2026-03-30T10:07:14-05:00 2025-06-30 873707167 CBIZ ADVISORS LLC 4 MANHATTANVILLE ROAD SUITE 402 PURCHASE NY 10577 990 2024-07-01 066080293 NORWALK COMMUNITY COLLEGE FOUNDATION INC NORW 2038577262 188 RICHARDS AVENUE E311 NORWALK CT 068541655 NANCY VON EULER CEO 2038577261 2026-03-26 1 1 MAGDALENA CZERNIAWSKI P00535099 9145249000 2026-03-26 2024 2025-03-06 01:10:19Z NANCY VON EULER 188 RICHARDS AVENUE E311 NORWALK CT 068541655 24042250 0 X HTTPS://NCC-FOUNDATION.ORG X 1965 CT FUNDRAISING FOR SCHOLARSHIPS, PROGRAMS AND CAPITAL SUPPORT FOR CT STATE COMMUNITY COLLEGE NORWALK. 18 17 13 26 0 0 2289586 1932699 0 0 3195425 1497006 0 0 5485011 3429705 1921346 1815583 0 0 770688 785430 0 0 232882 334218 296548 3026252 2897561 2458759 532144 37961128 40414045 1762079 1218287 36199049 39195758 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 1492173 1218541 THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2024/2025 ACADEMIC YEAR, 579 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2025. 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. 731336 597042 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, 2025. 2223509 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 1 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/EXECUTIVE CHAIR 10.00 X X 0 0 0 ELLEN PETRINO DIRECTOR 1.00 X 0 0 0 GM O'CONNELL DIRECTOR 1.00 X 0 0 0 JERRY NIELSEN DIRECTOR/DEVELOPMENT CHAIR 1.00 X 0 0 0 JON GOLD DIRECTOR (OUTGOING) 4.00 X 0 0 0 JOSEPH R ZIMMEL DIRECTOR (OUTGOING) 1.00 X 0 0 0 KENNETH BERNHEIM DIRECTOR/VICE CHAIR 1.00 X 0 0 0 LAURA ERICKSON DIRECTOR/GOVERNANCE CHAIR 4.00 X X 0 0 0 LIVIA BARNDOLLAR DIRECTOR/SCHOLARSHIP CHAIR 4.00 X 0 0 0 NORADEEN FARLEKAS DIRECTOR/FINANCE CO-CHAIR 4.00 X 0 0 0 PHIL SNOW DIRECTOR/GRANT INV. TF CHAIR 1.00 X 0 0 0 PORSCHIA TURNER DIRECTOR 1.00 X 0 0 0 READ HUBBARD DIRECTOR 1.00 X 0 0 0 REBECCA WILSON DIRECTOR 1.00 X 0 0 0 ROBERT GRANATA DIRECTOR 1.00 X 0 0 0 TARA LOVANIO DIRECTOR/SECRETARY 1.50 X 0 0 0 TOM REYNOLDS DIRECTOR/TREASURER/FINANCE CO-CHAIR 4.00 X X 0 0 0 VASSO GYFTOPOULOS DIRECTOR (OUTGOING) 1.00 X 0 0 0 VINCENT A MURPHY DIRECTOR 50.00 X X 113400 0 2268 VINJAY GANDHI DIRECTOR/AUDIT CHAIR 1.00 X 0 0 0 KRIS YEAGER CFO 50.00 X 128464 0 24547 NANCY VON EULER PRESIDENT & CEO 50.00 X 91346 0 4238 333210 0 31053 2 0 1 0 0 1932699 40197 1932699 302897 302897 21806654 20612545 1194109 1194109 1194109 3429705 0 0 1497006 597042 597042 1218541 1218541 381432 158130 136407 86895 290495 141759 63674 85062 31961 14736 10911 6314 33782 14325 9839 9618 47760 21125 16310 10325 26834 26834 47000 47000 79163 79163 35266 13140 13461 8665 27176 15620 4540 7016 20198 8657 6228 5313 21793 9166 6487 6140 1601 1232 61 308 5531 2326 1646 1559 20894 3365 15310 2219 INCENTIVES & OTHER SUPP 7498 3050 2325 2123 MEMBERSHIP, DUES & SUB. 3594 1295 974 1325 2897561 2223509 441170 232882 80067 198431 6575034 5241017 1000 5209 17087 77827 66546 14205 11281 31285613 32862473 2083756 37961128 40414045 172853 31139 1432208 1152381 157018 34767 1762079 1218287 X 3981157 4777876 32217892 34417882 36199049 39195758 37961128 40414045 532144 2464565 0 X X 0 1 X 1 0 X 2310854 3540286 3128929 2289586 1932699 13202354 2310854 3540286 3128929 2289586 1932699 13202354 1367090 11835264 448967 560848 877045 664074 302897 2853831 16056185 0.73710 0.68520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26751890 18700 3240981 882216 52068 29077287 24477298 256348 3108620 1022317 68059 26751890 22870644 120550 2374801 888696 24477299 27466722 119461 -3315093 1400446 22870644 22328788 101537 6075117 1038720 27466722 0.58048 0.41953 1 0 22898 22898 0 54929 43648 11281 11281 COMMONFUND STRATEGIC 2018437 C VENTURE PARTNERS XV, LP 65319 C 2083756 REFUNDABLE ADVANCES 34767 34767 X 5816250 2464565 1143 2465708 3350542 79163 79163 3429705 2819541 1143 1143 2818398 79163 79163 2897561 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: E. THE FOUNDATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. 1 CT STATE COMMUNITY COLLEGE NORWALK 188 RICHARDS AVENUE NORWALK CT 06854 061425725 115 597042 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 0 SCHOLARSHIPS 579 1218541 0 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. X X 0 0 0 0 0 0 0 0 0 KRIS YEAGER CFO 128464 0 0 0 0 0 12634 0 11913 0 153011 0 0 0 X 2 37067 FMV X SUPPLIES 1 3130 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 4 THE NORWALK COMMUNITY COLLEGE FOUNDATION'S CERTIFICATE OF INCORPORATION HAS BEEN AMENDED MULTIPLE TIMES OVER ITS 60-YEAR HISTORY. AS ADVISED BY COUNSEL, THE FOUNDATION LEADERSHIP RESTATED ITS CERTIFICATE OF INCORPORATION TO CLARIFY THE FOUNDATION'S PURPOSE, UPDATE ENTITY NAMES, AND ADD A SUCCESSOR ENTITY PROVISION. 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.