Nonprofit · EIN 06-1513293
ION BANK FOUNDATION INC
Tax-exempt · NAUGATUCK, CT 06770
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,176,316 | $1,285,776 | -$109,460 | $15,263,658 | $0 | $15,263,658 |
| December 31, 2024 | 990-PF | $2,797,555 | $1,121,833 | $1,675,722 | $14,819,407 | $0 | $14,819,407 |
| December 31, 2023 | 990-PF | $836,609 | $1,324,628 | -$488,019 | $13,950,608 | $0 | $13,950,608 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $300
- Dividends
- $441,797
- Interest
- $5,263
- Net gain from sales of assets
- $728,656
- Other income
- $300
Expenses
- Grants and similar amounts paid
- $1,049,082
- Compensation of officers, directors and key employees
- $75,000
- Disbursements for charitable purposes
- $1,184,940
- Excise tax on investment income
- $16,078
Balance sheet and other
- Total assets, start of year
- $14,819,407
- Total assets, end of year
- $15,263,658
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,263,658
- Fair market value of assets
- $15,263,658
- Qualifying distributions
- $1,184,940
- Net investment income
- $1,175,716
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN BROCHHAUSEN 251 CHURCH ST, NAUGATUCK, CT 06770 | EXECUTIVE DIRECTOR | 20 | $75,000 |
| ANDREW SKIPP 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| CHARLES J BOULIER III 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| DANA SILVA 251 CHURCH ST, NAUGATUCK, CT 06770 | SENIOR VICE PRESIDENT, SECRETARY | 1 | $0 |
| DAVID J ROTATORI 251 CHURCH ST, NAUGATUCK, CT 06770 | PRESIDENT & CHAIR | 1 | $0 |
| DAVID SCELBA 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| GARY O'CONNOR 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| GINGER FENNELL 251 CHURCH ST, NAUGATUCK, CT 06770 | SENIOR VICE PRESIDENT | 0 | $0 |
| KALIM JAN 251 CHURCH ST, NAUGATUCK, CT 06770 | SENIOR VICE PRESIDENT, TREASURER | 0 | $0 |
| RAY LEONZI 251 CHURCH ST, NAUGATUCK, CT 06770 | SENIOR VICE PRESIDENT | 1 | $0 |
| KATHY TAYLOR 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| MICHELLE STRONZ 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| PATRICK CHARMEL 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| WILLIAM SAMUELSON 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW SKIPP 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| CHARLES J BOULIER III 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| DANA SILVA 251 CHURCH ST, NAUGATUCK, CT 06770 | SECRETARY | 0 | $0 |
| DAVID J ROTATORI 251 CHURCH ST, NAUGATUCK, CT 06770 | PRESIDENT & CEO | 0 | $0 |
| DAVID SCELBA 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| GARY O'CONNOR 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| GINGER FENNELL 251 CHURCH ST, NAUGATUCK, CT 06770 | TREASURER | 0 | $0 |
| KATHLEEN BROCHHAUSEN 251 CHURCH ST, NAUGATUCK, CT 06770 | EXECUTIVE DIRECTOR | 0 | $0 |
| KATHY TAYLOR 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| MICHELLE STRONZ 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| PATRICK CHARMEL 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| STEPHEN WIDMAN 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| WILLIAM SAMUELSON 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES J BOULIER III 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| DAVID J ROTATORI 251 CHURCH ST, NAUGATUCK, CT 06770 | PRESIDENT & CEO | 0 | $0 |
| STEPHEN WIDMAN 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| DAVID NURNBERGER 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| KATHLEEN MCPADDEN 251 CHURCH ST, NAUGATUCK, CT 06770 | OFFICER | 0 | $0 |
| GARY O'CONNOR 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| ANDREW SKIPP 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| WILLIAM SAMUELSON 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| PATRICK CHARMEL 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| MICHELLE STRONZ 251 CHURCH ST, NAUGATUCK, CT 06770 | DIRECTOR | 0 | $0 |
| DANA SILVA 251 CHURCH ST, NAUGATUCK, CT 06770 | OFFICER | 0 | $0 |
| GINGER FENNELL 251 CHURCH ST, NAUGATUCK, CT 06770 | OFFICER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 251 CHURCH ST, NAUGATUCK, CT 06770-4121
- Signed the 990-PF
- RAYMOND LEONZI, CHIEF FINANCIAL OFFICER
- Phone
- (203) 729-5291
- Return prepared by
- WHITTLESEY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 06-1513293
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $15,263,658
- Income (IRS master file)
- $10,657,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,176,316 | $1,285,776 | $15,263,658 | IRS |
| 990-PF | December 2024 | $2,797,555 | $1,121,833 | $14,819,407 | IRS |
| 990-PF | December 2023 | $836,609 | $1,324,628 | $13,950,608 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 06-1513293).
Questions about ION BANK FOUNDATION INC
- What is the EIN of ION BANK FOUNDATION INC?
- The employer identification number (EIN) of ION BANK FOUNDATION INC is 06-1513293.
- Is ION BANK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to ION BANK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ION BANK FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ION BANK FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ION BANK FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of ION BANK FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $75,000 (KATHLEEN BROCHHAUSEN, EXECUTIVE DIRECTOR).
- How much revenue does ION BANK FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,176,316, expenses of $1,285,776 and total assets of $15,263,658 at year end.
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