2024-05-07T08:53:31-05:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 237111053 ECSU FOUNDATION INC ECSU 8604654515 PO BOX 431 WILLIMANTIC CT 06226 JUSTIN MURPHY PRESIDENT 8604654515 2024-05-07 1 JUSTIN MURPHY 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2024-05-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUSTIN MURPHY PO BOX 431 WILLIMANTIC CT 06226 5477694 0 X HTTPS://ECSUFOUNDATION.COM X 1971 CT SUPPORT ALL FORMS OF EDUCATION, RESEARCH, SCHOLARSHIPS AND SPECIAL PROGRAMS AT EASTERN CONNECTICUT STATE UNIVERSITY 19 19 2 15 0 0 1624037 2007681 0 0 892627 703366 67025 -30434 2583689 2680613 1407552 1403281 0 0 91881 211664 12731 12230 125903 457759 466121 1969923 2093296 613766 587317 21101250 23569294 442841 1270633 20658409 22298661 X THE ECSU FOUNDATION, INC. IS DEDICATED TO THE SUPPORT OF EDUCATION, RESEARCH, SCHOLARSHIPS AND SPECIAL PROGRAMS AT EASTERN CONNECTICUT STATE UNIVERSITY. THE FOUNDATION IS DIRECTED BY A VOLUNTEER BOARD OF BUSINESS LEADERS AND CIVIC-MINDED FRIENDS OF THE UNIVERSITY. THE FOUNDATION SOLICITS FUNDS FOR A VARIETY OF PURPOSES CENTRAL TO THE HEALTH OF THE UNIVERSITY, INCLUDING STUDENT SCHOLARSHIPS (UNDERGRADUATE AND GRADUATE), LECTURESHIPS, EQUIPMENT, SPECIAL PROGRAMS AND NEW ACADEMIC INITIATIVES. THE FOUNDATION PROVIDES VITALLY NEEDED DOLLARS FOR A VARIETY OF PROJECTS AND PROGRAMS THAT ARE NOT FUNDED BY THE STATE BUDGET. FOUNDATION SCHOLARSHIPS CREATE THE CRITICAL MARGIN OF DIFFERENCE FOR STUDENTS WHO MIGHT OTHERWISE NOT BE ABLE TO ATTEND EASTERN CONNECTICUT STATE UNIVERSITY. 0 0 1595252 1403281 PROMOTION, ENCOURAGEMENT AND ASSISTANCE OF ALL FORMS OF EDUCATION, RESEARCH AND ATHLETICS AS IT RELATES TO EASTERN CONNECTICUT STATE UNIVERSITY. 1595252 1 1 0 0 0 0 1 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 86 0 1 2 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 CT X NAOMI LAMAS 8604654515 PO BOX 431 WILLIMANTIC CT 06226 X JUSTIN MURPHY PRESIDENT 1.50 X X 0 0 0 KATHLEEN M REGAN-PYNE VICE PRESIDENT 1.50 X X 0 0 0 DR STEVE WATTS JR SECRETARY 1.50 X X 0 0 0 ANNE IEZZI TREASURER 1.50 X X 0 0 0 TRACEY BOYDEN DIRECTOR 1.00 X 0 0 0 JEFFREY N BROWN DIRECTOR 1.00 X 0 0 0 WENDY ERNST DIRECTOR 1.00 X 0 0 0 JOSEPH D LOBE DIRECTOR 1.50 X 0 0 0 KATHLEEN FABIAN DIRECTOR 1.00 X 0 0 0 SARAH KANNAS DIRECTOR 1.00 X 0 0 0 MARLENE PICHE DIRECTOR 1.00 X 0 0 0 PAMELA RICCIO DIRECTOR 1.00 X 0 0 0 MAGDALENA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 BRIAN SULLIVAN DIRECTOR 1.00 X 0 0 0 ELLEN LANG DIRECTOR 1.00 X 0 0 0 DAVID A WHITEHEAD DIRECTOR 1.00 X 0 0 0 RUSSELL TIM WHITE DIRECTOR 1.00 X 0 0 0 TIMOTHY DEVIVO DIRECTOR 1.00 X 0 0 0 ANTHONY SPINELLA DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 45846 1961835 87907 2007681 456999 456999 12242 30618 -18376 -18376 -18376 2916225 2669858 246367 246367 246367 83732 45846 96605 -12873 -12873 815 815 815 2680613 815 0 672117 X 1403281 1403281 194555 194555 1263 1263 15846 15846 22928 22928 12230 12230 93094 93094 12100 12100 5336 5336 94950 90888 4062 41442 41442 3494 3494 FUNDRAISING, ALUMNI AND 95199 95199 UNIVERSITY PRESIDENTS E 29914 29914 PLAQUES AND RECOGNITION 18474 18474 UNIVERSITY LIAISON EXPE 18156 18156 31034 11571 19463 2093296 1595252 372141 125903 150556 257964 140024 140212 72169 180247 1650 32917 14384 14384 3106 3385 2518806 723909 1809805 1794897 17070131 19305863 1839425 1839425 21101250 23569294 430476 1263123 12365 7510 442841 1270633 X 657583 1129753 20000826 21168908 20658409 22298661 21101250 23569294 587317 1052935 0 X 0 1 X 1 0 X 1725284 1046605 1220374 1624037 2007681 7623981 1725284 1046605 1220374 1624037 2007681 7623981 501520 7122461 380330 384605 325604 385730 469241 1945510 27847 52850 70309 151006 100 389 815 1304 9721801 0.73260 0.73850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 100. 