Civic Intelligence

Asnuntuck Community-Technical College Foundatiion Inc.

990 • Fiscal year 2021 • EIN 31-1647253

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

Refreshing map…

170 Elm StEnfield, CT 06082

(860) 253-3041

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.08x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.22x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

19th percentile

-7.2%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$56,750

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

12th percentile

-8.4%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-18%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$639,560

Down $58,551 (-8.4%) from 2020

Net Assets

Down

$591,312

Down $4,347 (-0.7%) from 2020

Liabilities

Down

$48,248

Down $54,204 (-53%) from 2020

Revenue

Down

$219,916

Down $47,233 (-18%) from 2020

Expenses

Down

$235,828

Down $39,008 (-14%) from 2020

Net Income

Down

-$15,912

Down $8,225 (-107%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $437,271Liabilities 2011: $0Net Assets 2011: $437,2712011Assets 2012: $444,920Liabilities 2012: $72,500Net Assets 2012: $372,4202012Assets 2013: $414,050Liabilities 2013: $30,000Net Assets 2013: $384,0502013Assets 2014: $391,906Liabilities 2014: $124,500Net Assets 2014: $267,4062014Assets 2015: $376,991Liabilities 2015: $60,000Net Assets 2015: $316,9912015Assets 2016: $477,922Liabilities 2016: $27,500Net Assets 2016: $450,4222016Assets 2017: $512,898Liabilities 2017: $54,943Net Assets 2017: $457,9552017Assets 2018: $555,883Liabilities 2018: $137,302Net Assets 2018: $418,5812018Assets 2019: $662,350Liabilities 2019: $69,452Net Assets 2019: $592,8982019Assets 2020: $698,111Liabilities 2020: $102,452Net Assets 2020: $595,6592020Assets 2021: $639,560Liabilities 2021: $48,248Net Assets 2021: $591,3122021Assets 2022: $711,931Liabilities 2022: $45,263Net Assets 2022: $666,6682022Assets 2024: $716,107Liabilities 2024: $41,993Net Assets 2024: $674,1142024

Highlighted filing

2021

Assets$639,560
Liabilities$48,248
Net Assets$591,312

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $125,070Expenses 2011: $36,732Net Income 2011: $88,3382011Revenue 2012: $116,819Expenses 2012: $181,670Net Income 2012: -$64,8512012Revenue 2013: $127,013Expenses 2013: $115,383Net Income 2013: $11,6302013Revenue 2014: $115,631Expenses 2014: $232,275Net Income 2014: -$116,6442014Revenue 2015: $266,951Expenses 2015: $214,049Net Income 2015: $52,9022015Revenue 2016: $309,733Expenses 2016: $179,074Net Income 2016: $130,6592016Revenue 2017: $294,097Expenses 2017: $295,437Net Income 2017: -$1,3402017Revenue 2018: $230,613Expenses 2018: $225,034Net Income 2018: $5,5792018Revenue 2019: $551,340Expenses 2019: $387,882Net Income 2019: $163,4582019Revenue 2020: $267,149Expenses 2020: $274,836Net Income 2020: -$7,6872020Revenue 2021: $219,916Expenses 2021: $235,828Net Income 2021: -$15,9122021Revenue 2022: $294,088Expenses 2022: $210,159Net Income 2022: $83,9292022Revenue 2024: $191,408Expenses 2024: $269,640Net Income 2024: -$78,2322024

Highlighted filing

2021

Revenue$219,916
Expenses$235,828
Net Income-$15,912
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$219,916
Mission and Program Overview

Mission

To support asnuntuck community college students in achieving their educational and career goals through fundraising and program enhancement, as well as to support the college through advocacy and community engagement.

