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The Ccsu Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237354328 ✦ New britain, CT ✦ Designated as a 501(c)(3)

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Overview

What is The Ccsu Foundation Inc?

The Ccsu Foundation Inc, with its headquarters at PO Box 612, New Britain, CT 06050, is a modest nonprofit organization. Its primary mission is to administer scholarship funds according to the specific wishes of its donors, with a focus on supplementing education at Central Connecticut State University (CCSU). The foundation's modest team of one individual is dedicated to this cause.

Is The Ccsu Foundation Inc legitimate?

The Ccsu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ccsu 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,914

For more financial information, click here

What is the mission statement of The Ccsu Foundation Inc?

The Ccsu Foundation Inc's mission revolves around supplementing education at Central Connecticut State University (CCSU). Specifically, their role is to manage scholarship funds according to the specific requests of their donors, contributing to student support. This non-profit organization's primary objective is to aid in the educational endeavors of students at CCSU.

What is the revenue of The Ccsu Foundation Inc?

The Ccsu Foundation Inc's revenue in 2024 was $7,649,091.

Who are the executives of The Ccsu Foundation Inc and what are their salaries?

The average compensation at The Ccsu Foundation Inc during 2024 was $50,914. There is 1 employee and 45 volunteers at The Ccsu Foundation Inc.

Here are 17 key members and their salaries:


Anabelle Diaz-Santiago (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony S Torsiello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Jones Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Wiggins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Nealy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Nahorney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Matthew Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristine Larsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Lennon (Outgoing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Falvo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Muli (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard D Donovan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Spada (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ululy Martinez (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Waldermar Kostrzewa (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Destefani (Interim Excutive Director)
  • Compensation: $0
  • Related: $41,152
  • Other: $8,933
Michael Shippam (Outgoing Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Ccsu Foundation Inc?

The Ccsu Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of The Ccsu Foundation Inc

The Ccsu Foundation Inc, as its mission statement suggests, is dedicated to supplementing education at Central Connecticut State University (CCSU). In essence, this nonprofit organization's primary role is to administer scholarship funds in accordance with the specific requests of its donors. By doing so, The Ccsu Foundation Inc plays a crucial part in supporting students at CCSU, contributing to their educational journey and future prospects. This mission is a testament to the Foundation's commitment to fostering academic growth and success among the student body.

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Impact




October, 2024

The Ccsu Foundation Inc significantly enhances the educational experience at Central Connecticut State University (CCSU) by providing crucial financial support through scholarships. By administering scholarship funds tailored to the specific requests of donors, the foundation directly impacts students' access to quality education, reducing financial barriers and empowering them to pursue their academic and career goals. This support not only fosters an environment of learning and growth but also strengthens the overall community by cultivating educated individuals who can contribute meaningfully to society. Through its efforts, the foundation plays a vital role in ensuring that higher education remains accessible and affordable for students at CCSU.




This information is meant to be a general summary of The Ccsu 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.

Revenue
$7,649,091 (2024)
Expenses
$5,008,544 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $4,316,663
  • Program Service Revenue: $175,513
  • Gross Receipts: $20,653,942

Assets and Liabilities:

  • Total Assets: $96,202,485
  • Total Liabilities: $2,300,541
  • Net Assets: $93,901,944

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$175,513

Organization Details

Founding Year

1974

Principal Officer

Jennifer Destefani

NTEE Category

Code: B43I - Education

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