Civic Intelligence

The Ccsu Foundation Inc

990 • Fiscal year 2021 • EIN 23-7354328

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

P O Box 612New Britain, CT 06050

(860) 832-0711

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

12th percentile

0.04x

Higher debt load relative to revenue than 12% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

86th percentile

52%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$102,628

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

70%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$99,811,824

Up $18,637,713 (+23%) from 2020

Net Assets

Up

$99,442,849

Up $18,767,560 (+23%) from 2020

Liabilities

Down

$368,975

Down $129,847 (-26%) from 2020

Revenue

Up

$8,584,903

Up $3,531,102 (+70%) from 2020

Expenses

Up

$4,118,275

Up $9,928 (+0.2%) from 2020

Net Income

Up

$4,466,628

Up $3,521,174 (+372%) from 2020

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $38,454,880Liabilities 2011: $172,267Net Assets 2011: $38,282,6132011Assets 2012: $43,034,780Liabilities 2012: $189,515Net Assets 2012: $42,845,2652012Assets 2013: $48,245,633Liabilities 2013: $525,364Net Assets 2013: $47,720,2692013Assets 2014: $61,458,289Liabilities 2014: $661,068Net Assets 2014: $60,797,2212014Assets 2015: $62,654,220Liabilities 2015: $274,818Net Assets 2015: $62,379,4022015Assets 2016: $62,749,443Liabilities 2016: $275,999Net Assets 2016: $62,473,4442016Assets 2017: $71,236,005Liabilities 2017: $527,851Net Assets 2017: $70,708,1542017Assets 2018: $77,657,474Liabilities 2018: $668,076Net Assets 2018: $76,989,3982018Assets 2019: $81,770,188Liabilities 2019: $614,005Net Assets 2019: $81,156,1832019Assets 2020: $81,174,111Liabilities 2020: $498,822Net Assets 2020: $80,675,2892020Assets 2021: $99,811,824Liabilities 2021: $368,975Net Assets 2021: $99,442,8492021Assets 2022: $90,256,311Liabilities 2022: $704,552Net Assets 2022: $89,551,7592022Assets 2023: $96,202,485Liabilities 2023: $2,300,541Net Assets 2023: $93,901,9442023Assets 2024: $102,355,827Liabilities 2024: $1,891,739Net Assets 2024: $100,464,0882024Assets 2025: $110,056,247Liabilities 2025: $478,611Net Assets 2025: $109,577,6362025

Highlighted filing

2021

Assets$99,811,824
Liabilities$368,975
Net Assets$99,442,849

Operations Trend

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

$15M$10M$5.0M$0Expenses 2011: $1,724,0212011Expenses 2012: $2,137,9872012Expenses 2013: $3,218,7072013Revenue 2014: $12,571,466Expenses 2014: $2,981,064Net Income 2014: $9,590,4022014Revenue 2015: $8,122,915Expenses 2015: $3,017,270Net Income 2015: $5,105,6452015Revenue 2016: $7,160,511Expenses 2016: $3,541,510Net Income 2016: $3,619,0012016Revenue 2017: $5,841,045Expenses 2017: $3,563,695Net Income 2017: $2,277,3502017Revenue 2018: $9,763,025Expenses 2018: $4,332,463Net Income 2018: $5,430,5622018Revenue 2019: $11,041,890Expenses 2019: $4,588,247Net Income 2019: $6,453,6432019Revenue 2020: $5,053,801Expenses 2020: $4,108,347Net Income 2020: $945,4542020Revenue 2021: $8,584,903Expenses 2021: $4,118,275Net Income 2021: $4,466,6282021Revenue 2022: $11,725,462Expenses 2022: $5,451,902Net Income 2022: $6,273,5602022Revenue 2023: $5,874,789Expenses 2023: $5,669,764Net Income 2023: $205,0252023Revenue 2024: $7,649,091Expenses 2024: $5,008,544Net Income 2024: $2,640,5472024Revenue 2025: $12,702,767Expenses 2025: $5,899,163Net Income 2025: $6,803,6042025

Highlighted filing

2021

Revenue$8,584,903
Expenses$4,118,275
Net Income$4,466,628
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$46,490,986
Mission and Program Overview

Mission

The ccsu foundation, inc. Was created in 1971, at the request of the university, as a vehicle to obtain private contributions to support educational programs and research at central connecticut state university.

