New Alliance Foundation Inc
- Assets
- $35.1m
- Revenue
- $1.3m
- Investments
- $35.0m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 56-2453619
Organization Overview
New Alliance Foundation Inc is located in New Haven, CT. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. New Alliance 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, New Alliance Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Alliance Foundation Inc has awarded 1,054 individual grants totaling $7,312,835. 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 |
|---|---|---|---|
Kim A Healey Executive Director | 40 | $197,461 | |
Maryann Ott Managing Director | 40 | $139,334 | |
Robert J Lyons Jr Director, Chairperson | 1 | $0 | |
Paul A Mccraven Director, Secretary, Treasurer | 1 | $0 | |
Fred Acquavita Director | 1 | $0 | |
Marjorie Bussmann Gillis Ed D Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $412,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $911,079 |
| Capital Gain Net Income | $911,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,323,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $336,795 |
| Other employee salaries and wages | $16,529 |
| Pension plans, employee benefits | $67,482 |
| Interest | $0 |
| Taxes | $13,965 |
| Depreciation | $0 |
| Occupancy | $31,276 |
| Travel, conferences, and meetings | $10,391 |
| Printing and publications | $0 |
| Other expenses | $24,713 |
| Total operating and administrative expenses | $851,444 |
| Contributions, gifts, grants paid | $1,179,681 |
| Total expenses and disbursements | $2,031,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,570 |
| Savings and temporary cash investments | $0 |
| 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 | $11,461 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,019,839 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,450 |
| Total assets | $35,119,320 |
| Accounts payable and accrued expenses | $28,168 |
| Grants payable | $30,150 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $110,000 |
| Total liabilities | $168,318 |
Grants Awarded
Over the last fiscal year, New Alliance Foundation Inc has awarded $1,229,831 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
Willimantic, CT PURPOSE: TO PROVIDE CAPITAL SUPPORT FOR THE EXPANSION OF THE CARDIO/PULMONARY REHAB CENTER WHICH IS OUTDATED AND DOES NOT PROVIDE ADEQUATE SPACE FOR THE GROWING NUMBER OF OUTPATIENTS. | $50,000 |
New Haven, CT PURPOSE: TO PROVIDE BOTH GENERAL OPERATING SUPPORT AND PROGRAMMING AT THE NEW DIXWELL COMMUNITY HOUSE. | $25,000 |
BOYS & GIRLS CLUB OF NEW HAVEN PURPOSE: TO SUPPORT THE AFTER-SCHOOL PROGRAM WHICH FOSTERS A LOVE FOR LEARNING, ACADEMIC SUCCESS AND SOCIAL-EMOTIONAL DEVELOPMENT FOR NEW HAVEN KIDS AGES 6-14. | $25,000 |
BOOKER T WASHINGTON ACADEMY PURPOSE: TO SUPPORT THE ACCELERATION OF LEARNING IN THE AREA OF EARLY LITERACY BY PROVIDING HIGH QUALITY, TARGETED PROFESSIONAL DEVELOPMENT ON THE SCIENCE OF READING. | $25,000 |
NEW HAVEN READS PURPOSE: TO SUPPORT THE FREE, ONE-ON-ONE TUTORING PROGRAM SERVING GREATER NEW HAVEN CHILDREN AGED 4 TO 18 WHO ARE READING BELOW GRADE LEVEL. | $25,000 |
New Haven, CT PURPOSE: TO PROVIDE SUPPORT FOR FREE TUTORING IN BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE (ESOL) FOR 1,000 ADULT LEARNERS IN GNH TO FURTHER EDUCATION AND CAREER SUCCESS. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |