Totals
- Total revenue
- $19,808
- Total expenses
- $424,024
- Contributions and grants received
- $1,650
- Grants paid
- $400,000
- Program service revenue
- $0
- Investment income
- $18,158
- Other revenue
- $0
- Total assets, end of year
- $3,015,826
- Total liabilities, end of year
- $13,192
- Net assets or fund balances, end of year
- $3,002,634
- Program services expenses (Part IX)
- $400,000
- Management and general expenses
- $24,024
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $400,000
Program services were 94.3% 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
$1,650
-
3 · Investment income
total $17,771 · excluded $17,771
-
7a · Gross sales of assets other than inventory
other assets $387
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $387
-
7d · Net gain or loss
total $387 · excluded $387
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $400,000 · program services $400,000
-
11c · Fees: accounting
total $5,200 · management and general $5,200
-
13 · Office expenses
total $8,054 · management and general $8,054
-
22 · Depreciation, depletion and amortization
total $7,722 · management and general $7,722
-
23 · Insurance
total $3,048 · management and general $3,048
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $194,977 · end of year $189,158
-
4 · Accounts receivable
beginning of year $50 · end of year $50
-
10a · Land, buildings and equipment: cost or other basis
$228,035
-
10b · Land, buildings and equipment: accumulated depreciation
$137,791
-
10c · Land, buildings and equipment, net
beginning of year $97,966 · end of year $90,244
-
11 · Investments: publicly traded securities
beginning of year $2,447,387 · end of year $2,722,142
-
15 · Other assets
beginning of year $414,232 · end of year $14,232
-
25 · Other liabilities
beginning of year $4,844 · end of year $13,192
-
27 · Net assets without donor restrictions
beginning of year $2,979,782 · end of year $2,822,405
-
28 · Net assets with donor restrictions
beginning of year $169,986 · end of year $180,229
Mission and programs · 2023
Mission
CCARC FOUNDATION, INC. SUPPORTS THE PROGRAMS AND GOALS OF CCARC, INC.
Activities or mission (Part I)
OUR MISSION IS TO SUPPORT THE PROGRAMS AND GOALS OF CCARC, INC.
-
THE FOUNDATION'S ONLY PROGRAM IS TO SUPPORT CCARC, INC. IN ITS MISSION.
Expenses $400,000 · Grants $400,000
As filed on the 2023 return.
Listed in Part VII
-
Andreas KapetanopoulosANDREAS KAPETANOPOULOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian CutlerBRIAN CUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy VacchelliCATHY VACCHELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Charles BoosCHARLES BOOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna RutolaDONNA RUTOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory StafstromGREGORY STAFSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lindsley WellmanLINDSLEY WELLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lynn RicciLYNN RICCI
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mary Jean AgostiniMARY JEAN AGOSTINI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Melissa GagneMELISSA GAGNE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael CarrierMICHAEL CARRIER
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Paul SalinaPAUL SALINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott BoosSCOTT BOOS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Linda IovannaLINDA IOVANNA
CEO
- Total calculated
- $230,878
- From this org
- $0
- From related orgs
- $203,456
- Other
- $27,422
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $203,059 related
- Bonus
- $0
- Other
- $0 + $397 related
- Deferred
- $0 + $16,208 related
- Nontaxable benefits
- $0 + $11,214 related
- Filer's total
- $0 + $230,878 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
The filer's explanations (Part III)
- FORM 990 SCHEDULE J PART III
- THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS EVALUATES THE RELATED PARTY CEO'S PERFORMANCE ANNUALLY. THE COMMITTEE IS PROVIDED WITH A SALARY SUMMARY REPORT (A SALARY SURVEY CONDUCTED BY THE CONNECTICUT NON PROFIT ALLIANCE) TO DETERMINE THE RELATED PARTY CEO'S SALARY COMPENSATION AND OTHER BENEFITS. THIS SURVEY IS COMPLETED EVERY 2 YEARS FOR ALL POSITIONS WITHIN THE PRIVATE PROVIDER COMMUNITY. THE REVIEW IS PRESENTED TO THE RELATED PARTY CEO AND REPORTED TO THE BOARD.
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
-
$400,000
SUPPORT CCARC 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.
-
501(C)(3) · PROVIDE SERVICES TO DEVELOPMENTALLY DISABLED · CT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531349349302963
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