2024-11-12T11:52:04-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 29 S MAIN STREET WEST HARTFORD CT 061272000 990 2023-01-01 061080097 THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC COMM 8604423572 68 FEDERAL STREET NEW LONDON CT 06320 MARYAM ELAHI PRESIDENT & CEO 8604423572 2024-11-08 1 0 MARY KAY CURTISS P01551484 8605614000 2023 2024-10-15 13:58:12Z MARYAM ELAHI 68 FEDERAL STREET NEW LONDON CT 06320 17283333 0 X WWW.CFECT.ORG X COMMUNITY FOUNDATION 1982 CT COMMUNITY FOUNDATION ADVANCING AND LEVERAGING PHILANTHROPY TO CREATE A THRIVING AND EQUITABLE REGION. 12 12 11 100 0 0 8879361 10489234 0 0 1464758 6794099 52753 0 10396872 17283333 7019146 8017737 0 0 1098828 1154931 0 0 335635 684590 695388 8802564 9868056 1594308 7415277 106532387 121799726 2029285 1766992 104503102 120032734 X COLLABORATING WITH PARTNERS TO PUT PHILANTHROPY INTO ACTION TO ADDRESS THE NEEDS, RIGHTS AND INTERESTS OF OUR COMMUNITY IN EASTERN CONNECTICUT. 1 0 7351656 6712075 GENERAL GRANTS:PROVIDE SUPPORT TO VARIOUS 501C(3) ORGANIZATIONS IN OUR FORTY-TWO TOWN SERVICE AREA. FOCUS ON EMPOWERING YOUTH, BASIC NEEDS AND RIGHTS,PRESERVING THE ENVIRONMENT AND ADVANCING ANIMAL WELFARE. GRANTS ARE AWARDED ON A COMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE,OR BYBOARD APPROVED DONOR ADVISED RECOMMENDATIONS. 1091616 992701 SCHOLARSHIP AWARDS:TUITION ASSISTANCE FOR STUDENTS WHO ARE JUST ENTERING COLLEGE AND THOSE WHO ARE ALREADY ENROLLED. SCHOLARSHIPS ARE ALSO AWARDED ON ACOMPETITIVE BASIS, THROUGH A VOLUNTEER COMMITTEE. 335788 312961 WOMEN & GIRLSONE OF THE FOUNDATION'S LONG STANDING INITIATIVES IS ITS WOMEN & GIRLS FUND. RELATED GRANTS SUPPORT ISSUES SUCH AS DOMESTIC VIOLENCEPREVENTION, TEEN PREGNANCY PREVENTION, AND OTHER ISSUES FACING WOMEN AND GIRLS. 8779060 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 32 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X MARYAM ELAHI 8604423572 68 FEDERAL STREET NEW LONDON CT 063206600 MARGARET O'SHEA BOARD CHAIR 4.00 X X 0 0 0 NICHOLAS FORTSON VICE CHAIR 4.00 X X 0 0 0 LEE-ANN GOMES TREASURER 4.00 X X 0 0 0 CAROL WILLIAMS SECRETARY 4.00 X X 0 0 0 JOE DELONG TRUSTEE 4.00 X 0 0 0 HARRY FERGUSON TRUSTEE 4.00 X 0 0 0 SANDRA HALE TRUSTEE 4.00 X 0 0 0 LEAH HARTMAN TRUSTEE 4.00 X 0 0 0 IZASKUN LARRANETA TRUSTEE 4.00 X 0 0 0 MICHAEL RAUH TRUSTEE 4.00 X 0 0 0 BARBARA SAHAGAN TRUSTEE 4.00 X 0 0 0 LEAH SCHAD TRUSTEE 4.00 X 0 0 0 MARYAM ELAHI PRESIDENT & CEO 40.00 X 230730 0 50924 JANET GRANT CFO 40.00 X 127061 0 16798 JENNIFER O'BRIEN PROGRAM DIRECTOR 40.00 X 113456 0 23829 LAUREN PARDA DIRECTOR OF DEVELOPMENT 40.00 X 105825 0 23888 577072 0 115439 4 0 1 0 0 1000000 9489234 1667400 10489234 2174329 2174329 4619770 0 4619770 4619770 4619770 17283333 0 0 6794099 7025036 7025036 992701 992701 425693 176194 185966 63533 556422 348884 58910 148628 97825 67927 5673 24225 74991 40495 17998 16498 42893 42893 336864 336864 55181 1837 52596 748 9574 9574 6566 3053 1414 2099 66607 32734 14549 19324 13890 5139 4862 3889 19465 11571 3413 4481 8536 8536 345 345 23781 12842 5707 5232 11287 6095 2709 2483 PROGRAM SUPPORT 27374 27374 DONOR DEVELOPMENT 22929 22929 ANNUAL REPORT 16651 11655 833 4163 DUES AND SUBSCRIPTIONS 14222 7680 3413 3129 19223 7843 6680 4700 9868056 8779060 753361 335635 5283190 5311404 38085 73498 61935 44262 647202 231275 395195 415927 96226018 96259534 4527964 19695101 106532387 121799726 146495 97968 1736615 1518274 146175 150750 2029285 1766992 X 100294992 115359782 4208110 4672952 104503102 120032734 106532387 121799726 X 7415277 7704956 409399 X X 0 