To support asnuntuck community college students in achieving theri educational and career goals through fundraising and program enhancement, as well as to support the college through advocacy and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$324,551$366,595▲ $42,044
Savings and Temporary Cash Investments$135,964$136,289▲ $325
Investments in Publicly Traded Securities$118,736$130,301▲ $11,565
Prepaid Expenses and Deferred Charges$5,250$5,750▲ $500
Pledges and Grants Receivable$113,610$625▼ $112,985
Total Assets$698,111$639,560▼ $58,551
Liabilities
Accounts Payable and Accrued Expenses$33,326$33,248▼ $78
Grants Payable$69,126$15,000▼ $54,126
Total Liabilities$102,452$48,248▼ $54,204
Net Assets / Fund Balance
Net Assets With Donor Restrictions$655,352$658,248▲ $2,896
Net Assets Without Donor Restrictions$-59,693$-66,936▼ $7,243
Total Net Assets Fund Balance$595,659$591,312▼ $4,347
Total Liabilities and Net Assets / Fund Balance$698,111$639,560▼ $58,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keith MadoreExecutive DiPT$56,750$56,750

Board Members and Trustees

NameTitle
Stuart E RosenbergChairperson
Glenn FordBoard Member
Graeme BazarianBoard Member
Jacki TamayoBoard Member
Joyce KeatingBoard Member
Kiran S MajmudarBoard Member
Mike DemersBoard Member
Romiesha J Brisco EsqBoard Member
William SearleBoard Member
Carol LaliberteBoard Memebe
Jeff LommaBoard Memebe
Mary MccarthyBoard Memebe
Barbara WaltonSecretary
Carolyn L Mccaffrey EsqVP & Treasur
Revenue and Support

Revenue Composition

Contributions and Grants
$103,641
Program Service Revenue
$116,067
Investment Income
$208
Other Revenue
$0
All Other Contributions
$103,641
Change in Net Assets
$-15,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,311
Grants and Similar Amounts Paid$112,517
Total Fundraising Expense$61,663
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$112,517--$112,517
Fees for Services Other$38,062$10,875$53,012$101,949
Fees for Services Accounting$9,417--$9,417
Advertising-$125$5,496$5,621
Office Expenses-$2,248$3,027$5,275
Insurance-$773-$773
Other Expenses-$148$128$128
Total Functional Expenses$159,996$14,169$61,663$235,828
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Asnuntuck Community - Technical
EIN
31-1647253
Phone
8602533041
Address
170 ELM ST, ENFIELD, CT 06082

Signing Officer

Name
Carolyn L Mccaffrey Esq
Title
VP & Treasurer
Phone
8602533041
Signed
2022-11-10

Organization Details

Principal Officer
Stuart E Rosenberg
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Costello Company LLC
Address
105 MAIN STREET, HEBRON, CT 06248
Preparer
Charles T Costello CPA
Phone
8602282822
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To support and encourage special projects, programs, speakers or learning activities that add quality to the education of asnuntuck community college students. Additionally, scholarships are awarded to students continuing in their program who complete the application and meet the guidelines indicated in the application.

Form 990, Part IX, Line 11G

Executive director comp 38,062 10,875 5,438 contracted services 0 0 500 dueling pianos promoter 0 0 12,060 catering expenses 0 0 8,910 0 0 0 golf tournament venue expenses 0 0 26,104 total 38,062 10,875 53,012

