Form 990 for tax year 2022
Filed by SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $4,744,595
- Total expenses
- $4,131,363
- Contributions and grants received
- $4,163,756
- Grants paid
- $3,515,278
- Program service revenue
- $108,998
- Investment income
- $550,607
- Other revenue
- -$78,766
- Total assets, end of year
- $49,811,036
- Total liabilities, end of year
- $372,996
- Net assets or fund balances, end of year
- $49,438,040
- Program services expenses (Part IX)
- $3,515,278
- Management and general expenses
- $482,340
- Fundraising expenses
- $133,745
- Program service expenses (Part III)
- $3,515,278
Program services were 85.1% 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
$110,352
-
1f · All other contributions, gifts and grants
$4,053,404
-
1g · Noncash contributions included above
$27,995
-
2a · Program service revenue: ATHLETIC AND EDUCATION EVENTS
total $108,998 · related or exempt $108,998
-
3 · Investment income
total $36,800 · excluded $36,800
-
7a · Gross sales of assets other than inventory
securities $2,850,379
-
7b · Less cost or other basis and sales expenses
securities $2,336,572
-
7c · Gain or loss
securities $513,807
-
7d · Net gain or loss
total $513,807 · excluded $513,807
-
8a · Fundraising events: gross income
$69,495
-
8a · Fundraising events: contributions included on line 1c
$110,352
-
8b · Fundraising events: direct expenses
$148,261
-
8c · Net income from fundraising events
total -$78,766 · excluded -$78,766
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,447,407 · program services $3,447,407
-
2 · Grants to domestic individuals
total $67,871 · program services $67,871
-
11a · Fees: management
total $336,957 · management and general $203,212 · fundraising $133,745
-
11b · Fees: legal
total $6,556 · management and general $6,556
-
11c · Fees: accounting
total $34,965 · management and general $34,965
-
11f · Fees: investment management
total $127,625 · management and general $127,625
-
11g · Fees: other
total $12,199 · management and general $12,199
-
13 · Office expenses
total $71,631 · management and general $71,631
-
16 · Occupancy
total $3,904 · management and general $3,904
-
17 · Travel
total $4,601 · management and general $4,601
-
19 · Conferences, conventions and meetings
total $6,683 · management and general $6,683
-
23 · Insurance
total $8,104 · management and general $8,104
-
24a · Other expenses: DUES, MEMBERSHIPS AND S
total $2,860 · management and general $2,860
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $349,249 · end of year $190,314
-
2 · Savings and temporary cash investments
beginning of year $5,854 · end of year $15,370
-
3 · Pledges and grants receivable
beginning of year $3,831,078 · end of year $4,375,799
-
9 · Prepaid expenses and deferred charges
beginning of year $62,525
-
12 · Investments: other securities
beginning of year $40,794,327 · end of year $44,926,594
-
13 · Investments: program-related
beginning of year $269,286 · end of year $302,959
-
17 · Accounts payable and accrued expenses
beginning of year $323,007 · end of year $126,696
-
21 · Escrow or custodial account liability
beginning of year $215,632 · end of year $237,661
-
25 · Other liabilities
beginning of year $9,085 · end of year $8,639
-
27 · Net assets without donor restrictions
beginning of year $3,814,166 · end of year $4,141,993
-
28 · Net assets with donor restrictions
beginning of year $40,950,429 · end of year $45,296,047
Mission and programs · 2022
Mission
SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") EXISTS TO ASSIST SOUTHERN CONNECTICUT STATE UNIVERSITY (THE "UNIVERSITY") IN FULFILLING ITS MISSION AND ACHIEVING ITS VISION THROUGH THE DEVELOPMENT, STEWARDSHIP, AND DELIVERY OF PRIVATE FINANCIAL RESOURCES. THE FOUNDATION DELIVERS FINANCIAL MANAGEMENT OF THE PRIVATE RESOURCES RECEIVED THROUGH THE INVESTMENT OF CONTRIBUTIONS FOR ANY OR ALL OF THE EDUCATIONAL SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY THE UNIVERSITY.
Activities or mission (Part I)
OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, CULTURAL,(CONTINUED ON SCHEDULE O) EDUCATIONAL AND RECREATIONAL PURPOSES TO PROMOTE THE OBJECTIVES AT SOUTHERN CONNECTICUT STATE UNIVERSITY.
-
SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY.
Expenses $1,628,872 · Grants $1,628,872
-
UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY.
Expenses $1,630,772 · Grants $1,630,772 · Revenue $108,998
-
UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS.
Expenses $255,634 · Grants $255,634
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christopher BorajkiewiczCHRISTOPHER BORAJKIEWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David VanceDAVID VANCE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Edmund MarcarelliEDMUND MARCARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
J Philip SmithJ PHILIP SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jacquelynn GarofanoJACQUELYNN GAROFANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James BlakeJAMES BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jocelynne RaineyJOCELYNNE RAINEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jodi Euerle-EddyJODI EUERLE-EDDY
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John EmraJOHN EMRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John MezzanotteJOHN MEZZANOTTE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jon PedersenJON PEDERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kris Adanti-PedersenKRIS ADANTI-PEDERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lashaunte Kelley-JamesLASHAUNTE KELLEY-JAMES
ALUMNI REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 2
-
Lindy GoldLINDY GOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lou GianquintoLOU GIANQUINTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark TariniMARK TARINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael KatzMICHAEL KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael KinganMICHAEL KINGAN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Norbert WilliamsonNORBERT WILLIAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pieter Van VredenburchPIETER VAN VREDENBURCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ruth ErenRUTH EREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ashley Tisbert-HarmonASHLEY TISBERT-HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sharon MisasiSHARON MISASI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James BarberJAMES BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael AriasMICHAEL ARIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Krista HayesKRISTA HAYES
BUSINESS MANAGER
- Total calculated
- $0
- Hours/week
- 35
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
-
SOUTHERN CT STATE UNIVERSITY
$3,400,407
SCHOLARSHIP & GRANTS 1,561,001
-
SOUTHERN CT STATE UNIVERSITY ALUMN ASSOCIATION
$47,000
FUNDRAISING EFFORTS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302919349300405
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