SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC

EIN 23-7208882 · Universities (B43)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.41%of revenue went to mission work91.2% of expenses · Program services

$117.75spent for every $100 of revenueSpending was higher than revenue this year.

10.34%of revenue went to management and office costs8.8% of expenses

$11.02in assets for every $1 spent this yearSome assets cannot be spent right away.

57.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $802,841 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,522,163

Mission workProgram services$4,857,384107.41% of revenue91.2% of expenses

ManagementOffice and general costs$467,62010.34% of revenue8.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$5,325,004117.75% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.2% mission · 8.8% management · 0.0% fundraisingTotal expenses: 117.75% of revenue

2023Expense mix: 89.1% mission · 6.3% management · 4.6% fundraisingTotal expenses: 103.03% of revenue

2022Expense mix: 85.1% mission · 11.7% management · 3.2% fundraisingTotal expenses: 87.08% of revenue

2021Expense mix: 81.2% mission · 14.6% management · 4.2% fundraisingTotal expenses: 52.96% of revenue

2020Expense mix: 82.2% mission · 15.7% management · 2.1% fundraisingTotal expenses: 72.74% of revenue

2019Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 95.15% of revenue

2018Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 70.95% of revenue

2017Expense mix: 75.8% mission · 24.2% management · 0.0% fundraisingTotal expenses: 105.85% of revenue

Money in and money out

Revenue$4,522,163

Expenses$5,325,004

Annual shortfall $802,841 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,857,384 · 91.2% of expenses

Management and office costs$467,620 · 8.8% of expenses

See all reported dollar amounts

Revenue$4,522,163

Expenses$5,325,004

Assets$58,662,738

Income$10,935,187

Contributions$2,587,967

Mission work (program services)$4,857,384

Grants given$18,595,078

Average grant$1,328,220

Management and general$467,620

Accounting fees$39,669

Investing fees$129,200

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (26)

MARC NIVETDIRECTOR

THOM VOLLDIRECTOR

TERRIE ESTESDIRECTOR

STACY FIELDSALUMNI REPRESENTATIVE

SHARON MISASIDIRECTOR

RUTH ERENDIRECTOR

RON STEWARTDIRECTOR

PATRICK MORRISONDIRECTOR

NORBERT WILLIAMSONDIRECTOR

MICHAEL KINGANEXECUTIVE DIRECTOR

MICHAEL ARIASDIRECTOR

MARK TARINIDIRECTOR

MARK STEVENSDIRECTOR

ASHLEY TISBERT-HARMONSECRETARY

LOU GIANQUINTODIRECTOR

KRISTA HAYESFINANCE DIRECTOR

KRIS ADANTI-PEDERSENDIRECTOR

JON PEDERSENTREASURER

JOHN EMRADIRECTOR

JOCELYNNE RAINEYDIRECTOR

JAMES BARBERDIRECTOR

JACQUELYNN GAROFANODIRECTOR

JACKIE BURKEDIRECTOR

J PHILIP SMITHDIRECTOR

EDMUND MARCARELLIDIRECTOR

CHRISTOPHER BORAJKIEWICZBOARD CHAIR

About this charity

Recognized since: January 1972
Location: 501 CRESCENT ST, NEW HAVEN, CT 06515-1330
County: New Haven
In care of: JON PEDERSEN
Primary officer: JON PEDERSEN, TREASURER OF THE BOARD

How to reach them

WebsiteVisit the charity’s website Phone(203) 392-6191

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Universities (B43)
IRS tax category: Universities
Grant-giving organization: Yes