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Community Development : Community Foundations

Community Foundation of Eastern Connecticut

Working towards a healthy, thriving, sustainable Eastern Connecticut

four stars

96.06

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 96.06 four stars
  Financial 96.13 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/23/2020 and includes data from FY2019, 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.

Financial

four stars

96.13

Accountability & Transparency

four stars

96.00

This rating was published 12/23/2020 and includes data from FY2019, 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)
86.9%
  Administrative Expenses 8.6%
  Fundraising Expenses 4.3%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 12.21
  Program Expenses Growth 9.9%
  Liabilities to Assets 1.8%
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) 96.06 four stars
El Dorado Community Foundation (CA) 85.88 three stars
Community Foundation of Southeastern Massachusetts (MA) 92.15 four stars
Community Foundation of the Eastern Shore (MD) 85.44 three stars
Stanislaus Community Foundation (CA) 90.10 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,380,110
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $6,380,110
   Program Service Revenue $0
Total Primary Revenue $6,380,110
   Other Revenue $1,798,088
TOTAL REVENUE $8,178,198
   
EXPENSES  
   Program Expenses $6,431,017
   Administrative Expenses $730,374
   Fundraising Expenses $381,138
TOTAL FUNCTIONAL EXPENSES $7,542,529
   
Payments to Affiliates $0
Excess (or Deficit) for the year $635,669
   
Net Assets $97,938,523

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 $5,328,877 82.9%
Scholarship Awards $873,956 13.6%
Women and Girls Initiatives $228,184 3.5%

Ratings History
Community Foundation of Eastern Connecticut has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/23/2020 96.06 four stars
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
$217,925 2.88% Maryam Elahi President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Community Foundation of Eastern Connecticut (CT) 96.06 four stars
Orange County Community Foundation (CA) 93.11 four stars
West Central Initiative (MN) 87.40 three stars
Black Belt Community Foundation (AL) 86.56 three stars
Baton Rouge Area Foundation (LA) 91.68 four stars

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This charity has an official representative registered with Charity Navigator.

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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