Ccsu Foundation Inc
- Assets
- $96.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 1
- Location
- New Britain, CT
- Founding
- 02/1974
- Data as of
- 06/2023
- EIN
- 23-7354328
Organization Overview
Ccsu Foundation Inc is located in New Britain, CT. The organization was established in 1974. 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. Ccsu 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 06/2023, Ccsu Foundation Inc generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ccsu Foundation Inc has awarded 25 individual grants totaling $8,027,067. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLEMENTING EDUCATION AT CENTRAL CONNECTICUT STATE UNIVERSITY (CCSU)
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR.
INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anabelle Diaz-Santiago Director | Trustee | 0.5 | $0 |
Anthony S Torsiello Director | Trustee | 0.5 | $0 |
Brendan Conry Outgoing Treasurer | OfficerTrustee | 2 | $0 |
Charles Jones Jr Director | Trustee | 0.5 | $0 |
Curtis Wiggins Director | Trustee | 0.5 | $0 |
George Claffey Outgoing Executive Director | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,452 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,507,724 |
| Noncash contributions included in lines 1a–1f | $61,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,563,176 |
| Total Program Service Revenue | $426,533 |
| Investment income | $4,387,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,505,400 |
| Net Income from Fundraising Events | $2,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,874,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,135,420 |
| Grants and other assistance to domestic individuals. | $2,972,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143,153 |
| Fees for services: Accounting | $203,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $448,035 |
| Fees for services: Other | $17,434 |
| Advertising and promotion | $4,357 |
| Office expenses | $33,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $131,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,888 |
| All other expenses | $24,273 |
| Total functional expenses | $5,669,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,659,939 |
| Savings and temporary cash investments | $868 |
| Pledges and grants receivable | $490,209 |
| 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 | $37,860 |
| Net Land, buildings, and equipment | $183,876 |
| Investments—publicly traded securities | $92,017,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $812,135 |
| Total assets | $96,202,485 |
| Accounts payable and accrued expenses | $2,203,500 |
| Grants payable | $0 |
| 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 | $97,041 |
| Total liabilities | $2,300,541 |
| Net assets without donor restrictions | $2,221,511 |
| Net assets with donor restrictions | $91,680,433 |
| 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 | $96,202,485 |
Grants Awarded
Over the last fiscal year, Ccsu Foundation Inc has awarded $1,135,420 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CT STATE UNIVERSITY PURPOSE: SUPPORT CCSU PROGRAMS | $988,460 |
CCSU ALUMNI ASSOCIATION PURPOSE: SUPPORT CCSU PROGRAMS | $51,072 |
UNIVERSITY OF CONNECTICUT PURPOSE: EDUCATION | $95,888 |