Connecticut Trust For Historic Preservation

Transcription

1 Connecticut Trust For Historic Preservation General Information Contact Information Nonprofit Connecticut Trust For Historic Preservation Address 940 Whitney Ave Hamden, CT Phone (203) Web Site Web Site Facebook Facebook Twitter Twitter At A Glance Year of Incorporation 1976 Organization's type of tax exempt status Organization received a competitive grant from the community foundation in the past five years Public Supported Charity No 1

2 Mission & Areas Served Statements Mission The Connecticut Trust for Historic Preservation preserves, protects, and promotes the buildings, sites, and landscapes that contribute to the heritage and vitality of Connecticut communities. We strive to make a big impact through our programs including field service, grant funding, tax credit financing, advocacy efforts, historic resource surveys, and easement and legacy giving support. We also want to engage and inspire our partners, members, and concerned citizens of Connecticut to join us in preserving the state's plethora of historic buildings and landscapes. Background The Connecticut Trust for Historic Preservation was established by Special Act of the Connecticut General Assembly in The Trust is a non-profit, state-wide membership organization, with a 33-member board, three of whom are appointed by the governor. Its office is the Eli Whitney boardinghouse (c. 1827) in Hamden, CT which the Trust bought and restored in We have eight staff members, two of which are part time. In order to engage citizens in preserving historic places, the Trust provides non-profit groups and municipalities with hands-on preservation services attuned to their specific needs. We hold easements, award grants, make loans and advocate for policies supporting historic preservation in local and state government. We also hold workshops and events for local historic district commissions, craftsmen, homeowners, and other interested individuals to learn about preservation law and practices. The Connecticut Trust reaches individuals through the field service work of the Connecticut Circuit Riders, web sites (cttrust.org, connecticutbarns.org, towngreens.com and historicdistrictsct.org, and connecticutmills.org), our bi-monthly newsletter, Connecticut Preservation News, and Facebook, Twitter and Instagram accounts. Impact The Connecticut Trust's field service program, the Circuit Riders, is a partnership with the State Historic Preservation Office. Circuit Riders made over 224 on-site technical assistance visits to municipalities in the state in These site visits are often the first steps in our grant funding process. In 2017, the Trust awarded 40 grants totaling nearly $227,258, leveraging at least $510,376 in matching private investment. On average, for every five applicants, only two grants can be awarded. Since demand always outpaces supply, the Trust is actively searching for creative ways to leverage new investment. Holding preservation easements is one of the Trust s most important stewardship activities and oldest programs. Easements offer similar protections to local historic designation and offer an alternative means preserve historic places in perpetuity while providing owners with some financial benefit in many cases. The Trust holds easements on 31 properties, totaling 83 acres across the state. The Trust proactively seeks easements by strengthening partnerships and educating our constituents on the benefits of protecting places in perpetuity. Identifying and recognizing historic places is important priority for the Trust. Over the years, the Trust has surveyed historic resources under grants from the State Historic Preservation Office in fulfillment of the agency s responsibility to identify and list properties on the State and National Registers of Historic Places. In 2017, the Making Places project (a survey of industrial places), launched its award-winning website to assist developers in finding available mills for reuse as well as guide people to restaurants and entertainment housed in already reused mills. The Trust wants to find funding for more of these surveys as over half of our constituents surveyed in 2017 deemed this work to be effective in raising awareness about historic places. 2

