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Filing year 2024

FARMINGTON BANK COMMUNITY FOUNDATION INC

New Britain, Connecticut·EIN 45-2599017·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$671k
Total assets
$17.6M
Total expenses
$853k
Reported officers
11

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Connecticut.

President
Board President
75th to 90th percentile
$124k
$134k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FARMINGTON BANK COMMUNITY FOUNDATION INC equaled 15% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
15%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$614k

Itemized grants

86

Median grant

$8k

RecipientLocationPurposeAmount
CHRYSALIS CENTER INCHARTFORD, CTCHRYSALIS CENTERS COMMUNITY SUPPORTIVE HOUSING$15k
PRUDENCE CRANDALL CENTER INCNEW BRITAIN, CTCHILDREN'S INTERVENTION AND PREVENTION SERVICES PROGRAM$15k
CONNECTICUT COUNCIL FOR PHILANTHROPY INCHARTFORD, CTBUILDING A SUBURBAN AND RURAL HOUSING MOVEMENT$13k
CONNECTICUT FOODSHAREWALLINGFORD, CTMOBILE PANTRY FOOD DISTRIBUTION PROGRAM$13k
FRIENDSHIP SERVICE CENTER INCNEW BRITAIN, CTTOMASSO COMMUNITY KITCHEN$13k
GIFTS OF LOVE INCAVON, CTBASIC NEEDS$13k
HANDS ON HARTFORDHARTFORD, CTMANNA FOOD PANTRY AND NEIGHBORHOOD SERVICES$13k
HARTFORD INTERVAL HOUSE INCHARTFORD, CTBREAKING THE CYCLE$13k
YWCA NEW BRITAINNEW BRITAIN, CTCHIDCARE BUSINESS INCUBATOR$13k
LOCAL INITIATIVES SUPPORT CORPORATIONHARTFORD, CTLISC CONNECTICUT$12k
MALTA HOUSE OF CARE INCHARTFORD, CTACCESS TO HEALTHCARE FOR UNINSURED ADULTS IN HARTFORD- 2025$12k
MERCY HOUSING AND SHELTER CORPORATIONHARTFORD, CTST. ELIZABETH HOUSE$12k
SOUTH PARK INNHARTFORD, CTBREAKING THE CYCLE OF HOMELESSNESS$12k
THE OPEN HEARTHHARTFORD, CTTHE WORKING MAN'S CENTER (WMC)$12k
THE VILLAGE FOR FAMILIES & CHILDREN INCHARTFORD, CTTHE VILLAGE FINANCIAL OPPORTUNITY CENTER/FARMINGTON VITA PILOT$12k
JOURNEY HOMEHARTFORD, CTHOUSING STABILIZATION FUNDS$11k
SOCIAL ENTERPRISE TRUST (RESET)HARTFORD, CTGROWING FOOD BUSINESSES THROUGH THE HARTFORD CULINARY COLLABORATIVE$11k
CATHOLIC CHARITIES INC - ARCHDIOCESE OF HARTFORDHARTFORD, CTECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP INITIATIVE$10k
CCSU FOUNDATION INCNEW BRITAIN, CTCOMMUNITY ENGAGEMENT EXPERIENTIAL LEARNING STIPEND (CEELS)$10k
CONNECTICUT FOUNDATION FOR DENTAL OUTREACHSOUTHINGTON, CTCONNECTICUT MISSION OF MERCY FREE DENTAL CLINIC (CTMOM)$10k
FORGE CITY WORKSHARTFORD, CTCULINARY & CUSTOMER SERVICE JOB TRAINING$10k
GREATER BRISTOL HOMESBRISTOL, CTBRISTOL HOMES 2 AND BRISTOL HOMES 3$10k
GREATER NEW BRITAIN TEEN PREGNANCY PREVENTION INCNEW BRITAIN, CTPATHWAYS TO SUCCESS IN HIGHER EDUCATION$10k
HARTFORD YOUTH SCHOLARSHARTFORD, CTTHE COLLEGIATE ACADEMY AND HIGH SCHOOL AND COLLEGE SUCCESS$10k
KLINGBERG FAMILY CENTERSNEW BRITAIN, CTKLINGBERG CHILDREN'S ADVOCACY CENTER$10k
Compare this foundation's grantees

Up 10%
from 2023

From $113k in 2023 to $124k in 2024.

$113k
2023
$124k
2024
In today's dollarsEst.
Up 7% in real terms$126k to $134k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 10% from 2023 to 2024, while revenue rose 61%.

$113k in 2023 to $124k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FARMINGTON BANK COMMUNITY FOUNDATION INC

What does the Board President of FARMINGTON BANK COMMUNITY FOUNDATION INC earn?

In 2024, the Board President of FARMINGTON BANK COMMUNITY FOUNDATION INC received $124,471 in total compensation. This pay is in the top quarter for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Connecticut, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board President pay at FARMINGTON BANK COMMUNITY FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Connecticut, the 2024 pay of the Board President at FARMINGTON BANK COMMUNITY FOUNDATION INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at FARMINGTON BANK COMMUNITY FOUNDATION INC equaled 15% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are FARMINGTON BANK COMMUNITY FOUNDATION INC's revenue and expenses?

In 2024, FARMINGTON BANK COMMUNITY FOUNDATION INC reported $671k in total revenue and $853k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.