Supplementing education at central connecticut state university (ccsu)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$75,825,455$95,345,744▲ $19,520,289
Pledges and Grants Receivable$3,184,408$3,064,886▼ $119,522
Cash and Non-Interest-Bearing Accounts$240,657$352,217▲ $111,560
Land, Buildings, and Equipment, Net$183,876$183,876→ $0
Prepaid Expenses and Deferred Charges$1,525$3,302▲ $1,777
Savings and Temporary Cash Investments$1,000,718$786▼ $999,932
Total Assets$81,174,111$99,811,824▲ $18,637,713
Other Assets Total$737,472$861,013▲ $123,541
Liabilities
Accounts Payable and Accrued Expenses$418,861$269,890▼ $148,971
Other Liabilities$79,961$99,085▲ $19,124
Total Liabilities$498,822$368,975▼ $129,847
Net Assets / Fund Balance
Net Assets With Donor Restrictions$78,791,519$97,023,004▲ $18,231,485
Net Assets Without Donor Restrictions$1,883,770$2,419,845▲ $536,075
Total Net Assets Fund Balance$80,675,289$99,442,849▲ $18,767,560
Total Liabilities and Net Assets / Fund Balance$81,174,111$99,811,824▲ $18,637,713

Asset Categories

AssetBook ValueDepreciationBasis
Land$183,876-$183,876

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$72,001,822$1,690,719▲ $17,831,096$268,013$89,058,029
2019$67,198,144$1,049,028▲ $993,713$491,784$72,001,822
2018$75,457,264$2,870,551▲ $3,183,937$808,380$67,198,144
2017$69,404,680$5,458,704▲ $4,889,740$764,096$75,457,264
2016$61,461,334$3,956,133▲ $7,608,960$625,804$69,394,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sue CollinsOutgoing DirectorPT$102,628$102,628

Board Members and Trustees

NameTitle
Waldermar KostrzewaChair
Richard DonovanVice Chair
Anabelle Diaz-santiagoDirector
Anthony TorsielloDirector
Charles Jones JrDirector
Curtis WigginsDirector
James NealyDirector
Joseph Matthew JrDirector
Kathleen GreiderDirector
Kristine LarsenDirector
Lisa FuttnerDirector
Marc LennonDirector
Rachel MuliDirector
Richard SpadaDirector
Ululy MartinezDirector
George ClaffeyExecutive Director/interim VP Ia 1/21
Michael TomassoOutgoing Director
Brendan ConryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,109,966
Program Service Revenue
$50,811
Investment Income
$5,381,965
Other Revenue
$42,161
All Other Contributions
$3,109,966
Change in Net Assets
$4,466,628

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$32,466Fair Market Value (FMV)
Total Noncash Contributions4$32,466-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,179,329
Revenue Not Reported on Financial Statements
$405,574
Revenue Not Reported on Form 990
$15,934,213
Total Revenue per Audited Statements
$24,113,542
Total Revenue per Form 990
$8,584,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,067,675
Other Expenses$831,761
Salaries, Compensation, and Employee Benefits$218,839
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,197,595--$2,197,595
Grants to Domestic Orgs$870,080--$870,080
Fees for Service Investment Mgmnt Fees-$405,574-$405,574
Other Salaries and Wages-$200,798-$200,798
Travel$49,374$112-$49,486
Office Expenses-$29,514-$29,514
Fees for Services Accounting-$28,680-$28,680
Fees for Services Legal$2,900$22,070-$24,970
Payroll Taxes-$18,041-$18,041
Other Expenses$2,405$10,626-$13,031
Advertising$6,768$1,658-$8,426
Insurance-$6,376-$6,376
Total Functional Expenses$3,338,168$780,107$0$4,118,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,345,982
Total Expenses per Form 990$4,118,276
Expenses per Audited Statements$3,712,702
Expenses Not Reported on Form 990$1,633,280
Expenses Not Reported on Financial Statements$405,574
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Ct State UniversityNew Britian, CT501(c)(3)Support Ccsu Programs$870,080
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
Class Accounts$99,085
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 A, Line 4

