Norwalk Community College Foundation, Inc.

Transforming Lives...One Student at a Time

aka NCC Foundation | Norwalk, CT | http://ncc-foundation.org

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GuideStar Charity Check

EIN: 06-6080293

Contributions tax deductible
as of March 2023

IRS BMF 509(a)(1)
as of March 13, 2023

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Charity Check report

Mission

The mission of the NCC Foundation is three-fold: •Raise funds for NCC programs and scholarships •Invest, administer and distribute funds so that students of all ages continue to benefit from challenging opportunities for self-improvement and intellectual growth •Inspire and engage our community to share talents and resources.

Notes from the nonprofit

The Norwalk Community College Foundation (NCC Foundation) supports the people, programs, and ideas that strengthen our college and our community.

The Norwalk Community College Foundation, Inc. is a 501(c)(3) nonprofit organization designated by the State of Connecticut to receive and manage private gifts to Norwalk Community College. The Foundation awards approximately $1 million in scholarships every year; raises funds for program support, capital improvements, and faculty development; and works with major corporations and local organizations to provide internship and career opportunities for our students. The Foundation plays an essential role in the growth of NCC and its service to the community.

Ruling year info

1966

Chief Executive Officer

Carrie Bernier

Main address

188 Richards Avenue Suite E311

Norwalk, CT 06854 USA

Show more contact info

EIN

06-6080293

Subject area info

Community college education

Population served info

Adults

NTEE code info

Community/Junior College (B41)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

Our vision is to expand access to affordable, quality higher education, support the development of a productive workforce, and contribute to the knowledge and well-being of our community.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

NCC Programs

NCC Foundation: raises funds for scholarships, equipment, faculty development, and other other college programs; administers and manages the Foundation scholarship process and reports to donors, fosters awareness of NCC and it's participation in educational, cultural, and community activities; provides stewardship of endowed funds donated to the College; and develops special capital projects.

Mentoring Matters @ NCC

Mentoring programs: Dream Transfer Scholarship Mentors, First-time Students Mentors, Success Coaching

Population(s) Served

Adults

Where we work

External reviews

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of entrance scholarships and awards and exit scholarships

Totals By Year

Population(s) Served

Social and economic status, Ethnic and racial groups

Related Program

NCC Programs

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of students who receive scholarship funds and/or tuition assistance

Totals By Year

Population(s) Served

Ethnic and racial groups, Age groups, Social and economic status, Work status and occupations

Related Program

NCC Programs

Type of Metric

Context - describing the issue we work on

Direction of Success

Increasing

Context Notes

Number of first-entry undergraduate program students who identify themselves as 'visible minorities'or 'non-white'

Totals By Year

Population(s) Served

Ethnic and racial groups, Social and economic status

Related Program

NCC Programs

Type of Metric

Context - describing the issue we work on

Direction of Success

Increasing

Context Notes

Average age of first-time, full-time, first-year registrants in direct entry programs continuing to the following year

Totals By Year

Population(s) Served

Age groups

Related Program

NCC Programs

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

Our mission is three-fold:
•Raise funds for NCC programs and scholarships
•Invest, administer and distribute funds so that students of all ages continue to benefit from challenging opportunities for self-improvement and intellectual growth
•Inspire and engage our community to share talents and resources.

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We demonstrated a willingness to learn more by reviewing resources about feedback practice.

We shared information about our current feedback practices.

Who are the people you serve with your mission?

We serve the students, faculty and staff of Norwalk Community College, with scholarships, college advancement microgrants, an emergency fund, and academic support programs.
How is your organization collecting feedback from the people you serve?

Electronic surveys (by email, tablet, etc.), Paper surveys, Community meetings/Town halls, Constituent (client or resident, etc.) advisory committees,
How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,
What significant change resulted from feedback?

In the late fall of 2020, a survey was conducted at NCC to assess the types of challenges students were facing, and to what degree emergency aid could assist them. Their responses collectively voiced widespread financial hardship. Students reported dramatic changes in their lives. Typical challenges included loss of jobs or reduced hours, the death or sickness of family members, and the need to care for family members and children. Often, the challenges involved a combination of some or all of these factors. Students reported that they were having difficulties focusing on academics because of their external stressors. A system was put in place, ready for the start of the spring 2021 semester, where students could apply online for emergency aid from the college.
With whom is the organization sharing feedback?

Our staff, Our board, Our funders, Our community partners,
How has asking for feedback from the people you serve changed your relationship?

