Civic Intelligence

The Ccsu Foundation Inc

990 • Fiscal year 2023 • EIN 23-7354328

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2023

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

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.39x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$381,173

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

52nd percentile

6.6%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$96,202,485

Up $5,946,174 (+6.6%) from 2022

Net Assets

Up

$93,901,944

Up $4,350,185 (+4.9%) from 2022

Liabilities

Up

$2,300,541

Up $1,595,989 (+227%) from 2022

Revenue

Down

$5,874,789

Down $5,850,673 (-50%) from 2022

Expenses

Up

$5,669,764

Up $217,862 (+4.0%) from 2022

Net Income

Down

$205,025

Down $6,068,535 (-97%) from 2022

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

2023

Assets$96,202,485
Liabilities$2,300,541
Net Assets$93,901,944

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

2023

Revenue$5,874,789
Expenses$5,669,764
Net Income$205,025
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$30,726,360
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$86,160,045$92,017,598▲ $5,857,553
Cash and Non-Interest-Bearing Accounts$2,572,157$2,659,939▲ $87,782
Pledges and Grants Receivable$501,880$490,209▼ $11,671
Land, Buildings, and Equipment, Net$183,876$183,876→ $0
Prepaid Expenses and Deferred Charges$56,165$37,860▼ $18,305
Savings and Temporary Cash Investments$868$868→ $0
Total Assets$90,256,311$96,202,485▲ $5,946,174
Other Assets Total$781,320$812,135▲ $30,815
Liabilities
Accounts Payable and Accrued Expenses$614,207$2,203,500▲ $1,589,293
Other Liabilities$90,345$97,041▲ $6,696
Total Liabilities$704,552$2,300,541▲ $1,595,989
Net Assets / Fund Balance
Net Assets With Donor Restrictions$87,146,142$91,680,433▲ $4,534,291
Net Assets Without Donor Restrictions$2,405,617$2,221,511▼ $184,106
Total Net Assets Fund Balance$89,551,759$93,901,944▲ $4,350,185
Total Liabilities and Net Assets / Fund Balance$90,256,311$96,202,485▲ $5,946,174

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$82,059,761$1,018,747▲ $6,177,579$91,618$86,115,648
2021$89,058,029$3,655,989▼ $7,821,855$18,147$82,059,761
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ululy MartinezChair
Waldermar KostrzewaPast Chair
Richard D DonovanVice Chair
Anabelle Diaz-santiagoDirector
Anthony S TorsielloDirector
Charles Jones JrDirector
Curtis WigginsDirector
James NealyDirector
Janet NahorneyDirector
Joseph Matthew JrDirector
Kristine LarsenDirector
Lisa a FuttnerDirector
Marc LennonDirector
Maria FalvoDirector
Michael ShippamInterim Executive Director 4/23
Richard SpadaOutgoing Director
George ClaffeyOutgoing Executive Director
Brendan ConryOutgoing Treasurer
Rachel MuliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,563,176
Program Service Revenue
$426,533
Investment Income
$2,882,452
Other Revenue
$2,628
All Other Contributions
$2,507,724
Change in Net Assets
$205,025

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 Traded3$61,291Fair Market Value (FMV)
Total Noncash Contributions3$61,291-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,498,164
Revenue Not Reported on Financial Statements
$376,625
Revenue Not Reported on Form 990
$5,969,937
Other Revenue Adjustments
$-71,410
Total Revenue per Audited Statements
$11,468,101
Total Revenue per Form 990
$5,874,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,108,244
Other Expenses$1,466,210
Salaries, Compensation, and Employee Benefits$95,310
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,972,824--$2,972,824
Grants to Domestic Orgs$1,135,420--$1,135,420
Fees for Service Investment Mgmnt Fees-$448,035-$448,035
Fees for Services Accounting-$203,810-$203,810
Fees for Services Legal-$143,153-$143,153
Travel$97,090$33,982-$131,072
Other Salaries and Wages-$95,310-$95,310
Other Expenses$12,521$24,779-$37,300
Office Expenses-$33,930-$33,930
All Other Expenses$24,273--$24,273
Fees for Services Other-$17,434-$17,434
Insurance$620$12,268-$12,888
Advertising$1,357$3,000-$4,357
Total Functional Expenses$4,581,606$1,088,158$0$5,669,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,117,916
Total Expenses per Form 990$5,669,764
Expenses per Audited Statements$5,221,729
Expenses Not Reported on Form 990$1,896,187
Expenses Not Reported on Financial Statements$448,035
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Ct State UniversityNew Britain, CT501(c)(3)Support Ccsu Programs$988,460
University of ConnecticutStorrs, CT501(c)(3)Education$95,888
Ccsu Alumni AssociationNew Britain, CT501(c)(3)Support Ccsu Programs$51,072
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,223
Fundraising Direct Expenses$40,595
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$47,120$19,270$1,085$18,185
Hot Stove$33,570$16,878-$16,878
Total Events$98,675$43,223$40,595$2,628
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$97,041
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization engaged ari accounting and human resources for financial services.

