Norwalk Acts Inc
- Assets
- $998.5k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Norwalk, CT
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 82-5334443
Organization Overview
Norwalk Acts Inc is located in Norwalk, CT. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Norwalk Acts Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Acts 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, Norwalk Acts Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 33.6% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECTIVELY TRANSFORM SYSTEMS BY ENSURING RESOURCES, POLICIES, PRACTICES, AND POWER STRUCTURES ACTIVELY DISMANTLE RACISM AND DRIVE EQUITABLE OUTCOMES FOR EVERY NORWALK CHILD AND YOUNG PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COLLECTS, ANALYZES AND SUMMARIZES DATE TO IDENTIFY NECESSARY MEASUREMENTS TO SUPPORT ACTIONS AND DECISION MAKING IN ALIGNING THE COMMUNITY RESOURCES OF TIME, TALENT AND TREASURE TO CREATE AN INFRASTRUCTURE THAT SUPPORTS STUDENT ACHIEVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer D Barahona CEO | OfficerTrustee | 40 | $165,827 |
Paula Palmero Data Director | 40 | $102,348 | |
Cathy Decesare Director/chair | OfficerTrustee | 2 | $0 |
Nancy Von Euler Director/vice-Chair | OfficerTrustee | 2 | $0 |
Charlie Allred Director/treasurer | OfficerTrustee | 2 | $0 |
Kate Ritter Director/secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,483,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,578,997 |
| Total Program Service Revenue | $45,000 |
| Investment income | $314 |
| 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 | $1,624,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $170,708 |
| Compensation of current officers, directors, key employees. | $68,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $586,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,015 |
| Payroll taxes | $64,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $435 |
| Fees for services: Accounting | $12,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,522 |
| Advertising and promotion | $0 |
| Office expenses | $1,699 |
| Information technology | $25,440 |
| Royalties | $0 |
| Occupancy | $13,545 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,772 |
| Insurance | $4,998 |
| All other expenses | $46,337 |
| Total functional expenses | $1,164,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $977,583 |
| Pledges and grants receivable | $9,620 |
| 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 | $3,972 |
| Net Land, buildings, and equipment | $4,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $206 |
| Other assets | $2,200 |
| Total assets | $998,508 |
| Accounts payable and accrued expenses | $53,180 |
| 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 | $53,180 |
| Net assets without donor restrictions | $817,341 |
| Net assets with donor restrictions | $127,987 |
| 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 | $998,508 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Norwalk Acts Inc has recieved totaling $430,000.
| Awarding Organization | Amount |
|---|---|
Strivetogether Inc Cincinnati, OH PURPOSE: Challenge Fund | $325,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $80,000 |
Social Venture Partners Connecticut Inc Westport, CT PURPOSE: General operating support | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
New Garden Park Inc Worcester, MA | $35,860,729 | $21,019,526 |
Society Of St Vincent De Paul Svdp Rhode Island Cranston, RI | $2,227,449 | $2,629,698 |