EIN 06-0969831

Charter Oak State College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1977
Most recent tax filings
2023-06-01
Description
Charter Oak State College Foundation supports non-traditional adult students by providing scholarships, grants, and a program for low-income single mothers.
Total revenues
$414,810
2023
Total expenses
$413,554
2023
Total assets
$2,642,214
2023
Num. employees
0
2023

Program areas at Charter Oak State College Foundation

The Foundation scholarships and grants programs gives students the opportunity to apply for financial help through the awarding of scholarship, grants, emergency funding, and credit for prior learning awards. The awards are given to relieve financial barriers that often prevent our motivated adult learners from pursuing and completing a higher education degree; to provide financial assistance to verify credits earned for prior learning, through testing and portfolio evaluations; and also to provide funding to students that are experiencing an unexpected financial crisis. Additionally, generous donors have established named endowment funds, in perpetuity, with the intent of awarding scholarships specific to the criteria outlined for each fund. The Foundation awards funding to approximately 75 students.
Women in transition program (wit) - established in 2000 to break the cycle of poverty, the wit program is a proven formula that helps low-income single mothers earn a College degree with no to minimal debt. The program eliminates barriers such as, covers the cost of tuition, fees, and books; and provides the necessary technology and access. While the College platform addresses home front, childcare, and transportation challenges; plus offers academic support, tutoring, and coaching. The support and resources strategically remove hindrances, enabling students to focus on their studies and reach degree completion. The program awards assistance to approximately 35 women each academic year.
Pathways
The widows' society award is added funding for the women in transition students. These grant dollars were given to help our low-income single mothers earn a College degree with no to minimal debt without restriction to zip code. Additionally, the widows award helps students attend College year-round by supplying supplemental awards during the summer months, where students may not qualify for federal pell aid (due to the number of credits).

Who funds Charter Oak State College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Aurora Women and Girls FoundationCollege Succcess Grant Installment$98,000
Hartford Foundation for Public Giving (HFPG)Scholarships$35,000
Liberty Bank FoundationTo Support Parents Intent on Improving Tomorrow (Piit)$10,000
...and 2 more grants received

Personnel at Charter Oak State College Foundation

NameTitleCompensation
Carol HallEx Director / Executive Director$0
Joyce PetrellaPresident$0
Glenn DavisTreasurer$0
Neal CunninghamVice President$0
Joe WaxmanSecretary / Member$0
...and 3 more key personnel

Financials for Charter Oak State College Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$356,388
Program services$0
Investment income and dividends$67,340
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,437
Net income from fundraising events$-6,481
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$414,810

Form 990s for Charter Oak State College Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-06-22990View PDF
2020-062022-05-25990View PDF
2019-062021-04-05990View PDF
...and 9 more Form 990s
Data update history
July 20, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Liberty Bank Foundation
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from Mckesson Foundation
November 28, 2023
Received grants
Identified 1 new grant, including a grant for $35,000 from Hartford Foundation for Public Giving (HFPG)
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $22,000 from Aurora Women and Girls Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
185 Main St
New Britain, CT 06051
Metro area
Hartford-East Hartford-Middletown, CT
County
Capitol Planning Region, CT
Website URL
charteroak.edu/foundation/ 
Phone
(860) 515-3889
IRS details
EIN
06-0969831
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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