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Nonprofit · EIN 06-0969831

CHARTER OAK STATE COLLEGE FOUNDATION INC

Tax-exempt · NEW BRITAIN, CT 06051

Financials

$415K$414K2022$1.3M$1.3M2023$446K$543K2024
Revenue Expenses · by fiscal year end
Financials of CHARTER OAK STATE COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$445,773$542,753-$96,980$2,896,440$0$2,896,440
June 30, 2024990$1,250,251$1,289,131-$38,880$2,805,322$0$2,805,322
June 30, 2023990$414,810$413,554$1,256$2,642,214$0$2,642,214
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$332,481
of which government grants
$224,020
Program service revenue
$0
Investment income
$113,292
Net gain from sales of assets
$37,839
Other revenue
$0

Expenses

Grants and similar amounts paid
$401,675
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$14,145
Accounting fees
$57,700
Program services (functional)
$416,086
Management and general (functional)
$100,521
Fundraising (functional)
$26,146

Balance sheet and other

Total assets, start of year
$2,805,322
Total assets, end of year
$2,896,440
Total liabilities, end of year
$0
Net assets, end of year
$2,896,440
Publicly traded securities
$2,623,187
Net assets without donor restrictions
$480,859
Net assets with donor restrictions
$2,415,581
Gross receipts
$694,934
Employees
0
Volunteers
0
Year formed
1977
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.

NameTitleHours / weekCompensation
GLENN DAVISPRESIDENT
Trustee or director, Officer
1$0
ALBERT SCHMIDVICE PRESIDENT
Trustee or director, Officer
1$0
JOE WAXMANSECRETARY
Trustee or director, Officer
1$0
JULIO CASIANOTREASURER
Trustee or director, Officer
1$0
TONY DISORBODIRECTOR
Trustee or director
1$0
SEAN DOHERTYDIRECTOR
Trustee or director
1$0
SUSAN LEWISDIRECTOR
Trustee or director
1$0
KATHRYN MASTANDREADIRECTOR
Trustee or director
1$0
MARY MCCALLISTERDIRECTOR
Trustee or director
1$0
SHONDA MCLENNONDIRECTOR
Trustee or director
1$0
PADRIC NOONANDIRECTOR
Trustee or director
1$0
BETSY UDALDIRECTOR
Trustee or director
1$0
ALBERT SCHMIDDIRECTOR
Trustee or director
1$0
JOYCE PETRELLAIMMEDIATE PAST PRESIDENT
Trustee or director
1$0
CAROL HALLEXECUTIVE DIRECTOR
Officer
15$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
JOYCE PETRELLAPRESIDENT
Trustee or director, Officer
0$0
GLENN DAVISVICE PRESIDENT
Trustee or director, Officer
0$0
JOE WAXMANSECRETARY
Trustee or director, Officer
0$0
TONY DISORBODIRECTOR
Trustee or director
0$0
JULIO CASIANOTREASURER
Trustee or director
0$0
PAUL CHAPLINSKYDIRECTOR
Trustee or director
0$0
KATHRYN MASTANDREADIRECTOR
Trustee or director
0$0
SUSAN LEWISDIRECTOR
Trustee or director
0$0
MARY MCCALLISTERDIRECTOR
Trustee or director
0$0
DANIEL PURUSHOTHAMDIRECTOR
Trustee or director
0$0
ALBERT SCHMIDDIRECTOR
Trustee or director
0$0
SEAN DOHERTYDIRECTOR
Trustee or director
0$0
CAROL HALLEXECUTIVE DIRECTOR
Officer
0$0
990 for the year ended June 30, 2023: 16 people
NameTitleHours / weekCompensation
NEAL CUNNINGHAMPRESIDENT
Trustee or director, Officer
0$0
JOYCE PETRELLAVICE PRESIDENT
Trustee or director, Officer
0$0
GLENN DAVISTREASURER
Trustee or director, Officer
0$0
JOE WAXMANSECRETARY
Trustee or director, Officer
0$0
TRACY ALLENDIRECTOR
Trustee or director
0$0
MARCIA ANDERSON-ESSONDIRECTOR
Trustee or director
0$0
DAVID CALIBEYDIRECTOR
Trustee or director
0$0
JULIO CASIANODIRECTOR
Trustee or director
0$0
ANNE ELWELLDIRECTOR
Trustee or director
0$0
JASON JAKUBOWSKIDIRECTOR
Trustee or director
0$0
CECILIA KOZLOWSKIDIRECTOR
Trustee or director
0$0
SUSAN LEWISDIRECTOR
Trustee or director
0$0
DANIEL PURUSHOTHAMDIRECTOR
Trustee or director
0$0
STEVEN TAYLORDIRECTOR
Trustee or director
0$0
BETSY UDALDIRECTOR
Trustee or director
0$0
CAROL HALLEXECUTIVE DIRECTOR
Officer
0$0

