Civic Intelligence

Nfa Foundation Inc.

990 • Fiscal year 2014 • EIN 22-2678033

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 10, 2014

321 Broadway06360-3547

(860) 887-2505

Siviq Scores

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

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.68x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

64th percentile

10.0%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2011 to 2014

Assets

Up

$73,826,236

Up $8,962,631 (+14%) from 2013

Net Assets

Up

$71,720,692

Up $9,928,899 (+16%) from 2013

Liabilities

Down

$2,105,544

Down $966,268 (-31%) from 2013

Revenue

$3,104,222

No earlier filing loaded for comparison.

Expenses

Down

$1,005,003

Down $1,297,857 (-56%) from 2013

Net Income

$2,099,219

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $54,178,709Liabilities 2010: $1,486,613Net Assets 2010: $52,692,0962010Assets 2011: $61,168,068Liabilities 2011: $1,743,997Net Assets 2011: $59,424,0712011Assets 2012: $58,123,209Liabilities 2012: $2,311,641Net Assets 2012: $55,811,5682012Assets 2013: $64,863,605Liabilities 2013: $3,071,812Net Assets 2013: $61,791,7932013Assets 2014: $73,826,236Liabilities 2014: $2,105,544Net Assets 2014: $71,720,6922014Assets 2015: $73,617,753Liabilities 2015: $3,141,867Net Assets 2015: $70,475,8862015Assets 2016: $69,191,690Liabilities 2016: $3,123,938Net Assets 2016: $66,067,7522016Assets 2017: $75,503,020Liabilities 2017: $2,943,874Net Assets 2017: $72,559,1462017Assets 2018: $78,998,657Liabilities 2018: $2,648,856Net Assets 2018: $76,349,8012018Assets 2019: $80,648,346Liabilities 2019: $3,147,675Net Assets 2019: $77,500,6712019Assets 2020: $79,362,336Liabilities 2020: $3,684,545Net Assets 2020: $75,677,7912020Assets 2021: $96,937,787Liabilities 2021: $3,723,027Net Assets 2021: $93,214,7602021Assets 2022: $77,129,817Liabilities 2022: $4,314,830Net Assets 2022: $72,814,9872022Assets 2023: $80,177,189Liabilities 2023: $4,355,404Net Assets 2023: $75,821,7852023Assets 2024: $85,767,761Liabilities 2024: $4,301,012Net Assets 2024: $81,466,7492024Assets 2025: $92,282,022Liabilities 2025: $4,308,709Net Assets 2025: $87,973,3132025

Highlighted filing

2014

Assets$73,826,236
Liabilities$2,105,544
Net Assets$71,720,692

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $1,222,6122010Revenue 2011: $2,332,521Expenses 2011: $5,695,386Net Income 2011: -$3,362,8652011Expenses 2012: $2,250,8122012Expenses 2013: $2,302,8602013Revenue 2014: $3,104,222Expenses 2014: $1,005,003Net Income 2014: $2,099,2192014Revenue 2015: $4,301,628Expenses 2015: $2,650,696Net Income 2015: $1,650,9322015Revenue 2016: $3,102,938Expenses 2016: $3,257,584Net Income 2016: -$154,6462016Revenue 2017: $3,232,826Expenses 2017: $2,746,099Net Income 2017: $486,7272017Revenue 2018: $5,822,986Expenses 2018: $2,325,224Net Income 2018: $3,497,7622018Revenue 2019: $3,263,606Expenses 2019: $3,669,163Net Income 2019: -$405,5572019Revenue 2020: $3,787,771Expenses 2020: $3,939,380Net Income 2020: -$151,6092020Revenue 2021: $4,783,238Expenses 2021: $5,559,306Net Income 2021: -$776,0682021Revenue 2022: $5,415,738Expenses 2022: $14,635,807Net Income 2022: -$9,220,0692022Revenue 2023: $3,730,231Expenses 2023: $3,831,267Net Income 2023: -$101,0362023Revenue 2024: $5,507,209Expenses 2024: $3,870,297Net Income 2024: $1,636,9122024Revenue 2025: $4,600,603Expenses 2025: $3,937,824Net Income 2025: $662,7792025

Highlighted filing

2014

Revenue$3,104,222
Expenses$1,005,003
Net Income$2,099,219
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 10, 2014
Return Version
2013v4.0
Gross Receipts
$3,104,222
Mission and Program Overview

Mission

The nfa foundation advances opportunities at norwich free academy by soliciting, accepting, and prudently managing donated and endowed funds. The foundation actively builds awareness, engages alumni, nurtures relationships, and develops partnerships to benefit the academy's students, faculty, and staff.

