THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN

EIN: 066032106 501(c)(3) Philanthropy & Grantmaking

NEW HAVEN, CT

Total Revenue
$55,299,428
Total Expenses
$44,909,487
Total Assets
$712,043,213
Net Assets
$438,436,902
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
CT
Principal Officer
WENDY GAMBA
Phone
2037772386
Tax Period
2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN, founded in 1928, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $55.3M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.4M, a strong 19% operating margin.

Mission

THE MISSION OF THE COMMUNITY FOUNDATION IS TO CREATE POSITIVE AND SUSTAINABLE CHANGE IN GREATER NEW HAVEN BY INCREASING THE AMOUNT AND ENHANCING THE IMPACT OF COMMUNITY PHILANTHROPY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,708,911
Program Service Revenue $0
Investment Income $30,590,517
Other Revenue $0
TOTAL REVENUE $55,299,428

Expense Breakdown

Grants Paid $21,625,333
Salaries & Benefits $8,086,168
Fundraising Expenses $3,237,793
Program Expenses $33,577,210
Other Expenses $15,197,986
TOTAL EXPENSES $44,909,487

Year-over-Year Comparison

2023 2022 Change
Revenue $55,299,428 $73,644,314 -0.2%
Expenses $44,909,487 $95,774,412 -0.5%
Net Income $10,389,941 $-22,130,098 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
49
Volunteers
523

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$827,871
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM W GINSBERG PRESIDENT & CEO 40.00
Officer
$488,775 $83,687 $572,462
ANDREW F ALDEN CHIEF INVESTMENT OFFICER 40.00
Highest
$381,237 $49,327 $430,564
ANGELA POWERS SR. VP FOR OPERATIONS 37.50
Highest
$344,065 $43,579 $387,644
CHRISTINA CIOCIOLA SR. VP FOR GRANT MAKING 37.50
Highest
$257,734 $22,418 $280,152
DOROTHY WESTON-MURPHY SR. VP FOR DEVELOPMENT 37.50
Highest
$252,430 $30,205 $282,635
LEON BAILEY SR. VP FOR ORGANIZATIONAL EFFR 37.50
Highest
$245,192 $29,420 $274,612
WENDY GAMBA CHIEF FINANCIAL OFFICER 37.50
Officer
$221,545 $33,864 $255,409
MARCELLA NUNEZ-SMITH CHAIR 1.00
Officer Director
$0 $0 $0
FERNANDO J MUNIZ VICE-CHAIR 1.00
Officer Director
$0 $0 $0
MAYSA AKBAR DIRECTOR 1.00
Director
$0 $0 $0
GREG PEPE DIRECTOR 1.00
Director
$0 $0 $0
JOE GORDON DIRECTOR 1.00
Director
$0 $0 $0
TERRY JONES DIRECTOR 1.00
Director
$0 $0 $0
VALARIE SHULTZ WILSON DIRECTOR 1.00
Director
$0 $0 $0
ENOLA AIRD DIRECTOR 1.00
Director
$0 $0 $0
VLAD CORIC DIRECTOR 1.00
Director
$0 $0 $0
KEITH CHURCHWELL DIRECTOR 1.00
Director
$0 $0 $0
HEATHER TOOKES ALEXOPOULOS DIRECTOR 1.00
Director
$0 $0 $0
N/A TRUSTEE COMMITTEE 1.00
$0 $0 $0
N/A TRUSTEE COMMITTEE 1.00
$0 $0 $0
N/A TRUSTEE COMMITTEE 1.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $55,299,428 $44,909,487 $712,043,213 $10,389,941
2022 $73,644,314 $95,774,412 $679,592,958 $-22,130,098
2021 $102,254,142 $49,393,503 $835,102,821 $52,860,639
2020 $58,670,540 $44,436,868 $745,279,119 $14,233,672
2019 $61,621,081 $40,146,375 $645,643,145 $21,474,706
2018 $54,146,772 $39,464,330 $545,832,388 $14,682,442
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