Northwest Connecticut Community Foundation Inc

Organization Overview

Northwest Connecticut Community Foundation Inc is located in Torrington, CT. The organization was established in 2000. 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. Northwest Connecticut Community 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, Northwest Connecticut Community Foundation Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 6.2% 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.

Since 2015, Northwest Connecticut Community Foundation Inc has awarded 435 individual grants totaling $22,849,324. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH THE QUALITY OF LIFE FOR RESIDENTS OF NORTHWEST CONNECTICUT BY INSPIRING LOCAL PHILANTHROPY, CONVENING STAKEHOLDERS IN COMMUNITY WELFARE, STRENGTHENING THE REGIONAL NONPROFITS NETWORK AND FOSTERING COLLABORATIVE FUNDING PARTNERSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME AND APPRECIATION FROM INVESTMENTS, BASED ON A TOTAL RETURN APPROACH, IS DISTRIBUTED IN THE FORM OF GRANTS AND SCHOLARSHIPS ANNUALLY TO QUALIFIED PUBLIC CHARITIES AND STUDENTS AS CHOSEN BY THE FOUNDATION'S BOARD OF DIRECTORS. IN 2021, GRANTS IN THE AMOUNT OF $4,126,019 WERE AWARDED AND FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS WAS PROVIDED IN THE AMOUNT OF $210,525.


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Board, Officers & Key Employees

Name (title)Compensation
Anne Sutherland Fuchs
Chairman
$0
Don Mayland
Treasurer
$0
Adrian Selby
1st Vice Chair
$0
F Robert Petricone
2nd Vice Chair
$0
Jim Blackketter
Secretary
$0
Guy Rovezzi
President
$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$4,797,235
Noncash contributions included in lines 1a–1f $2,307,807
Total Revenue from Contributions, Gifts, Grants & Similar$4,797,235
Total Program Service Revenue$0
Investment income $2,980,572
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,943,563
Net Income from Fundraising Events $790
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,989,668

Grants Awarded

Over the last fiscal year, Northwest Connecticut Community Foundation Inc has awarded $3,553,482 in support to 86 organizations.

Grant RecipientAmount

UNIVERSITY OF CT FOUNDATION

Org PageRecipient Profile

Storrs, CT

PURPOSE: General Support and Scholarships

$233,600

CHARLOTTE HUNGERFORD HOSPITAL

Org PageRecipient Profile

Torrington, CT

PURPOSE: Support Bilingual Comm. Hlth Assoc

$221,600

LITTLE GUILD OF ST FRANCIS

Org PageRecipient Profile

West Cornwall, CT

PURPOSE: General Support

$210,395

Torrington, CT

PURPOSE: General Support

$176,250

NW CONNECTICUT YMCA

Org PageRecipient Profile

Torrington, CT

PURPOSE: General and Program Support

$162,549

LAST POST CAT REFUGE VIL

Org PageRecipient Profile

Falls Village, CT

PURPOSE: General Support

$140,800
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Northwest Connecticut Community Foundation Inc has recieved totaling $450,939.

Awarding OrganizationAmount
Melva Bucksbaum Family Foundation

Chicago, IL

PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES

$250,000
Connecticut Community Foundation Inc

Waterbury, CT

PURPOSE: SUE STRISIK GROSSMAN FUND BALANCE TRANSFER

$86,954
The Northwest Connecticut Community Foundation Trust

Torrington, CT

PURPOSE: General operating support

$60,134
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$26,400
Organization Name not Listed

PURPOSE: ENDOWMENT FUND FOR IMPROVING THE WELFARE OF THE GREATER NORTHWEST CONNECTICUT COMMUNITY IN SERVING CHARITABLE, SCIENTIFIC OR EDUCATIONAL PURPOSES FOR THE BETTERMENT OF THE GREATER NEW ENGLAND REGION

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$20,000
Mullins Family Foundation

Nashville, TN

PURPOSE: UNRESTRICTED GIFT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$117,672,254
Earnings$12,861,991
Admin Expense$893,774
Net Contributions$4,899,389
Grants$4,659,290
Ending Balance$129,880,570

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