SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC

EIN: 237208882 501(c)(3) Education

NEW HAVEN, CT

Total Revenue
$5,023,090
Total Expenses
$5,175,087
Total Assets
$54,824,911
Net Assets
$53,760,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
CT
Principal Officer
JON PEDERSEN
Phone
2033926191
Tax Period
2023-07-01 to 2024-06-30

SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC, founded in 1972, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Net assets of $53.8M represent 128 months of operating reserves.

Mission

SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION, INC. (THE "FOUNDATION") EXISTS TO ASSIST SOUTHERN CONNECTICUT STATE UNIVERSITY (THE "UNIVERSITY") IN FULFILLING ITS MISSION AND ACHIEVING ITS VISION THROUGH THE DEVELOPMENT, STEWARDSHIP, AND DELIVERY OF PRIVATE FINANCIAL RESOURCES. THE FOUNDATION DELIVERS FINANCIAL MANAGEMENT OF THE PRIVATE RESOURCES RECEIVED THROUGH THE INVESTMENT OF CONTRIBUTIONS FOR ANY OR ALL OF THE EDUCATIONAL SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY THE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $1,925,214

SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC...

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SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY.

Program 2
Expenses: $2,294,673 Revenue: $78,750

UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE...

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UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY.

Program 3
Expenses: $393,060 Revenue: $5,190

UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS.

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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 $2,682,021
Program Service Revenue $83,940
Investment Income $2,308,742
Other Revenue $-51,613
TOTAL REVENUE $5,023,090

Expense Breakdown

Grants Paid $4,612,947
Salaries & Benefits $0
Fundraising Expenses $238,227
Program Expenses $4,612,947
Other Expenses $562,140
TOTAL EXPENSES $5,175,087

Year-over-Year Comparison

2023 2022 Change
Revenue $5,023,090 $4,744,595 +0.1%
Expenses $5,175,087 $4,131,363 +0.3%
Net Income $-151,997 $613,232 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
26

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
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BORAJKIEWICZ BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAVID VANCE DIRECTOR 2.00
Director
$0 $0 $0
EDMUND MARCARELLI DIRECTOR 2.00
Director
$0 $0 $0
J PHILIP SMITH DIRECTOR 2.00
Director
$0 $0 $0
JACQUELYNN GAROFANO DIRECTOR 2.00
Director
$0 $0 $0
JOCELYNNE RAINEY DIRECTOR 2.00
Director
$0 $0 $0
JOHN EMRA DIRECTOR 2.00
Director
$0 $0 $0
JON PEDERSEN TREASURER 2.00
Officer Director
$0 $0 $0
KRIS ADANTI-PEDERSEN DIRECTOR 2.00
Director
$0 $0 $0
STACY FIELDS ALUMNI REPRESENTATIVE 2.00
Director
$0 $0 $0
LINDY GOLD DIRECTOR 2.00
Director
$0 $0 $0
LOU GIANQUINTO DIRECTOR 2.00
Director
$0 $0 $0
MARK TARINI DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL KATZ DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL KINGAN EXECUTIVE DIRECTOR 2.00
Officer Director
$0 $0 $0
NORBERT WILLIAMSON DIRECTOR 2.00
Director
$0 $0 $0
RUTH EREN DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY TISBERT-HARMON DIRECTOR 2.00
Director
$0 $0 $0
SHARON MISASI DIRECTOR 2.00
Director
$0 $0 $0
JAMES BARBER DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL ARIAS DIRECTOR 2.00
Director
$0 $0 $0
PATRICK MORRISON DIRECTOR 2.00
Director
$0 $0 $0
MARC NIVET DIRECTOR 2.00
Director
$0 $0 $0
MARK STEVENS DIRECTOR 2.00
Director
$0 $0 $0
RON STEWART DIRECTOR 2.00
Director
$0 $0 $0
KRISTA HAYES BUSINESS MANAGER 35.00
Officer
$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
2025 No data No data No data No data
2024 $5,023,090 $5,175,087 $54,824,911 $-151,997
2023 $4,744,595 $4,131,363 $49,811,036 $613,232
2022 $6,766,792 $3,583,782 $45,312,319 $3,183,010
2021 $4,230,378 $3,077,386 $48,811,651 $1,152,992
2020 $2,941,919 $2,799,101 $39,211,420 $142,818
2019 $4,040,266 $2,866,559 $38,280,654 $1,173,707
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