Founders Hall Foundation Inc
- Assets
- $7.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Ridgefield, CT
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 31-1776375
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 12/2022, Founders Hall Foundation Inc employed 43 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 12/2021, Founders Hall Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 2022, 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. PROGRAMS WERE OFFERED ON-LINE OR IN-PERSON - OR A COMBINATION OF THE TWO.
FITNESS PROGRAMS: OUR MEMBERS KNOW THAT IF THEY'RE GOING TO KEEP LEARNING, THEY HAVE TO KEEP MOVING. SO DURING 2022, 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. CLASSES WERE OFFERED IN-PERSON AS WELL AS ON-LINE.
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 FOR A VARIETY OF SOCIAL ACTIVITIES INCLUDING PARTIES, TOURNAMENTS AND TASTINGS. DURING 2022 MEMBERS ATTENDED A BROADWAY MUSICAL AND VISITED THE METROPOLITAN MUSEUM OF ART.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace F Weber Executive Director | Officer | 40 | $113,598 |
John A Couri President | OfficerTrustee | 10 | $0 |
Jennifer Kubick Secretary | OfficerTrustee | 1 | $0 |
Steven F Goldstone Chairman Of The Board | OfficerTrustee | 10 | $0 |
Elizabeth C Goldstone Treasurer | OfficerTrustee | 10 | $0 |
Lori Berisford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,154 |
| Investment income | $147,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,556,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,674 |
| Pension plan accruals and contributions | $26,587 |
| Other employee benefits | $9,446 |
| Payroll taxes | $42,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,604 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,834 |
| Advertising and promotion | $2,093 |
| Office expenses | $128,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,018 |
| Travel | $0 |
| 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 | $106,191 |
| Insurance | $12,094 |
| All other expenses | $0 |
| Total functional expenses | $1,071,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,221 |
| Savings and temporary cash investments | $306,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,749 |
| 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 | $3,800 |
| Investments—publicly traded securities | $5,419,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $7,626,587 |
| Accounts payable and accrued expenses | $21,310 |
| Grants payable | $0 |
| Deferred revenue | $39,785 |
| 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 | $44,430 |
| Total liabilities | $105,525 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,521,062 |