To solicit and receive contributions for the norwich free academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$63,717,033$73,256,182▲ $9,539,149
Investments Other Securities$343,364$373,294▲ $29,930
Savings and Temporary Cash Investments$768,224$169,547▼ $598,677
Pledges and Grants Receivable$34,984$27,213▼ $7,771
Total Assets$64,863,605$73,826,236▲ $8,962,631
Liabilities
Other Liabilities$3,042,462$2,053,822▼ $988,640
Accounts Payable and Accrued Expenses$29,350$51,722▲ $22,372
Total Liabilities$3,071,812$2,105,544▼ $966,268
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,885,740$29,376,613▲ $3,490,873
Unrestricted Net Assets$21,352,060$27,067,045▲ $5,714,985
Permanently Rstr Net Assets$14,553,993$15,277,034▲ $723,041
Total Net Assets Fund Balance$61,791,793$71,720,692▲ $9,928,899
Total Liabilities and Net Assets / Fund Balance$64,863,605$73,826,236▲ $8,962,631

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$53,739,191$1,192,826▲ $9,551,120$858,449$63,624,688
2012$45,702,095$1,722,783▲ $8,006,134$1,691,821$53,739,191
2011$48,802,424$580,023▼ $1,474,308$2,206,044$45,702,095
2010$41,603,312$1,115,140▲ $11,305,904$5,163,661$48,802,424
2009$36,141,758$1,226,524▲ $4,620,268$315,759$41,603,312
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$792,194
Program Service Revenue
$0
Investment Income
$2,312,028
Other Revenue
$0
All Other Contributions
$792,194
Change in Net Assets
$2,099,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$660,679
Total Fundraising Expense$351,600
Salaries, Compensation, and Employee Benefits$315,983
Grants and Similar Amounts Paid$28,341
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$44,525$91,172$76,330$212,027
Other Employee Benefits$9,298$19,039$15,940$44,277
Pension Plan Contributions$9,149$18,736$15,686$43,571
Other Expenses$8,106$16,599$13,897$38,602
Grants to Domestic Orgs$28,341--$28,341
Fees for Services Other$5,332$10,919$9,141$25,392
Payroll Taxes$3,383$6,926$5,799$16,108
Occupancy$2,772$5,676$4,752$13,200
Fees for Services Legal$1,172$2,402$2,011$5,585
All Other Expenses$210$430$360$1,000
Total Functional Expenses$233,436$419,967$351,600$1,005,003
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
06-0762783-501(c)(3)Charitable$28,341
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
Due to Affiliates$2,053,822
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by management and discussed at a board meeting after the return has been filed.

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

Each board member and key employee receives the policy on an annual basis. They are required to sign an acknowledgement that they understand and have compiled. Any relationship must be disclosed.

Form 990, Part VI, Section B, Line 15

Compensation of the director is approved by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents are available through the secretary of the state office. Financial statements are provided to the city of norwich, chefa, moody's and standard & poors. Policies can be made available to anyone requesting them. Form 990 is available to the public upon specific request or through irs websites.

Filing and Contact Details

Filer

EIN
22-2678033
Phone
8608872505

Signing Officer

Name
Cyndee Finger
Title
Assistant Treasurer
Phone
8608872505
Signed
2014-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyndee Finger
Formed
1986
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
0

Preparer

Preparer
Elizabeth Solecki
Phone
8605614000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed for the oversight process or selections process during the tax year.

Financial Statement Notes

PART III, LINE 1A:

The corporation owns a museum with collections of paintings, castes, statuary, artifacts and various other items. Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purhcased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.

PART III, LINE 4:

The museum displays and interprets the best examples of fine and decorative art, representing a broad range of world cultures of the americas, asia, europe, and africa. The collections include 18th-20th century american paintings and decorative arts, 17th-19th century european paintings and decorative arts, african and oceanic sculptures, native american objects, and a plaster caste collection of egyptian, archaic, greek, roman and renaissance sculpture.

PART V, LINE 4:

