ABC INC OF NEW CANAAN

EIN: 237352164 501(c)(3) Education

NEW CANAAN, CT

Total Revenue
$591,332
Total Expenses
$406,876
Total Assets
$2,494,760
Net Assets
$2,461,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CT
Principal Officer
ANNE SCHIMMECK
Phone
2037623760
Tax Period
2024-07-01 to 2025-06-30

ABC INC OF NEW CANAAN, founded in 1973, is a small nonprofit in the Education sector that reported $591K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $184K, a strong 31% operating margin.

Mission

THE ORGANIZATION OWNS A BOARDING HOUSE IN NEW CANAAN WHERE ACADEMICALLY TALENTED MINORITY STUDENTS HAVE THE OPPORTUNITY TO ATTEND HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $393,875
Program Service Revenue $0
Investment Income $64,396
Other Revenue $133,061
TOTAL REVENUE $591,332

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,097
Fundraising Expenses $9,624
Program Expenses $376,692
Other Expenses $257,779
TOTAL EXPENSES $406,876

Year-over-Year Comparison

2024 2023 Change
Revenue $591,332 $867,290 -0.3%
Expenses $406,876 $416,651 0.0%
Net Income $184,456 $450,639 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
N/A
Employees
4
Volunteers
40

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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN FITZPATRICK DIRECTOR 0.00
Director
$0 $0 $0
ALICIA MEYER DIRECTOR 0.00
Director
$0 $0 $0
PETER HERBERT DIRECTOR 0.00
Director
$0 $0 $0
WILL CHOI DIRECTOR 0.00
Director
$0 $0 $0
DINA CONNELLY VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ELIZABETH TUFF PRESIDENT 0.00
Officer Director
$0 $0 $0
JULIA STEWART DIRECTOR 0.00
Director
$0 $0 $0
LISA HILL SECRETARY 0.00
Officer Director
$0 $0 $0
DAVID COX DIRECTOR 0.00
Director
$0 $0 $0
MICHELE SALMINI DIRECTOR 0.00
Director
$0 $0 $0
NANCY SHULLMAN DIRECTOR 0.00
Director
$0 $0 $0
JILL GORDON DIRECTOR 0.00
Director
$0 $0 $0
MEGAN MORALES DIRECTOR 0.00
Director
$0 $0 $0
ANNE SCHIMMECK TREASURER 0.00
Director
$0 $0 $0
THOMAS SANSEVERINO DIRECTOR 0.00
Director
$0 $0 $0
ARTHUR HALL DIRECTOR 0.00
Director
$0 $0 $0
KIMBERLY JETNIL DIRECTOR 0.00
Director
$0 $0 $0
KATE THOMAS DIRECTOR 0.00
Director
$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 $591,332 $406,876 $2,494,760 $184,456
2024 $857,234 $420,308 $2,184,040 $436,926
2024 $867,290 $430,280 $2,185,171 $437,010
2023 $416,835 $381,567 $1,651,263 $35,268
2023 $420,501 $389,768 $1,653,032 $30,733
2022 $313,241 $250,240 $1,566,995 $63,001
2021 $287,600 $184,130 $1,605,761 $103,470
2020 $214,969 $187,150 $1,507,566 $27,819
2019 $180,384 $214,009 $1,481,236 $-33,625
2018 $169,430 $252,835 $1,512,466 $-83,405
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