Totals
- Total revenue
- $7,649,091
- Total expenses
- $5,008,544
- Contributions and grants received
- $2,275,221
- Grants paid
- $3,370,925
- Program service revenue
- $175,513
- Investment income
- $5,198,359
- Other revenue
- -$2
- Total assets, end of year
- $102,355,827
- Total liabilities, end of year
- $1,891,739
- Net assets or fund balances, end of year
- $100,464,088
- Program services expenses (Part IX)
- $4,060,079
- Management and general expenses
- $948,465
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,060,079
Program services were 81.1% 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
$47,656
-
1e · Government grants (contributions)
$28,751
-
1f · All other contributions, gifts and grants
$2,198,814
-
1g · Noncash contributions included above
$29,854
-
2a · Program service revenue: PROGRAM REVENUE
total $175,513 · related or exempt $175,513
-
3 · Investment income
total $4,316,663 · excluded $4,316,663
-
7a · Gross sales of assets other than inventory
securities $13,860,671
-
7b · Less cost or other basis and sales expenses
securities $12,978,975
-
7c · Gain or loss
securities $881,696
-
7d · Net gain or loss
total $881,696 · excluded $881,696
-
8a · Fundraising events: gross income
$25,874
-
8a · Fundraising events: contributions included on line 1c
$47,656
-
8b · Fundraising events: direct expenses
$25,876
-
8c · Net income from fundraising events
total -$2 · excluded -$2
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $789,319 · program services $789,319
-
2 · Grants to domestic individuals
total $2,581,606 · program services $2,581,606
-
7 · Other salaries and wages
total $50,914 · management and general $50,914
-
11b · Fees: legal
total $93,418 · program services $93,418
-
11c · Fees: accounting
total $203,810 · management and general $203,810
-
11f · Fees: investment management
total $437,758 · management and general $437,758
-
11g · Fees: other
total $171,924 · program services $88,933 · management and general $82,991
-
12 · Advertising and promotion
total $13,207 · program services $10,253 · management and general $2,954
-
13 · Office expenses
total $25,678 · management and general $25,678
-
17 · Travel
total $203,926 · program services $161,146 · management and general $42,780
-
23 · Insurance
total $9,617 · program services $916 · management and general $8,701
-
24a · Other expenses: SUPPLIES & EQUIPMENT
total $201,786 · program services $189,684 · management and general $12,102
-
24b · Other expenses: SUBSCRIPTIONS AND SOFTW
total $107,276 · program services $53,642 · management and general $53,634
-
24c · Other expenses: STIPENDS AND CONTRACT S
total $48,888 · program services $35,750 · management and general $13,138
-
24d · Other expenses: MEMBER PROGRAM
total $27,909 · program services $13,904 · management and general $14,005
-
24e · All other expenses
total $41,508 · program services $41,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,659,939 · end of year $1,883,310
-
2 · Savings and temporary cash investments
beginning of year $868 · end of year $1,041,665
-
3 · Pledges and grants receivable
beginning of year $490,209 · end of year $875,324
-
9 · Prepaid expenses and deferred charges
beginning of year $37,860 · end of year $6,299
-
10a · Land, buildings and equipment: cost or other basis
$532,266
-
10c · Land, buildings and equipment, net
beginning of year $183,876 · end of year $532,266
-
11 · Investments: publicly traded securities
beginning of year $92,017,598 · end of year $97,135,679
-
15 · Other assets
beginning of year $812,135 · end of year $881,284
-
17 · Accounts payable and accrued expenses
beginning of year $2,203,500 · end of year $1,785,596
-
25 · Other liabilities
beginning of year $97,041 · end of year $106,143
-
27 · Net assets without donor restrictions
beginning of year $2,221,511 · end of year $2,379,030
-
28 · Net assets with donor restrictions
beginning of year $91,680,433 · end of year $98,085,058
Mission and programs · 2023
Mission
THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL CONNECTICUT STATE UNIVERSITY.
-
STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR.
Expenses $2,410,440 · Grants $2,359,392
-
AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
Expenses $1,026,951 · Grants $718,441
-
ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
Expenses $468,250 · Grants $226,041
-
INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
Expenses $154,438 · Grants $67,051 · Revenue $175,513
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anabelle Diaz-SantiagoANABELLE DIAZ-SANTIAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony S TorsielloANTHONY S TORSIELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles Jones JrCHARLES JONES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Curtis WigginsCURTIS WIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James NealyJAMES NEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Janet NahorneyJANET NAHORNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph Matthew JrJOSEPH MATTHEW JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristine LarsenKRISTINE LARSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marc LennonMARC LENNON
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria FalvoMARIA FALVO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel MuliRACHEL MULI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Richard D DonovanRICHARD D DONOVAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Richard SpadaRICHARD SPADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ululy MartinezULULY MARTINEZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Waldermar KostrzewaWALDERMAR KOSTRZEWA
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer DestefaniJENNIFER DESTEFANI
INTERIM EXCUTIVE DIRECTOR
- Total calculated
- $50,085
- From this org
- $0
- From related orgs
- $41,152
- Other
- $8,933
- Hours/week
- 4 + 36 related
-
Michael ShippamMICHAEL SHIPPAM
OUTGOING EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 4 + 36 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.
Grants on this return
-
CENTRAL CT STATE UNIVERSITY
$789,319
SUPPORT CCSU PROGRAMS
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.
-
CENTRAL CT STATE UNIVERSITY
501(C)(3) · EDUCATION · CT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413589349300951
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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