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Nonprofiteer
← COMMUNITY FOUNDATION OF GREATER NEW BRITAIN INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF GREATER NEW BRITAIN INC.

Totals

Total revenue
$2,837,690
Total expenses
$3,293,702
Contributions and grants received
$1,311,874
Grants paid
$1,874,593
Program service revenue
$0
Investment income
$1,495,513
Other revenue
$30,303
Total assets, end of year
$51,582,187
Total liabilities, end of year
$422,293
Net assets or fund balances, end of year
$51,159,894
Program services expenses (Part IX)
$2,576,308
Management and general expenses
$665,081
Fundraising expenses
$52,313
Program service expenses (Part III)
$2,576,308

Program services were 78.2% 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

    $1,311,874

  • 1g · Noncash contributions included above

    $3,579

  • 3 · Investment income

    total $1,623,531 · excluded $1,623,531

  • 6a · Gross rents

    real property $45,602

  • 6b · Less rental expenses

    real property $29,629

  • 6c · Rental income or loss

    real property $15,973

  • 6d · Net rental income or loss

    total $15,973 · excluded $15,973

  • 7a · Gross sales of assets other than inventory

    securities $1,478,173

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

    securities $1,606,191

  • 7c · Gain or loss

    securities -$128,018

  • 7d · Net gain or loss

    total -$128,018 · excluded -$128,018

  • 11a · Other revenue: FIDUCIARY FEES

    total $4,000 · related or exempt $4,000

  • 11d · All other revenue

    total $10,330 · related or exempt $10,330

  • 11e · Other revenue, total

    $14,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,574,315 · program services $1,574,315

  • 2 · Grants to domestic individuals

    total $300,278 · program services $300,278

  • 5 · Compensation of officers, directors and key employees

    total $384,946 · program services $120,135 · management and general $245,152 · fundraising $19,659

  • 7 · Other salaries and wages

    total $276,291 · program services $165,581 · management and general $97,511 · fundraising $13,199

  • 8 · Pension plan contributions

    total $26,205 · program services $12,263 · management and general $13,942

  • 9 · Other employee benefits

    total $48,859 · program services $22,764 · management and general $25,713 · fundraising $382

  • 10 · Payroll taxes

    total $46,382 · program services $20,670 · management and general $23,497 · fundraising $2,215

  • 11b · Fees: legal

    total $5,667 · program services $810 · management and general $4,857

  • 11c · Fees: accounting

    total $28,380 · management and general $28,380

  • 11f · Fees: investment management

    total $271,716 · program services $206,504 · management and general $62,495 · fundraising $2,717

  • 11g · Fees: other

    total $61,326 · program services $60,586 · management and general $740

  • 12 · Advertising and promotion

    total $43,993 · program services $9,304 · management and general $31,023 · fundraising $3,666

  • 13 · Office expenses

    total $23,190 · program services $10,220 · management and general $12,022 · fundraising $948

  • 14 · Information technology

    total $63,431 · program services $14,815 · management and general $41,827 · fundraising $6,789

  • 16 · Occupancy

    total $31,320 · program services $13,489 · management and general $16,311 · fundraising $1,520

  • 17 · Travel

    total $2,510 · program services $910 · management and general $1,204 · fundraising $396

  • 19 · Conferences, conventions and meetings

    total $19,742 · program services $6,302 · management and general $13,440

  • 22 · Depreciation, depletion and amortization

    total $41,359 · program services $7,295 · management and general $33,242 · fundraising $822

  • 23 · Insurance

    total $8,749 · program services $1,917 · management and general $6,832

  • 24e · All other expenses

    total $35,043 · program services $28,150 · management and general $6,893

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,704 · end of year $273,497

  • 2 · Savings and temporary cash investments

    beginning of year $905,578 · end of year $177,300

  • 3 · Pledges and grants receivable

    beginning of year $14,093 · end of year $100

  • 4 · Accounts receivable

    beginning of year $6,560 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,454 · end of year $23,306

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

    $950,736

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

    $579,084

  • 10c · Land, buildings and equipment, net

    beginning of year $379,686 · end of year $371,652

  • 11 · Investments: publicly traded securities

    beginning of year $59,577,717 · end of year $50,736,332

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,284 · end of year $95,825

  • 18 · Grants payable

    beginning of year $97,561 · end of year $324,419

  • 19 · Deferred revenue

    end of year $1,104

  • 25 · Other liabilities

    beginning of year $2,610 · end of year $945

  • 27 · Net assets without donor restrictions

    beginning of year $60,748,766 · end of year $51,089,222

  • 28 · Net assets with donor restrictions

    beginning of year $114,571 · end of year $70,672

Mission and programs · 2022

Mission

TO INSPIRE PHILANTHROPY, MANAGE PERMANENT CHARITABLE ASSETS, AND PARTNER TO ADDRESS KEY COMMUNITY ISSUES THROUGH STRATEGIC LEADERSHIP.

Activities or mission (Part I)

INSPIRE PHILANTHROPY, MANAGE PERMANENT CHARITABLE ASSETS, AND ADDRESS KEY COMMUNITY ISSUES.

  • COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S HEALTH & HUMAN SERVICE AND COMMUNITY & ECONOMIC DEVELOPMENT AREAS OF INTEREST.

    Expenses $947,854 · Grants $697,825

  • FIRST YEARS FIRST EARLY CHILDHOOD DEVELOPMENT INITIATIVE GRANTS, COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S EDUCATION AREA OF INTEREST, AND SCHOLARSHIP AWARDS.

    Expenses $989,447 · Grants $711,692

  • COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S ARTS, CULTURE & HERITAGE AREA OF INTEREST.

    Expenses $177,792 · Grants $130,894

  • Expenses $461,215 · Grants $334,182 · Revenue $14,330

As filed on the 2022 return.

Listed in Part VII

  • Arthur Schaller

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Adam Salina

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • John Cookley

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Zachary Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Timothy Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jerrell Hargraves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nina Jankowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janis Jerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Camelia Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pastor Thomas Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Fawatih Mohamed-Abouh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Dighello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Ostapchuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Farley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Violet Sims

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Zulma Toro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Nicole Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Obedzinski

    PRESIDENT AND SECRETARY

    Total calculated
    $195,287
    From this org
    $172,146
    From related orgs
    $0
    Other
    $23,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,146
    Bonus
    $0
    Other
    $0
    Deferred
    $9,609
    Nontaxable benefits
    $13,532
    Filer's total
    $195,287

  • Robert Trojanowski

    VP AND CFO

    Total calculated
    $146,994
    From this org
    $125,627
    From related orgs
    $0
    Other
    $21,367
    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 · 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 June 2023
IRS schema version
2022v5.0
Source object
202301679349301000

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

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