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Nonprofiteer
← NEW CANAAN COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by NEW CANAAN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$2,915,669
Total expenses
$2,685,577
Contributions and grants received
$2,162,374
Grants paid
$1,925,904
Program service revenue
$2,700
Investment income
$782,777
Other revenue
-$32,182
Total assets, end of year
$25,768,610
Total liabilities, end of year
$250,791
Net assets or fund balances, end of year
$25,517,819
Program services expenses (Part IX)
$2,425,778
Management and general expenses
$124,120
Fundraising expenses
$135,679
Program service expenses (Part III)
$2,425,778

Program services were 90.3% 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.

  • 1c · Fundraising events

    $113,164

  • 1f · All other contributions, gifts and grants

    $2,049,210

  • 1g · Noncash contributions included above

    $204,635

  • 2a · Program service revenue: YPF PROGRAM REVENUE

    total $2,700 · related or exempt $2,700

  • 3 · Investment income

    total $777,113 · excluded $777,113

  • 7a · Gross sales of assets other than inventory

    securities $564,236

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

    securities $558,572

  • 7c · Gain or loss

    securities $5,664

  • 7d · Net gain or loss

    total $5,664 · excluded $5,664

  • 8a · Fundraising events: gross income

    $19,424

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

    $113,164

  • 8b · Fundraising events: direct expenses

    $51,606

  • 8c · Net income from fundraising events

    total -$32,182 · excluded -$32,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,892,818 · program services $1,892,818

  • 2 · Grants to domestic individuals

    total $33,086 · program services $33,086

  • 5 · Compensation of officers, directors and key employees

    total $159,428 · program services $115,740 · management and general $10,628 · fundraising $33,060

  • 7 · Other salaries and wages

    total $174,717 · program services $126,843 · management and general $11,654 · fundraising $36,220

  • 8 · Pension plan contributions

    total $18,394 · program services $13,354 · management and general $1,227 · fundraising $3,813

  • 9 · Other employee benefits

    total $20,896 · program services $15,170 · management and general $1,394 · fundraising $4,332

  • 10 · Payroll taxes

    total $23,540 · program services $17,090 · management and general $1,570 · fundraising $4,880

  • 11b · Fees: legal

    total $4,410 · management and general $4,410

  • 11c · Fees: accounting

    total $54,792 · management and general $54,792

  • 11f · Fees: investment management

    total $8,907 · management and general $8,907

  • 11g · Fees: other

    total $77,551 · program services $56,288 · management and general $4,941 · fundraising $16,322

  • 12 · Advertising and promotion

    total $12,247 · program services $9,049 · management and general $378 · fundraising $2,820

  • 13 · Office expenses

    total $19,447 · program services $11,364 · management and general $7,236 · fundraising $847

  • 16 · Occupancy

    total $47,448 · program services $34,447 · management and general $3,165 · fundraising $9,836

  • 17 · Travel

    total $977 · program services $709 · management and general $65 · fundraising $203

  • 19 · Conferences, conventions and meetings

    total $10,158 · program services $9,221 · fundraising $937

  • 22 · Depreciation, depletion and amortization

    total $3,077 · program services $2,234 · management and general $205 · fundraising $638

  • 23 · Insurance

    total $7,319 · management and general $7,319

  • 24a · Other expenses: FUND EXPENSE

    total $57,307 · program services $57,307

  • 24b · Other expenses: FEES & LICENSES

    total $21,192 · program services $14,017 · management and general $2,523 · fundraising $4,652

  • 24c · Other expenses: ANNUAL APPEAL

    total $17,439 · program services $4,360 · fundraising $13,079

  • 24d · Other expenses: OTHER FUNDRAISING EXPEN

    total $8,191 · program services $6,143 · fundraising $2,048

  • 24e · All other expenses

    total $12,236 · program services $6,538 · management and general $3,706 · fundraising $1,992

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,193 · end of year $453,022

  • 2 · Savings and temporary cash investments

    beginning of year $756,950 · end of year $410,297

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,222 · end of year $20,138

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

    $31,999

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

    $29,528

  • 10c · Land, buildings and equipment, net

    beginning of year $5,548 · end of year $2,471

  • 11 · Investments: publicly traded securities

    beginning of year $17,747,855 · end of year $19,278,809

  • 12 · Investments: other securities

    beginning of year $5,015,023 · end of year $5,537,508

  • 15 · Other assets

    beginning of year $58,006 · end of year $66,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,717 · end of year $35,062

  • 18 · Grants payable

    beginning of year $137,775 · end of year $167,450

  • 25 · Other liabilities

    beginning of year $0 · end of year $48,279

  • 27 · Net assets without donor restrictions

    beginning of year $10,688,998 · end of year $11,832,103

  • 28 · Net assets with donor restrictions

    beginning of year $12,751,307 · end of year $13,685,716

Mission and programs · 2022

Mission

NEW CANAAN COMMUNITY FOUNDATION ADDRESSES OUR COMMUNITY'S NEEDS BY PROVIDING LEADERSHIP ON LOCAL ISSUES, MAKING IMPACTFUL GRANTS, AND FACILITATING NEW CANAAN'S EFFECTIVE CHARITABLE GIVING.

  • GRANTS ARE MADE TO SUPPORT CAPITAL, PROGRAM AND OPERATING NEEDS OF LOCAL NONPROFIT ORGANIZATIONS.

    Expenses $2,156,189 · Grants $1,711,868

  • GRANTS ARE MADE TO PROVIDE SCHOLARSHIP ASSISTANCE FOR NEW CANAAN RESIDENTS WITH FINANCIAL NEED. GRANTS ARE ALSO MADE TO NONPROFIT ORGANIZATIONS TO SUPPORT THEIR SCHOLARSHIP EFFORTS.

    Expenses $244,084 · Grants $193,786

  • THE YOUNG PHILANTHROPISTS PROGRAM WORKS DURING THE SCHOOL YEAR WITH HIGH SCHOOL AGED STUDENTS LIVING OR GOING TO SCHOOL IN NEW CANAAN. STUDENTS LEARN ABOUT NONPROFIT ORGANIZATIONS, LOCAL ISSUES, AND COMMUNITY PHILANTHROPY, AND AWARD GRANTS TO SELECT NONPROFIT ORGANIZATIONS.

    Expenses $25,505 · Grants $20,250 · Revenue $2,700

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Aaron Cooper

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jim Clayton

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Cahill

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Alex Grantcharov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Schipper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Rashin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eileen Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erica Schwedel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frank Fetchet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jayne Benton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Sheffield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Mactas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kristina Woods

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Dobbin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Monica Chimera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ross Weiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Schubert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lauren Patterson

    PRESIDENT & CEO

    Total calculated
    $137,649
    From this org
    $124,394
    From related orgs
    $0
    Other
    $13,255
    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343159349300709

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

The source document this was parsed from is served over the API, which is where bulk and document access live.