2021 AMOUNT: $ 389. 2022 AMOUNT: $ 815. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 1 68.00 1 0 0 1 0 0.00 0 1839425 X X X 0 16509400 879424 1614214 843797 18159241 18927957 677490 -1870891 1225156 16509400 16322515 420847 3059247 874652 18927957 16195303 370012 552887 795687 16322515 15757038 488381 888950 939066 16195303 0.00102 0.94995 0.04901 0 0 899200 899200 1350585 514347 836238 221143 196796 24347 47878 12766 35112 1794897 COLLECTIONS 1839425 1839425 X 3995964 1052935 258905 1311840 2684124 93094 -96605 -3511 2680613 2355712 258905 96605 355510 2000202 93094 93094 2093296 PART II, LINE 9: CHURCH FARM MUST BE USED AS AN EDUCATIONAL CENTER FOR THE BENEFIT OF EASTERN CONNECTICUT STATE UNIVERSITY'S STUDENTS AND THE COMMUNITY AT LARGE. CHURCH FARM CONSISTS OF APPROXIMATELY 110 ACRES OF GARDEN, WOODLANDS, PASTURE AND POND TOGETHER WITH A LARGE HOUSE FROM THE 18TH CENTURY AND A 100 YEAR OLD BARN. CHURCH FARM IS LISTED ON THE NATIONAL HISTORICAL REGISTRY. PART III, LINE 4: THE ARTWORK HELD BY THE FOUNDATION IS MADE UP OF PAINTINGS, DRAWINGS, AND SCULPTURES, WHICH WERE DONATED TO THE FOUNDATION OR PURCHASED FROM ARTISTS. THE COLLECTION OF ART HELPS SUPPORT THE UNIVERSITY'S ART PROGRAM AND THE ARTISTS BY DISPLAYING AND RECOGNIZING ARTWORK THROUGH PUBLIC DISPLAYS AND GALLERIES. PART V, LINE 4: THE FOUNDATION MAINTAINS THE ENDOWMENT TO PROVIDE SCHOLARSHIPS AND FUND EDUCATIONAL PROGRAMS AT EASTERN CONNECTICUT STATE UNIVERSITY. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, 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 INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -96,605. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 96,605. SEPT GOLF TOURNAMENT 30940 18181 12759 5959 9120 JUNE GOLF TOURNAMENT 27865 15685 12180 5681 6985 2 70773 11980 58793 11549 47244 10067 129578 45846 83732 23189 47244 26172 96605 -12873 1 EASTERN CONNECTICUT STATE UNIVERSITY 83 WINDHAM STREET WILLIMANTIC CT 06226 061277820 501(C)3 669550 0 TO FUND ACADEMIC/PROGRAM SUPPORT AND SCHOLARSHIPS FOR STUDENTS OF EASTERN CONNECTICUT STATE UNIVERSITY. 1 PART I, LINE 2: THE FOUNDATION SENDS TO THE OFFICE OF FINANCIAL AID AT EASTERN CONNECTICUT STATE UNIVERSITY, A LISTING OF AVAILABLE SCHOLARSHIPS WITH THE RELATED FUNDS/AMOUNT AND THE CRITERIA STUDENTS NEED TO MEET TO BE ELIGIBLE TO RECEIVE FUNDS. BASED ON THE CRITERIA, THE OFFICE OF FINANCIAL AID AND THE UNIVERSITY DETERMINE WHICH STUDENTS WILL RECEIVE AWARDS. AWARD LETTERS ARE THEN MAILED OUT TO RECIPIENTS. X 1 750 FMV X 1 35000 FMV X 5 43402 FMV X TICKETS 1 8755 FMV 1 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO SUBMITTING THE FORM 990 TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES. AN EMPLOYEE OF EASTERN CONNECTICUT STATE UNIVERSITY ACTS AS THE LIAISON BETWEEN THE UNIVERSITY AND THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. PART IX FUNDRAISING COLUMN FUNDRAISING EXPENSES ARE PRIMARILY BEING INCURRED BY THE UNIVERSITY. THE UNIVERSITY DONATES THEIR SERVICES THROUGH THE FOUNDATION TO ASSIST IN RAISING CHARITABLE CONTRIBUTIONS ON BEHALF OF THE FOUNDATION. THESE DONATED SERVICES FOR ACCOUNTING PURPOSES ARE INCLUDED IN GROSS CONTRIBUTIONS AND ARE THEN DEDUCTED AS AN EXPENSE ATTRIBUTABLE TO THE CONTRIBUTIONS. DONATED SERVICES ARE NOT INCLUDED IN PART IX OF THE 990 FOR TAX PURPOSES. THEY ARE REFLECTED AS A RECONCILING ITEM IN THE RECONCILIATION OF THE FINANCIAL STATEMENTS IN SCHEDULE D PART XI OF THE 990.