Ceo Foundation Of Connecticut
- Assets
- $12.0m
- Revenue
- $684.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Litchfield, CT
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 06-1494714
Organization Overview
Ceo Foundation Of Connecticut is located in Litchfield, CT. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ceo Foundation Of Connecticut 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 06/2022, Ceo Foundation Of Connecticut generated $684.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CEO FD CT, INC. PROVIDES TUITION ASSISTANCE TO ENABLE LOW INCOME, INNER CITY ELEMENTARY SCHOOL AGE STUDENTS TO ATTEND A PRIVATE SCHOOL OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO ENABLE LOW INCOME CHILDREN LIVING IN HARTFORD, BRIDGEPORT, OR NEW HAVEN TO ATTEND A PRIVATE SCHOOL OF THEIR CHOICE SUBJECT TO GUIDELINES AND ELIGIBILITY REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolanne Marquis Executive Director | Officer | 40 | $120,709 |
Lewis Andrews President & Chair | Trustee | 1 | $0 |
James Alber Treasurer | Trustee | 1 | $0 |
David G Bohn Vice Chair | Trustee | 1 | $0 |
Kenneth Boudreau Member | Trustee | 1 | $0 |
Brian Boyd Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,220 |
| Total Program Service Revenue | $0 |
| Investment income | $408,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $684,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $757,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,226 |
| Compensation of current officers, directors, key employees. | $30,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,808 |
| Payroll taxes | $9,490 |
| Fees for services: Management | $7,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,246 |
| Fees for services: Other | $1,986 |
| Advertising and promotion | $0 |
| Office expenses | $44,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $865 |
| Insurance | $1,824 |
| All other expenses | $0 |
| Total functional expenses | $1,023,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,991 |
| Savings and temporary cash investments | $178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $734 |
| Investments—publicly traded securities | $11,756,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,004,891 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,685,278 |
| Net assets with donor restrictions | $3,319,613 |
| 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 | $12,004,891 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ceo Foundation Of Connecticut has recieved totaling $97,500.
| Awarding Organization | Amount |
|---|---|
Goergen Foundation Inc North Palm Beach, FL PURPOSE: SUPPORT OF ORGANIZATION | $60,000 |
The Childrens Scholarship Fund New York, NY PURPOSE: To provide partial scholarship awards to children from low-income families | $37,500 |
Endowment Analysis
| Beg. Balance | $14,371,245 |
| Earnings | -$1,681,630 |
| Net Contributions | $278,220 |
| Other Expense | $205,904 |
| Grants | $757,040 |
| Ending Balance | $12,004,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |