Caroline Previdi Foundation INC

Tax-deductible

Newtown, CT501(c)(3)Since 2013Foundations & GrantmakersEIN 46-2585069Revenue $156K in FY2025

On file with the IRScarolineprevidifoundation.orgPo Box 3482, 06470-3482 · Newtown, CTTax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Provide scholarships for children to participate in activities who need financial assistance.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 20 volunteers.
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
5 of 6
filings with a surplus
Average surplus $39K a year · 23% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $38K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
-36% vs prior year
Spent
$238K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$156K
FY2025▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$171K
FY2022$176K
FY2023$163K
FY2024$244K
FY2025$156K
Expenses
$238K
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$36K
FY2021$72K
FY2022$114K
FY2023$145K
FY2024$201K
FY2025$238K
Net assets
$1.3M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$967K
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $238K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Caroline Previdi 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

Helps children afford activities through scholarships.

Questions for Caroline Previdi Foundation INC

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Provided by the organization

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1 program · $238K · in their own filed words · FY2025
01

Provided scholarships for children in Newtown and surrounding communities in financial need to participate in extracurricular activities.

$238Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$38K
See all 3 funders →
Grants paid · 29 grants · $314K · 2021–2025
CT Dream Basketball ClubFY2025$29,250
Individual RecipientFY2025$14,300
YMCA of Western ConnecticutFY2025$11,002
Individual RecipientFY2025$9,199
Housatonic Valley Wardorf SchoolFY2025$7,429
GamechangerzFY2025$6,450
Individual RecipientFY2025$6,175
Individual RecipientFY2025$5,850
Connecticut Martial ArtsFY2025$5,512
Individual RecipientFY2025$5,311
CT Dream Basketball ClubFY2024$29,200
YMCA of Western ConnecticutFY2024$16,509
Individual RecipientFY2024$15,800
The Batting CageFY2024$10,200
Individual RecipientFY2024$8,831
Individual RecipientFY2024$6,895
Fairfield County CaptainsCT · FY2024$6,600
Beehive Children's CenterFY2024$5,428
See all 29 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Investment incomeLn 3$83K
Gifts and grantsLn 1h$72K
Other incomeLn 4–11$62
Money outPt IX
$238K
Ln 25
Programscol B$238K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Investment incomeLn 3$83K
Other incomeLn 4–11$62
Gains on assetsLn 7$57K
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$0
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$73K$71K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$10$0
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$223K$223K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$23$23
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$962$962
All other expensesLn 24e$136$136
Total functional expensesLn 25$238K$238K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $156K$238K−$82K$1.3M 990 PDF
FY2024 $244K$201K$43K$1.3M 990 PDF
FY2023 $163K$145K$18K$1.2M 990 PDF
FY2022 $176K$114K$62K$1.1M 990 PDF
FY2021 $171K$72K$100K$1.2M 990 PDF
FY2020 $132K$36K$96K$967K 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 FY2025 990 (6 parts)
Part I · Summary $155,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $123,798$72,124
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $119,736$83,411
I-11 Other revenuePrior year $382$62
I-12 Total revenuePrior year $243,916$155,597
I-13 Grants and similar amounts paidPrior year $195,090$222,774
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,169$15,272
I-18 Total expensesPrior year $201,259$238,046
I-19 Revenue less expensesPrior year $42,657−$82,449
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $155,597 across 8 lines filed
Lines not itemized here account for $62 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$72,124
VIII-1h Total contributions, gifts and grants$72,124
VIII-3 Investment incomeExcluded from tax $26,079$26,079
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,332$57,332
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $62 · Unrelated business $0 · Excluded from tax $83,411$155,597
Part IX · Statement of functional expenses $238,046 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $222,774$222,774
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $2,105$2,105
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $12,046$12,046
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $23$23
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $962$962
IX-24e All other expensesPrograms $136$136
IX-25 Total functional expensesPrograms $238,046 · Management $0 · Fundraising $0$238,046
Part X · Balance sheet $1,305,967 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $73,151$70,513
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $6,321$6,233
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,203,454$1,229,221
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,282,926$1,305,967
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $10$0
X-26 Total liabilitiesStart of year $10$0
X-27 Net assets without donor restrictionsStart of year $1,282,916$1,305,967
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,282,916$1,305,967
X-33 Total liabilities and net assetsStart of year $1,282,926$1,305,967
Part XI · Reconciliation of net assets $1,305,967 net assets at year end
XI-1 Total revenue$155,597
XI-2 Total expenses$238,046
XI-3 Revenue less expenses−$82,449
XI-4 Net assets at start of year$1,282,916
XI-5 Net unrealized gains (losses) on investments$104,402
XI-8 Prior period adjustments$1,098
XI-10 Net assets at end of year$1,305,967

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

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