Civic Intelligence

The Ccsu Foundation Inc

990 • Fiscal year 2024 • EIN 23-7354328

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 20, 2024

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

14th percentile

0.02x

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

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.25x

Higher debt load relative to revenue than 34% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$50,085

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

50th percentile

6.4%

Faster asset growth than 50% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

30%

Faster revenue growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$102,355,827

Up $6,153,342 (+6.4%) from 2023

Net Assets

Up

$100,464,088

Up $6,562,144 (+7.0%) from 2023

Liabilities

Down

$1,891,739

Down $408,802 (-18%) from 2023

Revenue

Up

$7,649,091

Up $1,774,302 (+30%) from 2023

Expenses

Down

$5,008,544

Down $661,220 (-12%) from 2023

Net Income

Up

$2,640,547

Up $2,435,522 (+1188%) from 2023

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

2024

Assets$102,355,827
Liabilities$1,891,739
Net Assets$100,464,088

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

2024

Revenue$7,649,091
Expenses$5,008,544
Net Income$2,640,547
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 20, 2024
Return Version
2023v5.1
Gross Receipts
$20,653,942
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$92,017,598$97,135,679▲ $5,118,081
Cash and Non-Interest-Bearing Accounts$2,659,939$1,883,310▼ $776,629
Savings and Temporary Cash Investments$868$1,041,665▲ $1,040,797
Pledges and Grants Receivable$490,209$875,324▲ $385,115
Land, Buildings, and Equipment, Net$183,876$532,266▲ $348,390
Prepaid Expenses and Deferred Charges$37,860$6,299▼ $31,561
Total Assets$96,202,485$102,355,827▲ $6,153,342
Other Assets Total$812,135$881,284▲ $69,149
Liabilities
Accounts Payable and Accrued Expenses$2,203,500$1,785,596▼ $417,904
Other Liabilities$97,041$106,143▲ $9,102
Total Liabilities$2,300,541$1,891,739▼ $408,802
Net Assets / Fund Balance
Net Assets With Donor Restrictions$91,680,433$98,085,058▲ $6,404,625
Net Assets Without Donor Restrictions$2,221,511$2,379,030▲ $157,519
Total Net Assets Fund Balance$93,901,944$100,464,088▲ $6,562,144
Total Liabilities and Net Assets / Fund Balance$96,202,485$102,355,827▲ $6,153,342

Asset Categories

AssetBook ValueDepreciationBasis
Land$532,266-$532,266

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$86,115,648$623,903▲ $7,495,024$193,902$91,442,693
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
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jennifer DestefaniInterim Excutive Director$50,085$50,085

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
Maria FalvoDirector
Richard SpadaDirector
Marc LennonOutgoing Director
Michael ShippamOutgoing Executive Director
Rachel MuliTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shipman & Goodwin LLPLegal ConsultationONE CONSTITUTION PLAZA, Hartford, CT 06103$120,140
Revenue and Support

Revenue Composition

Contributions and Grants
$2,275,221
Program Service Revenue
$175,513
Investment Income
$5,198,359
Other Revenue
$-2
All Other Contributions
$2,198,814
Change in Net Assets
$2,640,547

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$29,854Fwv
Total Noncash Contributions3$29,854-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,277,115
Revenue Not Reported on Financial Statements
$371,976
Revenue Not Reported on Form 990
$5,613,782
Other Revenue Adjustments
$-65,782
Total Revenue per Audited Statements
$12,890,897
Total Revenue per Form 990
$7,649,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,370,925
Other Expenses$1,586,705
Salaries, Compensation, and Employee Benefits$50,914
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,581,606--$2,581,606
Grants to Domestic Orgs$789,319--$789,319
Fees for Service Investment Mgmnt Fees-$437,758-$437,758
Travel$161,146$42,780-$203,926
Fees for Services Accounting-$203,810-$203,810
Fees for Services Other$88,933$82,991-$171,924
Fees for Services Legal$93,418--$93,418
Other Salaries and Wages-$50,914-$50,914
All Other Expenses$41,508--$41,508
Other Expenses$13,904$14,005-$27,909
Office Expenses-$25,678-$25,678
Advertising$10,253$2,954-$13,207
Insurance$916$8,701-$9,617
Total Functional Expenses$4,060,079$948,465$0$5,008,544

