Form 990 for tax year 2023
Filed by NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $11,882,458
- Total expenses
- $6,799,763
- Contributions and grants received
- $3,343,299
- Grants paid
- $4,947,741
- Program service revenue
- $25,500
- Investment income
- $8,208,932
- Other revenue
- $304,727
- Total assets, end of year
- $141,690,594
- Total liabilities, end of year
- $29,817,817
- Net assets or fund balances, end of year
- $111,872,777
- Program services expenses (Part IX)
- $6,126,074
- Management and general expenses
- $524,701
- Fundraising expenses
- $148,988
- Program service expenses (Part III)
- $6,126,074
Program services were 90.1% 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.
-
1f · All other contributions, gifts and grants
$3,343,299
-
1g · Noncash contributions included above
$426,080
-
2a · Program service revenue: Fees on Grant Programs
total $25,500 · related or exempt $25,500
-
3 · Investment income
total $2,686,043 · excluded $2,686,043
-
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 $5,524,785 · other assets -$1,896
-
7c · Gain or loss
securities $5,524,785 · other assets -$1,896
-
7d · Net gain or loss
total $5,522,889 · excluded $5,522,889
-
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 $17,503 · excluded $17,503
-
11b · Other revenue: INTER-ENTITY MGMT FEES
total $279,809 · related or exempt $279,809
-
11c · Other revenue: Unfulfilled grant awards
total $4,475 · related or exempt $4,475
-
11d · All other revenue
total $2,940 · related or exempt $2,940
-
11e · Other revenue, total
$304,727
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,586,516 · program services $4,586,516
-
2 · Grants to domestic individuals
total $361,225 · program services $361,225
-
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 $248,950 · program services $125,550 · management and general $85,523 · fundraising $37,877
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $832,513 · program services $522,247 · management and general $254,056 · fundraising $56,210
-
8 · Pension plan contributions
total $26,624 · program services $15,948 · management and general $8,360 · fundraising $2,316
-
9 · Other employee benefits
total $95,760 · program services $57,360 · management and general $30,068 · fundraising $8,332
-
10 · Payroll taxes
total $74,386 · program services $44,557 · management and general $23,357 · fundraising $6,472
-
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 $251,153 · program services $213,481 · management and general $37,672
-
11g · Fees: other
total $23,633 · program services $14,156 · management and general $7,421 · fundraising $2,056
-
12 · Advertising and promotion
total $4,409 · program services $2,641 · management and general $1,385 · fundraising $383
-
13 · Office expenses
total $22,087 · program services $12,494 · management and general $6,549 · fundraising $3,044
-
14 · Information technology
total $70,537 · program services $42,251 · management and general $22,148 · fundraising $6,138
-
15 · Royalties
total $0
-
16 · Occupancy
total $68,044 · program services $40,758 · management and general $21,365 · fundraising $5,921
-
17 · Travel
total $103 · program services $62 · management and general $32 · fundraising $9
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $623 · management and general $623
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $27,649 · program services $16,562 · management and general $8,682 · fundraising $2,405
-
23 · Insurance
total $9,084 · program services $5,441 · management and general $2,852 · fundraising $791
-
24a · Other expenses: Initiative Expenses
total $26,480 · program services $26,480
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $17,540 · program services $10,506 · management and general $5,508 · fundraising $1,526
-
24c · Other expenses: Seminars
total $14,121 · program services $14,121
-
24d · Other expenses: Printing and Publications
total $9,737 · program services $1,366 · management and general $716 · fundraising $7,655
-
24e · All other expenses
total $28,589 · program services $12,352 · management and general $8,384 · fundraising $7,853
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20 · end of year $20
-
2 · Savings and temporary cash investments
beginning of year $3,212,984 · end of year $1,149,032
-
3 · Pledges and grants receivable
beginning of year $1,799,000 · end of year $3,177,000
-
4 · Accounts receivable
beginning of year $21,000 · 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 $59,495 · end of year $50,803
-
10a · Land, buildings and equipment: cost or other basis
$195,051
-
10b · Land, buildings and equipment: accumulated depreciation
$74,868
-
10c · Land, buildings and equipment, net
beginning of year $132,436 · end of year $120,183
-
11 · Investments: publicly traded securities
beginning of year $14,670,984 · end of year $27,476,872
-
12 · Investments: other securities
beginning of year $120,000 · end of year $120,000
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $104,843,544 · end of year $109,596,684
-
17 · Accounts payable and accrued expenses
beginning of year $22,574 · end of year $27,109
-
18 · Grants payable
beginning of year $3,119,489 · end of year $3,281,200
-
25 · Other liabilities
beginning of year $22,093,042 · end of year $26,509,508
-
27 · Net assets without donor restrictions
beginning of year $98,600,433 · end of year $111,513,624
-
28 · Net assets with donor restrictions
beginning of year $1,023,925 · end of year $359,153
Mission and programs · 2023
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 $6,126,074 · Grants $4,947,741
As filed on the 2023 return.
Listed in Part VII
-
Guy RovezziGUY ROVEZZI
President
- Total calculated
- $249,095
- From this org
- $0
- From related orgs
- $216,457
- Other
- $32,638
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- not reported + $216,457 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $19,464 related
- Nontaxable benefits
- not reported + $13,174 related
- Filer's total
- not reported + $249,095 related
-
mikhael Wilkinson
Sr VP of financeOP
- Total calculated
- $127,196
- From this org
- $0
- From related orgs
- $113,959
- Other
- $13,237
- Hours/week
- 35 + 5 related
-
Bradford hoar
VP philanthropic
- Total calculated
- $123,379
- From this org
- $0
- From related orgs
- $100,206
- Other
- $23,173
- Hours/week
- 35 + 5 related
-
Julia Scharnberg
VP Comm Engage
- Total calculated
- $119,167
- From this org
- $0
- From related orgs
- $104,014
- Other
- $15,153
- Hours/week
- 35 + 5 related
-
Anne Sutherland FuchsANNE SUTHERLAND FUCHS
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Don MaylandDON MAYLAND
1st Vice Chair
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Adrian Selby
Chairman
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
David Antoniazzi
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Elizabeth Brayboy
Director
- 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 SpiegelBARBARA SPIEGEL
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Victor M Muchell Esq
2nd Vice Chair
- 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
-
$248,200
General Support and Scholarships
-
$227,990
Case Manager and Education
-
$220,227
General and Program Support
-
$164,600
General Support
-
$149,600
General Support
-
$137,850
General Support
-
$124,100
Semi Annual Disbursement
-
$112,000
To cover expenses and awards
-
$100,000
Property Miantenance
-
$95,300
Cleaning & Coordinator Support
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.
-
NW CT Community Foundation Trust
501(c)(3) · Community Foundation Trust · CT
-
John T & Jane A Wiederhold Foundation
501(c)(3) · To Support the Welfare of Animals · CT
-
Foundation for Community Health
501(c)(3) · Maintain & Improve Health of Residents · CT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432189349300623
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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