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Filing year 2024

NEWALLIANCE FOUNDATION INC

New Haven, Connecticut·EIN 56-2453619·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1.2M
Total assets
$32.2M
Total expenses
$1.8M
Reported officers
13

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.

Executive Director
Median to 75th percentile
$168k
$181k

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 12 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 NEWALLIANCE FOUNDATION INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
10%
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

$994k

Itemized grants

144

Median grant

$5k

RecipientLocationPurposeAmount
NEW HAVEN READSNEW HAVEN, CTTO SUPPORT THE FREE LITERACY PROGRAMS AND COMMUNITY BOOK BANK AT NEW HAVEN READS. THIS FUNDING WOULD HELP EMPOWER OVER 420 ASPIRING READERS FROM GREATER NEW HAVEN IN THE 2024-25 SCHOOL YEAR IN ONE-ON-ONE TUTORING AND SUPPORT THE DISTRIBUTION OF OVER 85,000 BOOKS TO BUILD HOME LIBRARIES.$25k
BOOKER T WASHINGTON ACADEMYNEW HAVEN, CTTO SUPPORT THE DIFFERENTIATED NEEDS IN THE AREAS OF TEACHER CONTENT KNOWLEDGE AND STUDENT SKILLS IN THE AREA OF LITERACY WHICH HAVE BEEN EXACERBATED BY THE EDUCATIONAL IMPACT OF THE GLOBAL PANDEMIC.$20k
COLUMBUS HOUSE INCNEW HAVEN, CTTO SUPPORT COLUMBUS HOUSES NEW HAVEN SHELTER PROGRAM ON ELLA T. GRASSO BOULEVARD WHICH PROVIDES 83 BEDS, BASIC NEEDS, AND CASE MANAGEMENT SERVICES FOR ADULT MEN AND WOMEN 365 DAYS PER YEAR.$20k
LEADERSHIP EDUCATION AND ATHLETICS IN PARTNERSHIPNEW HAVEN, CTTHE REQUESTED FUNDS WILL BE USED TO SUPPORT LEAP'S FREE AFTER-SCHOOL AND SUMMER ACADEMIC AND ENRICHMENT PROGRAMMING FOR LOW-INCOME NEW HAVEN CHILDREN AGES 7-12, AND LEADERSHIP TRAINING FOR YOUTH AGES 13-24 WHO PROVIDE DIRECT SERVICES TO LEAP CHILDREN.$20k
MUSIC HAVENNEW HAVEN, CTTO SUPPORT RESIDENT MUSICIANS' SALARIES AND TO RETAIN LONG-TERM TEACHERS WHO WORK WITH STUDENTS FROM EARLY ELEMENTARY THROUGH HIGH SCHOOL GRADUATION.$20k
NEW REACHNEW HAVEN, CTTO SUPPORT EMERGENCY SHELTER PROGRAM, WHICH PROVIDES SAFE REFUGE FOR 300 WOMEN AND CHILDREN EACH YEAR.$20k
PROJECT ACCESS OF NEW HAVENNEW HAVEN, CTTO SUPPORT PATIENT NAVIGATOR AND COMMUNITY HEALTH WORKER SERVICES THAT CONNECT UNDERSERVED GREATER NEW HAVEN RESIDENTS WITH FREE MEDICAL CARE THROUGH AN EXTENSIVE VOLUNTEER PROVIDER NETWORK AND RESOURCES TO ADDRESS HEALTH-RELATED SOCIAL NEEDS.$20k
ST MARTIN DE PORRESNEW HAVEN, CTTO SUPPORT GRADUATE SUPPORT PROGRAM WHICH PROVIDES PREPARATION, GUIDANCE AND RESOURCES TO REMOVE BARRIERS AND OBSTACLES TO ALLOW STUDENTS TO ACCESS, ATTEND AND GRADUATE FROM HIGH SCHOOL AND COLLEGE.$20k
NEW HAVEN SYMPHONY ORCHESTRANEW HAVEN, CTTO SUPPORT NHSOS GENERAL OPERATIONS DURING THE 2024-2025 SEASON.$18k
FRIENDS CENTER FOR CHILDRENNEW HAVEN, CTTO SUPPORT THE RETROFIT AND STOCKING OF NEW MOBILE LIBRARY AND TEACHER LEARNING HUB.$18k
LITERACY VOLUNTEERS OF GREATER NEW HAVENWESTBROOK, CTTO SUPPORT LV'S SUCCESSFUL EFFORTS IN FOCUSING ON OUTREACH, ACCESS, AND EQUITY IN ORDER TO PROVIDE FREE TUTORING FOR ALL ADULTS. LV IS CONTINUING TO PRIORITIZE OUTREACH TO NEW AND RETURNING STUDENTS AND TUTORS WITH A STRONG DEI-FOCUSED LITERACY OUTREACH CAMPAIGN.$18k
SQUASH HAVENNEW HAVEN, CTTO SUPPORT THE NEEDS OF 175 SQUASH HAVEN TEAM MEMBERS IN 2023-24.$18k
BOUNDLESS LITERACYHAMDEN, CTTO SUPPORT THE ORGANIZATION'S ABILITY TO SERVE AS MANY STUDENTS AS POSSIBLE IN CONNECTICUT'S UNDERSERVED SCHOOLS AND DISTRICTS.$15k
CT CENTER FOR ARTS AND TECHNOLOGYNEW HAVEN, CTTO SUPPORT GENERAL OPERATIONS, ALLOWING FOR CONTINUED COMMUNITY IMPACT THROUGH WORKFORCE DEVELOPMENT TRAINING AND YOUTH DEVELOPMENT PROGRAMS.$15k
