Founders Hall Foundation Inc

Organization Overview

Founders Hall Foundation Inc is located in Ridgefield, CT. The organization was established in 2001. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Founders Hall Foundation Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founders Hall 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 12/2020, Founders Hall Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $970.2k during the year ending 12/2020. While expenses have increased by 1.7% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDERS HALL IS DEDICATED TO PROVIDING A DIVERSE PROGRAM OF SOCIAL, EDUCATIONAL AND PHYSICAL FITNESS PROGRAMS FOR TODAY'S ACTIVE SENIORS IN A WARM, FUN AND STIMULATING ATMOSPHERE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEMESTER PROGRAMS: OUR DIVERSE AND DYNAMIC PROGRAMMING OFFERS OPPORTUNITIES FOR LIFE-LONG LEARNING. IN 2021, MORE THAN 3,300 PEOPLE WERE INSPIRED BY CLASSES IN ART, TECHNOLOGY, CURRENT EVENTS, GENEALOGY, HISTORY, INVESTMENTS, LITERATURE, LANGUAGES, MUSIC, WRITING AND MORE. OVER 75 FOUNDERS HALL INSTRUCTORS TAUGHT SENIOR LEARNERS; AND, THOSE LEARNERS BROUGHT LIFETIMES OF WISDOM TO THE DISCUSSION, ENRICHING THE EXPERIENCE FOR ALL. MEMBERS EXPRESSED THEIR CREATIVITY THROUGH CLASSES IN CHORUS, DRAWING, PORTRAITURE, WATERCOLORS, OIL PAINTING, WEAVING, QUILTING, SEWING, KNITTING, CROCHETING, RUG HOOKING AND WOOD CARVING. STILL IN THE MIDST OF THE COVID-19 PANDEMIC, PROGRAMS REMAINED VIRTUAL UNTIL JUNE OF 2021. AT THAT TIME, PROGRAMS WERE OFFERED ON-LINE OR IN-PERSON - OR A COMBINATION OF THE TWO.


FITNESS PROGRAM:OUR MEMBERS KNOW THAT IF THEY'RE GOING TO KEEP LEARNING, THEY HAVE TO KEEP MOVING. SO DURING 2021, MEMBERS TOOK ALL KINDS OF FITNESS CLASSES THROUGH FOUNDERS HALL, FROM SIMPLE STRETCHING TO HARD-CORE STRENGTHENING AS WELL AS AEROBICS, BASKETBALL CLINICS, PICKLEBALL, YOGA, DANCING AND MORE. IN JUNE, SOME IN-PERSON CLASSES WERE OFFERED IN ADDITION TO THE ON-LINE PROGRAMS.


SOCIAL EVENTS AND TRIPS: AT FOUNDERS HALL, LIFELONG RESIDENTS AND THOSE NEW TO TOWN ALL DISCOVER A SUPPORTIVE COMMUNITY THAT UNDERSTANDS THE OPPORTUNITIES AND CHALLENGES OF LIFE AFTER 60. MEMBERS ENJOYED GETTING TOGETHER VIRTUALLY, THROUGH 'DRIVE-BY' EVENTS, AND IN-PERSON BEGINNING WITH THE INDEPENDENCE DAY PICNIC IN JULY.


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Board, Officers & Key Employees

Name (title)Compensation
Grace Weber
Executive Director
$119,558
Jennifer Kubick
Secretary
$0
Elizabeth Goldstone
Treasurer
$0
John Couri
President
$0
Steven F Goldstone
Chairman Of The Board
$0
Christopher Couri
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,835,293
Investment income $70,036
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$25,514
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,030,889

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Founders Hall Foundation Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Patrick Foundation Tr

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,732,162
Earnings$562,348
Net Contributions$170,000
Ending Balance$5,464,510

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