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,328,752
Total Expenses per Form 990$5,008,543
Expenses per Audited Statements$4,570,785
Expenses Not Reported on Form 990$1,757,967
Expenses Not Reported on Financial Statements$437,758
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Ct State UniversityNew Britain, CT501(c)(3)Support Ccsu Programs$789,319
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,876
Fundraising Gross Income$25,874
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$59,535$20,784-$20,784
Wine Tasting$13,995$5,090-$5,090
Total Events$73,530$25,874$25,876$-2
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$106,143
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 alacarte-solutions for 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
2024-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Destefani
Formed
1974
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
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 39,906.

Financial Statement Notes

PART X, LINE 2:

Management has analyzed the tax positions taken by the foundation and has concluded that, as of june 30, 2024, 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 2021 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, 2024. 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 657 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02203500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01785596
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02954
IRS990/AdvertisingGrp/ProgramServicesAmt010253
IRS990/AdvertisingGrp/TotalAmt013207
IRS990/AllOtherContributionsAmt02198814
IRS990/AllOtherExpensesGrp/ProgramServicesAmt041508
IRS990/AllOtherExpensesGrp/TotalAmt041508
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0BEKKA PODGORSKI
IRS990/BooksInCareOfDetail/PhoneNum08608320711
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 612
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW BRITAIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006050
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02659939
IRS990/CashNonInterestBearingGrp/EOYAmt01883310
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd01
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0120140
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0ONE CONSTITUTION PLAZA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HARTFORD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd006103
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SHIPMAN & GOODWIN LLP
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL CONSULTATION
IRS990/ContriRptFundraisingEventAmt047656
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02275221
IRS990/CYGrantsAndSimilarPaidAmt03370925
IRS990/CYInvestmentIncomeAmt05198359
IRS990/CYOtherExpensesAmt01586705
IRS990/CYOtherRevenueAmt0-2
IRS990/CYProgramServiceRevenueAmt0175513
IRS990/CYRevenuesLessExpensesAmt02640547
IRS990/CYSalariesCompEmpBnftPaidAmt050914
IRS990/CYTotalExpensesAmt05008544
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07649091
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt091680433
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt098085058
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02410440
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0203810
IRS990/FeesForServicesAccountingGrp/TotalAmt0203810
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt093418
IRS990/FeesForServicesLegalGrp/TotalAmt093418
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt082991
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt088933
IRS990/FeesForServicesOtherGrp/TotalAmt0171924
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0437758
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0437758
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt036.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt136.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt154.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt164.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt158933
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0ANABELLE DIAZ-SANTIAGO
IRS990/Form990PartVIISectionAGrp/PersonNm1ANTHONY S TORSIELLO
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES JONES JR
IRS990/Form990PartVIISectionAGrp/PersonNm3CURTIS WIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES NEALY
IRS990/Form990PartVIISectionAGrp/PersonNm5JANET NAHORNEY
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH MATTHEW JR
IRS990/Form990PartVIISectionAGrp/PersonNm7KRISTINE LARSEN
IRS990/Form990PartVIISectionAGrp/PersonNm8MARC LENNON
IRS990/Form990PartVIISectionAGrp/PersonNm9MARIA FALVO
IRS990/Form990PartVIISectionAGrp/PersonNm10RACHEL MULI
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD D DONOVAN
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD SPADA
IRS990/Form990PartVIISectionAGrp/PersonNm13ULULY MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm14WALDERMAR KOSTRZEWA
IRS990/Form990PartVIISectionAGrp/PersonNm15JENNIFER DESTEFANI
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL SHIPPAM
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/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/ReportableCompFromRltdOrgAmt1541152
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15INTERIM EXCUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16OUTGOING EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt047656
IRS990/FundraisingDirectExpensesAmt025876
IRS990/FundraisingGrossIncomeAmt025874
IRS990/GainOrLossGrp/SecuritiesAmt0881696
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt028751
IRS990/GrantAmt02359392
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02581606
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02581606
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0789319
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0789319
