Civic Intelligence

Connecticut Bar Foundation Inc.

990 • Fiscal year 2023 • EIN 06-6079763

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 21, 2024

31 Pratt Street Suite 420Hartford, CT 06103

(860) 722-2494

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.07x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

12th percentile

$88,239

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

95th percentile

79%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$38,223,904

Up $16,828,902 (+79%) from 2022

Net Assets

Up

$35,379,426

Up $17,210,893 (+95%) from 2022

Liabilities

Down

$2,844,478

Down $381,991 (-12%) from 2022

Revenue

Up

$38,897,629

Up $11,152,509 (+40%) from 2022

Expenses

Up

$23,909,178

Up $1,054,298 (+4.6%) from 2022

Net Income

Up

$14,988,451

Up $10,098,211 (+206%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $7,067,326Liabilities 2010: $56,931Net Assets 2010: $7,010,3952010Assets 2011: $7,818,716Liabilities 2011: $45,630Net Assets 2011: $7,773,0862011Assets 2012: $8,320,451Liabilities 2012: $73,044Net Assets 2012: $8,247,4072012Assets 2013: $8,196,519Liabilities 2013: $41,263Net Assets 2013: $8,155,2562013Assets 2014: $7,786,988Liabilities 2014: $55,031Net Assets 2014: $7,731,9572014Assets 2015: $8,648,508Liabilities 2015: $890,939Net Assets 2015: $7,757,5692015Assets 2016: $10,681,215Liabilities 2016: $47,094Net Assets 2016: $10,634,1212016Assets 2017: $11,468,248Liabilities 2017: $1,285,525Net Assets 2017: $10,182,7232017Assets 2018: $11,435,661Liabilities 2018: $1,999,866Net Assets 2018: $9,435,7952018Assets 2019: $13,203,454Liabilities 2019: $701,708Net Assets 2019: $12,501,7462019Assets 2020: $13,303,696Liabilities 2020: $185,262Net Assets 2020: $13,118,4342020Assets 2021: $15,826,247Liabilities 2021: $555,000Net Assets 2021: $15,271,2472021Assets 2022: $21,395,002Liabilities 2022: $3,226,469Net Assets 2022: $18,168,5332022Assets 2023: $38,223,904Liabilities 2023: $2,844,478Net Assets 2023: $35,379,4262023Assets 2024: $54,667,020Liabilities 2024: $1,895,978Net Assets 2024: $52,771,0422024

Highlighted filing

2023

Assets$38,223,904
Liabilities$2,844,478
Net Assets$35,379,426

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $14,783,7742010Revenue 2011: $14,792,399Expenses 2011: $13,940,437Net Income 2011: $851,9622011Expenses 2012: $14,614,6252012Revenue 2013: $16,128,967Expenses 2013: $16,383,552Net Income 2013: -$254,5852013Revenue 2014: $15,505,496Expenses 2014: $15,954,961Net Income 2014: -$449,4652014Revenue 2015: $17,285,986Expenses 2015: $17,206,139Net Income 2015: $79,8472015Revenue 2016: $19,176,526Expenses 2016: $16,509,712Net Income 2016: $2,666,8142016Revenue 2017: $17,385,050Expenses 2017: $18,248,213Net Income 2017: -$863,1632017Revenue 2018: $18,403,523Expenses 2018: $18,862,666Net Income 2018: -$459,1432018Revenue 2019: $20,128,343Expenses 2019: $18,034,030Net Income 2019: $2,094,3132019Revenue 2020: $15,421,672Expenses 2020: $15,577,376Net Income 2020: -$155,7042020Revenue 2021: $17,157,685Expenses 2021: $15,531,730Net Income 2021: $1,625,9552021Revenue 2022: $27,745,120Expenses 2022: $22,854,880Net Income 2022: $4,890,2402022Revenue 2023: $38,897,629Expenses 2023: $23,909,178Net Income 2023: $14,988,4512023Revenue 2024: $43,318,899Expenses 2024: $28,252,004Net Income 2024: $15,066,8952024

Highlighted filing

2023

Revenue$38,897,629
Expenses$23,909,178
Net Income$14,988,451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2024
Return Version
2023v5.0
Gross Receipts
$38,897,629
Mission and Program Overview

Mission

The mission of the connecticut bar foundation is to further the rule of law and assist in efforts to improve the administration of justice in connecticut. This mission is based on the fundamental premise that the rule of law is essential to an orderly and just society and must be available to all, regardless of power or resources. The foundation serves this mission in part by working to secure and administer a reliable and sufficient flow of funds to support legal services and access to justice for persons of limited means. The foundation also serves its mission by sponsoring programs that address matters concerning the legal profession, the administration of justice and the role of law in society.

To fund legal services for the poor and develop programs to enhance understanding of the law in connecticut.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,117,233$27,370,827▲ $16,253,594
Savings and Temporary Cash Investments$8,445,773$8,042,288▼ $403,485
Accounts Receivable$1,498,852$1,849,651▲ $350,799
Pledges and Grants Receivable$333,044$957,963▲ $624,919
Prepaid Expenses and Deferred Charges$100$3,175▲ $3,075
Total Assets$21,395,002$38,223,904▲ $16,828,902
Liabilities
Deferred Revenue$3,032,861$1,623,263▼ $1,409,598
Accounts Payable and Accrued Expenses$193,608$1,221,215▲ $1,027,607
Total Liabilities$3,226,469$2,844,478▼ $381,991
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,012,358$32,747,971▲ $16,735,613
Net Assets Without Donor Restrictions$2,156,175$2,631,455▲ $475,280
Total Net Assets Fund Balance$18,168,533$35,379,426▲ $17,210,893
Total Liabilities and Net Assets / Fund Balance$21,395,002$38,223,904▲ $16,828,902

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,172$6,172
Other Land Buildings-$2,057$2,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bruce Hiltunen Started May 23CFOPT$88,239$88,239
Steven Eppler-epstein Jan - Oct 23Interim ExecPT$80,718$80,718
Anne E Goico Thru June 23Finance DireFT$76,363$76,363
Natalie S Wagner Thru Feb 23Executive DiFT$46,793$46,793
Angela Schlingheyde Started Nov 23Executive DiFT$21,538$21,538
Revenue and Support

Revenue Composition

Contributions and Grants
$19,369,648
Program Service Revenue
$19,036,015
Investment Income
$19,700
Other Revenue
$472,266
All Other Contributions
$539,205
Change in Net Assets
$14,988,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,897,629
Revenue Not Reported on Form 990
$2,175,649
Total Revenue per Audited Statements
$41,073,278
Total Revenue per Form 990
$38,897,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,226,691
Salaries, Compensation, and Employee Benefits$1,045,307
Other Expenses$637,180
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,226,691--$22,226,691
Other Salaries and Wages$683,993$146,494-$830,487
Fees for Services Other$377,641$33,728-$411,369
Other Employee Benefits$88,529$13,297-$101,826
Information Technology$84,610$15,019-$99,629
Payroll Taxes$54,335$11,866-$66,201
Current Officers, Directors, Trustees, and Key Employees-$46,793-$46,793
Occupancy$32,268$8,017-$40,285
Office Expenses$17,345$3,095-$20,440
Travel$7,299$2,470-$9,769
Insurance$6,817$1,512-$8,329
Other Expenses$7,140$647-$647
Total Functional Expenses$23,619,561$289,617$0$23,909,178

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,909,178
Total Expenses per Audited Statements$23,909,178
Total Expenses per Form 990$23,909,178
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Connecticut Legal ServicesMiddletown, CT501c3To Provide Legal Ser$9,618,406
Greater Hartford Legal AidHartford, CT501c3To Provide Legal Ser$5,087,978
New Haven Legal AssistanceNew Haven, CT501c3To Provide Legal Ser$4,106,537
CENTER FOR CHILDREN'S ADVOCACYHartford, CT501c3To Provide Legal Ser$779,726
Connecticut Legal Rights ProjectMiddletown, CT501c3To Provide Legal Ser$669,025
Connecticut Veterans Legal CenterWest Haven, CT501c3To Provide Legal Ser$570,332
Statewide Legal ServicesWethersfield, CT501c3To Provide Brief Leg$522,271
THE CHILDREN'S LAW CENTER OFHartford, CT501c3To Provide Legal Ser$248,694
Connecticut Fair Housing CenterHartford, CT501c3To Provide Legal Ser$246,266
Open Communities AllianceHartford, CT501c3To Provide Legal Ser$105,449
Integrated Refuge & Immigrant ServiNew Haven, CT501c3Cif Reentry Award$75,000
Lawyers for Children AmericaHartford, CT501c3To Provide Legal Ser$57,906
Community Partners in ActionHartford, CT--$18,250
Quinnipiac University School of LawNorth Haven, CT501c3Scholarships for Law$10,000
University of Connecticut School ofHartford, CT501c3Scholarships for Law$10,000
Yale Law SchoolNew Haven, CT501c3Scholarships for Law$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

In january, members of the board of directors (governing board) are recommended to the cba and elected by the cba board of governors acting as the corporators of the foundation. The foundation elects new directors in the interim.

Form 990, Page 6, Part VI, Line 11B

There is communication between the accountants and the audit committee of the foundation. Before the form 990 is finalized, it is approved by the audit committee and reviewed by the board of directors.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest statement is signed by all staff and board members. The policy includes a clause requiring written disclosure when any new conflicts arise.

Form 990, Page 6, Part VI, Line 15B

The compensation of these individuals is determined by the executive committee of the board of directors of the foundation. Comparability data from other iolta programs and othe nonprofit organizations is provided to the executive committee. The executive committee votes on staff salaries and makes a recommendation of a total staff figure in the annual budget, which is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Complete copies of the audited financials and the form 990 are posted on the cbf's website. The form 990 is also published by guidestar, an informational website and database for nonprofit organizations. Other documents and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Connecticut Bar Foundation
EIN
06-6079763
Phone
8607222494
Address
31 PRATT STREET SUITE 420, HARTFORD, CT 06103

Signing Officer

Name
Bruce Hiltunen Started May 23
Title
CFO
Phone
8607222494
Signed
2024-08-21

Organization Details

Principal Officer
Bruce Hiltunen Started May 23
Formed
1952
Legal Domicile
Ct
Voting Board Members
32
Independent Board Members
32
Employees
13
Volunteers
313

Preparer

Firm
Fiondella Milone & Lasaracina Llp
Address
300 WINDING BROOK DR STE 1, GLASTONBURY, CT 06033
Preparer
Amber D Tucker
Phone
8606573651
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the connecticut bar foundation is to further the rule of law and assist in efforts to improve the administration of justice in connecticut. This mission is based on the fundamental premise that the rule of law is essential to an orderly and just society and must be available to all, regardless of power or resources. The foundation serves this mission in part by working to secure and administer a reliable and sufficient flow of funds to support legal services and access to justice for persons of limited means. The foundation also serves its mission by sponsoring programs that address matters concerning the legal profession, the administration of justice and the role of law in society.

Form 990, Page 2, Part III, Line 4D

In 1994, the foundation established the james w. Cooper fellows as the result of a generous bequest. The fellows develop and sponsor projects and programs to promote a better understanding of the legal profession, the judicial system, and the role of law in society; to explore ways to improve the profession and the administration of justice; and to further the highest ideals of the legal system. Fellows programming addresses issues specific to access to justice to help create systemic change and remove barriers to equal justice.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has received an exemption from the internal revenue service (irs) from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation is required to make the appropriate tax payments on any income considered unrelated to its exempt purpose. Management of the foundation evaluates all significant tax positions required by accounting principles generally accepted in the united states of america. As of december 31, 2023 and 2022, management stated it does not have any tax position that would require the recording of any additional tax liability nor does it have any unrealized tax benefits that would either increase or decrease within the next twelve months.

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt33INTERIM EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt34EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt35FINANCE DIRE
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IRS990/MissionDesc0THE MISSION OF THE CONNECTICUT BAR FOUNDATION IS TO FURTHER THE RULE OF LAW AND ASSIST IN EFFORTS TO IMPROVE THE ADMINISTRATION OF JUSTICE IN CONNECTICUT. THIS MISSION IS BASED ON THE FUNDAMENTAL PREMISE THAT THE RULE OF LAW IS ESSENTIAL TO AN ORDERLY AND JUST SOCIETY AND MUST BE AVAILABLE TO ALL, REGARDLESS OF POWER OR RESOURCES. THE FOUNDATION SERVES THIS MISSION IN PART BY WORKING TO SECURE AND ADMINISTER A RELIABLE AND SUFFICIENT FLOW OF FUNDS TO SUPPORT LEGAL SERVICES AND ACCESS TO JUSTICE FOR PERSONS OF LIMITED MEANS. THE FOUNDATION ALSO SERVES ITS MISSION BY SPONSORING PROGRAMS THAT ADDRESS MATTERS CONCERNING THE LEGAL PROFESSION, THE ADMINISTRATION OF JUSTICE AND THE ROLE OF LAW IN SOCIETY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.7$1.90$52.8$43.3$28.3$15.1
2023Detailed filing. Detailed filing data is available for this year.$38.2$2.84$35.4$38.9$23.9$15.0
2022Detailed filing. Detailed filing data is available for this year.$21.4$3.23$18.2$27.7$22.9$4.89
2021Detailed filing. Detailed filing data is available for this year.$15.8$0.56$15.3$17.2$15.5$1.63
2020Detailed filing. Detailed filing data is available for this year.$13.3$0.19$13.1$15.4$15.6$0.16
2019Detailed filing. Detailed filing data is available for this year.$13.2$0.70$12.5$20.1$18.0$2.09
2018Detailed filing. Detailed filing data is available for this year.$11.4$2.00$9.44$18.4$18.9$0.46
2017Detailed filing. Detailed filing data is available for this year.$11.5$1.29$10.2$17.4$18.2$0.86
2016Detailed filing. Detailed filing data is available for this year.$10.7$0.05$10.6$19.2$16.5$2.67
2015Detailed filing. Detailed filing data is available for this year.$8.65$0.89$7.76$17.3$17.2$0.08
2014Detailed filing. Detailed filing data is available for this year.$7.79$0.06$7.73$15.5$16.0$0.45
2013Detailed filing. Detailed filing data is available for this year.$8.20$0.04$8.16$16.1$16.4$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$0.07$8.25$14.6
2011Summary only. Only limited summary data is available for this year.$7.82$0.05$7.77$14.8$13.9$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$0.06$7.01$14.8
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