Nonprofit · EIN 23-7208882
SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC
Tax-exempt · NEW HAVEN, CT 06515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,522,163 | $5,325,004 | -$802,841 | $58,662,738 | $1,061,385 | $57,601,353 |
| June 30, 2024 | 990 | $5,023,090 | $5,175,087 | -$151,997 | $54,824,911 | $1,064,239 | $53,760,672 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,587,967
- Program service revenue
- $95,617
- Investment income
- $1,844,883
- Net gain from sales of assets
- $1,798,925
- Net income from fundraising events
- -$6,304
- Other revenue
- -$6,304
Expenses
- Grants and similar amounts paid
- $4,857,384
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $25,579
- Accounting fees
- $39,669
- Occupancy
- $2,307
- Travel
- $1,044
- Program services (functional)
- $4,857,384
- Management and general (functional)
- $467,620
Balance sheet and other
- Total assets, start of year
- $54,824,911
- Total assets, end of year
- $58,662,738
- Total liabilities, end of year
- $1,061,385
- Net assets, end of year
- $57,601,353
- Net assets without donor restrictions
- $5,089,557
- Net assets with donor restrictions
- $52,511,796
- Gross receipts
- $10,935,187
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1972
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER BORAJKIEWICZ | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| EDMUND MARCARELLI | DIRECTOR Trustee or director | 2 | $0 |
| J PHILIP SMITH | DIRECTOR Trustee or director | 2 | $0 |
| JACQUELYNN GAROFANO | DIRECTOR Trustee or director | 2 | $0 |
| JOCELYNNE RAINEY | DIRECTOR Trustee or director | 2 | $0 |
| JOHN EMRA | DIRECTOR Trustee or director | 2 | $0 |
| JON PEDERSEN | TREASURER Trustee or director, Officer | 2 | $0 |
| KRIS ADANTI-PEDERSEN | DIRECTOR Trustee or director | 2 | $0 |
| STACY FIELDS | ALUMNI REPRESENTATIVE Trustee or director | 2 | $0 |
| LOU GIANQUINTO | DIRECTOR Trustee or director | 2 | $0 |
| MARK TARINI | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL KINGAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| NORBERT WILLIAMSON | DIRECTOR Trustee or director | 2 | $0 |
| RUTH EREN | DIRECTOR Trustee or director | 2 | $0 |
| ASHLEY TISBERT-HARMON | SECRETARY Trustee or director, Officer | 2 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON MISASI | DIRECTOR Trustee or director | 2 | $0 |
| JAMES BARBER | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL ARIAS | DIRECTOR Trustee or director | 2 | $0 |
| PATRICK MORRISON | DIRECTOR Trustee or director | 2 | $0 |
| MARC NIVET | DIRECTOR Trustee or director | 2 | $0 |
| MARK STEVENS | DIRECTOR Trustee or director | 2 | $0 |
| RON STEWART | DIRECTOR Trustee or director | 2 | $0 |
| JACKIE BURKE | DIRECTOR Trustee or director | 2 | $0 |
| TERRIE ESTES | DIRECTOR Trustee or director | 2 | $0 |
| THOM VOLL | DIRECTOR Trustee or director | 2 | $0 |
| KRISTA HAYES | FINANCE DIRECTOR Officer | 35 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER BORAJKIEWICZ | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| DAVID VANCE | DIRECTOR Trustee or director | 2 | $0 |
| EDMUND MARCARELLI | DIRECTOR Trustee or director | 2 | $0 |
| J PHILIP SMITH | DIRECTOR Trustee or director | 2 | $0 |
| JACQUELYNN GAROFANO | DIRECTOR Trustee or director | 2 | $0 |
| JOCELYNNE RAINEY | DIRECTOR Trustee or director | 2 | $0 |
| JOHN EMRA | DIRECTOR Trustee or director | 2 | $0 |
| JON PEDERSEN | TREASURER Trustee or director, Officer | 2 | $0 |
| KRIS ADANTI-PEDERSEN | DIRECTOR Trustee or director | 2 | $0 |
| STACY FIELDS | ALUMNI REPRESENTATIVE Trustee or director | 2 | $0 |
| LINDY GOLD | DIRECTOR Trustee or director | 2 | $0 |
| LOU GIANQUINTO | DIRECTOR Trustee or director | 2 | $0 |
| MARK TARINI | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL KATZ | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL KINGAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| NORBERT WILLIAMSON | DIRECTOR Trustee or director | 2 | $0 |
| RUTH EREN | DIRECTOR Trustee or director | 2 | $0 |
| ASHLEY TISBERT-HARMON | DIRECTOR Trustee or director | 2 | $0 |
| SHARON MISASI | DIRECTOR Trustee or director | 2 | $0 |
| JAMES BARBER | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL ARIAS | DIRECTOR Trustee or director | 2 | $0 |
| PATRICK MORRISON | DIRECTOR Trustee or director | 2 | $0 |
| MARC NIVET | DIRECTOR Trustee or director | 2 | $0 |
| MARK STEVENS | DIRECTOR Trustee or director | 2 | $0 |
| RON STEWART | DIRECTOR Trustee or director | 2 | $0 |
| KRISTA HAYES | BUSINESS MANAGER Officer | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 501 CRESCENT ST, NEW HAVEN, CT 06515-1330
- Principal officer (990 for 2024)
- JON PEDERSEN, 501 CRESCENT STREET, NEW HAVEN, CT 06515
- Signed the 990
- JON PEDERSEN, TREASURER OF THE BOARD
- Phone
- (203) 392-6191
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") EXISTS TO ASSIST SOUTHERN CONNECTICUT STATE UNIVERSITY (THE "UNIVERSITY") IN FULFILLING ITS MISSION AND ACHIEVING ITS VISION THROUGH THE DEVELOPMENT, STEWARDSHIP, AND DELIVERY OF PRIVATE FINANCIAL RESOURCES. THE FOUNDATION DELIVERS FINANCIAL MANAGEMENT OF THE PRIVATE RESOURCES RECEIVED THROUGH THE INVESTMENT OF CONTRIBUTIONS FOR ANY OR ALL OF THE EDUCATIONAL SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY THE UNIVERSITY.
Program accomplishments
- SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY.Expenses $2,100,960 · grants $2,100,960
- UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY.Expenses $2,103,276 · grants $2,103,276 · revenue $32,025
- UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS.Expenses $653,148 · grants $653,148 · revenue $63,592
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7208882
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $58,662,738
- Income (IRS master file)
- $10,935,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,522,163 | $5,325,004 | $58,662,738 | IRS |
| 990 | June 2024 | $5,023,090 | $5,175,087 | $54,824,911 | XML |
| 990 | June 2023 | $4,744,595 | $4,131,363 | $49,811,036 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7208882).
Questions about SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC
- What is the EIN of SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC is 23-7208882.
- Is SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JON PEDERSEN.
- Who are the officers and directors of SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,522,163, expenses of $5,325,004 and total assets of $58,662,738 at year end.
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