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THE CCSU FOUNDATION, INC. WAS CREATED IN 1971, AT THE REQUEST OF THE UNIVERSITY, AS A VEHICLE TO OBTAIN PRIVATE CONTRIBUTIONS TO SUPPORT EDUCATIONAL PROGRAMS AND RESEARCH AT CENTRAL CONNECTICUT STATE UNIVERSITY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$7.6M
Program Spending
81%
of total expenses go to program services
Total Contributions
$2.3M
Total Expenses
▼$5M
Total Assets
$102.4M
Total Liabilities
▼$1.9M
Net Assets
$100.5M
Officer Compensation
→N/A
Other Salaries
$50.9K
Investment Income
$5.2M
Fundraising
▼$25.9K
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $789.3K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
CENTRAL CT STATE UNIVERSITY | NEW BRITAIN, CT | $789.3K | Cash | SUPPORT CCSU PROGRAMS |
| Total | $789.3K | |||
CENTRAL CT STATE UNIVERSITY
NEW BRITAIN, CT
$789.3K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $7.6M | $2.3M | $5M | $102.4M | $100.5M |
| 2022 | $11.7M | $3.5M | $5.5M | $90.3M | $89.6M |
| 2021 | $8.6M | $3.1M | $4.1M | $99.8M | $99.4M |
| 2020 | $5.1M | $2.5M | $4.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jennifer Destefani | Interim Excutive Director | 4 | $0 | $41.2K | $8,933 | $50.1K |
| Rachel Muli | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Richard D Donovan | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Ululy Martinez | Chair | 2 | $0 | $0 | $0 | $0 |
| Waldermar Kostrzewa | Past Chair | 0.5 | $0 | $0 | $0 | $0 |
| Michael Shippam | Outgoing Executive Director | 4 | $0 | $0 | $0 | $0 |
Jennifer Destefani
Interim Excutive Director
$50.1K
Hrs/Wk
4
Compensation
$0
Related Orgs
$41.2K
Other
$8,933
Rachel Muli
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Richard D Donovan
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Ululy Martinez
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Waldermar Kostrzewa
Past Chair
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Shippam
Outgoing Executive Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Anabelle Diaz-Santiago | Director | 0.5 | $0 | $0 | $0 | $0 |
| Anthony S Torsiello | Director | 0.5 | $0 | $0 | $0 | $0 |
| Charles Jones Jr | Director | 0.5 | $0 | $0 | $0 | $0 |
| Curtis Wiggins | Director | 0.5 | $0 | $0 | $0 | $0 |
| James Nealy | Director | 0.5 | $0 | $0 | $0 | $0 |
| Janet Nahorney | Director |
Anabelle Diaz-Santiago
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Anthony S Torsiello
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Charles Jones Jr
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $81.2M |
| $80.7M |
| 2019 | $11M | $4.8M | $4.6M | $81.8M | $81.2M |
| 2018 | $9.8M | $5.2M | $4.3M | $77.7M | $77M |
| 2017 | $5.8M | $3.7M | $3.6M | $71.2M | $70.7M |
| 2016 | $7.2M | $3.9M | $3.5M | $62.7M | $62.5M |
| 2015 | $8.1M | $2.9M | $3M | $62.7M | $62.4M |
| 2014 | $12.6M | $8.5M | $3M | $61.5M | $60.8M |
| 2013 | $6M | $2.7M | $3.2M | $48.2M | $47.7M |
| 2012 | $7.4M | $6M | $2.1M | $43M | $42.8M |
| 2011 | $8.8M | $7.4M | $1.7M | $38.5M | $38.3M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Joseph Matthew Jr | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kristine Larsen | Director | 0.5 | $0 | $0 | $0 | $0 |
| Marc Lennon | Outgoing Director | 0.5 | $0 | $0 | $0 | $0 |
| Maria Falvo | Director | 0.5 | $0 | $0 | $0 | $0 |
| Richard Spada | Director | 0.5 | $0 | $0 | $0 | $0 |
Curtis Wiggins
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
James Nealy
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Janet Nahorney
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Matthew Jr
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kristine Larsen
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Marc Lennon
Outgoing Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Maria Falvo
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Richard Spada
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0