2024-12-23T09:55:20-06:00 2024-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2023-07-01 237354328 THE CCSU FOUNDATION INC CCSU 8608320711 P O BOX 612 NEW BRITAIN CT 06050 JENNIFER DESTEFANI EXECUTIVE DIRECTOR 8608320711 2024-12-20 1 1 LAURA KIELCZEWSKI P00740769 9592007000 2024-12-20 2023 2024-10-15 13:58:12Z JENNIFER DESTEFANI P O BOX 612 NEW BRITAIN CT 06050 20653942 0 X N/A X 1974 CT THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL CONNECTICUT STATE UNIVERSITY. 14 14 1 45 0 0 2563176 2275221 426533 175513 2882452 5198359 2628 -2 5874789 7649091 4108244 3370925 0 0 95310 50914 0 0 0 1466210 1586705 5669764 5008544 205025 2640547 96202485 102355827 2300541 1891739 93901944 100464088 X THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL CONNECTICUT STATE UNIVERSITY. 0 0 2410440 2359392 STUDENT SUPPORT-TO ADMINISTER SCHOLARSHIP FUNDS IN KEEPING WITH THE SPECIFIC REQUESTS OF THE DONOR. 1026951 718441 AUXILIARY-TO ASSIST UNIVERSITY WITH SPECIAL AUXILIARY PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE. 468250 226041 ACADEMIC ENRICHMENT-ASSIST UNIVERSITY WITH SPECIAL ACADEMIC ENRICHMENT PROGRAMS. 154438 67051 175513 INSTITUTIONAL ENRICHMENT-ASSIST UNIVERSITY IN FUNDING SPECIAL INSTITUTIONAL ENRICHMENT PROJECTS WHEN FUNDING WOULD NOT OTHERWISE BE AVAILABLE. 154438 67051 175513 4060079 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 30 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT X X BEKKA PODGORSKI 8608320711 P O BOX 612 NEW BRITAIN CT 06050 ANABELLE DIAZ-SANTIAGO DIRECTOR 0.50 X 0 0 0 ANTHONY S TORSIELLO DIRECTOR 0.50 X 0 0 0 CHARLES JONES JR DIRECTOR 0.50 X 0 0 0 CURTIS WIGGINS DIRECTOR 0.50 X 0 0 0 JAMES NEALY DIRECTOR 0.50 X 0 0 0 JANET NAHORNEY DIRECTOR 0.50 X 0 0 0 JOSEPH MATTHEW JR DIRECTOR 0.50 X 0 0 0 KRISTINE LARSEN DIRECTOR 0.50 X 0 0 0 MARC LENNON OUTGOING DIRECTOR 0.50 X 0 0 0 MARIA FALVO DIRECTOR 0.50 X 0 0 0 RACHEL MULI TREASURER 2.00 X X 0 0 0 RICHARD D DONOVAN VICE CHAIR 2.00 X X 0 0 0 RICHARD SPADA DIRECTOR 0.50 X 0 0 0 ULULY MARTINEZ CHAIR 2.00 X X 0 0 0 WALDERMAR KOSTRZEWA PAST CHAIR 0.50 X X 0 0 0 JENNIFER DESTEFANI INTERIM EXCUTIVE DIRECTOR 4.00 36.00 X 0 41152 8933 MICHAEL SHIPPAM OUTGOING EXECUTIVE DIRECTOR 4.00 36.00 X 0 0 0 0 41152 8933 0 0 0 0 SHIPMAN & GOODWIN LLP ONE CONSTITUTION PLAZA HARTFORD CT 06103 LEGAL CONSULTATION 120140 1 47656 28751 2198814 29854 2275221 PROGRAM REVENUE 900099 175513 175513 175513 4316663 4316663 13860671 12978975 881696 881696 881696 25874 47656 25876 -2 -2 7649091 175513 0 5198357 789319 789319 2581606 2581606 50914 50914 93418 93418 203810 203810 437758 437758 171924 88933 82991 13207 10253 2954 25678 25678 203926 161146 42780 9617 916 8701 SUPPLIES & EQUIPMENT 201786 189684 12102 SUBSCRIPTIONS AND SOFTW 107276 53642 53634 STIPENDS AND CONTRACT S 48888 35750 13138 MEMBER PROGRAM 27909 13904 14005 41508 41508 5008544 4060079 948465 0 2659939 1883310 868 1041665 490209 875324 37860 6299 532266 183876 532266 92017598 97135679 812135 881284 96202485 102355827 2203500 1785596 97041 106143 2300541 1891739 X 2221511 2379030 91680433 98085058 93901944 100464088 96202485 102355827 X 2640547 3881691 39906 X 0 1 X 1 0 X 2534105 3109966 3506217 2563176 2275221 13988685 2534105 3109966 3506217 2563176 2275221 13988685 13988685 1627902 2603617 8057093 4387852 4316663 20993127 5536 2628 8164 56059 42161 98220 35088196 897175 0.39870 0.47470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 56,059. 