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Ecsu Foundation INC

Tax-deductible

Willimantic, CT501(c)(3) EIN 23-7111053Revenue $2.8M in FY2025

On file with the IRSecsufoundation.comGelsiyoung Room 120, 06226-0000 · Willimantic, CTTax-exempt since Nov 1972Publicly supported — 509(a)(2)

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The Ecsu Foundation, INC. Is dedicated to support of education, research, programs and scholarships at eastern connecticut state university.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Run by 14 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.3M a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Plus $23.6M in investments, Pt X · Ln 11–13
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$719K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+23% vs prior year
Spent
$967K
To programs
55%
Net assets
$27.3M
By yearFY2020–FY2025
Revenue
$2.8M
FY2025▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.6M
FY2022$2.6M
FY2023$2.7M
FY2024$2.2M
FY2025$2.8M
Expenses
$967K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.3M
FY2022$2.0M
FY2023$2.1M
FY2024$873K
FY2025$967K
Net assets
$27.3M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.3M
FY2021$23.0M
FY2022$20.7M
FY2023$22.3M
FY2024$25.0M
FY2025$27.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $536K Management & general 44% · $428K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Justin Murphy
President
$0Pt VII · Sec A
Kathleen M Regan-Pyne
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wendy Ernst
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Kannas
Director
$0Pt VII · Sec A
See Ecsu Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports education, research, programs, and scholarships at Eastern Connecticut State University.

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Provided by the organization

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1 program · $536K · in their own filed words · FY2024
01

Promotion, encouragement and assistance of all forms of education, research and athletics as it relates to eastern connecticut state university.

$536Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Connecticut Community Foundation INCFY2025$44K
Total grants receivedfrom 1 funder$44K
Grants paid · 9 grants · $3.2M · 2019–2024
Eastern Connecticut State UniversityFY2024$219,036
Eastern Connecticut State UniversityFY2024$26,300
Eastern Connecticut State UniversityFY2024$5,398
Eastern Connecticut State UniversityFY2023$220,751
Eastern Connecticut State UniversityFY2023$151,425
Eastern Connecticut State UniversityFY2022$669,550
Eastern Connecticut State UniversityFY2021$799,712
Eastern Connecticut State UniversityFY2020$531,166
Eastern Connecticut State UniversityFY2019$529,671

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.8M
Ln 12
Investment incomeLn 3$1.6M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$227
Money outPt IX
$967K
Ln 25
Programscol B$536K
Managementcol C$428K
Fundraisingcol D$2K
Owns and owesPt X
$27.3M
net assets · Ln 32
Cash and savingsLn 1–2$981K
Total assetsLn 16$28.0M
LiabilitiesLn 26$719K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$227
Gains on assetsLn 7$1.1M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$909K
Cash and savings togetherLn 1–2$981K
InvestmentsLn 11–13$23.6M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$1.8M
Total assetsLn 16$28.0M
LiabilitiesLn 26$719K
Net assetsLn 32$27.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.4M$981K
InvestmentsLn 11–13$21.0M$23.6M
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$26.2M$28.0M
LiabilitiesLn 26$1.2M$719K
Net assetsLn 32$25.0M$27.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$471K$471K
Pay of disqualified personsLn 6$211K$211K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$65K$65K
Investment management feesLn 11f$115K$115K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$479$479
OccupancyLn 16$25K$25K
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$5K$3K$2K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$967K$536K$428K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.8M$967K$1.8M$27.3M 990 PDF
FY2024 $2.2M$873K$1.4M$25.0M 990 PDF
FY2023 $2.7M$2.1M$587K$22.3M 990 PDF
FY2022 $2.6M$2.0M$614K$20.7M 990 PDF
FY2021 $3.6M$1.3M$2.3M$23.0M 990 PDF
FY2020 $2.7M$1.7M$1.0M$19.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,754,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,261,249$1,123,971
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $953,978$1,630,172
I-11 Other revenuePrior year $31,514$227
I-12 Total revenuePrior year $2,246,741$2,754,370
I-13 Grants and similar amounts paidPrior year $372,176$471,184
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $189,858$225,958
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $310,897$269,948
I-18 Total expensesPrior year $872,931$967,090
I-19 Revenue less expensesPrior year $1,373,810$1,787,280
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,754,370 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,123,971
VIII-1h Total contributions, gifts and grants$1,123,971
VIII-3 Investment incomeExcluded from tax $549,025$549,025
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,081,147$1,081,147
VIII-8 Net income from fundraising eventsExcluded from tax $227$227
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,630,399$2,754,370
Part IX · Statement of functional expenses $967,090 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $471,184$471,184
IX-6 Pay of disqualified personsManagement $210,522$210,522
IX-10 Payroll taxesManagement $15,436$15,436
IX-11c Accounting feesManagement $65,285$65,285
IX-11f Investment management feesManagement $114,665$114,665
IX-11g Other fees for servicesManagement $10,000$10,000
IX-13 Office expensesManagement $479$479
IX-16 OccupancyPrograms $25,401$25,401
IX-22 Depreciation, depletion and amortizationPrograms $37,235$37,235
IX-23 InsuranceManagement $8,049$8,049
IX-24 Other expenses (24a–d)Programs $2,624 · Fundraising $2,258$4,882
IX-24e All other expensesManagement $3,952$3,952
IX-25 Total functional expensesPrograms $536,444 · Management $428,388 · Fundraising $2,258$967,090
Part X · Balance sheet $27,993,614 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $644,771$71,318
X-2 Savings and temporary cash investmentsStart of year $768,303$909,191
X-3 Pledges and grants receivableStart of year $381,552$38,283
X-9 Prepaid expenses and deferred chargesStart of year $3,148$5,375
X-10c Land, buildings and equipment, netStart of year $1,577,271$1,539,838
X-11 Publicly traded securitiesStart of year $20,989,998$23,590,184
X-15 Other assetsStart of year $1,839,425$1,839,425
X-16 Total assetsStart of year $26,204,468$27,993,614
X-17 Accounts payable and accrued expensesStart of year $1,153,098$715,916
X-19 Deferred revenueStart of year $3,011$3,011
X-26 Total liabilitiesStart of year $1,156,109$718,927
X-27 Net assets without donor restrictionsStart of year $1,551,256$1,960,682
X-28 Net assets with donor restrictionsStart of year $23,497,103$25,314,005
X-32 Total net assets or fund balancesStart of year $25,048,359$27,274,687
X-33 Total liabilities and net assetsStart of year $26,204,468$27,993,614
Part XI · Reconciliation of net assets $27,274,687 net assets at year end
XI-1 Total revenue$2,754,370
XI-2 Total expenses$967,090
XI-3 Revenue less expenses$1,787,280
XI-4 Net assets at start of year$25,048,359
XI-5 Net unrealized gains (losses) on investments$449,630
XI-9 Other changes in net assets−$10,582
XI-10 Net assets at end of year$27,274,687

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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