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Nonprofiteer
← NEW CANAAN COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW CANAAN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$9,847,106
Total expenses
$3,559,033
Contributions and grants received
$4,714,159
Grants paid
$2,571,413
Program service revenue
$7,230
Investment income
$5,192,822
Other revenue
-$67,105
Total assets, end of year
$32,012,168
Total liabilities, end of year
$466,977
Net assets or fund balances, end of year
$31,545,191
Program services expenses (Part IX)
$3,092,040
Management and general expenses
$188,892
Fundraising expenses
$278,101
Program service expenses (Part III)
$3,092,040

Program services were 86.9% 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

    $406,495

  • 1e · Government grants (contributions)

    $56,846

  • 1f · All other contributions, gifts and grants

    $4,250,818

  • 1g · Noncash contributions included above

    $316,551

  • 2a · Program service revenue: YPF PROGRAM REVENUE

    total $7,230 · related or exempt $7,230

  • 3 · Investment income

    total $579,415 · excluded $579,415

  • 7a · Gross sales of assets other than inventory

    securities $28,517,648

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

    securities $23,904,241

  • 7c · Gain or loss

    securities $4,613,407

  • 7d · Net gain or loss

    total $4,613,407 · excluded $4,613,407

  • 8a · Fundraising events: gross income

    $23,980

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

    $406,495

  • 8b · Fundraising events: direct expenses

    $91,085

  • 8c · Net income from fundraising events

    total -$67,105 · excluded -$67,105

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,571,413 · program services $2,571,413

  • 5 · Compensation of officers, directors and key employees

    total $177,943 · program services $142,354 · management and general $8,898 · fundraising $26,691

  • 7 · Other salaries and wages

    total $249,266 · program services $131,142 · management and general $17,846 · fundraising $100,278

  • 8 · Pension plan contributions

    total $13,747 · program services $7,004 · management and general $1,002 · fundraising $5,741

  • 9 · Other employee benefits

    total $15,800 · program services $9,330 · management and general $1,051 · fundraising $5,419

  • 10 · Payroll taxes

    total $39,975 · program services $25,366 · management and general $2,520 · fundraising $12,089

  • 11c · Fees: accounting

    total $58,594 · management and general $58,594

  • 11f · Fees: investment management

    total $68,100 · management and general $68,100

  • 11g · Fees: other

    total $120,696 · program services $28,645 · management and general $5,452 · fundraising $86,599

  • 12 · Advertising and promotion

    total $5,424 · program services $3,529 · management and general $295 · fundraising $1,600

  • 13 · Office expenses

    total $30,975 · program services $16,763 · management and general $10,611 · fundraising $3,601

  • 14 · Information technology

    total $26,616 · program services $15,807 · management and general $3,181 · fundraising $7,628

  • 16 · Occupancy

    total $50,504 · program services $32,039 · management and general $3,200 · fundraising $15,265

  • 17 · Travel

    total $1,965 · program services $1,247 · management and general $124 · fundraising $594

  • 19 · Conferences, conventions and meetings

    total $5,749 · program services $5,611 · fundraising $138

  • 22 · Depreciation, depletion and amortization

    total $965 · program services $551 · management and general $295 · fundraising $119

  • 23 · Insurance

    total $7,723 · management and general $7,723

  • 24a · Other expenses: FUND EXPENSE

    total $85,678 · program services $85,678

  • 24b · Other expenses: OTHER FUNDRAISING EXPEN

    total $18,139 · program services $13,121 · fundraising $5,018

  • 24c · Other expenses: ANNUAL APPEAL

    total $9,761 · program services $2,440 · fundraising $7,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,036 · end of year $514,709

  • 2 · Savings and temporary cash investments

    beginning of year $179,875 · end of year $1,665,507

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

    $32,117

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

    $29,426

  • 10c · Land, buildings and equipment, net

    beginning of year $1,296 · end of year $2,691

  • 11 · Investments: publicly traded securities

    beginning of year $20,621,696 · end of year $29,649,729

  • 12 · Investments: other securities

    beginning of year $5,885,366

  • 15 · Other assets

    beginning of year $34,816 · end of year $179,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,057 · end of year $14,850

  • 18 · Grants payable

    beginning of year $180,125 · end of year $280,050

  • 25 · Other liabilities

    beginning of year $2,972 · end of year $172,077

  • 27 · Net assets without donor restrictions

    beginning of year $12,001,105 · end of year $15,443,525

  • 28 · Net assets with donor restrictions

    beginning of year $14,599,826 · end of year $16,101,666

Mission and programs · 2024

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 $2,818,599 · Grants $2,344,013

  • 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 $234,361 · Grants $194,900

  • 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 $39,080 · Grants $32,500 · Revenue $7,230

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Aaron Cooper

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Chris Schipper

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jim Clayton

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Eileen Boyd

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dan Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Rashin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erica Schwedel

    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

  • 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

  • Jim Huetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marley Thackray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Holly Casella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Hines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Kuehner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alex Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lauren Patterson

    PRESIDENT & CEO

    Total calculated
    $163,093
    From this org
    $148,500
    From related orgs
    $0
    Other
    $14,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,500
    Bonus
    $0
    Other
    $0
    Deferred
    $10,393
    Nontaxable benefits
    $4,200
    Filer's total
    $163,093

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 · Form 990 of other organizations
  • 3 · Compensation survey or study

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

  • TOWN OF NEW CANAAN

    $198,077

    GRANTS RECOMMENDED BY DAF, FOR EMERGENCY FINANCIAL ASSISTANCE & FOR COPPO FIELD PROJECT

  • NEW CANAAN YMCA

    $109,630

    GRANTS RECOMMENDED BY DAF & FOR THE COMBINED HEAT & POWER PROJECT

  • TOMMY FUND INC

    $109,150

    GRANTS RECOMMENDED BY DAF

  • NEW CANAAN LAND TRUST

    $106,513

    GRANTS RECOMMENDED BY DAF

  • NEW CANAAN PUBLIC SCHOOLS

    $85,634

    GRANTS FOR THE DOME, EMERGENCY FINANCIAL ASSISTANCE & SCHOLARSHIP

  • SILVER HILL HOSPITAL INC

    $75,500

    GRANTS RECOMMENDED BY DAF, FOR MENTAL HEALTH PARITY RESEARCH INITIATIVE & FOR THE ASSESSMENT PROGRAM

  • PLANET NEW CANAAN

    $55,600

    GRANTS RECOMMENDED BY DAF, FOR GENERAL OPERATING & NCHS COMMUNITY IMPACT AWARD

  • MOUNT SAINT JOSEPH HIGH SCHOOL

    $50,000

    GRANT RECOMMENDED BY DAF

  • WAVENY LIFECARE NETWORK INC

    $36,800

    GRANTS RECOMMENDED BY DAF, FOR GENERAL OPERATING & FOR THE KATHLEEN M. FRUIN, RN CERTIFIED NURSING AIDE SCHOOL

  • PERSON TO PERSON INC

    $36,250

    GRANTS RECOMMENDED BY DAF, FOR GENERAL OPERATING & SCHOLARSHIP

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202523469349301182

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

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