Eastern Ct Savings Bank Foundation Inc
- Assets
- $177.0k
- Revenue
- $514.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwich, CT
- Founding
- 04/1999
- Data as of
- 09/2022
- EIN
- 06-1539443
Organization Overview
Eastern Ct Savings Bank Foundation Inc is located in Norwich, CT. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community 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. Eastern CT Savings Bank 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 09/2022, Eastern CT Savings Bank Foundation Inc generated $514.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $14.9k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Shea MD Director | 0 | $0 | |
Lisa Griffin President & CEO | 0 | $0 | |
Judy Jackson Director | 0 | $0 | |
William Sweeney Director | 0 | $0 | |
Andre Messier Jr Chairman | 0 | $0 | |
Charles A Seeman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $514 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23 |
| Contributions, gifts, grants paid | $14,852 |
| Total expenses and disbursements | $14,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,031 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,031 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $750 |
| 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 | $750 |
Grants Awarded
Over the last fiscal year, Eastern Ct Savings Bank Foundation Inc has awarded $14,852 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Norwich, CT PURPOSE: TO FUND THE FAMILY SUPPORT CENTER PROGRAM WHICH PROVIDESBASIC NEEDS, PARENTING EDUCATION, CHILD DEVELOPMENTRESOURCES, AND PEER SUPPORT. | $1,500 |
THE ARC EASTERN CT PURPOSE: TO HELP FUND THE DAY SERVICES PROGRAM AT THE SACHEM STREETFACILITY IN NORWICH. THE PROGRAM PROVIDES IDD CLIENTS WITHACTIVITY PROJECTS THAT HELP DEVELOP MENTAL AND PHYSICAL HEALTH | $1,252 |
ST MARY FOOD PANTRY PURPOSE: TO PURCHASE FOOD FOR THE PANTRY PROGRAM TO HELP FAMILIESNEEDING FOOD ASSISTANCE | $1,000 |
Bozrah, CT PURPOSE: TO HELP FUND THE ROTARY COAT FUND WHICH PROVIDES WINTERCOATS TO CHILDREN FROM LOW INCOME FAMILIES IN THE NORWICHAREA. | $1,000 |
Hartford, CT PURPOSE: TO SUPPORT EMERGENCY ENERGY ASSISTANCE TO FAMILIES INNORWICH | $1,000 |
THAMES RIVER COMMUNITY SERVICE INC PURPOSE: TO HELP REPLENISH THE EMERGENCY CLIENT ASSISTANCE FUND WHICHWILL ASSIST LOWINCOME FAMILIES IN FINANCIAL CRISES. ANESTIMATED 70 FAMILIES (175 INDIVIDUALS) ARE EXPECTED TO UTILIZETHE EMERGENCY FUND IN 2022 | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |
Chautauqua Region Community Foundation Inc Jamestown, NY | $142,153,687 | $14,207,759 |
Gurwin Jewish Geriatric Foundation Inc Commack, NY | $34,213,292 | $8,779,921 |