Ecsu Foundation Inc
- Assets
- $21.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Willimantic, CT
- Founding
- 11/1972
- Data as of
- 06/2022
- EIN
- 23-7111053
Organization Overview
Ecsu Foundation Inc is located in Willimantic, CT. The organization was established in 1972. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Ecsu 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 06/2022, Ecsu Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ALL FORMS OF EDUCATION, RESEARCH, SCHOLARSHIPS AND SPECIAL PROGRAMS AT EASTERN CONNECTICUT STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, ENCOURAGEMENT AND ASSISTANCE OF ALL FORMS OF EDUCATION, RESEARCH AND ATHLETICS AS IT RELATES TO EASTERN CONNECTICUT STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Murphy President | OfficerTrustee | 1.5 | $0 |
Kathleen M Regan-Pyne Vice President | OfficerTrustee | 1.5 | $0 |
Anne Iezzi Treasurer | OfficerTrustee | 1.5 | $0 |
Dr Steve Watts Jr Secretary | OfficerTrustee | 1.5 | $0 |
Tracey Boyden Director | Trustee | 1 | $0 |
Jeffrey N Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,340 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,596,697 |
| Noncash contributions included in lines 1a–1f | $37,087 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,624,037 |
| Total Program Service Revenue | $0 |
| Investment income | $365,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,673 |
| Net Gain/Loss on Asset Sales | $526,997 |
| Net Income from Fundraising Events | $70,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,583,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,407,552 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $559 |
| Payroll taxes | $6,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,731 |
| Fees for services: Investment Management | $99,035 |
| Fees for services: Other | $14,100 |
| Advertising and promotion | $1,434 |
| Office expenses | $27,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,616 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,880 |
| Insurance | $9,195 |
| All other expenses | $11,112 |
| Total functional expenses | $1,969,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,556 |
| Savings and temporary cash investments | $140,024 |
| Pledges and grants receivable | $72,169 |
| Accounts receivable, net | $1,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,384 |
| Prepaid expenses and deferred charges | $3,106 |
| Net Land, buildings, and equipment | $1,809,805 |
| Investments—publicly traded securities | $17,070,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,839,425 |
| Total assets | $21,101,250 |
| Accounts payable and accrued expenses | $430,476 |
| Grants payable | $0 |
| Deferred revenue | $12,365 |
| 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 | $0 |
| Total liabilities | $442,841 |
| Net assets without donor restrictions | $657,583 |
| Net assets with donor restrictions | $20,000,826 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,101,250 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Ecsu Foundation Inc has recieved totaling $242,402.
| Awarding Organization | Amount |
|---|---|
Hartford Foundation For Public Giving Hartford, CT PURPOSE: SCHOLARSHIPS | $73,319 |
Herbert And Nell Singer Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Yhb Charitable Endowment Inc West Hartford, CT PURPOSE: GENERAL SUPPORT | $40,004 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: SCHOLARSHIPS | $40,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $18,491 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,558 |
Endowment Analysis
| Beg. Balance | $18,927,957 |
| Earnings | -$1,870,891 |
| Net Contributions | $677,490 |
| Other Expense | $1,225,156 |
| Ending Balance | $16,509,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |