Civic Intelligence

Norwalk Community College Foundation Inc

990 • Fiscal year 2016 • EIN 06-6080293

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 26, 2017

188 Richards Avenue No E311Norwalk, CT 06854-1655

(203) 857-7262

Siviq Scores

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

Liabilities / Assets

24th percentile

0.06x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.43x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$203,523

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

58th percentile

4.2%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

40%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$27,245,946

Up $1,091,570 (+4.2%) from 2015

Net Assets

Up

$25,593,692

Up $807,689 (+3.3%) from 2015

Liabilities

Up

$1,652,254

Up $283,881 (+21%) from 2015

Revenue

Up

$3,853,530

Up $1,092,671 (+40%) from 2015

Expenses

Up

$3,281,266

Up $473,789 (+17%) from 2015

Net Income

Up

$572,264

Up $618,882 (+1328%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $30,300,526Liabilities 2010: $1,913,659Net Assets 2010: $28,386,8672010Assets 2011: $26,459,938Liabilities 2011: $2,190,296Net Assets 2011: $24,269,6422011Assets 2012: $26,886,653Liabilities 2012: $2,041,448Net Assets 2012: $24,845,2052012Assets 2013: $28,342,964Liabilities 2013: $1,944,444Net Assets 2013: $26,398,5202013Assets 2014: $28,834,103Liabilities 2014: $2,043,238Net Assets 2014: $26,790,8652014Assets 2015: $26,154,376Liabilities 2015: $1,368,373Net Assets 2015: $24,786,0032015Assets 2016: $27,245,946Liabilities 2016: $1,652,254Net Assets 2016: $25,593,6922016Assets 2017: $28,219,942Liabilities 2017: $1,247,390Net Assets 2017: $26,972,5522017Assets 2018: $28,650,165Liabilities 2018: $790,901Net Assets 2018: $27,859,2642018Assets 2019: $28,820,258Liabilities 2019: $1,279,196Net Assets 2019: $27,541,0622019Assets 2020: $30,346,281Liabilities 2020: $1,454,074Net Assets 2020: $28,892,2072020Assets 2021: $35,805,115Liabilities 2021: $1,161,366Net Assets 2021: $34,643,7492021Assets 2022: $32,505,867Liabilities 2022: $1,526,550Net Assets 2022: $30,979,3172022Assets 2023: $35,228,337Liabilities 2023: $2,141,561Net Assets 2023: $33,086,7762023Assets 2024: $37,961,128Liabilities 2024: $1,762,079Net Assets 2024: $36,199,0492024

Highlighted filing

2016

Assets$27,245,946
Liabilities$1,652,254
Net Assets$25,593,692

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,527,8292010Expenses 2011: $5,737,2182011Expenses 2012: $3,172,6722012Revenue 2013: $2,710,128Expenses 2013: $2,499,689Net Income 2013: $210,4392013Revenue 2014: $4,026,993Expenses 2014: $2,920,395Net Income 2014: $1,106,5982014Revenue 2015: $2,760,859Expenses 2015: $2,807,477Net Income 2015: -$46,6182015Revenue 2016: $3,853,530Expenses 2016: $3,281,266Net Income 2016: $572,2642016Revenue 2017: $2,141,699Expenses 2017: $950,893Net Income 2017: $1,190,8062017Revenue 2018: $3,711,539Expenses 2018: $3,081,109Net Income 2018: $630,4302018Revenue 2019: $3,527,398Expenses 2019: $4,027,483Net Income 2019: -$500,0852019Revenue 2020: $4,984,594Expenses 2020: $3,512,273Net Income 2020: $1,472,3212020Revenue 2021: $4,946,080Expenses 2021: $3,085,106Net Income 2021: $1,860,9742021Revenue 2022: $5,211,834Expenses 2022: $3,399,390Net Income 2022: $1,812,4442022Revenue 2023: $4,227,837Expenses 2023: $3,795,923Net Income 2023: $431,9142023Revenue 2024: $5,485,011Expenses 2024: $3,026,252Net Income 2024: $2,458,7592024

Highlighted filing

2016

Revenue$3,853,530
Expenses$3,281,266
Net Income$572,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 26, 2017
Return Version
2016v3.0
Gross Receipts
$11,896,320
Mission and Program Overview

Mission

The mission of the norwalk community college foundation is threefold: 1) raise funds for ct state community college norwalk programs and scholarships. (2) invest, administer and distribute funds so that students of all ages continue to benefit from challenging opportunities for self-improvement and intellectual growth. (3) inspire and engage our community to share talents and resources.

Fundraising for scholarships, programs and capital support for Norwalk Community College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,810,975$23,265,919▲ $1,454,944
Savings and Temporary Cash Investments$3,204,493$3,194,679▼ $9,814
Pledges and Grants Receivable$543,285$590,013▲ $46,728
Other Notes and Loans Receivable, Net$409,800$0▼ $409,800
Cash and Non-Interest-Bearing Accounts$158,770$174,909▲ $16,139
Land, Buildings, and Equipment, Net$27,053$20,426▼ $6,627
Total Assets$26,154,376$27,245,946▲ $1,091,570
Liabilities
Grants Payable$1,082,134$1,441,118▲ $358,984
Other Liabilities$260,958$197,258▼ $63,700
Accounts Payable and Accrued Expenses$25,281$13,878▼ $11,403
Total Liabilities$1,368,373$1,652,254▲ $283,881
Net Assets / Fund Balance
Permanently Rstr Net Assets$16,305,977$16,352,922▲ $46,945
Temporarily Rstr Net Assets$7,681,169$8,379,828▲ $698,659
Unrestricted Net Assets$798,857$860,942▲ $62,085
Total Net Assets Fund Balance$24,786,003$25,593,692▲ $807,689
Total Liabilities and Net Assets / Fund Balance$26,154,376$27,245,946▲ $1,091,570

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,732$19,316$36,048
Equipment$3,694$6,649$10,343

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$22,772,366$69,409▲ $1,733,024-$23,291,835
2015$20,865,503$3,956,775▼ $555,051-$22,772,366
2014$20,683,574$67,827▲ $1,045,795-$20,865,503
2013$18,651,896$39,259▲ $2,911,384-$20,683,574
2012$17,454,395$78,965▲ $2,104,762-$18,651,896
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann P RogersExecutive DirectorFT$167,364$36,159$203,523
Ann Marie WinschDirector of FinanceFT$108,101$32,306$140,407

Board Members and Trustees

NameTitle
Stuart WeismillerPresident
Deborah C McLeanVice President
Ana ChadwickDirector
Eleanor RiemerDirector
Erin M CatapanoDirector
George A ReillyDirector
Jon GoldDirector
Joseph W DonaldsonDirector
Julie M JohnsonDirector
Lenore C MintzDirector
Lesley IB SchlessDirector
Martha PoulterDirector
Robert M DixonDirector
Susan G WeinbergerDirector
Theodore Jay NussbaumDirector
Vasso Kelly RNDirector
Vincent A MurphyDirector
Jackie Labatt-SimonDirector as of 11.10.16
Joseph R ZimmelDirector as of 11.10.16
Joan BarksdaleDirector thru 11.10.16
Ramon J CeronDirector thru 11.10.16
Robert A CerminaroDirector thru 9.20.16
Howard SteckerSecretary
Ellen H PetrinoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Neuberger BermanInvestment advisory fees1290 Avenue of Americas, New York, NY 10104$162,753
Revenue and Support

Revenue Composition

Contributions and Grants
$2,339,082
Program Service Revenue
$0
Investment Income
$1,516,252
Other Revenue
$-1,804
All Other Contributions
$2,339,082
Change in Net Assets
$572,264

