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Nonprofiteer
← COMMUNITY FOUNDATION OF EASTERN CONNECTICUT

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF EASTERN CONNECTICUT.

Totals

Total revenue
$17,283,333
Total expenses
$9,868,056
Contributions and grants received
$10,489,234
Grants paid
$8,017,737
Program service revenue
$0
Investment income
$6,794,099
Other revenue
$0
Total assets, end of year
$121,799,726
Total liabilities, end of year
$1,766,992
Net assets or fund balances, end of year
$120,032,734
Program services expenses (Part IX)
$8,779,060
Management and general expenses
$753,361
Fundraising expenses
$335,635
Program service expenses (Part III)
$8,779,060

Program services were 89.0% 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.

  • 1e · Government grants (contributions)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $9,489,234

  • 1g · Noncash contributions included above

    $1,667,400

  • 3 · Investment income

    total $2,174,329 · excluded $2,174,329

  • 7a · Gross sales of assets other than inventory

    securities $4,619,770

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $4,619,770

  • 7d · Net gain or loss

    total $4,619,770 · excluded $4,619,770

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,025,036 · program services $7,025,036

  • 2 · Grants to domestic individuals

    total $992,701 · program services $992,701

  • 5 · Compensation of officers, directors and key employees

    total $425,693 · program services $176,194 · management and general $185,966 · fundraising $63,533

  • 7 · Other salaries and wages

    total $556,422 · program services $348,884 · management and general $58,910 · fundraising $148,628

  • 9 · Other employee benefits

    total $97,825 · program services $67,927 · management and general $5,673 · fundraising $24,225

  • 10 · Payroll taxes

    total $74,991 · program services $40,495 · management and general $17,998 · fundraising $16,498

  • 11c · Fees: accounting

    total $42,893 · management and general $42,893

  • 11f · Fees: investment management

    total $336,864 · management and general $336,864

  • 11g · Fees: other

    total $55,181 · program services $1,837 · management and general $52,596 · fundraising $748

  • 12 · Advertising and promotion

    total $9,574 · fundraising $9,574

  • 13 · Office expenses

    total $6,566 · program services $3,053 · management and general $1,414 · fundraising $2,099

  • 14 · Information technology

    total $66,607 · program services $32,734 · management and general $14,549 · fundraising $19,324

  • 16 · Occupancy

    total $13,890 · program services $5,139 · management and general $4,862 · fundraising $3,889

  • 17 · Travel

    total $19,465 · program services $11,571 · management and general $3,413 · fundraising $4,481

  • 19 · Conferences, conventions and meetings

    total $8,536 · management and general $8,536

  • 20 · Interest

    total $345 · management and general $345

  • 22 · Depreciation, depletion and amortization

    total $23,781 · program services $12,842 · management and general $5,707 · fundraising $5,232

  • 23 · Insurance

    total $11,287 · program services $6,095 · management and general $2,709 · fundraising $2,483

  • 24a · Other expenses: PROGRAM SUPPORT

    total $27,374 · program services $27,374

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $22,929 · fundraising $22,929

  • 24c · Other expenses: ANNUAL REPORT

    total $16,651 · program services $11,655 · management and general $833 · fundraising $4,163

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,222 · program services $7,680 · management and general $3,413 · fundraising $3,129

  • 24e · All other expenses

    total $19,223 · program services $7,843 · management and general $6,680 · fundraising $4,700

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,283,190 · end of year $5,311,404

  • 3 · Pledges and grants receivable

    beginning of year $38,085 · end of year $73,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,935 · end of year $44,262

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

    $647,202

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

    $231,275

  • 10c · Land, buildings and equipment, net

    beginning of year $395,195 · end of year $415,927

  • 11 · Investments: publicly traded securities

    beginning of year $96,226,018 · end of year $96,259,534

  • 12 · Investments: other securities

    beginning of year $4,527,964 · end of year $19,695,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,495 · end of year $97,968

  • 18 · Grants payable

    beginning of year $1,736,615 · end of year $1,518,274

  • 25 · Other liabilities

    beginning of year $146,175 · end of year $150,750

  • 27 · Net assets without donor restrictions

    beginning of year $100,294,992 · end of year $115,359,782

  • 28 · Net assets with donor restrictions

    beginning of year $4,208,110 · end of year $4,672,952

Mission and programs · 2023

Mission

COLLABORATING WITH PARTNERS TO PUT PHILANTHROPY INTO ACTION TO ADDRESS THE NEEDS, RIGHTS AND INTERESTS OF OUR COMMUNITY IN EASTERN CONNECTICUT.

Activities or mission (Part I)

COMMUNITY FOUNDATION ADVANCING AND LEVERAGING PHILANTHROPY TO CREATE A THRIVING AND EQUITABLE REGION.

  • GENERAL GRANTS:PROVIDE SUPPORT TO VARIOUS 501C(3) ORGANIZATIONS IN OUR FORTY-TWO TOWN SERVICE AREA. FOCUS ON EMPOWERING YOUTH, BASIC NEEDS AND RIGHTS,PRESERVING THE ENVIRONMENT AND ADVANCING ANIMAL WELFARE. GRANTS ARE AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE,OR BYBOARD APPROVED DONOR ADVISED RECOMMENDATIONS.

    Expenses $7,351,656 · Grants $6,712,075

  • SCHOLARSHIP AWARDS:TUITION ASSISTANCE FOR STUDENTS WHO ARE JUST ENTERING COLLEGE AND THOSE WHO ARE ALREADY ENROLLED. SCHOLARSHIPS ARE ALSO AWARDED ON ACOMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE.

    Expenses $1,091,616 · Grants $992,701

  • WOMEN & GIRLSONE OF THE FOUNDATION'S LONG STANDING INITIATIVES IS ITS WOMEN & GIRLS FUND. RELATED GRANTS SUPPORT ISSUES SUCH AS DOMESTIC VIOLENCEPREVENTION, TEEN PREGNANCY PREVENTION, AND OTHER ISSUES FACING WOMEN AND GIRLS.

    Expenses $335,788 · Grants $312,961

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARGARET O'SHEA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • NICHOLAS FORTSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • LEE-ANN GOMES

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • CAROL WILLIAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • JOE DELONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • HARRY FERGUSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • SANDRA HALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • LEAH HARTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • IZASKUN LARRANETA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL RAUH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • BARBARA SAHAGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • LEAH SCHAD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • MARYAM ELAHI

    PRESIDENT & CEO

    Total calculated
    $281,654
    From this org
    $230,730
    From related orgs
    $0
    Other
    $50,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,730
    Bonus
    $0
    Other
    $0
    Deferred
    $35,941
    Nontaxable benefits
    $14,983
    Filer's total
    $281,654

  • JANET GRANT

    CFO

    Total calculated
    $143,859
    From this org
    $127,061
    From related orgs
    $0
    Other
    $16,798
    Hours/week
    40

  • JENNIFER O'BRIEN

    PROGRAM DIRECTOR

    Total calculated
    $137,285
    From this org
    $113,456
    From related orgs
    $0
    Other
    $23,829
    Hours/week
    40

  • LAUREN PARDA

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $129,713
    From this org
    $105,825
    From related orgs
    $0
    Other
    $23,888
    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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • VARIOUS

    $6,182,219

    VARIOUS

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403179349304555

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