3 Needs 1. Diversify sources of revenue to provide stability, enabling the Trust to sustain its mission through periods where one or another source of revenue is limited. 2. Plan campaign to build an endowment of $2 million by Address head-on the decline in preservation funding at the State level by finding new funding sources to continue our effective and successful grant programs. 4. Build a more visible presence in communities across the state by offering more events, more robust membership recruitment, and better communications. 5. Build on and expand programs like field services, advocacy, education, surveys and easements. CEO Statement Connecticut is filled with historic places, from the iconic town greens and white church steeples to the barns scattered in every town as well as breathtaking historic mills and charming pedestrian-friendly downtowns. People around the state enjoy these historic places for the stories they hold, the ideas they represent, the singularity of their physical presence, the backdrops they make for selfies, or simply the feelings they evoke. Our historic places the envy of many other states are extraordinary assets. Connecticut citizens who get this see the Connecticut Trust as a determined and effective keeper of the community character they create, for they understand that these historic places do not preserve themselves. When opportunities, challenges or threats to historic places surface, the Trust s Circuit Riders are there to partner with individuals and organizations and make a positive difference in pointing the way toward the most practicable legal or financial outcome. The Trust is often able to follow up with financial support to get planning, maintenance and repair underway. We often hear from people about how valuable our assistance has been: "It's been a great boon to us amateurs in the field to know that we can call upon the Trust for help and information and that our efforts will be supported by those of you who are preservation professionals." (Woodbury) "You gave us the confidence to move forward with the project, to apply for and secure the grant and to find appropriate professionals to serve as consultants as we prepare to restore the building." (Colebrook) "As a group of mainly non-professional volunteers, the Trust s assistance has helped guide us to determine the logical step-by-step process of restoring our building." (Enfield) "The Circuit Rider program has been invaluable to historic preservation efforts in Westport...from evaluating a historic barn, to assistance with grant funding application for a preservation plan for a State Archaeological Preserve, to advice on any number of other issues. Circuit Riders are a simple phone call away and their expertise is essential to our work." (Westport) Other distinctive initiatives of the Trust are our surveys of historic places by type: Town Greens, Barns, Making Places: Mills of CT and Creative Places, places where artists made art. Each the product of methodical research and some crowdsourced to hundreds of enthusiastic volunteers, the results of these nationally respected investigations are available on-line for free. 3

4 Board Chair Statement The Trust has long excelled as a catalyst for worthwhile historic preservation in Connecticut but today it also holds additional importance as a force for economic development, jobs, and community revitalization. Throughout its history, the Trust has grown every year in impact and relevance but, like any nonprofit, we see a changing world about us and we must respond accordingly. We are looking to increase our partnerships in the community. Historic preservation has always gone hand-inhand with affordable housing, urban revitalization, sustainability and tourism. We are working to align ourselves more closely with relevant industries, community programs and local needs. We also have to diversify our funding as current sources are as uncertain as the times. Our mission does not waiver; our ability to act must stay intact as well. In these times of dwindling State support, our members are more important than ever to support historic preservation. in addition, we need to secure private funding, establish an endowment fund and create planned giving campaigns. We are working to enhance how the Trust communicates with the public. The Trust must develop and integrate a formal communications strategy to ensure that it maximizes its potential to inspire and engage, while creating a foundation for long-term institutional stability and effectiveness. in the coming year we will continue to research new ways of being more effective and broad reaching in the realization of our mission. We are truly a community organization and happy that we exist within such an informed, engaged and compassionate community as ours. Service Categories Primary Organization Category Public & Societal Benefit / Fund Raising & Fund Distribution Areas Served Ansonia Bethany Branford Cheshire Derby East Haven Guilford Hamden Lower Naugatuck Valley Madison Milford New Haven North Branford North Haven Orange Oxford 4

5 Seymour Shelton Shoreline State wide Wallingford West Haven Woodbridge Headquartered in Hamden on the site of the historic Eli Whitney complex, the Connecticut Trust serves the entire state. 5

6 Programs Programs Circuit Rider program, preservation field services Description The Circuit Riders, a program in partnership with the State Historic Preservation Office, promote the preservation and use of historic resources. Through the program, staff provides immediate, on-site assistance to historical societies, property owners, developers, elected officials, and local preservation commissions across the state. Circuit Riders provide technical assistance for preservation projects, response to emergency requests from communities facing the loss of important historic places to evaluate options and assist in negotiating either alternatives to demolition or suitable mitigation, financial guidance to help entities develop needed scopes of planning and capital work, and identify pertinent grants and loans, and facilitate training, workshops, and model ordinances to educate communities about preservation strategies. Given their position on the front lines, the Circuit Riders often hear of issues and identify trends earlier than anyone else in the state. Budget $215, Category Population Served Program is linked to organization s mission and strategy Short Term Success Long Term Success Program Success Monitored By Community Development, General/Other / Neighborhood Revitalization General/Unspecified / General/Unspecified / General/Unspecified The Circuit Rider program continues to show documented success having assisted nonprofits, municipalities and individuals in accurately assessing projects and by guiding many through their own successful projects. With Circuit Rider help, prominent buildings have been saved in several communities when demolition has been proposed. This program ultimately helps communities plan better for preservation by using the outcomes of emergency situations as a way to plan better in the future. By educating about demolition delays, town preservation ordinances, local historic districts, zoning regulations and incentives for historic rehabilitation such as tax credits, local preservationists can prepare for issues surrounding historic buildings. Additionally, the technical assistance and potential Trust grant funding recommended by Circuit Riders is indefinitely valuable for the owner regarding the maintenance of their building. Activity and success are closely monitored by staff, committees, board and participants. We will be implementing ways to track the success by following up with surveys after Circuit Rider visits. 6

