Overview
What is The Connecticut Community Foundation?
The Connecticut Community Foundation, based at 43 Field Street in Waterbury, CT (06702), is a local nonprofit organization dedicating its efforts towards supporting various nonprofits in Greater Waterbury and the Litchfield Hills. Their mission encompasses programs and services in the arts, health, older adults, education, environment, social services, and women's issues. They grant scholarships to college students, strengthen nonprofits through grants and technical assistance programs, and provide leadership to address crucial community issues. Inspiring generosity and fostering an equitable and inclusive community in their region is the ultimate goal. The foundation's reach extends to inspiring philanthropy, backing organizations, and cultivating effective leaders. They employ a team of 18 individuals.
Official website here: www.conncf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Stars .ating.
The Connecticut Community Foundation has achieved a perfect score of 100% from Charity Navigator, highlighting its strong commitment to accountability and finance. The rating reflects the organization's effective management practices, particularly the full independence of its board members and a robust oversight committee that ensures financial integrity. Additionally, the foundation maintains excellent transparency through its published policies and documents.
Strengths in financial management are notable, with an impressive program expense ratio of 88.8%, indicating that a significant portion of funds is directed towards its mission-driven programs. The low fundraising efficiency ratio of $0.04 demonstrates the organization's ability to raise funds effectively while maintaining minimal costs, further solidifying its operational sustainability.
Despite its strengths, it is essential for potential donors to remain informed about the foundation's ongoing initiatives and community impact. Overall, The Connecticut Community Foundation exemplifies a well-run nonprofit dedicated to serving its mission with high integrity and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Connecticut Community Foundation legitimate?
The Connecticut Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Connecticut Community Foundation 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: $387,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,065,414
For more financial information, click here
Official website here: www.conncf.org
What is the mission statement of The Connecticut Community Foundation?
The Connecticut Community Foundation works towards fostering an equitable and inclusive community by inspiring generosity, supporting organizations, and cultivating effective leaders. They accomplish this by providing grants and technical assistance to nonprofit organizations in the areas of arts, health, older adults, education, environment, social services, and women's issues. In addition, they offer scholarships for college students and strengthen nonprofit organizations through various programs. The foundation's leadership addresses critical community issues through its initiatives.
Official website here: www.conncf.org
Who is the CEO of The Connecticut Community Foundation?
Julie Loughran is the President & Ceo of The Connecticut Community Foundation. The CEO's salary of The Connecticut Community Foundation is $209,355 and their total compensation is $240,229.
Official website here: www.conncf.org
What is the revenue of The Connecticut Community Foundation?
The Connecticut Community Foundation's revenue in 2022 was $12,635,869.
Official website here: www.conncf.org
Who are the executives of The Connecticut Community Foundation and what are their salaries?
The average compensation at The Connecticut Community Foundation during 2022 was $80,720. There are 18 employees and 200 volunteers at The Connecticut Community Foundation.
Here are 23 key members and their salaries (The Connecticut Community Foundation's CEO's salary is $209,355 and their total compensation is $240,229):
- Compensation: $209,355
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- Other: $30,874
- Compensation: $134,048
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- Other: $13,273
- Compensation: $105,039
- Related: $0
- Other: $10,929
- Compensation: $107,360
- Related: $0
- Other: $20,940
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Official website here: www.conncf.org
Where can I find the form 990 for The Connecticut Community Foundation?
The Connecticut Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.conncf.org
Learn more at the official website: www.conncf.org
Mission Statement of The Connecticut Community Foundation
The Connecticut Community Foundation, a renowned organization, strives to build an equitable and inclusive community in Greater Waterbury and Litchfield Hills. With a vision to inspire generosity, it supports various organizations and cultivates effective leaders. By doing so, the Foundation aims to foster a vibrant community where everyone thrives.
In practice, the Connecticut Community Foundation sponsors numerous nonprofit organizations in the areas of arts, health, older adults, education, environment, social services, and women's issues. It extends its reach further by offering scholarships to college students, bolstering these organizations through grants and technical assistance programs. The Foundation's commitment to community development is evident in its provision of essential resources and support to address critical issues.
The Connecticut Community Foundation's mission goes beyond financial assistance, as it also plays a vital role in developing strong leaders. By providing guidance and resources, it empowers individuals to make a positive impact in their communities. Through its dynamic approach to philanthropy, the Foundation is making a significant difference in the lives of countless individuals and fostering a more inclusive and equitable society.
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Impact
October, 2024
The Connecticut Community Foundation fosters an equitable and inclusive community in Greater Waterbury and Litchfield Hills by inspiring generosity and supporting local organizations. Its impact spans various sectors, providing essential support for arts, health, education, environmental initiatives, social services, and women's issues.
By granting scholarships to college students and strengthening organizations through grants and technical assistance, the Foundation plays a critical role in enhancing community resources and opportunities. Additionally, it cultivates effective leadership to address pressing local issues, creating a ripple effect of positive change throughout the region. Through its dedicated efforts, the Connecticut Community Foundation is instrumental in building a more vibrant and resilient community.
This information is meant to be a general summary of The Connecticut Community Foundation. 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: $5,103,745
- Gross Receipts: $17,514,834
Assets and Liabilities:
- Total Assets: $129,494,549
- Total Liabilities: $254,260
- Net Assets: $129,240,289
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Organization Details
Founding Year
1923
Phone
(203) 753-1315Principal Officer
Julie Loughran
Main Address
43 FIELD STREET, WATERBURY, CT, 06702
Website
www.conncf.orgNTEE Category
Code: T310 - Philanthropy
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