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt013860671
IRS990/GrossReceiptsAmt020653942
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08701
IRS990/InsuranceGrp/ProgramServicesAmt0916
IRS990/InsuranceGrp/TotalAmt09617
IRS990/InvestmentIncomeGrp/ExclusionAmt04316663
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04316663
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt092017598
IRS990/InvestmentsPubTradedSecGrp/EOYAmt097135679
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0183876
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0532266
IRS990/LandBldgEquipCostOrOtherBssAmt0532266
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012978975
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt093901944
IRS990/NetAssetsOrFundBalancesEOYAmt0100464088
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0881696
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0881696
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-2
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-2
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03881691
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02221511
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02379030
IRS990/NoncashContributionsAmt029854
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025678
IRS990/OfficeExpensesGrp/TotalAmt025678
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0812135
IRS990/OtherAssetsTotalGrp/EOYAmt0881284
IRS990/OtherChangesInNetAssetsAmt039906
IRS990/OtherExpensesGrp/Desc0SUPPLIES & EQUIPMENT
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS AND SOFTW
IRS990/OtherExpensesGrp/Desc2STIPENDS AND CONTRACT S
IRS990/OtherExpensesGrp/Desc3MEMBER PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012102
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153634
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt314005
IRS990/OtherExpensesGrp/ProgramServicesAmt0189684
IRS990/OtherExpensesGrp/ProgramServicesAmt153642
IRS990/OtherExpensesGrp/ProgramServicesAmt235750
IRS990/OtherExpensesGrp/ProgramServicesAmt313904
IRS990/OtherExpensesGrp/TotalAmt0201786
IRS990/OtherExpensesGrp/TotalAmt1107276
IRS990/OtherExpensesGrp/TotalAmt248888
IRS990/OtherExpensesGrp/TotalAmt327909
IRS990/OtherLiabilitiesGrp/BOYAmt097041
IRS990/OtherLiabilitiesGrp/EOYAmt0106143
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050914
IRS990/OtherSalariesAndWagesGrp/TotalAmt050914
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0490209
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0875324
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037860
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06299
IRS990/PrincipalOfficerNm0JENNIFER DESTEFANI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175513
IRS990/ProgSrvcAccomActy2Grp/Desc0AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01026951
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0718441
IRS990/ProgSrvcAccomActy3Grp/Desc0ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0468250
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0226041
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0154438
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt067051
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0175513
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02563176
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt04108244
IRS990/PYInvestmentIncomeAmt02882452
IRS990/PYOtherExpensesAmt01466210
IRS990/PYOtherRevenueAmt02628
IRS990/PYProgramServiceRevenueAmt0426533
IRS990/PYRevenuesLessExpensesAmt0205025
IRS990/PYSalariesCompEmpBnftPaidAmt095310
IRS990/PYTotalExpensesAmt05669764
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05874789
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02640547
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01041665
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2019 AMOUNT: $ 56,059. 2020 AMOUNT: $ 42,161.
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/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990 SCHEDULE A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02275221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02563176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03506217
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03109966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02534105
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013988685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04316663
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04387852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08057093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02603617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01627902
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020993127
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0897175
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt042161
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt056059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt098220
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39870
IRS990ScheduleA/PublicSupportPY170Pct00.47470
IRS990ScheduleA/PublicSupportTotal170Amt013988685
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02275221
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02563176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03506217
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03109966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02534105
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013988685
IRS990ScheduleA/TotalSupportAmt035088196
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02628
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt05536
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt08164
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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