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
Jennifer Destefani
Title
Executive Director
Phone
8608320711
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Destefani
Formed
1974
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
45

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of third party trusts 30,815.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal income taxes under subcategory of 509(a)(3) of the provisions of internal revenue code section 501(c)(3). However, certain operations of the foundation may qualify as unrelated business taxable income and to the extent that these operations generate income, they will be subject to federal and state taxes. Management has analyzed the tax positions taken by the foundation and has concluded that, as of june 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The foundation's federal and state informational returns prior to fiscal year 2020 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, 2023. 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.

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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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5214934
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2OUTGOING TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5OUTGOING EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13INTERIM EXECUTIVE DIRECTOR 4/23
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PAST CHAIR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt055452
IRS990/FundraisingDirectExpensesAmt040595
IRS990/FundraisingGrossIncomeAmt043223
IRS990/GainOrLossGrp/SecuritiesAmt0-1505400
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt03211018
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02972824
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02972824
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01135420
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01135420
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023305576
IRS990/GrossReceiptsAmt030726360
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012268
IRS990/InsuranceGrp/ProgramServicesAmt0620
IRS990/InsuranceGrp/TotalAmt012888
IRS990/InvestmentIncomeGrp/ExclusionAmt04387852
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04387852
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt086160045
IRS990/InvestmentsPubTradedSecGrp/EOYAmt092017598
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0183876
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0183876
IRS990/LandBldgEquipCostOrOtherBssAmt0183876
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt024810976
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/NetAssetsOrFundBalancesBOYAmt089551759
IRS990/NetAssetsOrFundBalancesEOYAmt093901944
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1505400
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1505400
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02628
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02628
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04114345
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02405617
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02221511
IRS990/NoncashContributionsAmt061291
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt033930
IRS990/OfficeExpensesGrp/TotalAmt033930
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0781320
IRS990/OtherAssetsTotalGrp/EOYAmt0812135
IRS990/OtherChangesInNetAssetsAmt030815
IRS990/OtherExpensesGrp/Desc0SUPPLIES & EQUIPMENT
IRS990/OtherExpensesGrp/Desc1STIPENDS AND CONTRACT S
IRS990/OtherExpensesGrp/Desc2SUBSCRIPTIONS AND SOFTW
IRS990/OtherExpensesGrp/Desc3MEMBER PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07084
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt263873
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt324779
IRS990/OtherExpensesGrp/ProgramServicesAmt0160866
IRS990/OtherExpensesGrp/ProgramServicesAmt1140224
IRS990/OtherExpensesGrp/ProgramServicesAmt236411
IRS990/OtherExpensesGrp/ProgramServicesAmt312521
IRS990/OtherExpensesGrp/TotalAmt0167950
IRS990/OtherExpensesGrp/TotalAmt1141724
IRS990/OtherExpensesGrp/TotalAmt2100284
IRS990/OtherExpensesGrp/TotalAmt337300
IRS990/OtherLiabilitiesGrp/BOYAmt090345
IRS990/OtherLiabilitiesGrp/EOYAmt097041
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095310
IRS990/OtherSalariesAndWagesGrp/TotalAmt095310
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0501880
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0490209
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056165
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037860
IRS990/PrincipalOfficerNm0JENNIFER DESTEFANI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0426533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0426533
IRS990/ProgSrvcAccomActy2Grp/Desc0AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0473915
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0250497
IRS990/ProgSrvcAccomActy3Grp/Desc0ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0713392
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0625835
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt053590
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt020894
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0426533
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03506217
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03945489
IRS990/PYInvestmentIncomeAmt08078259
IRS990/PYOtherExpensesAmt01318363
IRS990/PYOtherRevenueAmt05536
IRS990/PYProgramServiceRevenueAmt0135450
IRS990/PYRevenuesLessExpensesAmt06273560
IRS990/PYSalariesCompEmpBnftPaidAmt0188050
IRS990/PYTotalExpensesAmt05451902
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011725462
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0205025
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0868
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/ExplanationTxt0THE 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/ExplanationTxt1THE UNIVERSITY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF ASSETS AND INCOME.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ALL ACTIVITIES OF THE FOUNDATION SUPPORT THE UNIVERSITY. WITHOUT THE SUPPORT, ACTIVITIES WOULDN'T EXIST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990 SCHEDULE A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A SECTION D
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE A SECTION E
IRS990ScheduleA/OtherSupportSumAmt00

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