2020 AMOUNT: $ 42,161. FORM 990 SCHEDULE A THE FOUNDATION WAS FORMED FOR THE PURPOSE OF SUPPLEMENTING INSTITUTIONAL ENRICHMENT, STUDENT SUPPORT UNIVERSITY PROGRAMS AND ACADEMIC ENRICHMENT OF CENTRAL CT STATE UNIVERSITY. IN COLLABORATION WITH THE UNIVERSITY, THE FOUNDATION SOLICITS DONATIONS OF MONIES, SECURITIES OR PROPERTIES, AND ACTS AS CUSTODIAN FOR FUNDS AND PROPERTY RECEIVED. THE FOUNDATION THEN DISBURSES SUCH FUNDS, PROPERTY, OR THE INCOME THEREFROM IN AIDING, SUPPLEMENTING, IMPROVING, AND ENLARGING THE EDUCATIONAL, CULTURAL AND RESEARCH FACILITIES AND ACTIVITIES OF THE UNIVERSITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57000 X SUPPORTING ART OF EDUCATION 0 86115648 623903 7495024 2597980 193902 91442693 82059761 1018747 6177579 3048821 91618 86115648 89058029 3655989 -7821855 2814255 18147 82059761 72001822 1690719 17831096 2197595 268013 89058029 67198144 1049028 993713 1601798 491784 -4854519 72001822 0.00209 0.60299 0.39492 0 0 532266 532266 532266 CLASS ACCOUNTS 106143 106143 X 12890897 3881691 1732091 5613782 7277115 437758 -65782 371976 7649091 6328752 1732091 25876 1757967 4570785 437758 437758 5008543 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL AND STATE INFORMATIONAL RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024. IF THE FOUNDATION HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. FORM 990 SCHEDULE D ENDOWMENT PART V A RECLASSIFICATION AMOUNT WAS FLOWED THROUGH ADMINISTRATIVE EXPENSES LINE FOR 2019 AND 2020 IN ORDER TO ALLIGN THE 990 WITH THE ENDING BALANCE OF THE ENDOWMENT FUND PER THE FINANCIAL STATEMENT ENDOWMENT FOOTNOTE. GOLF TOURNAMENT 59535 38751 20784 1825 8036 10044 WINE TASTING 13995 8905 5090 5971 73530 47656 25874 1825 8036 16015 25876 -2 1 CENTRAL CT STATE UNIVERSITY 1615 STANLEY STREET NEW BRITAIN CT 06050 061303381 501(C)(3) 789319 0 SUPPORT CCSU PROGRAMS 1 TUITION & FEES AT CCSU 1621 2581603 SCHOLARSHIP ASSISTANCE PART I, LINE 2: THE FOUNDATION MONITORS GRANTS IN CONJUNCTION WITH THE UNIVERSITY INSTITUTIONAL ADVANCEMENT AND POST-AWARD GRANT OFFICES. THE FOUNDATION COORDINATES WITH THESE OFFICES DURING ALL PHASES OF THE LIFE OF THE GRANT, INCLUDING APPLICATION THROUGH EXPENDITURE REPORTING TO THE GRANTOR. MANAGEMENT EVALUATES THE STATUS OF OUTSTANDING GRANTS DURING REGULAR MEETINGS WITH UNIVERSITY STAFF. X 3 29854 FWV 0 1 1 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE UNIVERSITY IS USED (THROUGH THE INSTITUTIONAL ADVANCEMENT DEPT) TO SOLICIT NONCASH (STOCK) CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED ALACARTE-SOLUTIONS FOR ACCOUNTING AND HUMAN RESOURCES FOR FINANCIAL SERVICES. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATIONS AND INDIVIDUALS WITHIN THE UNIVERSITY HAVE THE AUTHORITY TO APPOINT SPECIFIC EX-OFFICIO POSITIONS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B DISTRIBUTED TO FINANCE COMMITTEE OF BOARD OF DIRECTORS FOR REVIEW AND APPROVAL AND SUBMITTED TO BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY IS REQUIRED TO REVIEW THE CONFLICTS OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST. THIS IS DONE ON AN ANNUAL BASIS. A CONFLICTS OF INTEREST DISCLOSURE STATEMENT IS SIGNED BY EACH MEMBER ANNUALY AND RETAINED BY CCSU FOUNDATION, INC. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND BYLAWS ARE MADE AVAILABLE TO THE PUBLIC ONLINE. ANY OTHER DOCUMENTS SUCH AS THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF THIRD PARTY TRUSTS 39,906. CENTRAL CT STATE UNIVERSITY 1615 STANLEY STREET NEW BRITAIN CT 06050 061303381 EDUCATION CT 501(C)(3) LINE 6 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0