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2023 Norwalk ACTS Impact Report

Norwalk ACTS is a Collective Impact partnership that brings people together in a structured way to achieve social change. Collective Impact is rooted in the belief that no single entity alone can create large-scale, lasting social change.

Norwalk ACTS is a Collective Impact partnership that brings people together in a structured way to achieve social change. Collective Impact is rooted in the belief that no single entity alone can create large-scale, lasting social change.

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/ Financials

/ STATEMENT OF ACTIVITY

Complete financial statements, audited by T.M. Byxbee, are available upon request.

Revenues FY22-23 FY21-22

Individual Giving $18,090 $18,555

Interest Income $6,837 $194

Major Gifts $210,000 $100,000

Noncash Donation $247 $0

Operating Reserve Gift $0 $200,000

Program Fees Revenue $45,900 $45,000

Restricted Grants $51,323 $305,442

State & City Grants $165,000 $95,000

Unrestricted Grants $655,000 $859,500

Total Revenue $1,152,397 $1,623,692

Expenses 2023 2022

Communications & Marketing $34,081 $38,556

Depreciation Expense $3,633 $3,772

General and Administration $1,781 $1,367

Initiatives & Cornerstones $6,162 $7,071

Insurance $5,255 $4,998

Office Supplies $1,302 $333

Payroll Costs $1,027,646 $900,665

Professional Services $20,197 $22,881

Rent & Utilities $13,545 $13,545

Restricted Grant Expenditures $101,466 $143,613

Special Events $2,178.00 -

Technology $20,115 $19,368

Travel, Training, Meetings and Membership $30,050 $8,581

Total Expenditures $1,267,413 $1,164,751

Other Revenue (gain/loss on investments) $(5,906) $120

Net Revenue $(120,922)* $459,061

*Norwalk ACTS received a $175,000 unrestricted grant at the end of June 2022 which was utilized for expenses in

FY22-23. Had the grant been received as anticipated in FY22-23, the adjusted revenue totals for both years would be:

FY2023

FY2022

Unrestricted Grants $830,000 $684,500

Total Revenue $1,327,397 $1,448,692

Net Revenue $54,078 $284,061

14 / Norwalk ACTS

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