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Community Development : Community Foundations

Community Foundation of Eastern Connecticut

Working towards a healthy, thriving, sustainable Eastern Connecticut

four stars

96.09

68 Federal Street P.O. Box 769
New London, CT 06320
tel: (860) 442-3572   Web Site
EIN: 06-1080097

Board Leadership
David Schulz
Chair

CEO
Maryam Elahi
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 96.09 four stars
  Financial 96.19 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1983, The Community Foundation of Eastern Connecticut serves as the hub for meaningful philanthropy for 42 communities in the eastern third of our state. The Community Foundation is here to bring people together to work towards a healthy, thriving, sustainable Eastern Connecticut. We do this by putting philanthropy into action to address the needs, rights and interests of our region, while fulfilling the passions of our donors. We provide guidance, investment vehicles, and other expertise to make giving an easy and joyful experience.

Founded in 1983, The Community Foundation of Eastern Connecticut serves as the hub for meaningful philanthropy for 42 communities in the eastern third of our state. The Community Foundation is here to bring people together to work towards a healthy, thriving, sustainable Eastern Connecticut. We do this by putting philanthropy into action to address the needs, rights and interests of our region, while fulfilling the passions of our donors. We provide guidance, investment vehicles, and other expertise to make giving an easy and joyful experience.

Impact Information

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Reported Results
Showing 3 of 5
Total in 2019
Total dollar amount of grants awarded
5,901,120
Total number of grants awarded
1,008
Number of donor-advised funds
107
Number of endowments
543
Number of volunteers
102
This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

96.19

Accountability & Transparency

four stars

96.00

This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
86.5%
  Administrative Expenses 9.0%
  Fundraising Expenses 4.4%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 10.62
  Program Expenses Growth 11.0%
  Liabilities to Assets 2.1%
All data for Financial Performance Metrics calculations was provided by Community Foundation of Eastern Connecticut on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Community Foundation of Eastern Connecticut on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Community Foundation of Eastern Connecticut (CT) 96.09 four stars
Williamsburg Community Foundation (VA) 85.63 three stars
Black Belt Community Foundation (AL) 86.56 three stars
The Community Foundation for Northeast Florida (FL) 97.02 four stars
Orange County Community Foundation (CA) 95.42 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,133,920
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $10,133,920
   Program Service Revenue $0
Total Primary Revenue $10,133,920
   Other Revenue $1,568,359
TOTAL REVENUE $11,702,279
   
EXPENSES  
   Program Expenses $7,288,331
   Administrative Expenses $674,499
   Fundraising Expenses $346,204
TOTAL FUNCTIONAL EXPENSES $8,309,034
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,393,245
   
Net Assets $82,661,442

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
General Grants $6,287,277 86.3%
Scholarship $805,110 11.0%
Women and Girls Initiatives $195,944 2.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 96.09 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 06-1080097
Name in IRS Master File COMMUNITY FOUNDATION OF EASTERN CONNECTICUT
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (600) Community Chest, United Way, etc.
(994) Described in section 170(b)1)(a)(vi) of the Code
(602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date May, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$208,140 2.50% Maryam Elahi President And CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Community Foundation of Eastern Connecticut (CT) 96.09 four stars
The Columbus Foundation (OH) 95.05 four stars
Community Foundation for Nantucket (MA) 94.07 four stars
Community Foundation for Northeast Michigan (MI) 88.18 three stars
Adams County Community Foundation (PA) 96.13 four stars

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Charity Contact Info

Community Foundation of Eastern Connecticut
68 Federal Street
P.O. Box 769
New London, CT 06320
tel: (860) 442-3572
fax: (860) 442-0584
EIN: 06-1080097

Visit Web Site

Board Leadership

David Schulz
Chair

CEO

Maryam Elahi
President, CEO

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