ROCKVILLE PUBLIC LIBRARYVERNON, CTTO FUND "READY FOR THE GRADE", A PUBLIC LIBRARY, K-3 SUMMER READING INITIATIVE DEVELOPED BY NEWALLIANCE FOUNDATION.$13k
ACHIEVEMENT FIRSTNEW HAVEN, CTTO SUPPORT ACHIEVEMENT FIRST'S NEW HAVEN SCHOOLS (ELM CITY COLLEGE PREP, AMISTAD ACADEMY) VIA A RENEWED GENERAL OPERATING GRANT FROM NEWALLIANCE FOUNDATION TO SUSTAIN OPERATIONS OF ACHIEVEMENT-GAP-CLOSING, COLLEGE-PREPARATORY, K-12 EDUCATIONAL PROGRAM.$13k
CAPA SHUBERT THEATRENEW HAVEN, CTTO PROVIDE GENERAL OPERATING FUNDS TO CONTINUE EFFORTS TO BRING IN CULTURES AND INTERNATIONAL ART FORMS.$13k
CONNECTICUT COURT APPOINTED SPECIAL ADVOCATESNEW HAVEN, CTTO SUPPORT A PORTION OF THE EXECUTIVE DIRECTORS PROGRAM TIME FOR THE NEW HAVEN REGION (WHILE COMPLEMENTING OTHER STAFF PAID FROM OTHER FUNDS), WHICH WILL ALLOW US TO EXPAND THE NUMBER OF CHILDREN SERVED WHILE ADHERING TO QUALITY STANDARDS FOR SCREENING, TRAINING, AND SUPERVISING VOLUNTEERS.$13k
CREATIVE ARTS WORKSHOPNEW HAVEN, CTTO SUPPORT VISUAL ARTS CLASSES AND INSTRUCTIONAL OPPORTUNITIES IN EIGHT DISCIPLINES.$13k
HABITAT FOR HUMANITY OF GREATER NEW HAVENNEW HAVEN, CTTO SUPPORT THE BUILDING OF A HABITAT HOME AT 33 NELSON STREET IN NEW HAVEN.$13k
HORIZONS AT THE FOOTE SCHOOLNEW HAVEN, CTTO SUPPORT SIX-WEEK, FULL-DAY SUMMER PROGRAM, WHERE STUDENTS PARTICIPATE IN PROJECT-BASED LEARNING IN LITERACY, MATH AND STEM, WITH ADDITIONAL ENRICHMENT ACTIVITIES IN ART, MUSIC, SWIMMING, AND MORE.$13k
INSTITUTE LIBRARYNEW HAVEN, CTTO SUPPORT A FELLOWSHIP PROGRAM THAT OFFERS AN OPPORTUNITY FOR NEW HAVEN HIGH SCHOOL STUDENTS TO EXPLORE RACE, RACIAL JUSTICE, AND RACISM, WHILE BUILDING THEIR RESEARCH AND PRESENTATION SKILLS AS WELL AS A PORTFOLIO OF WORK TO SHARE WITH COLLEGES AND DURING JOB INTERVIEWS.$13k
INTERNATIONAL FESTIVAL OF ARTS AND IDEASNEW HAVEN, CTTO SUPPORT ANNUAL PROGRAMMING.$13k
LONG WHARF THEATRENEW HAVEN, CTTO SUPPORT LONG WHARF THEATRE'S 2023-24 ACTIVITIES FOR GREATER NEW HAVEN RESIDENTS, INCLUDING THREE PROFESSIONALLY PRODUCED PLAYS, COMMUNITY PARTNERSHIPS, AND INVESTMENTS IN NEW WORK FOR THE AMERICAN STAGE.$13k
NEW HAVEN FREE PUBLIC LIBRARYNEW HAVEN, CTTO FUND "READY FOR THE GRADE", A PUBLIC LIBRARY, K-3 SUMMER READING INITIATIVE DEVELOPED BY NEWALLIANCE FOUNDATION.$11k
Compare this foundation's grantees

Up 4%
from 2023

From $161k in 2023 to $168k in 2024.

$161k
2023
$168k
2024
In today's dollarsEst.
Up 1% in real terms$180k to $181k

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

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 48%.

$161k in 2023 to $168k 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 ($25M - $50M), 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 NEWALLIANCE FOUNDATION INC

What does the Chief Executive Officer of NEWALLIANCE FOUNDATION INC earn?

In 2024, the Chief Executive Officer of NEWALLIANCE FOUNDATION INC received $167,752 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Connecticut, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEWALLIANCE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Connecticut, the 2024 pay of the Chief Executive Officer at NEWALLIANCE FOUNDATION INC falls between the median and the 75th percentile. In 2024, the highest total compensation at NEWALLIANCE FOUNDATION INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are NEWALLIANCE FOUNDATION INC's revenue and expenses?

In 2024, NEWALLIANCE FOUNDATION INC reported $1.2M in total revenue and $1.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.