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Nonprofiteer
← NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC.

Totals

Total revenue
$7,628,637
Total expenses
$6,996,920
Contributions and grants received
$3,784,370
Grants paid
$5,069,043
Program service revenue
$7,500
Investment income
$3,516,866
Other revenue
$319,901
Total assets, end of year
$154,484,336
Total liabilities, end of year
$33,091,108
Net assets or fund balances, end of year
$121,393,228
Program services expenses (Part IX)
$6,180,404
Management and general expenses
$492,267
Fundraising expenses
$324,249
Program service expenses (Part III)
$6,180,404

Program services were 88.3% 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.

  • 1f · All other contributions, gifts and grants

    $3,784,370

  • 1g · Noncash contributions included above

    $533,018

  • 2a · Program service revenue: Fees on Grant Programs

    total $7,500 · related or exempt $7,500

  • 3 · Investment income

    total $3,249,332 · excluded $3,249,332

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $267,534

  • 7c · Gain or loss

    securities $267,534

  • 7d · Net gain or loss

    total $267,534 · excluded $267,534

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $40,203 · excluded $40,203

  • 11b · Other revenue: INTER-ENTITY MGMT FEES

    total $274,148 · related or exempt $274,148

  • 11c · Other revenue: Unfulfilled grant awards

    total $5,000 · related or exempt $5,000

  • 11d · All other revenue

    total $550 · related or exempt $550

  • 11e · Other revenue, total

    $319,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,649,393 · program services $4,649,393

  • 2 · Grants to domestic individuals

    total $419,650 · program services $419,650

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $248,631 · program services $123,117 · management and general $84,305 · fundraising $41,209

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $840,202 · program services $453,530 · management and general $219,915 · fundraising $166,757

  • 8 · Pension plan contributions

    total $26,662 · program services $14,119 · management and general $7,450 · fundraising $5,093

  • 9 · Other employee benefits

    total $102,883 · program services $54,484 · management and general $28,743 · fundraising $19,656

  • 10 · Payroll taxes

    total $74,793 · program services $39,610 · management and general $20,897 · fundraising $14,286

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $217,638 · program services $184,993 · management and general $32,645

  • 11g · Fees: other

    total $26,755 · program services $14,169 · management and general $7,475 · fundraising $5,111

  • 12 · Advertising and promotion

    total $15,822 · program services $8,383 · management and general $4,423 · fundraising $3,016

  • 13 · Office expenses

    total $17,110 · program services $9,062 · management and general $4,780 · fundraising $3,268

  • 14 · Information technology

    total $94,514 · program services $50,055 · management and general $26,407 · fundraising $18,052

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $67,586 · program services $35,794 · management and general $18,884 · fundraising $12,908

  • 17 · Travel

    total $106 · program services $56 · management and general $30 · fundraising $20

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $218 · management and general $218

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $30,645 · program services $16,230 · management and general $8,562 · fundraising $5,853

  • 23 · Insurance

    total $9,163 · program services $4,853 · management and general $2,560 · fundraising $1,750

  • 24a · Other expenses: Strategic Planning

    total $41,197 · program services $21,818 · management and general $11,510 · fundraising $7,869

  • 24b · Other expenses: Initiative Expenses

    total $29,785 · program services $29,785

  • 24c · Other expenses: Community Reports

    total $25,965 · program services $25,965

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,041 · program services $9,025 · management and general $4,761 · fundraising $3,255

  • 24e · All other expenses

    total $41,161 · program services $16,313 · management and general $8,702 · fundraising $16,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,149,032 · end of year $653,975

  • 3 · Pledges and grants receivable

    beginning of year $3,177,000 · end of year $2,362,278

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,803 · end of year $55,195

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

    $195,051

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

    $105,514

  • 10c · Land, buildings and equipment, net

    beginning of year $120,183 · end of year $89,537

  • 11 · Investments: publicly traded securities

    beginning of year $27,476,872 · end of year $26,721,110

  • 12 · Investments: other securities

    beginning of year $120,000 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $109,596,684 · end of year $124,602,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,109 · end of year $28,563

  • 18 · Grants payable

    beginning of year $3,281,200 · end of year $3,200,869

  • 25 · Other liabilities

    beginning of year $26,509,508 · end of year $29,861,676

  • 27 · Net assets without donor restrictions

    beginning of year $111,513,624 · end of year $121,168,871

  • 28 · Net assets with donor restrictions

    beginning of year $359,153 · end of year $224,357

Mission and programs · 2024

Mission

To enrich the quality of life for residents of northwest Connecticut by inspiring local philanthropy, convening stakeholders in community welfare, strengthening the regional nonprofits network and fostering collaborative funding partnerships.

  • INCOME AND APPRECIATION FROM INVESTMENTS, BASED ON A TOTAL RETURN APPROACH, IS DISTRIBUTED IN THE FORM OF GRANTS AND SCHOLARSHIPS ANNUALLY TO QUALIFIED PUBLIC CHARITIES AND STUDENTS AS CHOSEN BY THE FOUNDATION'S BOARD OF DIRECTORS. IN 2022, GRANTS IN THE AMOUNT OF $4,225,674 WERE AWARDED AND FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS WAS PROVIDED IN THE AMOUNT OF $266,925.

    Expenses $6,180,404 · Grants $5,069,043

As filed on the 2024 return.

Listed in Part VII

  • Guy Rovezzi

    President

    Total calculated
    $248,630
    From this org
    $0
    From related orgs
    $216,312
    Other
    $32,318
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    not reported + $216,312 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $19,468 related
    Nontaxable benefits
    not reported + $12,850 related
    Filer's total
    not reported + $248,630 related

  • Mikhael Wilkinson

    Sr VP of financeOP

    Total calculated
    $129,320
    From this org
    $0
    From related orgs
    $119,945
    Other
    $9,375
    Hours/week
    35 + 5 related

  • Nicole Easley

    VP of Comm

    Total calculated
    $125,085
    From this org
    $0
    From related orgs
    $103,350
    Other
    $21,735
    Hours/week
    5 + 35 related

  • Bradford Hoar

    VP philanthropic

    Total calculated
    $123,610
    From this org
    $0
    From related orgs
    $101,740
    Other
    $21,870
    Hours/week
    35 + 5 related

  • Leslie Friscia

    CFO

    Total calculated
    $117,807
    From this org
    $0
    From related orgs
    $103,500
    Other
    $14,307
    Hours/week
    5 + 35 related

  • Julia Scharnberg

    VP Comm Engage

    Total calculated
    $111,976
    From this org
    $0
    From related orgs
    $108,676
    Other
    $3,300
    Hours/week
    35 + 5 related

  • Anne Sutherland Fuchs

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sandra Edelman

    Director

    Total calculated
    $0
    Hours/week
    0

  • Don Mayland

    1st Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Adrian Selby

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mike McGill

    Director

    Total calculated
    $0
    Hours/week
    0

  • David Antoniazzi

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Brayboy

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrique Fearon

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jason Giordano

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barbara Spiegel

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anthea Disney

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Anne Ruwet

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anita Baxter

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Rod Pleasants

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vincent Inconiglios

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 August 2025
IRS schema version
2024v5.2
Source object
202522209349300017

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

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