Carver Foundation of Norwalk
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Carver Foundation of Norwalk meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Carver’s mission is to equip all learners for global competitiveness by leading strategic partnerships with schools and communities that advance excellence and growth opportunities.
Year, State Incorporated:
1942, CT
The Carver operates 60+ before-school, after-school, summer, and community programs in all K-12 public schools in Norwalk, Side by Side Charter School, the Classical Studies Magnet Academy in Bridgeport, three public elementary schools in Bridgeport, Naugatuck High School, Stamford High School, and the Carver Community Center.
The Carver programming aligns with in-school curricula, occurs within the students’ respective schools, and is led by each school’s daytime certified teachers. Carver students advance to the next grade on time and prepared.
The Carver prioritizes its role as a collaborative partner and adept problem-solver for school districts. By fostering strong, symbiotic relationships with educational institutions, The Carver dedicates itself to addressing schools' specific needs and challenges. This partnership-driven approach allows The Carver to tailor its solutions to enhance educational outcomes and provide meaningful support, ensuring that the primary focus remains on improving the school communities it serves. By embedding itself within the ecosystem of the school districts, The Carver underscores its commitment to collective success, opting to raise awareness and garner support through demonstrable impact rather than through self-centric branding efforts.
Our programs are infused with Project-Based Learning in STEAM subjects, which sometimes involve international projects. We also bring Social-Emotional Learning, a Multi-Tiered System of Support, and Wellness programming to everything we do. Enthusiastic parent and community engagement informs all our programs.
Skills training through a “learning through play” model provides our young people with tools and opportunities to imagine, create, share, and learn while encouraging them to engage and collaborate. With our strategic partners, Carver conducts research to understand and measure student performance and growth, and we continuously develop new evidence-based programming.
Our alumni are ambitious critical thinkers making their mark in law, government, medicine, finance, entertainment, professional sports, technology, education, entrepreneurship, and creative arts.
For the year ended June 30, 2024, Carver Foundation of Norwalk's program expenses were:
| Program Services | $8,550,828 |
| Total Program Expenses | $8,550,828 |
Chief Executive
Novelette Peterkin, CEO
Chair of the Board
Mr. Philip Butterfield, Social Venture Partners Connecticut/Volunteer; HSBC Bank Of Bermuda, Chairman, Retired
Chair's Profession / Business Affiliation
Retired
Board Size
14
Paid Staff Size
510
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Carver Foundation of Norwalk's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Grants | $5,329,850 |
| Program Fees | $3,051,425 |
| Contributions | $924,435 |
| Fundraisers | $595,855 |
| Interest & Dividend Income | $45,824 |
| In-Kind Revenue | $28,870 |
| Total Income | $9,976,259 |
Programs: 88% Fundraising: 7% Administrative: 4%
| Total Income | $9,976,259 |
| Total expenses: | $9,681,004 |
| Program expenses | $8,550,828 |
| Fundraising expenses | $708,236 |
| Administrative expenses | $421,940 |
| Other expenses | $0 |
| Income in Excess of Expenses | $295,255 |
| Beginning Net Assets | $4,921,664 |
| Other Changes In Net Assets | $5,985 |
| Ending Net Assets | $5,222,904 |
| Total Liabilities | $664,312 |
| Total Assets | $5,887,216 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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Report completed by:
BBB Foundation of Metropolitan New York