Nutmeg Foundation Inc
- Assets
- $2.5m
- Revenue
- $128.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 31-1794110
Organization Overview
Nutmeg Foundation Inc is located in West Hartford, CT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nutmeg 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 12/2022, Nutmeg Foundation Inc generated $128.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $230.8k during the year ending 12/2022. While expenses have increased by 7.0% 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.
Since 2016, Nutmeg Foundation Inc has awarded 121 individual grants totaling $1,346,782. 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 |
|---|---|---|---|
Ethel Davis President | 5 | $0 | |
Sandra Wood Forand Secretary | 2 | $0 | |
Paul Tracey Treasurer | 2 | $0 | |
Chris Hall Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,120 |
| Capital Gain Net Income | $81,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,348 |
| Total operating and administrative expenses | $21,811 |
| Contributions, gifts, grants paid | $209,000 |
| Total expenses and disbursements | $230,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,797 |
| Savings and temporary cash investments | $77,367 |
| Net Accounts receivable | $0 |
| 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 | $1,705 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $179,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,707 |
| Total assets | $2,530,850 |
| Accounts payable and accrued expenses | $0 |
| 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, Nutmeg Foundation Inc has awarded $209,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHRYSALIS CENTER INC PURPOSE: EXPANSION OF URBAN ROOTS HYDROPONIC GROW CENTER A KEY PROGRAM WITHIN THE ORGANIZATION'S FOOD HUB. THE FOOD HUB ADDRESSES FOOD INSECURITY BY PROVIDING FRESH AND NUTRITIOUS FOOD TO INDIVIDUALS AND FAMILIES IN NEED. | $50,000 |
HARTFORD PUBLIC LIBRARY PURPOSE: $25,000 ALLOCATED GRANTED FOR A IN-PERSON SUMMAR PROGRAM FOR APPROXIMATELY 25 HIGH SCHOOL ENGLISH LEARNERS FOR THE SUMMER OF 2022.$10,000 BEING GRANTED FOR PARTNERING WITH THE SCHOOL DISTRICT FOR ON-THE-JOB-TRAINING IN VARIOUS CULINARY SKILLS TO ASSIST FOR SKILLS FOR INDUSTRIES LIKE HOTELS, SENIOR CENTERS, CORPORATE CAFETERIAS ETC.) | $35,000 |
KATHERINE HEPBURN CULTURAL ARTS CTR PURPOSE: UNRESTRICTED | $1,500 |
SHORELINE SOUP KITCHENS PANTRIES PURPOSE: UNRESTRICTED | $1,000 |
UNITED WAY OF CENTRAL NORTHEASTERN PURPOSE: WORKFORCE SOLUTIONS COLLABORATIVE TO ADVANCE COMMUNITY GOALS THROUGH PARTNERSHIPS AND COLLABORATIONS FOCUSED ON ADVANCING ECONOMIC MOBILITY. | $75,000 |
ASYLUM HILL CONGREGATIONAL CHURCH PURPOSE: UNRESTRICTED | $3,000 |