In 2021, the ccsu foundation amended and restated its certificate of incorporation and bylaws. The material changes implemented compliance with the connecticut revised nonstock corporation act, conn. Gen. Stat. Sec. 4-37f(4), and good governance practices. The amendments did not alter the foundation's tax-exempt purposes or mission. The amendments set the range of the elected members of the board of directors as between 10-30 members; clarified the minimum percentage of former students who should serve on the board; identified and delineated the role and scope of the ex-officio directors; and provided for three-year staggered terms for elected director to ensure board continuity. The amendments outlined and described the role and primary duties of the standing committees of the board (executive, nominating and governance, development, finance, audit, and investment). The amendments clarified the administrative authority of the executive director to conduct the foundation's regular business.

Form 990, Part VI, Section A, Line 7A

Organizations and individuals within the university have the authority to appoint specific ex-officio positions to the board.

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

Distributed to finance committee of board of directors for review and approval and submitted to board of directors for review prior to filing with irs.

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

The governing body is required to review the conflicts of interest policy and disclose any conflicts of interest. This is done on an annual basis. A conflicts of interest disclosure statement is signed by each member annualy and retained by ccsu foundation, inc.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation the audited financial statements, form 990 and bylaws are made available to the public online. Any other documents such as the conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Ccsu Foundation Inc
EIN
23-7354328
Phone
8608320711
Address
P O BOX 612, NEW BRITAIN, CT 06050

Signing Officer

Name
George Claffey
Title
Executive Director
Phone
8608320711
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Claffey
Formed
1974
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
50

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Patricia Mcgowan
Phone
9592007000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of third party trusts 112,858.

Financial Statement Notes

PART X, LINE 2:

The foundation's federal and state informational returns prior to fiscal year 2018 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The foundation has no unrecognized tax benefits at june 30, 2021. If the foundation had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statement of financial position.

Form 990 Schedule D Endowment Part V

A reclassification amount was flowed through administrative expenses line for 2019 and 2020 in order to allign the 990 with the ending balance of the endowment fund per the financial statement endowment footnote.