Address and contacts

Address (IRS master file)
185 MAIN STREET, NEW BRITAIN, CT 06051-2296
In care of
% BSAA
Principal officer (990 for 2024)
GLENN DAVIS, 185 MAIN STREET, NEW BRITAIN, CT 06051
Signed the 990
GLENN DAVIS, PRESIDENT
Phone
(860) 515-3889
Return prepared by
WHITTLESEY PC

Mission

THE MISSION OF THE CHARTER OAK STATE COLLEGE FOUNDATION IS TO EXPAND ACCESS TO HIGHER EDUCATION BY SUPPORTING CHARTER OAK STATE COLLEGE STUDENTS AND PROGRAMS THROUGH PRIVATE PHILANTHROPY. THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, DEGREE COMPLETION ASSISTANCE, AND RELATED SUPPORT TO REDUCE FINANCIAL BARRIERS, PROMOTE EDUCATIONAL EQUITY, AND ADVANCE ECONOMIC AND CAREER MOBILITY. THROUGH DONOR AND ENDOWMENT SUPPORT, THE FOUNDATION SEEKS TO IMPROVE OUTCOMES FOR STUDENTS AND GRADUATES WHILE STRENGTHENING THE WORKFORCE AND THE COMMUNITIES SERVED BY THE COLLEGE.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION AWARDS SCHOLARSHIPS AND GRANTS TO APPROXIMATELY 150 STUDENTS ANNUALLY TO REDUCE FINANCIAL BARRIERS TO PURSUING, CONTINUING, AND COMPLETING HIGHER EDUCATION. SUPPORT INCLUDES SCHOLARSHIPS, TECHNOLOGY ASSISTANCE, DEGREE COMPLETION AWARDS, PRIOR-LEARNING ASSESSMENT SUPPORT, EMERGENCY FINANCIAL ASSISTANCE, AND STUDENTPARENT PROGRAMMING, INCLUDING WIT/PIIT INITIATIVES. IN ADDITION, THE FOUNDATION ADMINISTERS NAMED ENDOWMENT FUNDS, HELD IN PERPETUITY, THAT PROVIDE ONGOING SCHOLARSHIPS BASED ON DONOR-DEFINED CRITERIA.
    Expenses $252,399 · grants $237,988
  • PATHWAYS
    Expenses $96,270 · grants $96,270
  • WOMEN IN TRANSITION PROGRAM (WIT) - ESTABLISHED IN 2000 TO BREAK THE CYCLE OF POVERTY, THE WIT PROGRAM IS A PROVEN FORMULA THAT HELPS LOW-INCOME SINGLE MOTHERS EARN A COLLEGE DEGREE WITH NO TO MINIMAL DEBT. THE PROGRAM ELIMINATES BARRIERS SUCH AS, COVERS THE COST OF TUITION, FEES, AND BOOKS; AND PROVIDES THE NECESSARY TECHNOLOGY AND ACCESS. WHILE THE COLLEGE PLATFORM ADDRESSES HOME FRONT, CHILDCARE, AND TRANSPORTATION CHALLENGES; PLUS OFFERS ACADEMIC SUPPORT, TUTORING, AND COACHING. THE SUPPORT AND RESOURCES STRATEGICALLY REMOVE HINDRANCES, ENABLING STUDENTS TO FOCUS ON THEIR STUDIES AND REACH DEGREE COMPLETION. THE PROGRAM AWARDS ASSISTANCE TO APPROXIMATELY 35 WOMEN EACH ACADEMIC YEAR.
    Expenses $67,417 · grants $67,417

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
06-0969831
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1978
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,896,440
Income (IRS master file)
$694,934

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$445,773$542,753$2,896,440IRS
990June 2024$1,250,251$1,289,131$2,805,322IRS
990June 2023$414,810$413,554$2,642,214XML
990June 2022$245,523$172,621$2,434,416IRS
990June 2021–––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 06-0969831).

Questions about CHARTER OAK STATE COLLEGE FOUNDATION INC

What is the EIN of CHARTER OAK STATE COLLEGE FOUNDATION INC?
The employer identification number (EIN) of CHARTER OAK STATE COLLEGE FOUNDATION INC is 06-0969831.
Is CHARTER OAK STATE COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to CHARTER OAK STATE COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHARTER OAK STATE COLLEGE 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 CHARTER OAK STATE COLLEGE 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 CHARTER OAK STATE COLLEGE 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 CHARTER OAK STATE COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names GLENN DAVIS.
Who are the officers and directors of CHARTER OAK STATE COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
How much revenue does CHARTER OAK STATE COLLEGE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $445,773, expenses of $542,753 and total assets of $2,896,440 at year end.

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