Norwalk Community College Foundation

Organization Overview

Norwalk Community College Foundation is located in Norwalk, CT. The organization was established in 1966. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Norwalk Community College Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Community College Foundation 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, Norwalk Community College Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 2.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FUNDRAISING FOR SCHOLARSHIPS, PROGRAMS AND CAPITAL SUPPORT FOR NORWALK COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPORTS NORWALK COMMUNITY COLLEGE TO FURTHER THE DEVELOPMENT OF THE STUDENT BODY BY PROVIDING FUNDING FOR A VARIETY OF PROGRAMS AND INITIATIVES. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2022.


THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2021/2022 ACADEMIC YEAR, 422 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2022. SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT AS WELL AS IMPORTANT FINANCIAL SUPPORT. OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR NCC STUDENTS. THE FOUNDATION'S SCHOLARSHIP PROCESS IS COMPETITIVE AND ACADEMIC ACHIEVEMENT IS A PRIMARY CONSIDERATION. HOWEVER, FINANCIAL NEED, SPECIAL CIRCUMSTANCES AND PERSONAL QUALITIES ARE ALSO CONSIDERED IN AWARDING SCHOLARSHIPS. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY THE SCHOLARSHIP COMMITTEE, WHICH IS COMPRISED OF BOARD DIRECTORS, COMMUNITY MEMBERS, THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF PROGRAMS AND SCHOLARSHIPS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Carrie L Bernier
President & CEO
$188,742
Kris Yeager
CFO
$78,726
George A Reilly
Director/chair
$0
Jon Gold
Director/treasurer
$0
Laura Erickson
Director/secretary
$0
Amy Richman
Director (outgoing)
$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$3,540,286
Noncash contributions included in lines 1a–1f $120,368
Total Revenue from Contributions, Gifts, Grants & Similar$3,540,286
Total Program Service Revenue$0
Investment income $560,848
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,110,700
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,211,834

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Norwalk Community College Foundation has recieved totaling $65,000.

Awarding OrganizationAmount
The Richard And Barbara Whitcomb Foundation

Holyoke, MA

PURPOSE: GENERAL SUPPORT

$40,000
The Richard And Barbara Whitcomb Foundation

Holyoke, MA

PURPOSE: GENERAL SUPPORT

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$27,466,722
Earnings-$3,315,093
Net Contributions$119,461
Other Expense$1,400,446
Ending Balance$22,870,644

Create an account to unlock the data you need.

or