7 Examples of Program Success "You gave us the confidence to move forward with the project, to apply for and secure the grant and to find appropriate professionals to serve as consultants as we prepare to restore the building." - Colebrook "Circuit Riders provide invaluable accurate information and advice to many who are interested in saving a part of their architectural legacy but don't know how to do it." - Norwalk "...Circuit Riders are a simple phone call away and their expertise is essential to our work. We are extremely appreciative of the Circuit Rider program. " - Westport "To a group of non-professional volunteers, the Trust s assistance has helped guide us to determine the logical step-by-step process of restoring our building." - Enfield 7

8 Making Places Description The Making Places program originated in Investment in Connecticut: State Historic Preservation Plan which recognized Connecticut s heritage in industry and manufacturing and the challenges to preservation and rehabilitation resulting from environmental contamination, vacancy and other factors. The plan recommended a statewide survey of industrial buildings to list as many eligible industrial properties on the National Register in coming years to increase the number of industrial buildings eligible for tax credits, thereby encouraging their re-use. Consistent with these goals, the Trust s Making Places program began in 2013 as a joint project with the State Historic Preservation Office to identify, document, and promote the re-use of Connecticut s historic mills through historic resource inventory, preservation education, and raising public awareness of both the challenges to rehabilitation and economic development potential and benefits while providing technical assistance. Budget $99, Category Population Served Program is linked to organization s mission and strategy Short Term Success Community Development, General/Other / Community Economic Development General/Unspecified / General/Unspecified / General/Unspecified Making Places re-granted $339,100 to assist pre-development planning in the adaptive reuse of nine historic industrial complexes. The grants assisted in leveraging $2.6 million in subsequent investment ($7.60 to each dollar granted) in mill preservation projects. Technical assistance from staff and through our professional service consultancies (TACS) assists owners of historic mills to solve defined problems. To date, the Making Places program has provided TACs for fourteen mill properties, providing structural, architectural, environmental, code, market feasibility, and tax credit consulting. From the November 2017 launch of the mill website to March 7, 2018, there have been nearly 7,300 users. Several organizations have crosslinked with our website. Preservation consultants, historical societies, architects, environmental professionals, and CT Main Street Center have expressed appreciation for the tool. 8

9 Long Term Success The uses of the survey data have been reimagined for 21 st century cultural stewardship for a wide audience through the Trust s website Mills: Making Places of Connecticut. It makes accessible, in one place, documentation of historic factories across the entire state, with land use data useful to preservation minded developers, and opportunities for the public to experience industrial spaces. Our vision is that the website, regularly updated, become a go-to tool which will spur research and nominations to the State/National Register as well as growing appreciation of industrial space. Making Places staff work with an ever expanding network of owners, brokers, architects, consultants, developers and municipal officials, connecting them with each other, with redevelopment opportunities, and with information on resources and incentives. Ultimately, our goal is the active continued use of as many of these mill buildings as possible, through loft conversions, mixed uses, or manufacturing. Program Success Monitored By Examples of Program Success Our activities are monitored by staff, volunteers, community leaders and an interested public, as well at the State Historic Preservation Office. We observe the progress and any results of all projects on an ongoing basis and many of our projects must show documented progress to apply for additional funding or assistance. A Making Places grant provided Hands-on-Hartford with the construction documents that enabled them to build-out a former tire warehouse into supportive housing; the facility opened in March The formal review of environmental documentation by TAC team professionals was the baseline information used by the City of New Haven to obtain a Brownfields assessment grant for the long vacant New Haven Clock factory; an Oregon based developer is now negotiating to redevelop the factory into artist apartments. With technical assistance from Making Places, the owner of the Hilliard Mill in Manchester stabilized the earliest building at the site and is now making plans for rehabilitation of two other buildings. The website Mills: Making Places of Connecticut has been nominated for several awards, and has won an award of merit from the Connecticut League of History Organizations for its contribution to state and local history; and CT Main Street Center. 9

