Tunxis Community College Foundation Inc
- Assets
- $1.7m
- Revenue
- $182.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, CT
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 23-7099816
Organization Overview
Tunxis Community College Foundation Inc is located in Farmington, CT. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tunxis Community College 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 06/2021, Tunxis Community College Foundation Inc generated $182.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $161.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT TUNXIS COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith J Bernier Vice Preside | OfficerTrustee | 2 | $0 |
Cindy Bombard President | OfficerTrustee | 5 | $0 |
Gene Prentiss Secretary | OfficerTrustee | 2 | $0 |
Salvatore V Vitano Past Preside | OfficerTrustee | 1 | $0 |
Ty White Treasurer | OfficerTrustee | 5 | $0 |
Cara Pavalick -D'amato Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,258 |
| Investment income | $23,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,748 |
| Net Income from Fundraising Events | $35,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $66,596 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,975 |
| Fees for services: Other | $41,405 |
| Advertising and promotion | $1,586 |
| Office expenses | $1,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $580 |
| All other expenses | $0 |
| Total functional expenses | $161,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,805 |
| Savings and temporary cash investments | $190,122 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,238,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,667,876 |
| Accounts payable and accrued expenses | $45,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $146,767 |
| Total liabilities | $192,569 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,475,307 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tunxis Community College Foundation Inc has recieved totaling $63,519.
| Awarding Organization | Amount |
|---|---|
Main Street Community Foundation Bristol, CT PURPOSE: GENERAL SUPPORT | $38,500 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: SCHOLARSHIPS | $15,000 |
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: LAUNCH YOUR LEADERSHIP JOURNEY | $5,000 |
Thomston Savings Bank Foundation Inc Thomaston, CT PURPOSE: TO ASSIST IN FUNDING THE LAUNCH YOUR LEADERSHIP PROGRAM. | $2,500 |
Thomston Savings Bank Foundation Inc Thomaston, CT PURPOSE: TO BENEFIT STUDENT SCHOLARSHIPS AT TUNXIS COMMUNITY COLLEGE. | $1,500 |
Thomston Savings Bank Foundation Inc Thomaston, CT PURPOSE: PROCEEDS TO BENEFIT STUDENT SCHOLARSHIPS AND PROGRAMS AT TUNXIS COMMUNITY COLLEGE. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
Advanced Functional Fabrics Of America Inc Cambridge, MA | $14,465,650 | $24,588,104 |