← COMMUNITY FOUNDATION FOR GREATER NEW HAVEN

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION FOR GREATER NEW HAVEN.

Totals

Total revenue: $73,644,314
Total expenses: $95,774,412
Contributions and grants received: $27,510,579
Grants paid: $79,237,145
Program service revenue: $0
Investment income: $46,133,735
Other revenue: $0
Total assets, end of year: $679,592,958
Total liabilities, end of year: $49,266,230
Net assets or fund balances, end of year: $630,326,728
Program services expenses (Part IX): $85,521,306
Management and general expenses: $7,441,773
Fundraising expenses: $2,811,333
Program service expenses (Part III): $85,521,306

Program services were 89.3% 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.

1e · Government grants (contributions)

$1,271,752
1f · All other contributions, gifts and grants

$26,238,827
1g · Noncash contributions included above

$4,315,071
3 · Investment income

total $12,508,522 · unrelated business $413,704 · excluded $12,094,818
7a · Gross sales of assets other than inventory

securities $240,244,021
7b · Less cost or other basis and sales expenses

securities $206,618,808
7c · Gain or loss

securities $33,625,213
7d · Net gain or loss

total $33,625,213 · unrelated business $1,146,318 · excluded $32,478,895

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $78,987,336 · program services $78,987,336
2 · Grants to domestic individuals

total $127,500 · program services $127,500
3 · Grants to foreign organizations and individuals

total $122,309 · program services $122,309
5 · Compensation of officers, directors and key employees

total $772,416 · program services $293,518 · management and general $347,588 · fundraising $131,310
7 · Other salaries and wages

total $3,773,708 · program services $1,434,009 · management and general $1,698,169 · fundraising $641,530
8 · Pension plan contributions

total $343,820 · program services $130,652 · management and general $154,719 · fundraising $58,449
9 · Other employee benefits

total $532,081 · program services $202,191 · management and general $239,436 · fundraising $90,454
10 · Payroll taxes

total $335,871 · program services $127,631 · management and general $151,142 · fundraising $57,098
11b · Fees: legal

total $48,579 · program services $18,460 · management and general $21,861 · fundraising $8,258
11c · Fees: accounting

total $63,005 · program services $23,942 · management and general $28,352 · fundraising $10,711
11f · Fees: investment management

total $7,717,144 · program services $2,932,515 · management and general $3,472,715 · fundraising $1,311,914
11g · Fees: other

total $90,944 · program services $34,559 · management and general $40,925 · fundraising $15,460
12 · Advertising and promotion

total $167,158 · program services $63,520 · management and general $75,221 · fundraising $28,417
16 · Occupancy

total $284,458 · program services $108,094 · management and general $128,006 · fundraising $48,358
17 · Travel

total $4,058 · program services $1,542 · management and general $1,826 · fundraising $690
19 · Conferences, conventions and meetings

total $108,430 · program services $41,203 · management and general $48,794 · fundraising $18,433
20 · Interest

total $1,459,971 · program services $554,789 · management and general $656,987 · fundraising $248,195
22 · Depreciation, depletion and amortization

total $60,100 · program services $22,838 · management and general $27,045 · fundraising $10,217
23 · Insurance

total $96,405 · program services $36,634 · management and general $43,382 · fundraising $16,389
24a · Other expenses: EQUIPMENT RENTAL AND MA

total $288,316 · program services $109,560 · management and general $129,742 · fundraising $49,014
24b · Other expenses: PRINTING AND PUBLICATIO

total $156,248 · program services $59,374 · management and general $70,312 · fundraising $26,562
24c · Other expenses: GENERAL

total $67,203 · program services $25,537 · management and general $30,242 · fundraising $11,424
24d · Other expenses: SUPPLIES

total $62,098 · program services $23,597 · management and general $27,944 · fundraising $10,557
24e · All other expenses

total $105,254 · program services $39,996 · management and general $47,365 · fundraising $17,893

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $18,865,157 · end of year $9,517,425
3 · Pledges and grants receivable

beginning of year $36,698,146 · end of year $1,757,826
7 · Other notes and loans receivable

beginning of year $39,182,280 · end of year $46,505,008
10a · Land, buildings and equipment: cost or other basis