10 Buildings of CT book project Description In fall 2018, Wesleyan University Press will publish Connecticut Architecture: Stories of 100 Places, by Christopher Wigren, the Trust s deputy director. The first comprehensive illustrated history of Connecticut architecture, the book features more than 200 illustrations and is organized thematically. Sections include concise entries that treat notable buildings, neighborhoods, and communities, emphasizing the importance of the built environment and its impact on our sense of place. The text highlights key architectural features and trends and relates buildings to the local and regional histories they represent. A project of the Trust, the book reflects more than 30 years of fieldwork and research in statewide architectural survey and National Register of Historic Places programs. Budget $20, Category Population Served Program is linked to organization s mission and strategy Short Term Success Long Term Success Program Success Monitored By Examples of Program Success Arts, Culture & Humanities, General/Other / Architecture General/Unspecified / General/Unspecified / General/Unspecified Through publication of the book, a broad audience, including professionals, students, and interested laypeople, will learn about Connecticut s built environment. Readers will gain an increased knowledge of and appreciation for significant architecture in Connecticut. In addition, readers understanding of what constitutes significant architecture will become more diversified, encompassing buildings of a wide range of periods, types, and styles as well as significant structures of other kinds (such as bridges), significant town and neighborhood plans, and significant designed and vernacular landscapes. While the book will cover a finite number of sites, readers should be able to apply material from the book to gain a better understanding of and appreciation for other works of architecture. In addition, readers will become more knowledgeable and appreciative users of architecture, more able participants in the processes of commissioning and maintaining works of architecture, more informed about town planning decisions, and more interested in preserving historic resources. Publication of the book will provide many opportunities for public presentations, reviews, along with informal feedback to track public response. In addition, the Trust will have a strong interest in monitoring how often, and in what ways, the book is used in teaching, in providing support to preservation efforts, and as a source for state and local history. n/a 10

11 Easements Description The Trust has operated a preservation easement program for more than twenty years and now holds easements on some thirty properties, including office buildings in New Haven, condominium complexes in Norwich and New Milford, a number of single-family houses, and open land that provides historic settings for early farmhouses in Ledyard and Ashford. Budget $0.00 Category Population Served Program is linked to organization s mission and strategy Examples of Program Success Education, General/Other / Extracurricular Arts & Culture General/Unspecified / General/Unspecified / General/Unspecified From Investment in Connecticut: The Economic Benefits of Historic Preservation, PlaceEconomics, 2011 about the reuse of the former SNET building in New Haven: A preservation easement pertaining to the exterior of the building and the first-floor public areas held by the Connecticut Trust for Historic Preservation was upheld and ensured that these areas remained unchanged. The project was part of a larger citywide effort to revitalize downtown New Haven that began in the late 1990s. Much of this development centered on upgrading the buildings and streets surrounding Yale University, including The Eli. A 2002 New York Times article focusing on this revitalization quoted Henry Fernandez, New Haven s economic development administrator as saying that in two more years, we will have rehabilitated the 50-square-block-area of downtown New Haven, almost entirely with private money. 11

