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Nonprofiteer
← GREATER HARTFORD COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by GREATER HARTFORD COMMUNITY FOUNDATION INC.

Totals

Total revenue
$42,886,197
Total expenses
$42,193,205
Contributions and grants received
$13,166,189
Grants paid
$848,681
Program service revenue
$29,465,155
Investment income
$189,296
Other revenue
$65,557
Total assets, end of year
$12,965,510
Total liabilities, end of year
$9,847,108
Net assets or fund balances, end of year
$3,118,402
Program services expenses (Part IX)
$41,534,204
Management and general expenses
$424,434
Fundraising expenses
$234,567
Program service expenses (Part III)
$41,534,204

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $101,927

  • 1e · Government grants (contributions)

    $50,000

  • 1f · All other contributions, gifts and grants

    $13,014,262

  • 2a · Program service revenue: EVENT REVENUE

    total $29,465,155 · related or exempt $29,465,155

  • 3 · Investment income

    total $189,296 · excluded $189,296

  • 8a · Fundraising events: gross income

    $15,843

  • 8a · Fundraising events: contributions included on line 1c

    $101,927

  • 8b · Fundraising events: direct expenses

    $64,386

  • 8c · Net income from fundraising events

    total -$48,543 · excluded -$48,543

  • 11d · All other revenue

    total $114,100 · related or exempt $114,100

  • 11e · Other revenue, total

    $114,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $848,681 · program services $848,681

  • 5 · Compensation of officers, directors and key employees

    total $1,369,029 · program services $1,193,483 · management and general $135,036 · fundraising $40,510

  • 7 · Other salaries and wages

    total $1,232,817 · program services $1,074,901 · management and general $121,474 · fundraising $36,442

  • 8 · Pension plan contributions

    total $33,209 · program services $28,892 · management and general $3,321 · fundraising $996

  • 9 · Other employee benefits

    total $75,412 · program services $65,609 · management and general $7,540 · fundraising $2,263

  • 10 · Payroll taxes

    total $146,166 · program services $127,165 · management and general $14,616 · fundraising $4,385

  • 11b · Fees: legal

    total $25,000 · management and general $25,000

  • 11c · Fees: accounting

    total $98,871 · program services $46,405 · management and general $50,866 · fundraising $1,600

  • 11g · Fees: other

    total $63,072 · program services $55,256 · management and general $6,012 · fundraising $1,804

  • 12 · Advertising and promotion

    total $3,081,164 · program services $3,080,086 · management and general $829 · fundraising $249

  • 13 · Office expenses

    total $182,526 · program services $158,797 · management and general $18,253 · fundraising $5,476

  • 16 · Occupancy

    total $4,100,689 · program services $4,077,638 · management and general $17,731 · fundraising $5,320

  • 22 · Depreciation, depletion and amortization

    total $70,414 · program services $70,414

  • 23 · Insurance

    total $162,079 · program services $141,009 · management and general $16,208 · fundraising $4,862

  • 24a · Other expenses: PRIZE MONEY

    total $20,000,000 · program services $20,000,000

  • 24b · Other expenses: CORPORATE HOSPITALITY

    total $3,573,707 · program services $3,573,707

  • 24c · Other expenses: TOURNAMENT WEEK

    total $2,373,441 · program services $2,373,441

  • 24d · Other expenses: SPONSORS AND SOCIALS

    total $1,458,699 · program services $1,458,699

  • 24e · All other expenses

    total $3,298,229 · program services $3,160,021 · management and general $7,548 · fundraising $130,660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,515,740 · end of year $4,466,398

  • 2 · Savings and temporary cash investments

    beginning of year $7,024,003 · end of year $5,714,141

  • 3 · Pledges and grants receivable

    beginning of year $185,614 · end of year $210,000

  • 4 · Accounts receivable

    beginning of year $2,770,365 · end of year $2,134,362

  • 9 · Prepaid expenses and deferred charges

    beginning of year $177,831 · end of year $131,833

  • 10a · Land, buildings and equipment: cost or other basis

    $916,011

  • 10b · Land, buildings and equipment: accumulated depreciation

    $607,235

  • 10c · Land, buildings and equipment, net

    beginning of year $276,038 · end of year $308,776

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,978,647 · end of year $7,157,480

