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Ccarc Foundation INC FY2022 filing

Tax-deductible

New Britain, CT501(c)(3)Since 2006Foundations & GrantmakersEIN 26-0149896

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Ccarc Foundation, INC. Supports the programs and goals of Ccarc, INC.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $27K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
106 mo
of spending, in cash
Looks good: 105.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$128K
-7% vs prior year
Spent
$26K
To programs
0%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$128K
FY2022▼ -7%
Revenue by fiscal year
FY2020$141K
FY2021$137K
FY2022$128K
FY2023$43K
FY2024$20K
FY2024$91K
Expenses
$26K
FY2022▼ -62%
Expenses by fiscal year
FY2020$54K
FY2021$70K
FY2022$26K
FY2023$27K
FY2024$424K
FY2024$43K
Net assets
$2.9M
FY2022▲ +65%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.9M
FY2023$3.1M
FY2024$3.0M
FY2024$3.3M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2007.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $26K

Form 990 Part IX, line 25. 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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Charles Boos
Director
$0Pt VII · Sec A
Scott Boos
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Cutler
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Salina
Director
$0Pt VII · Sec A
See Ccarc 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports programs and goals for CCARC, Inc.

Provided by the organization

This section is blank until Ccarc Foundation INC claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

The foundation's only program is to support ccarc, inc. In its mission.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $489K · 2019–2023
Ccarc INCCT · FY2023$400,000
Ccarc INCCT · FY2020$51,720
Ccarc INCCT · FY2019$37,308

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$128K
Ln 12
Gifts and grantsLn 1h$80K
Investment incomeLn 3$41K
Other incomeLn 4–11$7K
Money outPt IX
$26K
Ln 25
Managementcol C$26K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$2.9M
LiabilitiesLn 26$6K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Investment incomeLn 3$41K
Other incomeLn 4–11$7K
Gains on assetsLn 7$4K
Total revenueLn 12$128K
Assets in detailPt X, end of year
CashLn 1$233K
Cash and savings togetherLn 1–2$233K
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$106K
Other assetsLn 15$10K
Total assetsLn 16$2.9M
LiabilitiesLn 26$6K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$53K$233K
InvestmentsLn 11–13$1.6M$2.6M
Land, buildings, equipmentLn 10c$113K$106K
Total assetsLn 16$1.8M$2.9M
LiabilitiesLn 26$0$6K
Net assetsLn 32$1.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Office expensesLn 13$23K$23K
Total functional expensesLn 25$26K$0$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $20K$424K−$404K$3.0M 990 PDF
FY2023 $43K$27K$16K$3.1M 990 PDF
FY2022 Viewing $128K$26K$101K$2.9M 990 PDF
FY2021 $137K$70K$67K$1.8M 990 PDF
FY2020 $141K$54K$87K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $127,901 across 6 lines filed
VIII-1f All other contributions, gifts and grants$79,795
VIII-1h Total contributions, gifts and grants$79,795
VIII-3 Investment incomeExcluded from tax $36,464$36,464
VIII-6 Net rental income or lossExcluded from tax $7,177$7,177
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,465$4,465
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $48,106$127,901
Part IX · Statement of functional expenses $26,449 across 2 lines filed
IX-11c Accounting feesManagement $3,000$3,000
IX-13 Office expensesManagement $23,449$23,449
IX-25 Total functional expensesPrograms $0 · Management $26,449 · Fundraising $0$26,449
Part X · Balance sheet $2,930,704 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $53,337$232,751
X-4 Accounts receivable$50
X-9 Prepaid expenses and deferred charges$3,681
X-10c Land, buildings and equipment, netStart of year $113,411$105,689
X-11 Publicly traded securitiesStart of year $1,568,673$2,579,001
X-15 Other assetsStart of year $39,892$9,532
X-16 Total assetsStart of year $1,775,313$2,930,704
X-17 Accounts payable and accrued expenses$4,501
X-25 Other liabilitiesStart of year $0$1,186
X-26 Total liabilitiesStart of year $0$5,687
X-27 Net assets without donor restrictionsStart of year $1,601,525$2,751,229
X-28 Net assets with donor restrictionsStart of year $173,788$173,788
X-32 Total net assets or fund balancesStart of year $1,775,313$2,925,017
X-33 Total liabilities and net assetsStart of year $1,775,313$2,930,704
Part XI · Reconciliation of net assets $2,925,017 net assets at year end
XI-1 Total revenue$127,901
XI-2 Total expenses$26,449
XI-3 Revenue less expenses$101,452
XI-4 Net assets at start of year$1,775,313
XI-5 Net unrealized gains (losses) on investments−$280,126
XI-9 Other changes in net assets$1,328,378
XI-10 Net assets at end of year$2,925,017

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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