12 Annual Preservation Awards Description The Connecticut Trust for Historic Preservation presents awards to honor outstanding achievements in protecting and enhancing Connecticut s significant buildings, landscapes, and communities. Awards recognize achievement in significant efforts in the restoration, preservation or adaptive use of historic resources, consistent stewardship over time, sustainability practices in historic buildings, effective leadership in the field, and young preservationists who demonstrate involvement, achievement or potential in preservation. Over just the past two years, we have given thirty awards to individuals and groups all over Connecticut. Five of those awards have been given in the Greater New Haven area to an assortment of preservation efforts including a dedicated preservation professional, housing projects, an art museum and New Haven's courthouse. Budget $10, Category Arts, Culture & Humanities, General/Other / Population Served General/Unspecified / / Program is linked to organization s mission and strategy Long Term Success Program Success Monitored By Examples of Program Success We hope to encourage and bring enthusiasm to preservation projects by recognizing them publicly. The general public has shown significant interest in the Trust s awards. There have always been far more nominations than awards, and attendance at the annual ceremonies has hovered around 150 people. In the past two years, we have had 50 nomination, each year awarding only awarding individuals, businesses or non-profits. From press releases of some of our award recipients: "Winning the award is a great honor, Fiano said. It validates the countless hours and days local volunteers have put into renovating and improving the farm." Bolton Heritage Farm, 2018 award recipient This award is a wonderful honor, said Greenwich Land Trust Executive Direct Will Kies. It really represents the hard work and thought that went into the renovation of this historic property. The vision Louise Mueller had... and the team on our end that worked to make that vision come true, we owe everybody a big thank you. Greenwich Land Trust, 2017 award recipient Program Comments CEO Comments Making the case for historic preservation is one of the key challenges the CT Trust and other preservation organizations face. At the CT Trust, we encourage/urge public policy advocates, state decision makers and local leaders to understand that historic preservation, embraced and articulated as a state and local policy, will deliver significant value to Connecticut. Historic preservation activity, from pre-development, generates jobs (and does not require major investment in new materials) AND it increases neighborhood value by bringing new 12

13 residents, new businesses and new tax dollars. If you invest in existing resources in commercial centers existing businesses will stay and new ones will come. If you tear down the historic center, as Derby did, and then have the developer pull out, the struggle for re-growth is long and painful. Historic preservation is the ultimate underlying strategy for environmental sustainability. What does historic preservation offer that new construction cannot? Cultural identity. As new uses, new residents and new businesses inhabit our historic buildings and sites, they add layers of culture that foster and deepen our sense of place. It is again this layering, that is key. What is neater than living in the exact apartment in the Wauregan Hotel in Norwich from whose balcony Abraham Lincoln spoke; or in a loft in an armory where firearms were made throughout the 19 th century, as at Coltsville? Or the former SNET building in New Haven, now the Eli, with stunning views toward East Rock? 13

14 Leadership & Staff CEO/Executive Director Mr. Wes Haynes Term Start Jan Experience 40 years experience in historic preservation working for non-profits, architectural firms, and as a private consultant; with CT Trust since 2013 as a Circuit Rider and Director of the Making Places Program. Co-CEO Ms. Jane Montanaro jmontanaro@cttrust.org Experience Jane has been on staff of the Connecticut Trust since 2005 and Director of Preservation Services since Jane served as Interim Director from July 2017 to January 2018 when the Trust restructured to co-director leadership. Staff Number of Full Time Staff 6 Number of Part Time Staff 2 Number of Volunteers 5 Number of Contract Staff 0 Staff Retention Rate 100% Staff Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 8 Hispanic/Latino 0 Native American/American Indian 0 Other 0 0 Staff Demographics - Gender Male 4 Female 4 14

15 Unspecified 0 Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Under Development Years Strategic Plan Considers 5 Date Strategic Plan Adopted Jan 2018 Management Succession Plan? No Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy No Former CEOs and Terms Name Term Helen Higgins Jan June 2015 Mr. Daniel Mackay June July 2017 Senior Staff Christopher Wigren Title Experience/Biography Deputy Director At the CT Trust for 20 years as architectural historian and editor of CT editor of CT Preservation News Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency Non Management Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Collaborations The CT Trust is a statutory partner with the State Historic Preservation Office, Department of Economic and Community Development. The CT Trust is also a partner with Connecticut Preservation Action, the National Trust for Historic Preservation, Connecticut Humanities Council and CT Main Street Center. We collaborate with numerous local preservation groups, historical societies, museums and municipalities through our granting and advocacy programs. 15