$1,324,992
10b · Land, buildings and equipment: accumulated depreciation

$1,264,458
10c · Land, buildings and equipment, net

beginning of year $175,888 · end of year $60,534
11 · Investments: publicly traded securities

beginning of year $489,168,900 · end of year $404,111,412
12 · Investments: other securities

beginning of year $246,240,218 · end of year $213,983,455
13 · Investments: program-related

beginning of year $4,345,851 · end of year $3,608,179
15 · Other assets

beginning of year $426,381 · end of year $49,119
17 · Accounts payable and accrued expenses

beginning of year $714,471 · end of year $1,172,104
18 · Grants payable

beginning of year $708,921 · end of year $794,506
23 · Secured mortgages and notes payable

beginning of year $36,296,220 · end of year $47,036,051
25 · Other liabilities

beginning of year $301,433 · end of year $263,569
27 · Net assets without donor restrictions

beginning of year $795,188,372 · end of year $628,903,714
28 · Net assets with donor restrictions

beginning of year $1,893,404 · end of year $1,423,014

Mission and programs · 2022

Mission

THE MISSION OF THE COMMUNITY FOUNDATION IS TO CREATE POSITIVE AND SUSTAINABLE CHANGE IN GREATER NEW HAVEN BY INCREASING THE AMOUNT AND ENHANCING THE IMPACT OF COMMUNITY PHILATHROPY.

Activities or mission (Part I)

THE MISSION OF THE COMMUNITY FOUNDATION IS TO CREATE POSITIVE AND SUSTAINABLE CHANGE IN CONNECTICUT'S GREATER NEW HAVEN REGION BY INCREASING THE AMOUNT OF AND ENHANCING THE IMPACT OF COMMUNITY PHILANTHROPY.

CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY.

Expenses $56,444,062 · Grants $52,296,516
ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE.

Expenses $10,262,557 · Grants $9,508,457
HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS.

Expenses $5,131,278 · Grants $4,754,229
EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION. EXPENSES $5,986,491 INCLUDING GRANTS OF $5,546,600. ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS. EXPENSES $2,565,639 INCLUDING GRANTS OF $2,377,114.YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.