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$81,006Fair Market Value
Securities Publicly Traded5$9,147Fair Market Value
Total Noncash Contributions6$90,153-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,686,807
Revenue Not Reported on Financial Statements
$166,723
Revenue Not Reported on Form 990
$235,425
Total Revenue per Audited Statements
$3,922,232
Total Revenue per Form 990
$3,853,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,252,383
Salaries, Compensation, and Employee Benefits$692,836
Total Fundraising Expense$338,405
Other Expenses$336,047
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,497,317--$1,497,317
Grants to Domestic Individuals$755,066--$755,066
Other Salaries and Wages$122,373$76,751$148,069$347,193
Current Officers, Directors, Trustees, and Key Employees$70,523$50,374$80,598$201,495
Fees for Service Investment Mgmnt Fees-$166,723-$166,723
Other Employee Benefits$27,158$27,026$23,444$77,628
Fees for Services Accounting-$60,680-$60,680
Payroll Taxes$12,331$8,268$14,952$35,551
Pension Plan Contributions$10,944$6,769$13,256$30,969
Conferences and Meetings-$3,605$26,174$29,779
Advertising-$1,317$21,105$22,422
Insurance-$10,571-$10,571
Information Technology-$8,748-$8,748
Fees for Services Legal-$8,149-$8,149
Office Expenses-$5,248$2,395$7,643
Depreciation Depletion$1,325$2,651$2,651$6,627
Other Expenses-$2,734$5,660$2,734
Travel-$163$101$264
Total Functional Expenses$2,497,037$445,824$338,405$3,281,266

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,281,266
Expenses per Audited Statements$3,114,543
Total Expenses per Audited Statements$3,114,543
Expenses Not Reported on Financial Statements$166,723
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norwalk Community College a Department of the State of CTNorwalk, CT-See Part III of Form 990 question 4b.$1,497,317
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Present value of life tenancy liability$147,636
Annuities Payable$49,622
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Form 990 was reviewed by both the Finance and Audit Committees and subsequently distributed to the Board of Directors prior to filing.

Form 990, Part VI, Section B, line 12C

The Conflict of Interest questionnaire is distributed annually to all board directors and the Executive Director by the President of the Foundation. The questionnaire responses are then reviewed by the Audit Committee chair and the Board President.

Form 990, Part VI, Section B, line 15A

The Executive Director's salary is reviewed annually by the Executive Committee of the Foundation Board of Directors.

Form 990, Part VI, Section C, line 19

The Form 990 as well as the audited financial statements are available on the Foundation's website, ncc-foundation.org. The Form 990 is also available on guidestar.org. The Form 1023 is available upon written request at 188 Richards Ave Suite E311.

Form 990, Part VI, Section A

Subsequent to December 31, 2016, The Board of The Norwalk Community College Foundation, Inc. approved a change in the fiscal year of the Organization to a June 30th year end, beginning with the six month period ending June 30, 2017. The change is being made to align the fiscal year end with the academic year of Norwalk Community College (the College). The Board believes that aligning the fiscal year end will help coordinate and streamline the operations of the organizations and create more effective delivery of the services that are provided to the College and its students.

Filing and Contact Details

Filer

Filer Name
Norwalk Community College Foundation Inc
EIN
06-6080293
Phone
2038577262
Address
188 Richards Avenue No E311, Norwalk, CT 06854-1655

Signing Officer

Name
Ann P Rogers
Title
Executive Director
Phone
2038577261
Signed
2017-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann P Rogers
Formed
1965
Legal Domicile
Ct
Voting Board Members
21
Independent Board Members
21
Employees
7
Volunteers
0

Preparer

Firm
Dylewsky Goldberg & Brenner LLC
Address
30 Oak Street, Stamford, CT 06905
Preparer
Lawrence Goldberg
Phone
2039758830
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has an audit committee that is responsible for the oversight of the audit, its financial statements, as well as the selection of an independent accountant. The process has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

The intended use of the endowment is for scholarships and grants to Norwalk Community College.