Raw XML AppendixShowing 400 of 651 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/ReportableCompFromRltdOrgAmt1685494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR/INTERIM VP IA 1/21
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02778348
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt087673
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02197595
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02197595
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0870080
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0870080
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt040684431
IRS990/GrossReceiptsAmt046490986
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06376
IRS990/InsuranceGrp/TotalAmt06376
IRS990/InvestmentIncomeGrp/ExclusionAmt02603617
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02603617
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt075825455
IRS990/InvestmentsPubTradedSecGrp/EOYAmt095345744
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0183876
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0183876
IRS990/LandBldgEquipCostOrOtherBssAmt0183876
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt037906083
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPLEMENTING EDUCATION AT CENTRAL CONNECTICUT STATE UNIVERSITY (CCSU)
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt080675289
IRS990/NetAssetsOrFundBalancesEOYAmt099442849
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02778348
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02778348
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt014188075
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01883770
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02419845
IRS990/NoncashContributionsAmt032466
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029514
IRS990/OfficeExpensesGrp/TotalAmt029514
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0737472
IRS990/OtherAssetsTotalGrp/EOYAmt0861013
IRS990/OtherChangesInNetAssetsAmt0112858
IRS990/OtherExpensesGrp/Desc0STIPEND/HONORARIA
IRS990/OtherExpensesGrp/Desc1SUPPLIES & EQUIPMENT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04079
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt146603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310626
IRS990/OtherExpensesGrp/ProgramServicesAmt0122121
IRS990/OtherExpensesGrp/ProgramServicesAmt173415
IRS990/OtherExpensesGrp/ProgramServicesAmt213510
IRS990/OtherExpensesGrp/ProgramServicesAmt32405
IRS990/OtherExpensesGrp/TotalAmt0126200
IRS990/OtherExpensesGrp/TotalAmt1120018
IRS990/OtherExpensesGrp/TotalAmt219486
IRS990/OtherExpensesGrp/TotalAmt313031
IRS990/OtherLiabilitiesGrp/BOYAmt079961
IRS990/OtherLiabilitiesGrp/EOYAmt099085
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBTS RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt041600
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1561
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1561
IRS990/OtherRevenueTotalAmt042161
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0200798
IRS990/OtherSalariesAndWagesGrp/TotalAmt0200798
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018041
IRS990/PayrollTaxesGrp/TotalAmt018041
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03184408
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03064886
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01525
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03302
IRS990/PrincipalOfficerNm0GEORGE CLAFFEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050811
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02423558
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02316046
IRS990/ProgSrvcAccomActy3Grp/Desc0AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0384546
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0262973
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER ACCOMPLISHMENT: ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0434832
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0400983
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02534105
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03105514
IRS990/PYInvestmentIncomeAmt02354769
IRS990/PYOtherExpensesAmt0923440
IRS990/PYOtherRevenueAmt056059
IRS990/PYProgramServiceRevenueAmt0108868
IRS990/PYRevenuesLessExpensesAmt0945454
IRS990/PYSalariesCompEmpBnftPaidAmt079393
IRS990/PYTotalExpensesAmt04108347
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05053801
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04466628
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt092972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01000718
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0786
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2018 AMOUNT: $ 105,397. 2019 AMOUNT: $ 56,059. 2020 AMOUNT: $ 155,016. FUNDRAISING EVENT - 2016 AMOUNT: $ 71,376. 2017 AMOUNT: $ 95,273. 2018 AMOUNT: $ 47,291.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION WAS FORMED FOR THE PURPOSE OF SUPPLEMENTING INSTITUTIONAL ENRICHMENT, STUDENT SUPPORT UNIVERSITY PROGRAMS AND ACADEMIC ENRICHMENT OF CENTRAL CT STATE UNIVERSITY. IN COLLABORATION WITH THE UNIVERSITY, THE FOUNDATION SOLICITS DONATIONS OF MONIES, SECURITIES OR PROPERTIES, AND ACTS AS CUSTODIAN FOR FUNDS AND PROPERTY RECEIVED. THE FOUNDATION THEN DISBURSES SUCH FUNDS, PROPERTY, OR THE INCOME THEREFROM IN AIDING, SUPPLEMENTING, IMPROVING, AND ENLARGING THE EDUCATIONAL, CULTURAL AND RESEARCH FACILITIES AND ACTIVITIES OF THE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE UNIVERSITY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF ASSETS AND INCOME.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3ALL ACTIVITIES OF THE FOUNDATION SUPPORT THE UNIVERSITY. WITHOUT THE SUPPORT ACTIVITIES WOULDN'T EXIST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990 SCHEDULE A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE A SECTION D
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3SCHEDULE A SECTION E
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$110$0.48$110$12.7$5.90$6.80
2024Detailed filing. Detailed filing data is available for this year.$102$1.89$100$7.65$5.01$2.64
2023Detailed filing. Detailed filing data is available for this year.$96.2$2.30$93.9$5.87$5.67$0.21
2022Detailed filing. Detailed filing data is available for this year.$90.3$0.70$89.6$11.7$5.45$6.27
2021Detailed filing. Detailed filing data is available for this year.$99.8$0.37$99.4$8.58$4.12$4.47
2020Detailed filing. Detailed filing data is available for this year.$81.2$0.50$80.7$5.05$4.11$0.95
2019Detailed filing. Detailed filing data is available for this year.$81.8$0.61$81.2$11.0$4.59$6.45
2018Detailed filing. Detailed filing data is available for this year.$77.7$0.67$77.0$9.76$4.33$5.43
2017Detailed filing. Detailed filing data is available for this year.$71.2$0.53$70.7$5.84$3.56$2.28
2016Detailed filing. Detailed filing data is available for this year.$62.7$0.28$62.5$7.16$3.54$3.62
2015Detailed filing. Detailed filing data is available for this year.$62.7$0.27$62.4$8.12$3.02$5.11
2014Detailed filing. Detailed filing data is available for this year.$61.5$0.66$60.8$12.6$2.98$9.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.2$0.53$47.7$3.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.0$0.19$42.8$2.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.5$0.17$38.3$1.72