Northwest Community Bank Foundation Inc
- Assets
- $1.0m
- Revenue
- $316.4k
- Investments
- $997.4k
- Employees
- 0
- Location
- Winsted, CT
- Founding
- Data as of
- 12/2023
- EIN
- 87-2625371
Organization Overview
Northwest Community Bank Foundation Inc is located in Winsted, CT. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Community Bank 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 12/2023, Northwest Community Bank Foundation Inc generated $316.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.5%) each year. All expenses for the organization totaled $337.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Northwest Community Bank Foundation Inc has awarded 138 individual grants totaling $727,488. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Atkins Director | 1 | $0 | |
Jane B Hinkel Director | 1 | $0 | |
Charles Joseph Director | 1 | $0 | |
Lori Riiska Director | 1 | $0 | |
William J Shea II Director | 1 | $0 | |
Kevin Sullivan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,984 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $316,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,665 |
| Printing and publications | $319 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,086 |
| Contributions, gifts, grants paid | $329,600 |
| Total expenses and disbursements | $337,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,963 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,032,334 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Northwest Community Bank Foundation Inc has awarded $329,600 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MURAL PROJECT PURPOSE: EDUCATION PROGRAMS | $3,000 |
AMERICAN MUSEUM OF TORT LAW INC PURPOSE: AUDIO NARRATION | $2,500 |
AVON HISTORICAL SOCIETY PURPOSE: INTERPRETIVE PANELS | $1,000 |
BANTAM CIVIC ASSOCIATION PURPOSE: PLAYGROUND RESTORATION | $4,500 |
AVON LAND TRUST PURPOSE: ENVIRONMENT EDUCATION | $2,000 |
BROOKER MEMORIAL PURPOSE: BUILDING EQUITY | $3,000 |