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Nonprofiteer
← GREATER HARTFORD COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by GREATER HARTFORD COMMUNITY FOUNDATION INC.

Totals

Total revenue
$40,739,811
Total expenses
$40,637,611
Contributions and grants received
$12,172,257
Grants paid
$848,110
Program service revenue
$28,199,128
Investment income
$165,668
Other revenue
$202,758
Total assets, end of year
$11,949,591
Total liabilities, end of year
$9,524,181
Net assets or fund balances, end of year
$2,425,410
Program services expenses (Part IX)
$40,111,075
Management and general expenses
$365,772
Fundraising expenses
$160,764
Program service expenses (Part III)
$40,111,075

Program services were 98.7% 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

    $186,893

  • 1e · Government grants (contributions)

    $48,000

  • 1f · All other contributions, gifts and grants

    $11,937,364

  • 2a · Program service revenue: EVENT REVENUE

    total $28,199,128 · related or exempt $28,199,128

  • 3 · Investment income

    total $165,668 · excluded $165,668

  • 8a · Fundraising events: gross income

    $92,000

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

    $186,893

  • 8b · Fundraising events: direct expenses

    $132,090

  • 8c · Net income from fundraising events

    total -$40,090 · excluded -$40,090

  • 11a · Other revenue: INSURANCE REIMBURSEMENT

    total $130,000 · related or exempt $130,000

  • 11d · All other revenue

    total $112,848 · related or exempt $112,848

  • 11e · Other revenue, total

    $242,848

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $848,110 · program services $848,110

  • 5 · Compensation of officers, directors and key employees

    total $1,263,840 · program services $1,123,856 · management and general $104,988 · fundraising $34,996

  • 7 · Other salaries and wages

    total $1,116,988 · program services $993,269 · management and general $92,789 · fundraising $30,930

  • 8 · Pension plan contributions

    total $41,162 · program services $36,603 · management and general $3,419 · fundraising $1,140

  • 9 · Other employee benefits

    total $114,131 · program services $101,489 · management and general $9,482 · fundraising $3,160

  • 10 · Payroll taxes

    total $137,311 · program services $122,102 · management and general $11,407 · fundraising $3,802

  • 11b · Fees: legal

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $119,479 · program services $72,181 · management and general $47,298

  • 11g · Fees: other

    total $59,720 · program services $19,737 · management and general $36,237 · fundraising $3,746

  • 12 · Advertising and promotion

    total $3,064,402 · program services $3,063,510 · management and general $669 · fundraising $223

  • 13 · Office expenses

    total $164,377 · program services $144,652 · management and general $14,794 · fundraising $4,931

  • 16 · Occupancy

    total $3,889,060 · program services $3,850,421 · management and general $28,980 · fundraising $9,659

  • 22 · Depreciation, depletion and amortization

    total $50,250 · program services $50,250

  • 23 · Insurance

    total $142,075 · program services $125,026 · management and general $12,787 · fundraising $4,262

  • 24a · Other expenses: PRIZE MONEY

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

  • 24b · Other expenses: CORPORATE HOSPITALITY

    total $3,197,742 · program services $3,197,742

  • 24c · Other expenses: TOURNAMENT WEEK

    total $2,001,538 · program services $2,001,538

  • 24d · Other expenses: SPONSORS AND SOCIALS

    total $1,719,331 · program services $1,719,331

  • 24e · All other expenses

    total $2,683,095 · program services $2,616,258 · management and general $2,922 · fundraising $63,915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,895,653 · end of year $1,515,740

  • 2 · Savings and temporary cash investments

    beginning of year $2,633,826 · end of year $7,024,003

  • 3 · Pledges and grants receivable

    beginning of year $220,230 · end of year $185,614

  • 4 · Accounts receivable

    beginning of year $3,289,565 · end of year $2,770,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,280 · end of year $177,831

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

    $812,859

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

    $536,821

  • 10c · Land, buildings and equipment, net

    beginning of year $130,252 · end of year $276,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,682,596 · end of year $6,978,647

  • 19 · Deferred revenue

    beginning of year $264,000 · end of year $2,545,534

  • 27 · Net assets without donor restrictions

    beginning of year $2,322,694 · end of year $2,425,410

  • 28 · Net assets with donor restrictions

    beginning of year $516 · end of year $0

Mission and programs · 2023

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 $40,111,075 · Grants $848,110 · Revenue $28,441,976

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

Listed in Part VII

  • Daniel E Kleinman Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • 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

  • Glenn Sieber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory M Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Henry Hughes

    OUTGOING 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

  • Peter Heard

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Gelfenbien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ted May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathaniel Grube

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $625,857
    From this org
    $596,198
    From related orgs
    $0
    Other
    $29,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,198
    Bonus
    $400,000
    Other
    $0
    Deferred
    $2,769
    Nontaxable benefits
    $26,890
    Filer's total
    $625,857

  • Kevin Harrington

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $270,567
    From this org
    $240,735
    From related orgs
    $0
    Other
    $29,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,735
    Bonus
    $115,000
    Other
    $0
    Deferred
    $3,993
    Nontaxable benefits
    $25,839
    Filer's total
    $270,567

  • Tara Gerber

    SENIOR DIRECTOR STRATEGY

    Total calculated
    $288,531
    From this org
    $275,601
    From related orgs
    $0
    Other
    $12,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,601
    Bonus
    $125,000
    Other
    $0
    Deferred
    $6,075
    Nontaxable benefits
    $6,855
    Filer's total
    $288,531

  • Rob Croce

    DIRECTOR OF BUSINESS DEVELOP

    Total calculated
    $151,079
    From this org
    $146,892
    From related orgs
    $0
    Other
    $4,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $74,020
    Bonus
    $72,872
    Other
    $0
    Deferred
    $4,187
    Nontaxable benefits
    $0
    Filer's total
    $151,079

  • Kendall K Lauder

    DIRECTOR OF CLIENT RELATIONS

    Total calculated
    $192,149
    From this org
    $172,413
    From related orgs
    $0
    Other
    $19,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $83,597
    Bonus
    $88,816
    Other
    $0
    Deferred
    $3,423
    Nontaxable benefits
    $16,313
    Filer's total
    $192,149

  • Peter Baranski

    OPERATIONS MANAGER

    Total calculated
    $120,690
    From this org
    $110,749
    From related orgs
    $0
    Other
    $9,941
    Hours/week
    40

  • Taylor Whiting

    VOLUNTEER AND CHARITY MANAGER

    Total calculated
    $120,747
    From this org
    $110,909
    From related orgs
    $0
    Other
    $9,838
    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 2023 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
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202520489349300637

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

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