1 X 1 0 X 6380110 10447597 8534994 8932114 10489235 44784050 6380110 10447597 8534994 8932114 10489235 44784050 13957487 30826563 1798088 1751986 1945734 1464758 2174329 9134895 53918945 0.57170 0.67320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119 3977279 3180854 16514192 1 1 100241525 10489234 14147426 8017737 1530017 115330431 116339484 8849522 -16467893 7019146 1460442 100241525 107671303 8530519 10691473 9111085 1442726 116339484 93470026 10457341 13951534 8862121 1345477 107671303 78788809 6385645 15486901 5833578 1357751 93470026 1 0 568460 229584 338876 78742 1691 77051 415927 BENEFICIAL INT IN PERPETUAL TRUST 4150450 F CONT REC FROM REMAINDER AND LEAD TRUST 449039 F CHARITABLE GIFT ANNUITY 390549 F PRIVATE EQUITY FUNDS 5992978 F DISTRESSED EQUITY FUNDS 3812379 F PRIVATE DEBT FUNDS 3103060 F REAL ESTATE INCOME FUNDS 1796646 F 19695101 LIABILITY UNDER CHARITABLE GIFT ANNUITY 139755 CAPITAL LEASE OBLIGATION 10995 150750 25060824 7704956 409399 8114355 16946469 336864 336864 17283333 9531192 0 9531192 336864 336864 9868056 PART V, LINE 4: TO PROVIDE GRANTS IN PERPETUITY PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUST 373,265. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 36,134. 1 VARIOUS 6182219 0 VARIOUS SCHOLARSHIPS 313 992701 PART I, LINE 2: ALL GRANTEES TAX EXEMPT STATUS IS VERIFIED THROUGH GUIDESTAR WITHIN THE GRANT SOFTWARE. GRANTS CANNOT BE CREATED IN THE SYSTEM WITHOUT PASSING A CHARITY CHECK. ALL COMPETITIVE GRANTS AND SCHOLARSHIPS ARE SELECTED BY A VOLUNTEER COMMITTEE AND ALSO SUBMITTED TO THE BOARD. GRANTEES ARE REQUIRED TO SUBMIT A REPORT AS TO HOW THE FUNDS WERE SPENT BEFORE BEING CONSIDERED FOR ADDITIONAL FUNDING. ALL GRANT APPLICATIONS ARE KEPT ON FILE FOR A PERIOD OF SEVEN YEARS. X X X X X 0 0 0 0 0 0 0 0 0 MARYAM ELAHI PRESIDENT & CEO 230730 0 0 0 0 0 35941 0 14983 0 281654 0 0 0 X 30 1669423 VALUE - GIFT DATE 0 0 1 1 PART I, LINE 32B: WE HAVE AN ACCOUNT AT STATE STREET WHO MANAGES THE INTAKE, SELLING AND DISTRIBUTION OF FUNDS FROM THE SALE OF STOCKS. FORM 990, PART III, LINE 2 STATE OF CONNECTICUT CANNABIS SOCIAL EQUITY COUNCIL - COMMUNITY REINVESTMENT GRANT PROGRAM FORM 990, PART VI, SECTION A, LINE 1A MADE UP OF THE BOARD OFFICERS AND THE FOUNDATION'S PRESIDENT & CEO FOR PURPOSES OF TAKING IMMEDIATE ACTION WHEN NEEDED. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED AND ADOPTED AT A MEETING OF THE BOARD OF TRUSTEES ON JUNE 14, 2023. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS FIRST REVIEWED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE FULL BOARD FOR RATIFICATION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST AND CONFIDENTIALITY FORMS ARE SENT OUT EACH YEAR TO EACH BOARD AND COMMITTEE MEMBER TO BE COMPLETED WITH SIGNATURE AND DATE. THEY ARE THEN REVIEWED BY THE PRESIDENT AND CEO AND CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT AND CEO COMPENSATION IS REVIEWED BY THE FULL BOARD. THE CHIEF FINANCIAL OFFICER PROVIDES COMPARABLE SALARY RANGES COLLECTED BY THE COUNCIL ON FOUNDATIONS, ALONG WITH COMPS OF SIMILAR LOCAL ORGANIZATIONS FROM THEIR 990'S AND DATA COLLECTED AT THE STATE LEVEL. THE SAME REPORT IS USED BY THE CEO TO DETERMINE ALL EMPLOYEE COMPENSATION ALONG WITH COMPARISON OF SISTER FOUNDATION DATA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 AS PART OF THE AUDITORS REPORT POSTED ON OUR WEBSITE AND CANDID. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL TRUST 373,265. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 36,134. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.