Ben Bronz Foundation Inc
- Assets
- $2.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 56
- Location
- West Hartford, CT
- Founding
- 06/1987
- Data as of
- 06/2024
- EIN
- 06-1185278
Organization Overview
Ben Bronz Foundation Inc is located in West Hartford, CT. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Ben Bronz Foundation Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Bronz Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Ben Bronz Foundation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $4.7m during the year ending 06/2024. While expenses have increased by 15.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SERVE STUDENTS WITH LEARNING DISABILITIES, ENDEAVORING TO IDENTIFY AND CORRECT THIER FUNCTIONAL WEAKNESS AND TO DEVELOP STRONG, SPONTANEOUS THINKING HABITS THAT BUILD SELF-CONFIDENCE AND FOSTER GREATER CURIOSITY FOR LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE STUDENTS WITH LEARNING DISABILITIES, ENDEAVORING TO IDENTIFY AND CORRECT THEIR FUNCTIONAL WEAKNESS AND TO DEVELOP STRONG, SPONTANEOUS THINKING HABITS THAT BUILD SELF-CONFIDENCE AND FOSTER GREATER CURIOSITY FOR LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Lanza Ceo/executiv | Officer | 40 | $185,700 |
Cynthia Fries Asst. Educat | 40 | $132,650 | |
Christina Lamphere Education Di | 40 | $132,800 | |
Jason Devin Chief Operat | Officer | 40 | $112,800 |
Ian Spence Director | Trustee | $0 | |
Anton Alerte Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,543 |
| Total Program Service Revenue | $4,151,960 |
| Investment income | $67,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,329,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,500 |
| Compensation of current officers, directors, key employees. | $278,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,659,361 |
| Pension plan accruals and contributions | $88,371 |
| Other employee benefits | $442,479 |
| Payroll taxes | $238,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,415 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,611 |
| Advertising and promotion | $17,232 |
| Office expenses | $52,037 |
| Information technology | $51,866 |
| Royalties | $0 |
| Occupancy | $273,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,561 |
| Insurance | $32,985 |
| All other expenses | $136,143 |
| Total functional expenses | $4,657,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,995 |
| Savings and temporary cash investments | $1,425,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,171 |
| Net Land, buildings, and equipment | $519,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $462,954 |
| Total assets | $2,887,276 |
| Accounts payable and accrued expenses | $45,136 |
| Grants payable | $0 |
| Deferred revenue | $10,800 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $527,954 |
| Total liabilities | $583,890 |
| Net assets without donor restrictions | $2,257,445 |
| Net assets with donor restrictions | $45,941 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,887,276 |