Overview
What is Northwest Ct Community Foundation Trust?
Northwest Ct Community Foundation Trust is a charitable organization based in Torrington, Connecticut. Established by numerous donors, its primary purpose is to distribute annual income from investments to deserving 501(c)(3) organizations within its service area, which includes towns such as Barkhamsted, Bethlehem, and Torrington. The foundation's mission is to improve the quality of life for local citizens by identifying and addressing community needs. It accomplishes this by providing financial assistance in the form of grants and scholarships. In 2022, the foundation awarded grants totaling $94,896 and provided scholarships worth $24,250 to local individuals pursuing higher education. The foundation's reach is not limited to a specific geographic location, and it has the flexibility to expand its philanthropic activities beyond its initial service area. With a modest workforce of 11 employees, the Northwest Ct Community Foundation Trust plays a significant role in supporting community development and enhancing the lives of its residents.
Official website here: www.northwestcf.org
Is Northwest Ct Community Foundation Trust legitimate?
Northwest Ct Community Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Ct Community Foundation Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.northwestcf.org
What is the mission statement of Northwest Ct Community Foundation Trust?
The Northwest Connecticut Community Foundation Trust's mission is to enhance the quality of life for its community by identifying and responding to its needs. They achieve this by providing financial assistance in the form of scholarships and grants to eligible 501(c)(3) organizations. The foundation's income from investments is distributed annually to deserving organizations, as selected by their grants committee. The donors' gift instruments may allow for the expansion of the foundation's philanthropic activities beyond its initial service area. Furthermore, financial assistance in the form of scholarships is awarded to local individuals pursuing higher education. In 2022, grants amounting to $94,896 were awarded, and scholarships were provided to the tune of $24,250.
Official website here: www.northwestcf.org
Who is the CEO of Northwest Ct Community Foundation Trust?
Guy Rovezzi is the President of Northwest Ct Community Foundation Trust.
Official website here: www.northwestcf.org
What is the revenue of Northwest Ct Community Foundation Trust?
Northwest Ct Community Foundation Trust's revenue in 2022 was $287,627.
Official website here: www.northwestcf.org
Who are the executives of Northwest Ct Community Foundation Trust and what are their salaries?
There are 11 employees and 75 volunteers at Northwest Ct Community Foundation Trust.
Here are 15 key members and their salaries:
- Compensation: $215,457
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- Other: $32,717
- Compensation: $102,648
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- Other: $3,060
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Official website here: www.northwestcf.org
Where can I find the form 990 for Northwest Ct Community Foundation Trust?
Northwest Ct Community Foundation Trust'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 Ct Community Foundation Trust
The Northwest Ct Community Foundation Trust is committed to enhancing the quality of life for its service area's citizens. This is achieved by identifying and responding to community needs by providing financial assistance in the form of scholarships and grants to 501(c)(3) organizations. The foundation's mission is to serve a wide range of communities, including Barkhamsted, Bethlehem, Canan/Falls Village, Colebrook, Goshen, Hartland, Harwinton, New Hartford, Norfolk, North Canaan, Salisbury, Torrington, Washington, Warren, or Winsted. The foundation's philanthropic activities can expand beyond its initial service area, as per the donor's gift instrument's stipulations. The foundation also awards scholarships to local individuals pursuing higher education. In 2022, the foundation granted a total of $94,896 and provided $24,250 in scholarship funds.
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Impact
October, 2024
The Northwest CT Community Foundation Trust significantly enhances the quality of life for residents across its service area by actively identifying and addressing community needs. Through its financial assistance programs, the Trust provides scholarships to local individuals pursuing higher education and grants to eligible 501(c)(3) organizations. In 2022, for instance, the Trust awarded $94,896 in grants and facilitated $24,250 in scholarships, directly impacting the lives of many in the communities of Barkhamsted, Bethlehem, Canaan/Falls Village, and others in Litchfield County.
By responding to the philanthropic needs identified by various donors, the Trust promotes growth and support for a wide range of initiatives, making a lasting difference in education, community welfare, and local development. Its commitment to invest income from contributions back into the community fosters a cycle of giving that strengthens and uplifts the entire region.
This information is meant to be a general summary of Northwest Ct Community Foundation Trust. 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: $122,017
- Gross Receipts: $287,627
Assets and Liabilities:
- Total Assets: $5,857,770
- Total Liabilities: $113,000
- Net Assets: $5,744,770
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Organization Details
Founding Year
1970
Phone
(860) 626-1245Principal Officer
Guy Rovezzi
Main Address
PO BOX 1144, TORRINGTON, CT, 06790
Website
www.northwestcf.orgNTEE Category
Code: T90Z - Philanthropy
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