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Charter Oak State College Foundation Inc

EIN 06-0969831 · New Britain, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceFair58 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE CHARTER OAK STATE COLLEGE FOUNDATION IS TO EXPAND ACCESS TO HIGHER EDUCATION BY SUPPORTING CHARTER OAK STATE COLLEGE STUDENTS AND PROGRAMS THROUGH PRIVATE PHILANTHROPY. THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, DEGREE COMPLETION ASSISTANCE, AND RELATED SUPPORT TO REDUCE FINANCIAL BARRIERS, PROMOTE EDUCATIONAL EQUITY, AND ADVANCE ECONOMIC AND CAREER MOBILITY. THROUGH DONOR AND ENDOWMENT SUPPORT, THE FOUNDATION SEEKS TO IMPROVE OUTCOMES FOR STUDENTS AND GRADUATES WHILE STRENGTHENING THE WORKFORCE AND THE COMMUNITIES SERVED BY THE COLLEGE.

Income
$445,773
Spending
$542,753
Spent on programs
77%
Reserves
10.6 months of spending
Largest source of income
government grants, 50%
Employees
0
Volunteers
0

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 10.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 22% of income.

  • Income trend

    0 of 15

    Income fell 64% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 58 out of 100.

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $252,399 spent. THE FOUNDATION AWARDS SCHOLARSHIPS AND GRANTS TO APPROXIMATELY 150 STUDENTS ANNUALLY TO REDUCE FINANCIAL BARRIERS TO PURSUING, CONTINUING, AND COMPLETING HIGHER EDUCATION. SUPPORT INCLUDES SCHOLARSHIPS, TECHNOLOGY ASSISTANCE, DEGREE COMPLETION AWARDS, PRIOR-LEARNING ASSESSMENT SUPPORT, EMERGENCY FINANCIAL ASSISTANCE, AND STUDENTPARENT PROGRAMMING, INCLUDING WIT/PIIT INITIATIVES. IN ADDITION, THE FOUNDATION ADMINISTERS NAMED ENDOWMENT FUNDS, HELD IN PERPETUITY, THAT PROVIDE ONGOING SCHOLARSHIPS BASED ON DONOR-DEFINED CRITERIA.
  2. $96,270 spent. PATHWAYS
  3. $67,417 spent. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1978.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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