Part X, Line 2:

The Foundation evaluates all significant tax positions in accordance with accounting principles generally accepted in the United States of America. As of December 31, 2016, the Foundation does not believe that it has taken any positions that would require the recording of any tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.

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IRS990/Desc0Scholarships and other academic awards are one of the primary objectives of the Foundation. In the 2016/2017 academic year, 454 students were awarded scholarships. Scholarships bestow on students a valuable sense of recognition and accomplishment as well as important financial support. Our scholarship donors include private individuals, corporations and foundations, all of whom are committed to making an education affordable for NCC students. The Foundation's scholarship process is competitive and academic achievement is the primary consideration. However financial need, special circumstances and personal qualities are also considered in awarding scholarships. Scholarship applications are reviewed by the Scholarship Committee which is comprised of Board Directors, community members, the Executive Director and the Manager of Scholarship and Donor Relations.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2428659
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2532306
IRS990/Form990PartVIISectionAGrp/PersonNm0Stuart Weismiller
IRS990/Form990PartVIISectionAGrp/PersonNm1Deborah C McLean
IRS990/Form990PartVIISectionAGrp/PersonNm2Howard Stecker
IRS990/Form990PartVIISectionAGrp/PersonNm3Ellen H Petrino
IRS990/Form990PartVIISectionAGrp/PersonNm4Joan Barksdale
IRS990/Form990PartVIISectionAGrp/PersonNm5Erin M Catapano
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert A Cerminaro
IRS990/Form990PartVIISectionAGrp/PersonNm7Ramon J Ceron
IRS990/Form990PartVIISectionAGrp/PersonNm8Ana Chadwick
IRS990/Form990PartVIISectionAGrp/PersonNm9Robert M Dixon
IRS990/Form990PartVIISectionAGrp/PersonNm10Joseph W Donaldson
IRS990/Form990PartVIISectionAGrp/PersonNm11Jon Gold
IRS990/Form990PartVIISectionAGrp/PersonNm12Julie M Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm13Vasso Kelly RN
IRS990/Form990PartVIISectionAGrp/PersonNm14Jackie Labatt-Simon
IRS990/Form990PartVIISectionAGrp/PersonNm15Lenore C Mintz
IRS990/Form990PartVIISectionAGrp/PersonNm16Vincent A Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm17Theodore Jay Nussbaum
IRS990/Form990PartVIISectionAGrp/PersonNm18Martha Poulter
IRS990/Form990PartVIISectionAGrp/PersonNm19George A Reilly
IRS990/Form990PartVIISectionAGrp/PersonNm20Eleanor Riemer
IRS990/Form990PartVIISectionAGrp/PersonNm21Lesley IB Schless
IRS990/Form990PartVIISectionAGrp/PersonNm22Susan G Weinberger
IRS990/Form990PartVIISectionAGrp/PersonNm23Joseph R Zimmel
IRS990/Form990PartVIISectionAGrp/PersonNm24Ann P Rogers
IRS990/Form990PartVIISectionAGrp/PersonNm25Ann Marie Winsch
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24174864
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25108101
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director thru 11.10.16
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director thru 9.20.16
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director thru 11.10.16
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director as of 11.10.16
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director as of 11.10.16
IRS990/Form990PartVIISectionAGrp/TitleTxt24Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director of Finance
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0141392
IRS990/GainOrLossGrp/SecuritiesAmt0608733
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt0755066
IRS990/GrantsPayableGrp/BOYAmt01082134
IRS990/GrantsPayableGrp/EOYAmt01441118
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0755066
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0755066
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01497317
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01497317
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0141392
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08651523
IRS990/GrossReceiptsAmt011896320
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08748
IRS990/InformationTechnologyGrp/TotalAmt08748
IRS990/InsuranceGrp/ManagementAndGeneralAmt010571
IRS990/InsuranceGrp/TotalAmt010571
IRS990/InvestmentIncomeGrp/ExclusionAmt0766127
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0766127
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt021810975
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023265919
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025965
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027053
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020426
IRS990/LandBldgEquipCostOrOtherBssAmt046391
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08042790