  • 19 · Deferred revenue

    beginning of year $2,545,534 · end of year $2,689,628

  • 27 · Net assets without donor restrictions

    beginning of year $2,425,410 · end of year $3,118,402

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO BE A WORLD-CLASS PGA TOUR EVENT THAT MAXIMIZES GIVING TO CHARITY WHILE BENEFITING THE COMMUNITY. THE FOUNDATION'S PRIMARY FUNDRAISING ACTIVITY IS THE TRAVELERS CHAMPIONSHIP, CONNECTICUT'S ANNUAL PGA TOUR GOLF TOURNAMENT. THE NET PROCEEDS REALIZED BY THE TOURNAMENT AND OTHER SUCH ACTIVITIES AND EVENTS ARE FOR THE BENEFIT OF THE CITIZENS, SOCIAL WELFARE ORGANIZATIONS AND OTHER INSTITUTIONS OF THE COMMUNITY.

  • THE FOUNDATION'S PRIMARY FUNDRAISING ACTIVITY IS THE TRAVELERS CHAMPIONSHIP, CONNECTICUT'S ANNUAL PGA TOUR GOLF TOURNAMENT. THE NET PROCEEDS REALIZED BY THE TOURNAMENT AND OTHER SUCH ACTIVITIES AND EVENTS ARE FOR THE BENEFIT OF THE CITIZENS, SOCIAL WELFARE ORGANIZATIONS AND OTHER INSTITUTIONS OF THE COMMUNITY.

    Expenses $41,534,204 · Grants $848,681 · Revenue $29,579,255

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nathaniel Grube

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $687,110
    From this org
    $653,553
    From related orgs
    $0
    Other
    $33,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,553
    Bonus
    $425,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,557
    Filer's total
    $687,110

  • Andy F Bessette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bradford S Babbitt Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce W Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chandler J Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Dailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Motl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel E Kleinman Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Debassio Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Griggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Allan Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory M Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janice Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John A Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Krapek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Wheeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Montez Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Gelfenbien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean A Ramalho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ted May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Gerber

    SENIOR DIRECTOR STRATEGY

    Total calculated
    $298,878
    From this org
    $284,220
    From related orgs
    $0
    Other
    $14,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,220
    Bonus
    $130,000
    Other
    $0
    Deferred
    $6,225
    Nontaxable benefits
    $8,433
    Filer's total
    $298,878

  • Kevin Harrington

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $282,077
    From this org
    $248,691
    From related orgs
    $0
    Other
    $33,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,691
    Bonus
    $120,000
    Other
    $0
    Deferred
    $2,032
    Nontaxable benefits
    $31,354
    Filer's total
    $282,077

  • Kendall K Lauder

    DIRECTOR OF CLIENT RELATIONS

    Total calculated
    $204,889
    From this org
    $180,660
    From related orgs
    $0
    Other
    $24,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,421
    Bonus
    $99,239
    Other
    $0
    Deferred
    $4,588
    Nontaxable benefits
    $19,641
    Filer's total
    $204,889

  • Robert Croce

    DIRECTOR OF BUSINESS DEVELOP

    Total calculated
    $178,785
    From this org
    $172,413
    From related orgs
    $0
    Other
    $6,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $75,854
    Bonus
    $96,559
    Other
    $0
    Deferred
    $6,304
    Nontaxable benefits
    $68
    Filer's total
    $178,785

  • Kelly M Even

    DIR. OF BUSINESS DEVELOPMENT

    Total calculated
    $125,461
    From this org
    $125,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Taylor Whiting

    VOLUNTEER AND CHARITY MANAGER

    Total calculated
    $104,492
    From this org
    $104,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Peter Baranski

    OPERATIONS MANAGER

    Total calculated
    $103,406
    From this org
    $103,406
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
OFFICERS AND KEY PERSONNEL RECEIVED APPROVED INCENTIVE COMPENSATION FOR SUCCESSFULLY RUNNING THE TRAVELERS CHAMPIONSHIP WHICH WAS REPORTED IN THEIR 2024 W2S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2026
IRS schema version
2024v5.5
Source object
202630929349300003

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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