Expenses $13,683,409 · Grants $12,677,943

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

Listed in Part VII

William W GinsbergWILLIAM W GINSBERG

PRESIDENT & CEO

Total calculated

$546,603

From this org

$464,616

From related orgs

$0

Other

$81,987

Hours/week

40

Schedule J breakdown matched by us

Base

$464,616

Bonus

$0

Other

$0

Deferred

$37,169

Nontaxable benefits

$44,818

Filer's total

$546,603
Andrew F AldenANDREW F ALDEN

SR. VP FOR INVESTMENTS

Total calculated

$419,624

From this org

$366,693

From related orgs

$0

Other

$52,931

Hours/week

40

Schedule J breakdown matched by us

Base

$366,693

Bonus

$0

Other

$0

Deferred

$29,335

Nontaxable benefits

$23,596

Filer's total

$419,624
Angela PowersANGELA POWERS

SR. VP FOR OPERATIONS

Total calculated

$375,147

From this org

$331,651

From related orgs

$0

Other

$43,496

Hours/week

37.5

Schedule J breakdown matched by us

Base

$331,651

Bonus

$0

Other

$0

Deferred

$26,532

Nontaxable benefits

$16,964

Filer's total

$375,147
Dorothy Weston-MurphyDOROTHY WESTON-MURPHY

SR. VP FOR DEVELOPMENT

Total calculated

$270,313

From this org

$243,055

From related orgs

$0

Other

$27,258

Hours/week

37.5

Schedule J breakdown matched by us

Base

$243,055

Bonus

$0

Other

$0

Deferred

$19,444

Nontaxable benefits

$7,814

Filer's total

$270,313
Christina CiociolaCHRISTINA CIOCIOLA

SR. VP FOR GRANTMAKING

Total calculated

$269,441

From this org

$247,616

From related orgs

$0

Other

$21,825

Hours/week

37.5

Schedule J breakdown matched by us

Base

$247,616

Bonus

$0

Other

$0

Deferred

$19,809

Nontaxable benefits

$2,016

Filer's total

$269,441
Leon BaileyLEON BAILEY

SR. VP ORGANIZATIONAL EFFE

Total calculated

$268,021

From this org

$240,830

From related orgs

$0

Other

$27,191

Hours/week

37.5

Schedule J breakdown matched by us

Base

$240,830

Bonus

$0

Other

$0

Deferred

$19,266

Nontaxable benefits

$7,925

Filer's total

$268,021
Wendy GambaWENDY GAMBA

CHIEF FINANCIAL OFFICER

Total calculated

$225,813

From this org

$194,030

From related orgs

$0

Other

$31,783

Hours/week

37.5

Schedule J breakdown matched by us

Base

$194,030

Bonus

$0

Other

$0

Deferred

$15,522

Nontaxable benefits

$16,261

Filer's total

$225,813
Nick Norcott JrNICK NORCOTT JR

CHAIR

Total calculated

$0

Hours/week

1
Marcella Nunez-SmithMARCELLA NUNEZ-SMITH

VICE CHAIR

Total calculated

$0

Hours/week

1
Keith ChurchwellKEITH CHURCHWELL

DIRECTOR

Total calculated

$0

Hours/week

1
Maysa AbkarMAYSA ABKAR

DIRECTOR

Total calculated

$0

Hours/week

1
Roxanne CoadyROXANNE COADY

DIRECTOR

Total calculated

$0

Hours/week

1
Joe GordonJOE GORDON

DIRECTOR

Total calculated

$0

Hours/week

1
Heather Tookes AlexopoulosHEATHER TOOKES ALEXOPOULOS

DIRECTOR

Total calculated

$0

Hours/week

1
Terry JonesTERRY JONES

DIRECTOR

Total calculated

$0

Hours/week

1
Fernando J MunizFERNANDO J MUNIZ

DIRECTOR

Total calculated

$0

Hours/week

1
Greg PepeGREG PEPE

DIRECTOR

Total calculated

$0

Hours/week

1
Valarie Shultz WilsonVALARIE SHULTZ WILSON

DIRECTOR

Total calculated

$0

Hours/week

1
Bank Of America Merrill LynchBANK OF AMERICA MERRILL LYNCH

TRUSTEE COMMITTEE

Total calculated

$0

Hours/week

1
Keybank National AssociationKEYBANK NATIONAL ASSOCIATION

TRUSTEE COMMITTEE

Total calculated

$0

Hours/week

1
Wells Fargo Bank NaWELLS FARGO BANK NA

TRUSTEE COMMITTEE

Total calculated

$0

Hours/week

1

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 · Independent compensation consultant
3 · Form 990 of other organizations
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

NORTHWEST CONNECTICUT COMMUNITY FOUNDATION INC

$43,679,879

GENERAL OPERATING SUPPORT
LONG WHARF THEATRE

$4,247,898

2022 BURRY FREDRIK FOUNDATION GRANT, SEEDLINGS FUND FOR THE LONG WHARF THEATRE ENDOWMENT
JOHN B PIERCE FOUNDATION

$1,796,000

GENERAL OPERATING SUPPORT
NEW HAVEN MUSEUM AND HISTORICAL SOCIETY

$1,575,126

GENERAL OPERATING SUPPORT
NEW HAVEN SYMPHONY ORCHESTRA

$1,229,505

GENERAL OPERATING SUPPORT
NEWALLIANCE FOUNDATION

$919,619

GENERAL OPERATING SUPPORT
ULYSSES S GRANT FOUNDATION

$847,073

GENERAL OPERATING SUPPORT
UNIVERSAL HEALTH CARE FOUNDATION OF CONNECTICUT

$685,395

GENERAL OPERATING SUPPORT
THE WILLIAM PENN CHARTER SCHOOL

$500,000

TO SUPPORT THE LOWER SCHOOL LIBRARY BUILDING
NEIGHBORHOOD MUSIC SCHOOL INC

$408,654

SCHOLARSHIPS, GENERAL PURPOSES

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

THE COMMUNITY FOUNDATION MISSION INVESTMENTS COMPANY LLC

TO CARRY-OUT THE MISSION INVESTMENT ACTIVITIES OF THE COMMUNITY FOUNDATION · CT · income -$15,455,726 · assets $118,003,671

Directly controlled by COMMUNITY FOUNDATION FOR GREATER NEW HAVEN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CHARITABLE REMAINDER TRUSTS (3)

T · SPLIT INTEREST AGREEMENTS · CT
POOLED INCOME FUNDS (7)

T · SPLIT INTEREST AGREEMENTS · CT

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 November 2023
IRS schema version: 2022v5.0
Source object: 202333199349326213

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

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