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Mission of the Norwalk Community College Foundation is three-fold: 1) Raise funds for Norwalk Community College programs and scholarships. Continued on Schedule O. . . (2) Invest, administer and distribute funds so that students of all ages continue to benefit from challenging opportunities for self-improvement and intellectual growth. (3) Inspire and engage our community to share talents and resources.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt024786003
IRS990/NetAssetsOrFundBalancesEOYAmt025593692
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0750125
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0750125
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0235425
IRS990/NoncashContributionsAmt090153
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt02395
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05248
IRS990/OfficeExpensesGrp/TotalAmt07643
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt023444
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027026
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027158
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077628
IRS990/OtherExpensesGrp/Desc0Membership, Dues & Subs
IRS990/OtherExpensesGrp/Desc1Payroll Service Fees
IRS990/OtherExpensesGrp/Desc2Bank Fees & Misc.
IRS990/OtherExpensesGrp/FundraisingAmt05660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0544
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22734
IRS990/OtherExpensesGrp/TotalAmt06204
IRS990/OtherExpensesGrp/TotalAmt15503
IRS990/OtherExpensesGrp/TotalAmt22734
IRS990/OtherLiabilitiesGrp/BOYAmt0260958
IRS990/OtherLiabilitiesGrp/EOYAmt0197258
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0Goodnow, Gray & Co K-1
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-1804
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-1804
IRS990/OtherRevenueTotalAmt0-1804
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0148069
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076751
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0122373
IRS990/OtherSalariesAndWagesGrp/TotalAmt0347193
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0409800
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014952
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08268
IRS990/PayrollTaxesGrp/ProgramServicesAmt012331
IRS990/PayrollTaxesGrp/TotalAmt035551
IRS990/PensionPlanContributionsGrp/FundraisingAmt013256
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06769
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010944
IRS990/PensionPlanContributionsGrp/TotalAmt030969
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt016305977
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt016352922
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0543285
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0590013
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Ann P Rogers
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation supports Norwalk Community College to further the development of the student body by providing funding for a variety of programs. The Foundation continued its support from previous years to fund five faculty positions for the Center for Science Health and Wellness. In 2016, a commitment to fund four of the faculty positions was extended for an additional three years. The fifth faculty position is funded by a three year grant. In accordance with Generally Accepted Accounting Principles, the entire liability for the long term grant funding of the five faculty positions was established and the expense was accrued, but operationally the faculty positions are funded each year. The faculty positions include a biology professor, a simulation laboratory specialist, an exercise science instructor, and both an assistant professor and a clinical coordinator in veterinary science. The Foundation also funded various college advancement initiatives.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01590093
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01497317

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.0$1.76$36.2$5.49$3.03$2.46
2023Detailed filing. Detailed filing data is available for this year.$35.2$2.14$33.1$4.23$3.80$0.43
2022Detailed filing. Detailed filing data is available for this year.$32.5$1.53$31.0$5.21$3.40$1.81
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$35.8$1.16$34.6$4.95$3.09$1.86
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$1.45$28.9$4.98$3.51$1.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.8$1.28$27.5$3.53$4.03$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$0.79$27.9$3.71$3.08$0.63
2017Summary only. Only limited summary data is available for this year.$28.2$1.25$27.0$2.14$0.95$1.19
2016Detailed filing. Detailed filing data is available for this year.$27.2$1.65$25.6$3.85$3.28$0.57
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$1.37$24.8$2.76$2.81$0.05
2014Detailed filing. Detailed filing data is available for this year.$28.8$2.04$26.8$4.03$2.92$1.11
2013Detailed filing. Detailed filing data is available for this year.$28.3$1.94$26.4$2.71$2.50$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$2.04$24.8$3.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$2.19$24.3$5.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$1.91$28.4$2.53