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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/PYGrantsAndSimilarPaidAmt092477
IRS990/PYInvestmentIncomeAmt01971
IRS990/PYOtherExpensesAmt0182359
IRS990/PYOtherRevenueAmt0-27812
IRS990/PYRevenuesLessExpensesAmt0-7687
IRS990/PYTotalExpensesAmt0274836
IRS990/PYTotalRevenueAmt0267149
IRS990/ReconcilationRevenueExpnssAmt0-15912
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0135964
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0136289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0103641
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0292990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0586183
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0241891
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0312986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01537691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02140
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03278
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02877
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012282
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0116275
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99210
IRS990ScheduleA/PublicSupportPY170Pct00.78900
IRS990ScheduleA/PublicSupportTotal170Amt01537691
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0103641
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0292990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0586183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0241891
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0312986
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01537691
IRS990ScheduleA/TotalSupportAmt01549973
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0112517
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0145
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ELIGIBLE STUDENTS MAY APPLY FOR GRANTS AND SCHOLARSHIPS. THE SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS, DETERMINES THAT APPLICCANTS MEET ELIGIBILTY CRITERIA, AND AWARDS THE CHOLARSHIPS AND GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT AND ENCOURAGE SPECIAL PROJECTS, PROGRAMS, SPEAKERS OR LEARNING ACTIVITIES THAT ADD QUALITY TO THE EDUCATION OF ASNUNTUCK COMMUNITY COLLEGE STUDENTS. ADDITIONALLY, SCHOLARSHIPS ARE AWARDED TO STUDENTS CONTINUING IN THEIR PROGRAM WHO COMPLETE THE APPLICATION AND MEET THE GUIDELINES INDICATED IN THE APPLICATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR COMP 38,062 10,875 5,438 CONTRACTED SERVICES 0 0 500 DUELING PIANOS PROMOTER 0 0 12,060 CATERING EXPENSES 0 0 8,910 0 0 0 GOLF TOURNAMENT VENUE EXPENSES 0 0 26,104 TOTAL 38,062 10,875 53,012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0698111
IRS990/TotalAssetsEOYAmt0639560
IRS990/TotalAssetsGrp/BOYAmt0698111
IRS990/TotalAssetsGrp/EOYAmt0639560
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0103641
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt061663
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014169
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159996
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0102452
IRS990/TotalLiabilitiesEOYAmt048248
IRS990/TotalLiabilitiesGrp/BOYAmt0102452
IRS990/TotalLiabilitiesGrp/EOYAmt048248
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0595659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0591312
IRS990/TotalProgramServiceExpensesAmt0159996
IRS990/TotalProgramServiceRevenueAmt0116067
IRS990/TotalReportableCompFromOrgAmt056750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0219916
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0698111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0639560
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0170 ELM STREET
IRS990/USAddress/CityNm0ENFIELD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006082
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.ASNUNTUCK.EDU/FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN L MCCAFFREY ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP & TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08602533041
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASNUNTUCK COMMUNITY - TECHNICAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COLLEGE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ASNU
ReturnHeader/Filer/EIN0311647253
ReturnHeader/Filer/PhoneNum08602533041
ReturnHeader/Filer/USAddress/AddressLine1Txt0170 ELM ST
ReturnHeader/Filer/USAddress/CityNm0ENFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006082
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421529165
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COSTELLO COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HEBRON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006248
ReturnHeader/PreparerPersonGrp/PhoneNum08602282822
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES T COSTELLO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-10T14:58:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLYN L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCAFFREY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$0.42$6.74$1.91$2.70$0.78
2022Detailed filing. Detailed filing data is available for this year.$7.12$0.45$6.67$2.94$2.10$0.84
2021Detailed filing. Detailed filing data is available for this year.$6.40$0.48$5.91$2.20$2.36$0.16
2020Detailed filing. Detailed filing data is available for this year.$6.98$1.02$5.96$2.67$2.75$0.08
2019Detailed filing. Detailed filing data is available for this year.$6.62$0.69$5.93$5.51$3.88$1.63
2018Detailed filing. Detailed filing data is available for this year.$5.56$1.37$4.19$2.31$2.25$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.13$0.55$4.58$2.94$2.95$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.78$0.28$4.50$3.10$1.79$1.31
2015Detailed filing. Detailed filing data is available for this year.$3.77$0.60$3.17$2.67$2.14$0.53
2014Detailed filing. Detailed filing data is available for this year.$3.92$1.25$2.67$1.16$2.32$1.17
2013Detailed filing. Detailed filing data is available for this year.$4.14$0.30$3.84$1.27$1.15$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.73$3.72$1.17$1.82$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$0.00$4.37$1.25$0.37$0.88