Form 990 for tax year 2022
Filed by COMMUNITY FOUNDATION OF EASTERN CONNECTICUT.
Totals
- Total revenue
- $10,396,872
- Total expenses
- $8,802,564
- Contributions and grants received
- $8,879,361
- Grants paid
- $7,019,146
- Program service revenue
- $0
- Investment income
- $1,464,758
- Other revenue
- $52,753
- Total assets, end of year
- $106,532,387
- Total liabilities, end of year
- $2,029,285
- Net assets or fund balances, end of year
- $104,503,102
- Program services expenses (Part IX)
- $7,782,212
- Management and general expenses
- $685,766
- Fundraising expenses
- $334,586
- Program service expenses (Part III)
- $7,782,212
Program services were 88.4% 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
$8,879,361
-
1g · Noncash contributions included above
$1,436,563
-
3 · Investment income
total $1,464,758 · excluded $1,464,758
-
11a · Other revenue: OTHER REVENUE
total $52,753 · unrelated business $52,753 · excluded $0
-
11e · Other revenue, total
$52,753
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,971,359 · program services $5,971,359
-
2 · Grants to domestic individuals
total $1,047,787 · program services $1,047,787
-
5 · Compensation of officers, directors and key employees
total $277,494 · program services $152,622 · management and general $97,123 · fundraising $27,749
-
7 · Other salaries and wages
total $674,270 · program services $361,792 · management and general $136,375 · fundraising $176,103
-
9 · Other employee benefits
total $80,636 · program services $48,605 · management and general $9,328 · fundraising $22,703
-
10 · Payroll taxes
total $66,428 · program services $35,871 · management and general $15,943 · fundraising $14,614
-
11c · Fees: accounting
total $51,058 · management and general $51,058
-
11f · Fees: investment management
total $322,984 · management and general $322,984
-
11g · Fees: other
total $5,546 · program services $1,807 · management and general $3,003 · fundraising $736
-
12 · Advertising and promotion
total $8,853 · fundraising $8,853
-
13 · Office expenses
total $6,825 · program services $2,766 · management and general $1,668 · fundraising $2,391
-
14 · Information technology
total $65,441 · program services $32,104 · management and general $14,269 · fundraising $19,068
-
16 · Occupancy
total $12,954 · program services $4,793 · management and general $4,534 · fundraising $3,627
-
17 · Travel
total $16,390 · program services $10,030 · management and general $2,533 · fundraising $3,827
-
19 · Conferences, conventions and meetings
total $3,395 · management and general $3,395
-
20 · Interest
total $317 · management and general $317
-
22 · Depreciation, depletion and amortization
total $25,005 · program services $13,503 · management and general $6,001 · fundraising $5,501
-
23 · Insurance
total $9,441 · program services $5,098 · management and general $2,266 · fundraising $2,077
-
24a · Other expenses: PROGRAM SUPPORT
total $56,093 · program services $56,093
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $34,204 · program services $18,470 · management and general $8,209 · fundraising $7,525
-
24c · Other expenses: DEVELOPMENT SUPPORT
total $18,007 · fundraising $18,007
-
24d · Other expenses: ANNUAL REPORT
total $16,549 · program services $11,585 · management and general $827 · fundraising $4,137
-
24e · All other expenses
total $31,528 · program services $7,927 · management and general $5,933 · fundraising $17,668
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,784,311 · end of year $5,283,190
-
3 · Pledges and grants receivable
beginning of year $8,246 · end of year $38,085
-
9 · Prepaid expenses and deferred charges
beginning of year $55,553 · end of year $61,935
-
10a · Land, buildings and equipment: cost or other basis
$623,448
-
10b · Land, buildings and equipment: accumulated depreciation
$228,253
-
10c · Land, buildings and equipment, net
beginning of year $420,200 · end of year $395,195
-
11 · Investments: publicly traded securities
beginning of year $112,516,397 · end of year $96,226,018
-
12 · Investments: other securities
beginning of year $5,631,625 · end of year $4,527,964
-
17 · Accounts payable and accrued expenses
beginning of year $176,442 · end of year $146,495
-
18 · Grants payable
beginning of year $1,486,411 · end of year $1,736,615
-
25 · Other liabilities
beginning of year $169,873 · end of year $146,175
-
27 · Net assets without donor restrictions
beginning of year $116,339,448 · end of year $100,294,992
-
28 · Net assets with donor restrictions
beginning of year $5,244,158 · end of year $4,208,110
Mission and programs · 2022
Mission
PHILANTHROPIC ORG THAT PROMOTES GIVING FOR COMMUNITY IMPACT THROUGH GRANTMAKING AND SCHOLARSHIPS.
-
GENERAL GRANTS:PROVIDE SUPPORT TO VARIOUS 501C(3) ORGANIZATIONS IN OUR FORTY-TWO TOWN SERVICE AREA. FOCUS ON EMPOWERING YOUTH, BASIC NEEDS AND RIGHTS, PRESERVING THE ENVIRONMENT AND ADVANCING ANIMAL WELFARE. GRANTS ARE AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE,OR BY BOARD APPROVED DONOR ADVISED RECOMMENDATIONS.
Expenses $6,336,041 · Grants $5,695,066
-
SCHOLARSHIP AWARDS:TUITION ASSISTANCE FOR STUDENTS WHO ARE JUST ENTERING COLLEGE AND THOSE WHO ARE ALREADY ENROLLED. SCHOLARSHIPS ARE ALSO AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE.
Expenses $1,146,986 · Grants $1,047,787
-
WOMEN & GIRLSONE OF THE FOUNDATION'S LONG STANDING INITIATIVES IS ITS WOMEN & GIRLS FUND. RELATED GRANTS SUPPORT ISSUES SUCH AS DOMESTIC VIOLENCE PREVENTION, TEEN PREGNANCY PREVENTION, AND OTHER ISSUES FACING WOMEN AND GIRLS.
Expenses $299,185 · Grants $276,293
As filed on the 2022 return.
Listed in Part VII
-
Edwin Higgins IIIEDWIN HIGGINS III
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Lee-Ann GomesLEE-ANN GOMES
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Margaret O'SheaMARGARET O'SHEA
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Mary BroderickMARY BRODERICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Harry FergusonHARRY FERGUSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Patrick GreenPATRICK GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Izaskun LarranetaIZASKUN LARRANETA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
John PritchardJOHN PRITCHARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Michael RauhMICHAEL RAUH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Barbara SahaganBARBARA SAHAGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Carol WilliamsCAROL WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Nicholas FortsonNICHOLAS FORTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Maryam ElahiMARYAM ELAHI
PRESIDENT AND CEO
- Total calculated
- $278,544
- From this org
- $232,413
- From related orgs
- $0
- Other
- $46,131
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,878
- Bonus
- $0
- Other
- $535
- Deferred
- $0
- Nontaxable benefits
- $46,131
- Filer's total
- $278,544
-
Janet GrantJANET GRANT
CFO
- Total calculated
- $135,791
- From this org
- $123,177
- From related orgs
- $0
- Other
- $12,614
- Hours/week
- 40
-
Jennifer O'BrienJENNIFER O'BRIEN
PROGRAM DIRECTOR
- Total calculated
- $123,188
- From this org
- $100,271
- From related orgs
- $0
- Other
- $22,917
- 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 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
-
VARIOUS
$5,751,575
VARIOUS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349309610
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