2025-03-14T11:41:19-05:00 2024-06-30 873707167 CBIZ ADVISORS LLC 4 MANHATTANVILLE ROAD SUITE 402 PURCHASE NY 10577 990 2023-07-01 066080293 NORWALK COMMUNITY COLLEGE FOUNDATION INC NORW 2038577262 188 RICHARDS AVENUE E311 NORWALK CT 068541655 NANCY VON EULER CEO 2038577261 2025-03-12 1 0 MAGDALENA CZERNIAWSKI P00535099 9145249000 2025-03-12 2023 2025-03-06 01:10:19Z NANCY VON EULER 188 RICHARDS AVENUE E311 NORWALK CT 068541655 92107928 0 X HTTPS://NCC-FOUNDATION.ORG X 1965 CT FUNDRAISING FOR SCHOLARSHIPS, PROGRAMS AND CAPITAL SUPPORT FOR CT STATE COMMUNITY COLLEGE NORWALK. 23 23 8 30 0 0 3128929 2289586 0 0 1098908 3195425 0 0 4227837 5485011 2692673 1921346 0 0 741433 770688 0 0 287464 361817 334218 3795923 3026252 431914 2458759 35228337 37961128 2141561 1762079 33086776 36199049 X THE MISSION OF THE NORWALK COMMUNITY COLLEGE FOUNDATION IS THREEFOLD: 1) RAISE FUNDS FOR CT STATE COMMUNITY COLLEGE NORWALK PROGRAMS AND SCHOLARSHIPS. (2) INVEST, ADMINISTER AND DISTRIBUTE FUNDS SO THAT STUDENTS OF ALL AGES CONTINUE TO BENEFIT FROM CHALLENGING OPPORTUNITIES FOR SELF-IMPROVEMENT AND INTELLECTUAL GROWTH. (3) INSPIRE AND ENGAGE OUR COMMUNITY TO SHARE TALENTS AND RESOURCES. 0 0 1828610 1600564 THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2022/2023 ACADEMIC YEAR, 815 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2024. SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT AS WELL AS IMPORTANT FINANCIAL SUPPORT. OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR CT STATE NORWALK STUDENTS. THE FOUNDATION'S SCHOLARSHIP PROCESS IS COMPETITIVE AND ACADEMIC ACHIEVEMENT IS A PRIMARY CONSIDERATION. HOWEVER, FINANCIAL NEED, SPECIAL CIRCUMSTANCES AND PERSONAL QUALITIES ARE ALSO CONSIDERED IN AWARDING SCHOLARSHIPS. SCHOLARSHIP APPLICATIONS ARE ADMINISTERED ACCORDING TO POLICIES ESTABLISHED BY THE SCHOLARSHIP COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. 445980 320782 THE FOUNDATION SUPPORTS CT STATE COMMUNITY COLLEGE NORWALK TO FURTHER THE DEVELOPMENT OF THE STUDENT BODY BY PROVIDING FUNDING FOR A VARIETY OF PROGRAMS AND INITIATIVES. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2024. 2274590 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 8 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KRIS YEAGER CHIEF FINANCIAL OFFICER 2038577262 188 RICHARDS AVE SUITE E311 NORWALK CT 068541655 CATALINA HORAK DIRECTOR 1.00 X 0 0 0 DEBORAH C MCLEAN DIRECTOR/ CHAIR 10.00 X X 0 0 0 ESTER RAMIREZ-CEPEDA DIRECTOR 1.00 X 0 0 0 GM O'CONNELL DIRECTOR 1.00 X 0 0 0 GEORGE A REILLY DIRECTOR 1.00 X X 0 0 0 JERRY NIELSEN DIRECTOR 1.00 X 0 0 0 JON GOLD DIRECTOR/TREASURER 4.00 X X 0 0 0 JOSEPH R ZIMMEL DIRECTOR/VICE CHAIR 4.00 X X 0 0 0 KENNETH BERNHEIM DIRECTOR 1.00 X 0 0 0 LAURA ERICKSON DIRECTOR/SECRETARY 4.00 X X 0 0 0 LAURA STERNER DIRECTOR 1.00 X 0 0 0 LIVIA BARNDOLLAR DIRECTOR 4.00 X 0 0 0 NORADEEN FARLEKAS DIRECTOR 4.00 X 0 0 0 PHIL SNOW DIRECTOR 1.00 X 0 0 0 PORSCHIA TURNER DIRECTOR 1.00 X 0 0 0 READ HUBBARD DIRECTOR 1.00 X 0 0 0 ROBERT GRANATA DIRECTOR 1.00 X 0 0 0 SUSAN G WEINBERGER DIRECTOR 1.00 X 0 0 0 TARA LOVANIO DIRECTOR 1.50 X 0 0 0 TOM REYNOLDS DIRECTOR 1.00 X 0 0 0 VASSO GYFTOPOULOS DIRECTOR 1.00 X 0 0 0 VINJAY GANDHI DIRECTOR 1.00 X 0 0 0 WARREN PENA DIRECTOR 1.00 X 0 0 0 KRIS YEAGER CFO 50.00 X 136600 0 12866 NANCY VON EULER CEO 50.00 X 0 0 0 VINCENT A MURPHY INTERIM CEO 50.00 X 105385 0 923 241985 0 13789 2 0 0 0 0 2289586 1145 2289586 664074 664074 89154268 86622917 2531351 2531351 2531351 5485011 0 0 3195425 320782 320782 1600564 1600564 354020 146572 126279 81169 320189 114346 75124 130719 27808 9374 5784 12650 16787 6464 4953 5370 51884 19976 15313 16595 24645 24645 44075 44075 81838 81838 66036 