60,926,428 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHMENT PURPOSE: SEE ATTACHMENT | $1,167,685 |
THE MT CHARITABLE FOUNDATION PURPOSE: TRANSFER OF ASSETS UPON TERMINATION | $59,758,743 |