The Darien Foundation Inc
- Assets
- $2.9m
- Revenue
- $913.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Darien, CT
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 91-1949730
Organization Overview
The Darien Foundation Inc, operating under the name The Darien Foundation For Technology & Community, is located in Darien, CT. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Darien Foundation For Technology & Community 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 06/2022, Darien Foundation For Technology & Community generated $913.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $288.4k during the year ending 06/2022. While expenses have increased by 4.7% 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.
Since 2015, Darien Foundation For Technology & Community has awarded 41 individual grants totaling $2,151,422. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DARIEN FOUNDATION'S MISSION IS TO PROVIDE GRANT FUNDING FOR TECHNOLOGY AND CAPITAL PROJECTS THAT CREATE OPPORTUNITY FOR DARIEN'S YOUTH, SUPPORT TOWN SAFETY AND SECURITY SERVICES, ENHANCE THE OVERALL QUALITY OF LIFE IN DARIEN, AND OTHERWISE BENEFIT THE CITIZENS OF DARIEN, CONNECTICUT. THE GOAL IS TO OFFER A CENTRAL LOCATION FOR RESIDENTS AND CORPORATE DONORS WHO WISH TO SUPPORT WORTHY TOWN PROJECTS. THE FOUNDATION IS COMMITTED TO SUPPORTING TECHNOLOGY AND CAPITAL INITIATIVES FOR THE PUBLIC SCHOOLS, EMERGENCY SERVICES, AND OTHER LOCAL OR TOWN ORGANIZATIONS. THE FOUNDATION'S BROAD AND DIVERSE BOARD OF DIRECTORS STRIVES TO APPLY A CONSISTENT METHODOLOGY IN REVIEWING GRANT REQUESTS AND HOLDING GRANT RECIPIENTS ACCOUNTABLE. THE MAJORITY OF THE FOUNDATION'S REVENUES COME FROM CONTRIBUTIONS FROM THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DARIEN PUBLIC SCHOOLS FOR AN OUTDOOR CLASSROOM
TO AT HOME IN DARIEN FOR THE RIDE PROGRAM FOR SENIOR CITIZENS
TO DARIEN LIBRARY FOR THE WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward Glassmeyer Director/chairman | Trustee | 5 | $0 |
Sean Calvillo Director/tech Chair | Trustee | 3 | $0 |
Larry Castellani Director | Trustee | 1 | $0 |
Tiernan Cavanna Director/nom Com Co Chair | Trustee | 1.5 | $0 |
Kerry Coppola Director/treasurer | Trustee | 4 | $0 |
Courtney Galligan Director/nom Com Co Chair | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,045 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,100 |
| Noncash contributions included in lines 1a–1f | $57,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,145 |
| Total Program Service Revenue | $0 |
| Investment income | $69,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,064 |
| Net Income from Fundraising Events | -$72,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $146,640 |
| 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. | $58,692 |
| Compensation of current officers, directors, key employees. | $8,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,591 |
| Office expenses | $1,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,500 |
| All other expenses | $0 |
| Total functional expenses | $288,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,335 |
| Savings and temporary cash investments | $416,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $816 |
| 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 | $955 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,221,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,910,132 |
| Accounts payable and accrued expenses | $45 |
| Grants payable | $196,855 |
| 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 | $0 |
| Total liabilities | $196,900 |
| Net assets without donor restrictions | $2,713,232 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,910,132 |
Grants Awarded
Over the last fiscal year, The Darien Foundation Inc has awarded $141,620 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DARIEN PUBLIC SCHOOLS PURPOSE: TO DARIEN PUBLIC SCHOOLS FOR AN OUTDOOR CLASSROOM | $10,000 |
DARIEN LIBRARY PURPOSE: TO DARIEN LIBRARY FOR THE WEBSITE | $48,740 |
AT HOME IN DARIEN PURPOSE: TO AT HOME IN DARIEN FOR THE RIDE PROGRAM FOR SENIOR CITIZENS | $82,880 |