16 Awards Award/Recognition Organization Year Master Builder Award Habitat for Humanity of Greater New Haven 2013 Merit, for Mills of CT website CT Main Street Center 2018 Merit, for Mills of CT website CT League of History Organizations 2018 Comments CEO Comments We adopted a new five-year strategic plan in January The plan was prepared in-house following a survey of our constituents, who informed us that they were not aware of the full range of historic preservation programs and activities that the Trust offers. The plan aspires to build a stronger, more impactful organization that broadens and inspires new constituencies and partnerships, engaging them through our current programs. Coauthored by Vice Chair Sara Bronin and Trustee Peter Stockman with input from board and staff, the new plan outlines 21 strategic goals that continue existing programs but change the ways we fund, promote, and deliver them. Diversifying our sources of funding in the near term and building an endowment for the future are two of the plan s priorities. They respond to the realities of evaporating funding for historic preservation under the Community Investment Act (CIA). Our well-known re-grant programs, for example, grew and diversified in the past decade with steady financial support from the CIA and 1772 Foundation. The Trust has been very effective at re-granting these dollars for basic planning, maintenance and repairs, but CIA funding is no longer available. The plan recognizes our need to form relationships with new private funding partners. We also learned from survey responses that we have been working too quietly behind the scenes. The plan aims to strengthen our brand, integrate our print and digital media, and amplify our message. Part of this entails developing hard data, such as updating our study on preservation s economic impact. It also involves forming new partnerships and broadening our board s makeup to enlarge our message, opening new eyes and ears to the benefits of historic preservation on social, cultural, economic and environmental quality of life. Success with these new strategic goals will underpin our existing programs and secure their future. Circuit Riders will continue to make site visits and remain central to our fieldwork, grants, endangered properties interventions, and workshops. We aim to grow our easement holdings beyond the 31 properties now protected. Our awards program will continue to recognize and convey outstanding preservation stories. We will generate new thematic surveys of historic places that matter and promote their public appreciation and/or re-use. We will persist in advocating for public policies. And Connecticut Preservation News will continue to keep our members informed of the progress in the stewardship of historic places around the state. 16

17 Board & Governance Board Chair Garry Leonard Company Affiliation GSL Arch Term May 2015 to May 2018 Board of Directors Name Margaret Anderson Sara Bronin Frank Chairamonte Mary Catherine Curran Robert Faesy Jeremy Frost Ellen Gould Jane Grant Henry Griggs Garrett Heher Adrienne Farrar Houel Charles Janson Leslie King Edward Munster Jeffry Muthersbaugh Edith Pestana Matthew Peterson Edmund Schmidt George Schoellkopf Caroline Sloat Myron Stachiw Elaine Stiles Peter Stockman Robert Svensk Maisa Tisdale John Toomey Marye Wagner Greg Waterman Richard Wies Affiliation Community Volunteer Attorney/architect Selectman, Harwinton Attorney Faesy Architects Community Volunteer Community Volunteer Community Volunteer Deacon John Grave house, Madison Community Volunteer The Green Team, Bridgeport Robinson and Cole, Darien Attorney, New Haven Community volunteer, Haddam Heritage Recruiting, Danbury Environmental Justice, DEEP Carmody, Torrance, attorney Community Volunteer Gardening expert Community Volunteer Preservation Consultant Assistant Professor of Historic Preservation, Roger Williams University Deep River Group Latin American Underwriters, Southport Freeman Houses, Bridgeport Retired Community Volunteer Bank of America Gregg, Wies and Gardner, architects Board Demographics - Ethnicity 17

18 African American/Black 2 Asian American/Pacific Islander 0 Caucasian 28 Hispanic/Latino 2 Native American/American Indian 0 Other 0 0 Board Demographics - Gender Male 18 Female 14 Unspecified 0 Governance Board Term Lengths 3 Board Term Limits 2 Board Meeting Attendance % 58% Number of Full Board Meetings Annually 4 Written Board Selection Criteria Written Conflict of Interest Policy Under Development Percentage Making Monetary Contributions 100% Percentage Making In-Kind Contributions 15% Board Co-Chair Term May 0 to May 0 Standing Committees Executive Board Development / Board Orientation Building Development / Fund Development / Fund Raising / Grant Writing / Major Gifts Distributions / Grant Making Finance Legislative Nominating Program / Program Planning Advisory Board / Advisory Council Additional Board/s Members and Affiliations 18