As a scholarship granting body, we are aware of the power differential in our relationship with students, but we reiterate consistently that we are working for them, to help them succeed. When the Foundation surveys program respondents, we are sure to allow anonymous responses. We also have student representatives who sit on our Board of Directors as ex oficio members, so they can advise and offer input on our initiatives. After a scholarship committee meeting, students suggested that the requirements were too high and excluded marginalized students from the very opportunities the scholarships were intended to provide; that information was relayed to the committee and the full board, who then voted to amend the requirements to include more students.
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded,
What challenges does the organization face when collecting feedback?

It is difficult to get the people we serve to respond to requests for feedback, It is difficult to get honest feedback from the people we serve,

Financials

Norwalk Community College Foundation, Inc.

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020

SOURCE: IRS Form 990

20.31

Average of 16.37 over 10 years

Months of cash in 2020

SOURCE: IRS Form 990

8.5

Average of 9.3 over 10 years

Fringe rate in 2020

SOURCE: IRS Form 990

17%

Average of 19% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Norwalk Community College Foundation, Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$3,953,295
Government Grants	($1,878,422)
Program Services	$0
Investments	$220,572
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,295,445

Expenses
Program Services	$2,048,182
Administration	$365,335
Fundraising	$383,215
Total Expenses	$2,796,732
Net Gain/Loss	($501,287)

Functional expenses
Accounting Fees	$51,683
Advertising & Promotion	$30,589
Information Technology Expenses	$11,219
Insurance Expenses	$12,178
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$34,682
Pension Plan Contributions	$35,100
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,740,055
Government Grants	$0
Program Services	$0
Investments	$188,760
Special Events	($55,664)
Sales	$0
Other	$0
Total Revenue	$3,873,151

Expenses
Program Services	$4,667,043
Administration	$411,871
Fundraising	$228,948
Total Expenses	$5,307,862
Net Gain/Loss	($1,434,711)

Functional expenses
Accounting Fees	$65,593
Advertising & Promotion	$13,374
Information Technology Expenses	$9,732
Insurance Expenses	$12,900
Interest Expenses	$3,563
Investment Management Fees	$41,245
Legal Fees	$29,734
Pension Plan Contributions	$13,955
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,673,602
Government Grants	$0
Program Services	$0
Investments	$161,593
Special Events	$0
Sales	$0
Other	$210
Total Revenue	$1,835,405

Expenses
Program Services	$1,759,511
Administration	$631,101
Fundraising	$137,217
Total Expenses	$2,527,829
Net Gain/Loss	($692,424)

Functional expenses
Accounting Fees	$33,000
Advertising & Promotion	$17,236
Information Technology Expenses	$14,581
Insurance Expenses	$11,651
Interest Expenses	$11,449
Investment Management Fees	$120,868
Legal Fees	$43,130
Pension Plan Contributions	$15,666
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,221,175
Government Grants	$0
Program Services	$0
Investments	$67,434
Special Events	$197,947
Sales	$0
Other	$80
Total Revenue	$1,486,636

Expenses
Program Services	$5,101,146
Administration	$278,262
Fundraising	$357,810
Total Expenses	$5,737,218
Net Gain/Loss	($4,250,582)

Functional expenses
Accounting Fees	$39,000
Advertising & Promotion	$8,516
Information Technology Expenses	$3,458
Insurance Expenses	$12,360
Interest Expenses	$10,782
Investment Management Fees	$145,057
Legal Fees	$19,060
Pension Plan Contributions	$20,678
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,376,030
Government Grants	$0
Program Services	$0
Investments	$1,468,353
Special Events	$0
Sales	$0
Other	$12,000
Total Revenue	$2,856,383

Expenses
Program Services	$2,412,476
Administration	$424,455
Fundraising	$335,741
Total Expenses	$3,172,672
Net Gain/Loss	($316,289)

Functional expenses
Accounting Fees	$57,000
Advertising & Promotion	$15,809
Information Technology Expenses	$67,463
Insurance Expenses	$11,869
Interest Expenses	$0
Investment Management Fees	$133,797
Legal Fees	$17,639
Pension Plan Contributions	$35,578
Professional Fundraising Expenses	$0

Revenue
Contributions	$964,117
Government Grants	$0
Program Services	$0
Investments	$1,747,905
Special Events	$0
Sales	$0
Other	($1,894)
Total Revenue	$2,710,128

Expenses
Program Services	$1,698,120
Administration	$464,127
Fundraising	$337,442
Total Expenses	$2,499,689
Net Gain/Loss	$210,439

Functional expenses
Accounting Fees	$66,237
Advertising & Promotion	$34,913
Information Technology Expenses	$18,555
Insurance Expenses	$11,453
Interest Expenses	$0
Investment Management Fees	$158,505
Legal Fees	$67,948
Pension Plan Contributions	$19,480
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,119,881
Government Grants	$0
Program Services	$0
Investments	$1,908,916
Special Events	$0
Sales	$0
Other	($1,804)
Total Revenue	$4,026,993

Expenses
Program Services	$2,127,612
Administration	$442,873
Fundraising	$349,910
Total Expenses	$2,920,395
Net Gain/Loss	$1,106,598

Functional expenses
Accounting Fees	$77,569
Advertising & Promotion	$28,978
Information Technology Expenses	$13,202
Insurance Expenses	$10,742
Interest Expenses	$0
Investment Management Fees	$170,949
Legal Fees	$7,849
Pension Plan Contributions	$25,986
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,336,692
Government Grants	$0
Program Services	$0
Investments	$1,345,733
Special Events	$0
Sales	$0
Other	$78,434
Total Revenue	$2,760,859

Expenses
Program Services	$1,948,250
Administration	$489,078
Fundraising	$370,149
Total Expenses	$2,807,477
Net Gain/Loss	($46,618)

Functional expenses
Accounting Fees	$61,456
Advertising & Promotion	$56,030
Information Technology Expenses	$7,439
Insurance Expenses	$10,554
Interest Expenses	$0
Investment Management Fees	$167,536
Legal Fees	$3,154
Pension Plan Contributions	$29,352
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,339,082
Government Grants	$0
Program Services	$0
Investments	$1,516,252
Special Events	$0
Sales	$0
Other	($1,804)
Total Revenue	$3,853,530

Expenses
Program Services	$2,497,037
Administration	$445,824
Fundraising	$338,405
Total Expenses	$3,281,266
Net Gain/Loss	$572,264

Functional expenses
Accounting Fees	$60,680
Advertising & Promotion	$22,422
Information Technology Expenses	$8,748
Insurance Expenses	$10,571
Interest Expenses	$0
Investment Management Fees	$166,723
Legal Fees	$8,149
Pension Plan Contributions	$30,969
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,954,016
Government Grants	$0
Program Services	$0
Investments	$1,758,531
Special Events	$0
Sales	$0
Other	($1,008)
Total Revenue	$3,711,539

Expenses
Program Services	$2,419,090
Administration	$407,101
Fundraising	$254,918
Total Expenses	$3,081,109
Net Gain/Loss	$630,430

Functional expenses
Accounting Fees	$66,250
Advertising & Promotion	$19,924
Information Technology Expenses	$8,070
Insurance Expenses	$6,617
Interest Expenses	$0
Investment Management Fees	$111,569
Legal Fees	$10,174
Pension Plan Contributions	$16,748
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,317,534
Government Grants	$0
Program Services	$0
Investments	$1,209,864
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,527,398

Expenses
Program Services	$3,372,434
Administration	$364,660
Fundraising	$290,389
Total Expenses	$4,027,483
Net Gain/Loss	($500,085)

Functional expenses
Accounting Fees	$29,000
Advertising & Promotion	$33,662
Information Technology Expenses	$24,550
Insurance Expenses	$10,607
Interest Expenses	$0
Investment Management Fees	$119,687
Legal Fees	$5,939
Pension Plan Contributions	$13,145
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,809,918
Government Grants	$0
Program Services	$0
Investments	$1,174,676
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$4,984,594

Expenses
Program Services	$2,862,750
Administration	$355,793
Fundraising	$293,730
Total Expenses	$3,512,273
Net Gain/Loss	$1,472,321

Functional expenses
Accounting Fees	$35,500
Advertising & Promotion	$28,595
Information Technology Expenses	$17,704
Insurance Expenses	$10,915
Interest Expenses	$0
Investment Management Fees	$121,214
Legal Fees	$6,753
Pension Plan Contributions	$22,379
Professional Fundraising Expenses	$0

Norwalk Community College Foundation, Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$3,953,295
Cash & Equivalents	$4,763,736	$10,207,521	$5,443,785
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$8,887,961	$4,411,386	($4,476,575)
Receivable, Other	$640,500	$640,500	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$20,856,359	$13,594,564	($7,261,795)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$35,148,556	$28,853,971	($6,294,585)

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Accounts Payable	$28,327	$27,768	($559)
Grants Payable	$2,072,427	$1,966,845	($105,582)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$469,962	$416,943	($53,019)
Total Liabilities	$2,570,716	$2,411,556	($159,160)

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Temporarily Restricted Net Assets	$15,035,251	$10,315,878	($4,719,373)
Permanently Restricted Net Assets	$16,705,608	$15,166,956	($1,538,652)
Total Restricted Net Assets	$31,740,859	$25,482,834	($6,258,025)
Unrestricted Net Assets	$836,981	$959,581	$122,600
Net Assets	$32,577,840	$26,442,415	($6,135,425)

Assets	Jan 01, 2009	Dec 31, 2009	Change
Contributions	$3,740,055
Cash & Equivalents	$10,207,521	$5,997,328	($4,210,193)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$4,411,386	$2,979,691	($1,431,695)
Receivable, Other	$640,500	$640,500	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$13,594,564	$20,249,280	$6,654,716
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$28,853,971	$29,866,799	$1,012,828

Liabilities	Jan 01, 2009	Dec 31, 2009	Change
Accounts Payable	$27,768	$33,101	$5,333
Grants Payable	$1,966,845	$2,132,720	$165,875
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$416,943	$365,946	($50,997)
Total Liabilities	$2,411,556	$2,531,767	$120,211

Fund balance	Jan 01, 2009	Dec 31, 2009	Change
Temporarily Restricted Net Assets	$10,315,878	$10,685,384	$369,506
Permanently Restricted Net Assets	$15,166,956	$15,579,801	$412,845
Total Restricted Net Assets	$25,482,834	$26,265,185	$782,351
Unrestricted Net Assets	$959,581	$1,069,847	$110,266
Net Assets	$26,442,415	$27,335,032	$892,617

Assets	Jan 01, 2010	Dec 31, 2010	Change
Contributions	$1,673,602
Cash & Equivalents	$5,997,328	$6,599,597	$602,269
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,979,691	$1,415,186	($1,564,505)
Receivable, Other	$640,500	$505,200	($135,300)
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$20,249,280	$21,780,543	$1,531,263
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$29,866,799	$30,300,526	$433,727

Liabilities	Jan 01, 2010	Dec 31, 2010	Change
Accounts Payable	$33,101	$48,714	$15,613
Grants Payable	$2,132,720	$1,371,094	($761,626)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$365,946	$493,851	$127,905
Total Liabilities	$2,531,767	$1,913,659	($618,108)

Fund balance	Jan 01, 2010	Dec 31, 2010	Change
Temporarily Restricted Net Assets	$10,685,384	$11,831,542	$1,146,158
Permanently Restricted Net Assets	$15,579,801	$15,457,935	($121,866)
Total Restricted Net Assets	$26,265,185	$27,289,477	$1,024,292
Unrestricted Net Assets	$1,069,847	$1,097,390	$27,543
Net Assets	$27,335,032	$28,386,867	$1,051,835

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$1,221,175
Cash & Equivalents	$6,599,597	$4,864,342	($1,735,255)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$1,415,186	$707,254	($707,932)
Receivable, Other	$505,200	$505,200	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$21,780,543	$20,383,142	($1,397,401)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$30,300,526	$26,459,938	($3,840,588)

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$48,714	$44,812	($3,902)
Grants Payable	$1,371,094	$1,703,167	$332,073
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$493,851	$442,317	($51,534)
Total Liabilities	$1,913,659	$2,190,296	$276,637

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$11,831,542	$7,630,035	($4,201,507)
Permanently Restricted Net Assets	$15,457,935	$15,690,207	$232,272
Total Restricted Net Assets	$27,289,477	$23,320,242	($3,969,235)
Unrestricted Net Assets	$1,097,390	$949,400	($147,990)
Net Assets	$28,386,867	$24,269,642	($4,117,225)

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$1,376,030
Cash & Equivalents	$4,864,342	$2,539,639	($2,324,703)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$707,254	$321,500	($385,754)
Receivable, Other	$505,200	$505,200	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$20,383,142	$23,173,007	$2,789,865
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$37,307	$37,307
Other	$0	$310,000	$310,000
Total Assets	$26,459,938	$26,886,653	$426,715

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$44,812	$9,576	($35,236)
Grants Payable	$1,703,167	$1,622,625	($80,542)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$442,317	$409,247	($33,070)
Total Liabilities	$2,190,296	$2,041,448	($148,848)

Norwalk Community College Foundation, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

This snapshot of Norwalk Community College Foundation, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2015	2016	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	-$43,072	$68,712	$310,213	$586,740	$237,485
As % of expenses	-1.5%	2.1%	10.1%	14.6%	6.8%
Unrestricted surplus (deficit) after depreciation	-$49,699	$62,085	$303,586	$578,958	$234,551
As % of expenses	-1.8%	1.9%	9.9%	14.4%	6.7%

Revenue composition
Total revenue (unrestricted & restricted)	$2,760,859	$3,853,530	$3,711,539	$3,527,398	$4,984,594
Total revenue, % change over prior year	-31.4%	39.6%	0.0%	-5.0%	41.3%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	31.1%	19.9%	21.1%	19.8%	12.1%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	48.4%	60.7%	52.6%	65.7%	76.4%
Other revenue	20.5%	19.4%	26.3%	14.5%	11.5%

Expense composition
Total expenses before depreciation	$2,800,850	$3,274,639	$3,074,482	$4,019,701	$3,509,339
Total expenses, % change over prior year	-3.9%	16.9%	0.0%	30.7%	-12.7%
Personnel	24.5%	21.2%	21.7%	15.2%	19.5%
Professional fees	8.3%	7.2%	6.3%	7.7%	5.7%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	61.5%	68.8%	70.0%	74.6%	72.0%
All other expenses	5.7%	2.9%	2.0%	2.5%	2.8%

Full cost components (estimated)	2015	2016	2018	2019	2020
Total expenses (after depreciation)	$2,807,477	$3,281,266	$3,081,109	$4,027,483	$3,512,273
One month of savings	$233,404	$272,887	$256,207	$334,975	$292,445
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$11,911	$7,973
Total full costs (estimated)	$3,040,881	$3,554,153	$3,337,316	$4,374,369	$3,812,691

Capital structure indicators

Liquidity	2015	2016	2018	2019	2020
Months of cash	14.4	12.3	6.2	4.4	8.5
Months of cash and investments	107.9	97.6	110.7	83.7	103.2
Months of estimated liquid unrestricted net assets	3.3	3.1	3.7	4.5	6.0

Balance sheet composition	2015	2016	2018	2019	2020
Cash	$3,363,263	$3,369,588	$1,582,779	$1,487,149	$2,482,256
Investments	$21,810,975	$23,265,919	$26,775,040	$26,560,614	$27,709,441
Receivables	$953,085	$590,013	$277,170	$753,176	$130,000
Gross land, buildings, equipment (LBE)	$46,391	$46,391	$46,391	$57,507	$65,480
Accumulated depreciation (as a % of LBE)	41.7%	56.0%	77.4%	74.6%	70.0%
Liabilities (as a % of assets)	5.2%	6.1%	2.8%	4.4%	4.8%
Unrestricted net assets	$798,857	$860,942	$954,452	$1,533,410	$1,767,961
Temporarily restricted net assets	$7,681,169	$8,379,828	$10,757,662	$9,699,430	N/A
Permanently restricted net assets	$16,305,977	$16,352,922	$16,147,150	$16,308,222	N/A
Total restricted net assets	$23,987,146	$24,732,750	$26,904,812	$26,007,652	$27,124,246
Total net assets	$24,786,003	$25,593,692	$27,859,264	$27,541,062	$28,892,207

Key data checks

Key data checks	2015	2016	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Chief Executive Officer

Carrie Bernier

Number of employees

Source: IRS Form 990

Norwalk Community College Foundation, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

Norwalk Community College Foundation, Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

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Norwalk Community College Foundation, Inc.

Board of directors
as of 02/23/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

George Reilly

Rucci Law Group

Term: 2021 - 2023

Organizational demographics

SOURCE: Self-reported; last updated 12/1/2021

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Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

No data

Gender identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

Norwalk Community College Foundation, Inc.

Transforming Lives...One Student at a Time

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

NCC Programs

Mentoring Matters @ NCC

Where we work

Our results

Evaluation documents

Number of entrance scholarships and awards and exit scholarships

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of students who receive scholarship funds and/or tuition assistance

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of first-entry undergraduate program students who identify themselves as 'visible minorities'or 'non-white'

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Average age of first-time, full-time, first-year registrants in direct entry programs continuing to the following year

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

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How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2020 info

20.31

Months of cash in 2020 info

8.5

Fringe rate in 2020 info

17%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Norwalk Community College Foundation, Inc.

Norwalk Community College Foundation, Inc.

Norwalk Community College Foundation, Inc.

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Chief Executive Officer

Carrie Bernier

Number of employees

Norwalk Community College Foundation, Inc.

Compensation data

Norwalk Community College Foundation, Inc.

Compensation data

Norwalk Community College Foundation, Inc.

Board of directors data

George Reilly

Organizational demographics

Liquidity in 2020

Months of cash in 2020

Fringe rate in 2020

Funding sources

Assets & liabilities