The endowment is used for student scholarships as well as for support of programs, a museum and facilities.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt044277
IRS990/OtherExpensesGrp/Desc0PRINTING AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1ENDOWMENT EXPENDITURES
IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt095316
IRS990/OtherExpensesGrp/FundraisingAmt195042
IRS990/OtherExpensesGrp/FundraisingAmt217326
IRS990/OtherExpensesGrp/FundraisingAmt313897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0113850
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1113523
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220695
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt316599
IRS990/OtherExpensesGrp/ProgramServicesAmt055601
IRS990/OtherExpensesGrp/ProgramServicesAmt155441
IRS990/OtherExpensesGrp/ProgramServicesAmt210106
IRS990/OtherExpensesGrp/ProgramServicesAmt38106
IRS990/OtherExpensesGrp/TotalAmt0264767
IRS990/OtherExpensesGrp/TotalAmt1264006
IRS990/OtherExpensesGrp/TotalAmt248127
IRS990/OtherExpensesGrp/TotalAmt338602
IRS990/OtherLiabilitiesGrp/BOYAmt03042462
IRS990/OtherLiabilitiesGrp/EOYAmt02053822
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt076330
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091172
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044525
IRS990/OtherSalariesAndWagesGrp/TotalAmt0212027
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05799
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06926
IRS990/PayrollTaxesGrp/ProgramServicesAmt03383
IRS990/PayrollTaxesGrp/TotalAmt016108
IRS990/PensionPlanContributionsGrp/FundraisingAmt015686
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018736
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09149
IRS990/PensionPlanContributionsGrp/TotalAmt043571
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt014553993
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt015277034
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt034984
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt027213
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CYNDEE FINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0681182
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01171041
IRS990/PYInvestmentIncomeAmt04978060
IRS990/PYOtherExpensesAmt0829570
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03356382
IRS990/PYSalariesCompEmpBnftPaidAmt0302249
IRS990/PYTotalExpensesAmt02302860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05659242
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02099219
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0768224
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0169547
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0NFA FOUNDATION, INC IS A 501(C)(3) ORGANIZATION THAT NORMALLY RECIEVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC. THE ORGANIZATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC AND GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. THE ORGANIZATION MEETS THE FACTS AND CIRCUMSTANCES TEST UNDER REG. 1.170A-9(F)(3).
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0792194
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0681182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0361157
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0403305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0763285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03001123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01322776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01510283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01009055
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01237088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01513703
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06592905
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.31280
IRS990ScheduleA/PublicSupportPY170Pct00.31120
IRS990ScheduleA/PublicSupportTotal170Amt03001123
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0792194
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0681182
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0361157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0403305
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0763285
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03001123
IRS990ScheduleA/TotalSupportAmt09594028
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.46000
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt053739191
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01192826
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt063624688
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09551120
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0858449
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt045702095
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01722783
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt053739191
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08006134
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01691821
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt048802424
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0580023
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt045702095
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1474308
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02206044
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt058271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt041603312
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01115140
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt048802424
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011305904
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt05163661
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt069479
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt036141758
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01226524
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt041603312
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04620268
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0315759
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02053822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.24000
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION OWNS A MUSEUM WITH COLLECTIONS OF PAINTINGS, CASTES, STATUARY, ARTIFACTS AND VARIOUS OTHER ITEMS. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURHCASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE MUSEUM DISPLAYS AND INTERPRETS THE BEST EXAMPLES OF FINE AND DECORATIVE ART, REPRESENTING A BROAD RANGE OF WORLD CULTURES OF THE AMERICAS, ASIA, EUROPE, AND AFRICA. THE COLLECTIONS INCLUDE 18TH-20TH CENTURY AMERICAN PAINTINGS AND DECORATIVE ARTS, 17TH-19TH CENTURY EUROPEAN PAINTINGS AND DECORATIVE ARTS, AFRICAN AND OCEANIC SCULPTURES, NATIVE AMERICAN OBJECTS, AND A PLASTER CASTE COLLECTION OF EGYPTIAN, ARCHAIC, GREEK, ROMAN AND RENAISSANCE SCULPTURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ENDOWMENT IS USED FOR STUDENT SCHOLARSHIPS AS WELL AS FOR SUPPORT OF PROGRAMS, A MUSEUM AND FACILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.30000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02053822
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt028341
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10NORWICH FREE ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0060762783
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10305 BROADWAY
IRS990ScheduleI/RecipientTable/USAddress/City0NORWICH
IRS990ScheduleI/RecipientTable/USAddress/State0CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode006360
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY MANAGEMENT AND DISCUSSED AT A BOARD MEETING AFTER THE RETURN HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER AND KEY EMPLOYEE RECEIVES THE POLICY ON AN ANNUAL BASIS. THEY ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT THAT THEY UNDERSTAND AND HAVE COMPILED. ANY RELATIONSHIP MUST BE DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE SECRETARY OF THE STATE OFFICE. FINANCIAL STATEMENTS ARE PROVIDED TO THE CITY OF NORWICH, CHEFA, MOODY'S AND STANDARD & POORS. POLICIES CAN BE MADE AVAILABLE TO ANYONE REQUESTING THEM. FORM 990 IS AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST OR THROUGH IRS WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FOR THE OVERSIGHT PROCESS OR SELECTIONS PROCESS DURING THE TAX YEAR.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$92.3$4.31$88.0$4.60$3.94$0.66
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.8$4.30$81.5$5.51$3.87$1.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.2$4.36$75.8$3.73$3.83$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.1$4.31$72.8$5.42$14.6$9.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.9$3.72$93.2$4.78$5.56$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.4$3.68$75.7$3.79$3.94$0.15
2019Detailed filing. Detailed filing data is available for this year.$80.6$3.15$77.5$3.26$3.67$0.41
2018Detailed filing. Detailed filing data is available for this year.$79.0$2.65$76.3$5.82$2.33$3.50
2017Detailed filing. Detailed filing data is available for this year.$75.5$2.94$72.6$3.23$2.75$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.2$3.12$66.1$3.10$3.26$0.15
2015Detailed filing. Detailed filing data is available for this year.$73.6$3.14$70.5$4.30$2.65$1.65
2014Detailed filing. Detailed filing data is available for this year.$73.8$2.11$71.7$3.10$1.01$2.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.9$3.07$61.8$2.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.1$2.31$55.8$2.25
2011Summary only. Only limited summary data is available for this year.$61.2$1.74$59.4$2.33$5.70$3.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.2$1.49$52.7$1.22