Overview
What is Northwest Connecticut Community Foundation Inc?
Northwest Connecticut Community Foundation Inc is a charitable organization based in Torrington, Connecticut. Their primary focus is distributing income and appreciation from investments, following a total return approach, as grants and scholarships annually to eligible public charities and students, decided by their board of directors. They aim to enhance the lives of northwest Connecticut residents by encouraging local giving, gathering community stakeholders to address welfare concerns, bolstering the regional nonprofits network, and fostering collaborative funding partnerships. In 2022, they granted $4,225,674 and offered financial assistance through scholarships worth $266,925.
Official website here: www.northwestcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Northwest Connecticut Community Foundation Inc has achieved a perfect score of 100%, reflecting its strong commitment to accountability and finance. This high rating is based solely on a robust accountability and finance score, indicating that the organization maintains excellent financial health and governance practices.
The foundation demonstrates considerable strength in its operational practices, including a fully independent board and comprehensive policies regarding conflicts of interest and whistleblower protections. Its financial metrics are impressive, with a program expense ratio of 88.19% and minimal fundraising costs, showcasing effective resource management.
There are no noted limitations or concerns regarding the foundation's financial practices or governance. The organization provides transparency through publicly accessible documentation, further solidifying its reputation as a reliable and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Connecticut Community Foundation Inc legitimate?
Northwest Connecticut Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Connecticut Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $248,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $727,597
For more financial information, click here
Official website here: www.northwestcf.org
What is the mission statement of Northwest Connecticut Community Foundation Inc?
The Northwest Connecticut Community Foundation Inc strives to enhance the lives of local residents by encouraging local charitable giving, bringing together community stakeholders to address welfare issues, fortifying the nonprofit sector, and forging collaborative funding partnerships. Through its grantmaking and scholarship programs, the foundation distributes funds annually to eligible public charities and students based on a total return investment approach. In 2022, the foundation disbursed grants worth $4,225,674 and provided financial assistance in the form of scholarships totaling $266,925.
Official website here: www.northwestcf.org
Who is the CEO of Northwest Connecticut Community Foundation Inc?
Guy Rovezzi is the President of Northwest Connecticut Community Foundation Inc.
Official website here: www.northwestcf.org
What is the revenue of Northwest Connecticut Community Foundation Inc?
Northwest Connecticut Community Foundation Inc's revenue in 2022 was $15,274,377.
Official website here: www.northwestcf.org
Who are the executives of Northwest Connecticut Community Foundation Inc and what are their salaries?
There 75 volunteers at Northwest Connecticut Community Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $215,457
- Other: $32,717
- Compensation: $0
- Related: $102,648
- Other: $3,060
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.northwestcf.org
Where can I find the form 990 for Northwest Connecticut Community Foundation Inc?
Northwest Connecticut Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwestcf.org
Learn more at the official website: www.northwestcf.org
Mission Statement of Northwest Connecticut Community Foundation Inc
Northwest Connecticut Community Foundation Inc, a leading philanthropic organization, is dedicated to improving the lives of residents in northwest Connecticut. By inspiring local giving, the Foundation brings together various stakeholders in community welfare, fostering a stronger network of regional nonprofits. This organization takes a unique approach to community development, focusing on collaborative funding partnerships that strengthen the nonprofit sector.
The mission of Northwest Connecticut Community Foundation Inc is multifaceted. It begins by enriching the quality of life for local residents through local philanthropy. This is achieved by encouraging and supporting charitable giving, which in turn enables the Foundation to distribute grants to qualified public charities. In 2022, the Foundation awarded an impressive $4,225,674 in grants to various organizations that align with its mission.
Another crucial aspect of Northwest Connecticut Community Foundation Inc's mission is the strengthening of the regional nonprofits network. The Foundation serves as a convener, bringing together various stakeholders to address community needs and foster collaboration. Through these partnerships, the Foundation fosters innovative and effective solutions to the challenges facing northwest Connecticut.
Furthermore, the organization takes a comprehensive approach to community development by also providing financial assistance in the form of scholarships to deserving students. In 2022, the Foundation granted $266,925 in scholarships, helping students pursue their educational goals and build a better future for themselves and their communities.
In conclusion, Northwest Connecticut Community Foundation Inc is a vital force in the development and improvement of northwest Connecticut. By inspiring local philanthropy, convening stakeholders, and strengthening the regional nonprofits network, the Foundation plays a pivotal role in fostering collaborative funding partnerships that bring about positive change in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Northwest Connecticut Community Foundation's impact is significant in enriching the quality of life for residents of northwest Connecticut. Through inspiring local philanthropy, convening stakeholders in community welfare, strengthening the regional nonprofits network, and fostering collaborative funding partnerships, the organization has made a difference in the community. In 2022 alone, the foundation awarded grants totaling $4,225,674 and provided financial assistance in the form of scholarships amounting to $266,925. This direct funding support has helped various public charities and students, contributing to the overall well-being and development of the region.
This information is meant to be a general summary of Northwest Connecticut Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,398,400
- Program Service Revenue: $31,000
- Gross Receipts: $15,274,377
Assets and Liabilities:
- Total Assets: $124,859,463
- Total Liabilities: $25,235,105
- Net Assets: $99,624,358
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees on Grant Programs
Revenue
$31,000
Organization Details
Founding Year
1999
Phone
(860) 626-1245Principal Officer
Guy Rovezzi
Main Address
PO BOX 1144 33 EAST MAIN STREET, TORRINGTON, CT, 06790
Website
www.northwestcf.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Northwest Connecticut Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.