19 Name Affiliation Martha Alexander Community volunteer, New Haven J. Barclay Collins II Retired, Sharon William Crowe MayoCrowe attorneys, Hartford Jared Edwards SmithEdwards Architects, Hartford Inger Elliott Retired, Stonington Theodore Ells Retired Gerald Farrell Jr. Lawyer, Wallingford Walter Fiederowicz Retired Mimi Findlay Community volunteer, New Canaan Mrs. Lynn Friedman Community Volunteer Glenn Geathers City of Hartford Community Redevelopment Lee G. Kuckro Retired, Wethersfield Stephen Lash Christies, Stonington Charles T. Lee Anderson,Kill & Olick, Stamford Peter L. Malkin Malkin Holdings, Greenwich Cesar Pelli PelliClarkePelli Architects, New Haven John W. Shannahan Retired, Suffield 19

20 Financials Financials Fiscal Year Start July Fiscal Year End June Projected Revenue $1,029, Projected Expenses $1,196, Endowment Value $230, Spending Policy N/A Percentage (if selected) 0% Detailed Financials Prior Three Years Total Revenue and Expense Totals Chart Fiscal Year Total Revenue $1,704,428 $2,878,792 $1,931,157 Total Expenses $1,778,129 $2,349,924 $1,931,574 Prior Three Years Assets and Liabilities Chart Fiscal Year Total Assets $2,193,374 $2,443,089 $1,903,926 Current Assets $1,861,978 $2,102,908 $1,166,203 Long-Term Liabilities $430,643 $409,282 $560,224 Current Liabilities $642,439 $838,694 $677,284 Total Net Assets $1,120,292 $1,195,113 $666,418 Prior Three Years Top Three Funding Sources Fiscal Year Top Funding Source & Dollar Amount CT Dept. of Economic & Community Dev. $981, Second Highest Funding Source & Dollar The 1772 Foundation Amount $390,996 Third Highest Funding Source & Dollar Amount Solvency Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency 20

21 Fiscal Year Long-Term Liabilities/Total Assets 20% 17% 29% Capital Campaign Currently in a Capital Campaign? No Capital Campaign Purpose We will embark on an endowment fund campaign. Goal $2,000, Dates 2019 to 2023 Amount Raised To Date as of Mar 2018 Capital Campaign Anticipated in Next 5 Years? Comments CEO Comments The Connecticut Trust is audited each year by the firm of Carney, Roy and Gerrol, P.C. Certified Public Accountants in Rocky Hill. CT. A Single Audit for the State of CT is a requirement given the number of grants the Connecticut Trust receives from the State Historic Preservation Office, its statutory partner. Recently, the auditor has recommended that the Connecticut Trust make a few changes regarding its accounting practices, which we have implemented. First, the Connecticut Trust has moved from a cash system to an accrual system, converting from Sage/Peachtree accounting software to QuickBooks software. In addition, the Connecticut Trust has switched from having a bookkeeper come into the office twice a month, to employing the services of an accounting firm, ARI, in Glastonbury, CT to assist with weekly tracking of deposits and payments. Foundation Staff Comments This profile, including the financial summaries prepared and submitted by the organization based on its own independent and/or internal audit processes and regulatory submissions, has been read by the Foundation. Financial information is inputted by Foundation staff directly from the organization s IRS Form 990, audited financial statements or other financial documents approved by the nonprofit s board. The Foundation has not audited the organization s financial statements or tax filings, and makes no representations or warranties thereon. The Community Foundation is continuing to receive information submitted by the organization and may periodically update the organization s profile to reflect the most current financial and other information available. The organization has completed the fields required by The Community Foundation and updated their profile in the last year. To see if the organization has received a competitive grant from The Community Foundation in the last five years, please go to the General Information Tab of the profile. Created Copyright 2018 The Community Foundation for Greater New Haven 21