Community Foundation Of Greater New Britain Inc

Organization Overview

Community Foundation Of Greater New Britain Inc is located in New Britain, CT. The organization was established in 1943. 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. As of 12/2021, Community Foundation Of Greater New Britain Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater New Britain 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, Community Foundation Of Greater New Britain Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Community Foundation Of Greater New Britain Inc has awarded 295 individual grants totaling $6,707,800. 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

INSPIRE PHILANTHROPY, MANAGE PERMANENT CHARITABLE ASSETS, AND ADDRESS KEY COMMUNITY ISSUES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S HEALTH & HUMAN SERVICE AND COMMUNITY & ECONOMIC DEVELOPMENT AREAS OF INTEREST.


FIRST YEARS FIRST EARLY CHILDHOOD DEVELOPMENT INITIATIVE GRANTS, COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S EDUCATION AREA OF INTEREST, AND SCHOLARSHIP AWARDS.


COMMUNITY RESPONSE GRANTS WHICH SUPPORT PROGRAMS AND ORGANIZATIONS SERVING POPULATIONS IN THE FOUNDATION'S ARTS, CULTURE & HERITAGE AREA OF INTEREST.


PUBLIC, SOCIETY BENEFIT PROGRAMS:FOUNDATION PROGRAM EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
David Obedzinski
President And Secretary
$165,357
Robert Trojanowski
VP And CFO
$121,523
Adam Salina
Vice Chair
$0
Arthur Schaller
Board Chair
$0
John Cookley
Treasurer
$0
Zachary Alexander
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $102,298
All other contributions, gifts, grants, and similar amounts not included above$1,091,108
Noncash contributions included in lines 1a–1f $7,461
Total Revenue from Contributions, Gifts, Grants & Similar$1,193,406
Total Program Service Revenue$0
Investment income $1,853,099
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $30,588
Net Gain/Loss on Asset Sales $3,093,010
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,176,335

Grants Awarded

Over the last fiscal year, Community Foundation Of Greater New Britain Inc has awarded $1,096,144 in support to 48 organizations.

Grant RecipientAmount

COMMUNITY CHEST OF NEW BRITAIN AND BERLIN INC

Org PageRecipient Profile

New Britain, CT

PURPOSE: TO PROVIDE 2021 DESIGNATED GRANT

$261,470

HOSPITAL OF CENTRAL CONNECTICUT

Org PageRecipient Profile

New Britain, CT

PURPOSE: TO SUPPORT MEDICAL RESEARCH RELATING TO INPATIENT CARE AND TO DIRECTLY BENEFIT INPATIENT IN OTHER WAYS

$70,470

NEW BRITAIN MUSEUM OF AMERICAN ART

Org PageRecipient Profile

New Britain, CT

PURPOSE: TO SUPPORT VARIOUS PROGRAMS

$66,311

CONSOLIDATED SCHOOL DISTRICT OF NEW BRITAIN

PURPOSE: TO PROVIDE SUPPORT FOR SUMMER LEARNING EXPERIENCES

$40,000

NEW BRITAIN ROOTS

Org PageRecipient Profile

New Britain, CT

PURPOSE: TO PROVIDE SUPPORT FOR COMMUNITY SEEDS LIBRARY AND OPERATING SUPPORT

$36,600

SOUTHINGTON PUBLIC SCHOOLS

PURPOSE: TO PROVIDE SUPPORT FOR SOUTHINGTON FAMILY RESOURCE CENTER

$35,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Community Foundation Of Greater New Britain Inc has recieved totaling $5,250.

Awarding OrganizationAmount
Farmington Bank Community Foundation Inc

Hartford, CT

PURPOSE: CAPACITY BUILDING WORKSHOPS

$5,000
Farmington Bank Community Foundation Inc

Hartford, CT

PURPOSE: BOARD/EMPLOYEE MATCH

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$53,716,608
Earnings$6,072,918
Net Contributions$1,091,108
Grants$1,302,917
Ending Balance$59,577,717

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