Guilford Foundation Inc
- Assets
- $6.2m
- Revenue
- $1.2m
- Investments
- $5.8m
- Employees
- 2
- Location
- Guilford, CT
- Founding
- 11/1975
- Data as of
- 01/2022
- EIN
- 51-0137132
Organization Overview
Guilford Foundation Inc is located in Guilford, CT. The organization was established in 1975. 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 01/2022, Guilford Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guilford 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 01/2022, Guilford Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $456.8k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Guilford Foundation Inc has awarded 38 individual grants totaling $442,640. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT THE QUALITY OF LIFE IN GUILFORD, INCLUDING BASIC NEEDS, ARTS & CULTURE, THE ENVIRONMENT, YOUTH, SENIORS, AND HUMAN SERVICES.
GRANTS / SCHOLARSHIPS / PRIZES TO SUPPORT GUILFORD STUDENTS WHO ARE PURSUING POST-SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Petra Executive Director | Officer | 40 | $93,650 |
Deirdre Jacob Secretary | OfficerTrustee | 3 | $0 |
Linda Weber Vice Chair | OfficerTrustee | 5 | $0 |
Peter Barrett Chair | OfficerTrustee | 5 | $0 |
John Hyman Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey Rice Director | Trustee | 1 | $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 | $924,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $924,457 |
| Total Program Service Revenue | $0 |
| Investment income | $261,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $241,496 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,111 |
| Compensation of current officers, directors, key employees. | $17,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,244 |
| Fees for services: Other | $6,428 |
| Advertising and promotion | $2,862 |
| Office expenses | $13,291 |
| Information technology | $1,583 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55 |
| 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 | $70 |
| Insurance | $4,147 |
| All other expenses | $12,080 |
| Total functional expenses | $456,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,405 |
| Savings and temporary cash investments | $3,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,096 |
| 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 |
| Net Land, buildings, and equipment | $37 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,772,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,160,865 |
| Accounts payable and accrued expenses | $25,970 |
| 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 | $0 |
| Total liabilities | $25,970 |
| Net assets without donor restrictions | $6,133,448 |
| Net assets with donor restrictions | $1,447 |
| 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 | $6,160,865 |
Grants Awarded
Over the last fiscal year, Guilford Foundation Inc has awarded $132,358 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GUILFORD HIGH SCHOOL PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $31,658 |
Guilford, CT PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION. | $27,900 |
Guilford, CT PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $19,200 |
Guilford, CT PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION. | $11,000 |
Guilford, CT PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION. | $9,200 |
Guilford, CT PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $8,100 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Guilford Foundation Inc has recieved totaling $46,023.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,000 |
Uncas Foundation Inc Guilford, CT PURPOSE: TO ENRICH THE QUALITY OF LIFE IN THE TOWN OF GUILFORD. | $11,000 |
The Eder Family Foundation Inc West Haven, CT PURPOSE: UNRESTRICTED | $11,000 |
Joe And Cindy Goldberg Family Foundation Inc Guilford, CT PURPOSE: SUPPORT YOUTH ADVISORY GROUP PROGRAMS | $5,500 |
Mfund Inc Guilford, CT PURPOSE: GENERAL SUPPORT | $2,000 |
Joe And Cindy Goldberg Family Foundation Inc Guilford, CT PURPOSE: ENABLING DONORS TO CONTRIBUTE TO THE PROJECTS AND EFFORTS IN OUR COMMUNITY THAT THEY CARE ABOUT THE MOST. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |