The Wrexham Foundation INC EIN 06-0769957 Form 990 (PDF) Claim this org

The Wrexham Foundation INC

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Encourages creative and artistic expression for university students. For fiscal year 2024 it reported $522K in revenue, $221K in expenses, and $3.4M in net assets.Pt I

Founded
1955
Type
Public charity (501(c)(3)) · Nonprofit
Location
New Haven, CT
Filings
5 on file (2020–2024)
Revenue
$522KFY2024
Expenses
$221K
Net assets
$3.4M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  06-0769957 Public charity (501(c)(3)) New Haven, CT Founded 1955
Form 990 (PDF)
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Size
$100K–1M
What they do
Encourages creative and artistic expression for university students.
Leadership
Andrew Brimmer · Chairman
Money in and out
$522K revenue, $221K expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$522K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $301K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
159.1mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+58%
revenue over expenses, this year▼ -26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$522K
FY2024▼ -43%
Expenses
$221K
FY2024▲ +8%
Total assets
$3.4M
FY2024▲ +17%
Total liabilities
$0
FY2024
Total revenue
$522K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$301K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Wrexham Foundation INC
EINHdr · item D06-0769957
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1955
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1956

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2024.
01

The foundation promoted and encouraged creative and artistic expression among university students.

$180Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$354K · 68%
Investment income$165K · 32%
Contributions & grants68%$354K
Investment income32%$165K
Program service revenue$3K
Total revenueLn 12$522K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$180K
Management & general19%$42K
Total functional expensesLn 25$221K

Balance Sheet

Part X · end of year
CashLn 1$130K
Total assetsLn 16$3.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.4M
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.9M · Operating expenses/yr $221K
159.1 months
Where the money goes
Program services
Program services $180K · Total expenses $221K
81%
Management & General
Management & general $42K · Total expenses $221K
19%
Fundraising
Fundraising $0 · Total expenses $221K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $586 · Solicited contributions (3-yr avg) $406K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $354K · Total revenue $522K
68%
Government reliance
Government grants — · Total revenue $522K
Earned-income share
Program service revenue $3K · Total revenue $522K
0.5%
Investment reliance
Investment income $165K · Total revenue $522K
+32%
Program self-sufficiency
Program service revenue $3K · Total expenses $221K
1%
Growth & trend
Revenue growth (YoY)
This year $522K · Prior year $918K
-43%
Revenue CAGR
FY2019 $430K · FY2024 $522K
+4%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $522K · Expenses $221K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
Net-asset ratio
Net assets $3.4M · Total assets $3.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.4M
83%
People & payroll
Highest Reported Total Compensation
Individual Andrew Brimmer · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $221K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $221K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Revenue growth -43%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Yale UniversityFY2024$88K
Total grants receivedfrom 4 funders$141K
See all 4 funders →
Grants paid · 1 grant · $5K · 2024–2024
Yale UniversityCT · FY2024$5,400

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$918K revenue · ⤓ 990 PDF
FY2023$318K revenue · ⤓ 990 PDF
FY2022$324K revenue · ⤓ 990 PDF
FY2021$238K revenue · ⤓ 990 PDF
FY2020$430K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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