2990 60879 2167 19153 8715 4121 6317 8472 3855 1823 2794 45691 20791 9831 15069 6497 2956 1398 2143 4663 2122 1003 1538 20121 9156 4329 6636 MEMBERSHIP, DUES & SUB. 10461 4760 2251 3450 INCENTIVES & OTHER SUPP 2566 1167 552 847 3026252 2274590 464198 287464 157712 80067 5896588 6575034 109000 1000 7301 5209 75220 61015 11517 14205 28988422 31285613 57797 35228337 37961128 30125 172853 1972719 1432208 138717 157018 2141561 1762079 X 3214673 3981157 29872103 32217892 33086776 36199049 35228337 37961128 2458759 653514 0 X X 0 1 X 1 0 X 3809918 2310854 3540286 3128929 2289586 15079573 3809918 2310854 3540286 3128929 2289586 15079573 2585459 12494114 603319 448967 560848 877045 664074 3154253 18233826 0.68520 0.64880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24477298 256348 3108620 1022317 68059 26751890 22870644 120550 2374801 888696 24477299 27466722 119461 -3315093 1400446 22870644 22328788 101537 6075117 1038720 27466722 22364115 308933 824740 1169000 22328788 0.63023 0.36977 1 0 20291 20291 0 54929 40724 14205 14205 REFUNDABLE ADVANCES 157018 157018 X 6057138 653514 451 653965 5403173 81838 81838 5485011 2944865 451 451 2944414 81838 81838 3026252 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT IS FOR SCHOLARSHIPS AND GRANTS TO CT STATE COMMUNITY COLLEGE NORWALK. PART X, LINE 2: THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF JUNE 30, 2024, THE FOUNDATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. 1 CT STATE COMMUNITY COLLEGE NORWALK 188 RICHARDS AVENUE NORWALK CT 06854 061425725 115 320782 0 CAMPUS SUPPORT INCLUDING FUNDING FACULTY POSITIONS IN CENTER FOR SCIENCE, COLLEGE ADVANCEMENT AND EMERGENCY GRANTS TO SUPPORT NON-RECURRING STUDENT CRITICAL NEEDS SUCH AS TECHNOLOGY FOR VIRTUAL LEARNING, FOOD, HOUSING, CHILDCARE, ETC. 1 SCHOLARSHIPS 813 1600564 COLLEGE SUPPORT INCLUDING FUNDING FACULTY POSITIONS IN CENTER FOR SCIENCE, COLLEGE ADVANCEMENT AND EMERGENCY GRANTS TO SUPPORT NON-RECURRING STUDENT CRITICAL NEEDS SUCH AS TECHNOLOGY FOR VIRTUAL LEARNING, FOOD, HOUSING, CHILDCARE, ETC. PART I, LINE 2: THE FOUNDATION EVALUATES THE COLLEGE'S REQUEST FOR FUNDING ANNUALLY AND PROVIDES SUPPORT BASED ON THE FUNDS AVAILABLE AND COMMITMENTS RECEIVED. THE COLLEGE SUBMITS TO THE FOUNDATION REGULAR FISCAL REPORTS AND NARRATIVE UPDATES ON THE PROJECTS BEING FUNDED. BEFORE SUBMITTING A BILL TO THE FOUNDATION, ALL GRANT PAYMENT REQUESTS ARE REVIEWED BY THE COLLEGE BUSINESS OFFICE WHICH COLLECTS THE BACKUP DATA SUCH AS SALARY REPORTS, PURCHASE ORDERS AND RECEIPTS. THE COLLEGE PROVIDES ALL THE BACKUP DOCUMENTATION TO THE FOUNDATION IN SUPPORT OF THE GRANT PAYMENTS. THE FOUNDATION SETS A BUDGET FOR SCHOLARSHIPS BASED ON THE FUNDS AVAILABLE. THE SCHOLARSHIP COMMITTEE ESTABLISHES POLICIES FOR SCHOLARSHIP ELIGIBILITY, WHICH ARE REVIEWED AND APPROVED BY THE BOARD AND SCHOLARSHIPS ARE AWARDED IN ACCORDANCE WITH APPROVED POLICIES. FOUNDATION PERSONNEL VERIFY ELIGIBILITY AGAIN PRIOR TO EACH SUCCESSIVE SEMESTER PAYMENT AFTER INITAL AWARD FOR FULL YEAR SCHOLARSHIPS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. FORM 990 IS ALSO REVIEWED BY THE AUDIT COMMITTEE, AND SUBSEQUENTLY DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD DIRECTORS AND THE PRESIDENT & CEO BY THE BOARD CHAIR OF THE FOUNDATION. THE QUESTIONNAIRE RESPONSES ARE THEN REVIEWED BY THE AUDIT COMMITTEE CHAIR, AND BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF THE PRESIDENT & CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE CONSIDERS THE SALARIES OF OTHER CEO'S DISCLOSED ON FORMS 990 OF SIMILAR NOT FOR PROFIT ORGANIZATIONS IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, ITS FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.