Ccsu Foundation Inc
- Assets
- $90.3m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 5
- Location
- New Britain, CT
- Founding
- 02/1974
- Data as of
- 06/2022
- EIN
- 23-7354328
Organization Overview
Ccsu Foundation Inc is located in New Britain, CT. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Ccsu Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ccsu 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, Ccsu Foundation Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 6.4% 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, Ccsu Foundation Inc has awarded 18 individual grants totaling $5,635,339. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLEMENTING EDUCATION AT CENTRAL CONNECTICUT STATE UNIVERSITY (CCSU)
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR.
AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Johnson Outgoing Finance Director | Officer | 40 | $147,706 |
Brendan Conry Treasurer | OfficerTrustee | 2 | $0 |
Richard Donovan Vice Chair | OfficerTrustee | 2 | $0 |
Ululy Martinez Chair | OfficerTrustee | 0.5 | $0 |
Waldermar Kostrzewa Past Chair | OfficerTrustee | 2 | $0 |
George Claffey Executive Director/interim VP Ia | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,041 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,451,176 |
| Noncash contributions included in lines 1a–1f | $92,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,506,217 |
| Total Program Service Revenue | $135,450 |
| Investment income | $8,057,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,166 |
| Net Income from Fundraising Events | $5,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,725,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,131,234 |
| Grants and other assistance to domestic individuals. | $2,814,255 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,249 |
| Compensation of current officers, directors, key employees. | $60,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124,235 |
| Fees for services: Accounting | $112,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $477,354 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,827 |
| Office expenses | $43,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,909 |
| 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 | $4,164 |
| All other expenses | $0 |
| Total functional expenses | $5,451,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,572,157 |
| Savings and temporary cash investments | $868 |
| Pledges and grants receivable | $501,880 |
| 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 | $56,165 |
| Net Land, buildings, and equipment | $183,876 |
| Investments—publicly traded securities | $86,160,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $781,320 |
| Total assets | $90,256,311 |
| Accounts payable and accrued expenses | $614,207 |
| 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 | $90,345 |
| Total liabilities | $704,552 |
| Net assets without donor restrictions | $2,405,617 |
| Net assets with donor restrictions | $87,146,142 |
| 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 | $90,256,311 |
Grants Awarded
Over the last fiscal year, Ccsu Foundation Inc has awarded $1,131,234 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CT STATE UNIVERSITY PURPOSE: SUPPORT CCSU PROGRAMS | $1,120,834 |
New York, NY PURPOSE: PARTICIPATION IN EVENT | $10,400 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Ccsu Foundation Inc has recieved totaling $81,769.
| Awarding Organization | Amount |
|---|---|
Wheeler Clinic Inc Plainville, CT PURPOSE: $30,464.04 THE SOR MINI-GRANT IS USED FOR CAMPUS OPIOID AND STIMULANT EDUCATION AND AWARENESS PROGRAMS. $10,000 YOUTH RECOVERY MINI GRANT IS TO START A SMART RECOVERY MEETING FOR TEENS OR YOUNG ADULTS WHO USE SUBSTANCES, AN ALTERNATIVE PEER GROUP SOBER SOCIAL EVENTS AND ACTIVITIES FOR THE SAME AGE GROUP, AND A SMART FAMILY & FRIENDS MEETING FOR CAREGIVERS OR OTHER SUPPORTS. FUNDS CAN BE USED FOR ANY COSTS RELATED TO SUCCESSFULLY STARTING THE MEETINGS/GROUPS INCLUDING TRAINING, MATERIALS, STAFF, SPACE, FOOD, ACTIVITIES, INCENTIVES, OR OTHER CREATIVE IDEAS." | $40,464 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,364 |
Tua Gertrude S Bridge Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,425 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: ARTS AND CULTURE | $10,000 |
Zukowski Family Foundation Inc Palm Coast, FL PURPOSE: EDUCATIONAL | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $89,058,029 |
| Earnings | -$7,821,855 |
| Net Contributions | $3,655,989 |
| Other Expense | $18,147 |
| Grants | $2,814,255 |
| Ending Balance | $82,059,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
Brown Dermatology Inc Providence, RI | $7,129,470 | $16,553,293 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
American Friends Of University College Oxford Inc Glastonbury, CT | $206,820 | $11,471,477 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Holy Apostles College & Seminary Cromwell, CT | $16,975,165 | $9,078,766 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Ccsu Foundation Inc New Britain, CT | $90,256,311 | $11,725,462 |