Southern Connecticut State University Foundation Inc

Organization Overview

Southern Connecticut State University Foundation Inc is located in New Haven, CT. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Connecticut State University 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 06/2022, Southern Connecticut State University Foundation Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 3.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, CULTURAL,(CONTINUED ON SCHEDULE O) EDUCATIONAL AND RECREATIONAL PURPOSES TO PROMOTE THE OBJECTIVES AT SOUTHERN CONNECTICUT STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY.


UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY.


UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS.


OTHER


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Board, Officers & Key Employees

Name (title)Compensation
John Mezzanotte
Chair
$0
Michael Kingan
Executive Director
$0
David Vance
Treasurer
$0
Krista Hayes
Business Manager
$0
Jocelynne Rainey
Director
$0
Lindy Gold
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ki Concerts Llc
Travel For Student Trip
$250,325
American Program Bureau Inc
Entertainer-distinguished Lecture Paymen
$120,913
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$70,185
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,675,386
Noncash contributions included in lines 1a–1f $186,979
Total Revenue from Contributions, Gifts, Grants & Similar$5,745,571
Total Program Service Revenue$54,488
Investment income $6,082
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $975,703
Net Income from Fundraising Events -$15,052
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,766,792

Grants Awarded

Over the last fiscal year, Southern Connecticut State University Foundation Inc has awarded $2,855,060 in support to 2 organizations.

Grant RecipientAmount

SOUTHERN CT STATE UNIVERSITY

PURPOSE: SCHOLARSHIP & GRANTS $ 1,415,206

$2,808,060

SOUTHERN CT STATE UNIVERSITY ALUMN ASSOCIATION

Org PageRecipient Profile

New Haven, CT

PURPOSE: FUNDRAISING FOR THE FOUNDATION

$47,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 35 grants that Southern Connecticut State University Foundation Inc has recieved totaling $1,093,946.

Awarding OrganizationAmount
Amour Propre Fund Inc

New Haven, CT

PURPOSE: GENERAL PURPOSE

$500,000
Stutzman Fam Foundation

Naples, FL

PURPOSE: FOR 2021 PLEDGE- STUTZMAN FOUNDATION MUSIC SCHOLARSHIP

$256,819
Economic Development Corporation Of New Haven

New Haven, CT

PURPOSE: To serve as a catalyst for attracting human and capital investment to the city and its neighborhoods.

$170,457
Wheeler Clinic Inc

Plainville, CT

PURPOSE: THE SOR MINI-GRANT IS USED FOR CAMPUS OPIOID AND STIMULANT EDUCATION AND AWARENESS PROGRAMS.

$45,000
Hartford Foundation For Public Giving

Hartford, CT

PURPOSE: SCHOLARSHIPS

$26,500
Paul L Jones Fund

Waterbury, CT

PURPOSE: SCHOLARSHIPS

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,077,101
Earnings-$4,555,578
Admin Expense$588,249
Net Contributions$1,508,937
Grants$1,222,283
Ending Balance$32,219,928

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