Eversource Energy Foundation Inc
- Assets
- $933.8k
- Revenue
- $2.9k
- Investments
- $8.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 06-1527290
Organization Overview
Eversource Energy Foundation Inc is located in Hartford, CT. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eversource Energy 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 12/2021, Eversource Energy Foundation Inc generated $2.9k in total revenue. All expenses for the organization totaled $4.9m during the year ending 12/2021.
Since 2020, Eversource Energy Foundation Inc has awarded 866 individual grants totaling $12,722,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Nolan Jr Chairman Of The Board | 2 | $0 | |
O Kay Comendul Assistant Secretary | 2 | $0 | |
John M Moreira Treasurer | 2 | $0 | |
Gregory B Butler Director | 2 | $0 | |
Werner J Schweiger Director | 2 | $0 | |
Florence J Iacono Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,886 |
| Capital Gain Net Income | $1,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $898 |
| Total Revenue | $2,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,243 |
| Contributions, gifts, grants paid | $4,855,106 |
| Total expenses and disbursements | $4,894,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $933,774 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $933,782 |
| Accounts payable and accrued expenses | $59,865 |
| Grants payable | $489,609 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $549,474 |
Grants Awarded
Over the last fiscal year, Eversource Energy Foundation Inc has awarded $5,785,615 in support to 395 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL TRUST MASSACHUSETTS PURPOSE: SIGNATURE SPONSORSHIP FOR BOSTON CHILDREN WALK 202 | $700,000 |
EVERSOURCE FOUNDATION MATCHING GIFTS PURPOSE: SUPPORT FOR THE EVERSOURCE HARTFORD MARATHON | $490,928 |
MASSACHUSETTS GENERAL HOSPITAL CANCER CENTER PURPOSE: FIRST INSTALLMENT RENEWED COMMITMENT FOR THE MASS | $350,000 |
UNITED WAY OF MASS BAY AND MERRIMACK VALLEY (MA) PURPOSE: 2021 CORPORATE CONTRIBUTION FOR UNITED WAY PROGRAM | $300,000 |
HARTFORD MARATHON EXTENSION CONNECTICUT 2019 EXTENSION PURPOSE: SUPPORT FOR THE EVERSOURCE HARTFORD MARATHON | $287,109 |
HARTFORD MARATHON EXTENSION CONNECTICUT 2019 EXTENSION PURPOSE: SIGNATURE HARTFORD MARATHON SPONSORSHIP 2021 | $277,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |