The Berkshire Taconic Community Foundation Inc
- Assets
- $211.5m
- Revenue
- $32.0m
- Investments
- $115.9m
- Employees
- 26
- Location
- Sheffield, MA
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 06-1254469
Organization Overview
The Berkshire Taconic Community Foundation Inc is located in Sheffield, MA. The organization was established in 1991. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Berkshire Taconic Community Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire Taconic Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Berkshire Taconic Community Foundation Inc generated $32.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $26.1m during the year ending 12/2022. While expenses have increased by 18.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berkshire Taconic Community Foundation Inc has awarded 967 individual grants totaling $41,272,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COMMUNITIES THROUGH PHILANTHROPY AND LEADERSHIP.
Describe the Organization's Program Activity:
COMMUNITY PHILANTHROPY: PROVIDED SUPPLEMENTAL FINANCIAL SUPPORT TO ENHANCE THE COMMUNITY BOTH THROUGH AND TO RECOGNIZED CHARITABLE AGENCIES.
PROGRAM PHILANTHROPY: PROVIDED SUPPORT TO SPECIFIC FIELDS OF INTEREST TO STRENGTHEN OUR COMMUNITY, INCLUDING ENVIRONMENTAL PROTECTION, SOCIAL SERVICES, EDUCATION, AND YOUTH DEVELOPMENT.
REGIONAL PHILANTHROPY: PROVIDED CHARITABLE SUPPORT FOR SPECIFIC GEOGRAPHIC AREAS WITHIN THE REGION WE SERVE, AND FUND ADMINISTRATION FOR RELATED SUPPORTING ORGANIZATIONS SERVING THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Weininger Chair | OfficerTrustee | 3 | $0 |
Pamela R Green Vice Chair | OfficerTrustee | 3 | $0 |
David Offensend Vice Chair | OfficerTrustee | 3 | $0 |
Jodi K Rathbun-Briggs Treasurer | OfficerTrustee | 3 | $0 |
Ackneil M Muldrow III Secretary | OfficerTrustee | 3 | $0 |
Emilie Pryor Secretary (thru 6/30/22) | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz Associates Inc Investment Management | 12/30/22 | $170,533 |
Varde Investment Partners Investment Management | 12/30/22 | $114,335 |
Adage Capital Partners Investment Management | 12/30/22 | $122,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,434,857 |
| Noncash contributions included in lines 1a–1f | $6,525,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,434,857 |
| Total Program Service Revenue | $57,801 |
| Investment income | $1,976,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,530,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,998,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,586,034 |
| Grants and other assistance to domestic individuals. | $324,146 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,672 |
| Compensation of current officers, directors, key employees. | $164,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,333,015 |
| Pension plan accruals and contributions | $86,261 |
| Other employee benefits | $182,097 |
| Payroll taxes | $154,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,231 |
| Fees for services: Accounting | $46,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $977,093 |
| Fees for services: Other | $367,590 |
| Advertising and promotion | $34,704 |
| Office expenses | $115,156 |
| Information technology | $201,767 |
| Royalties | $0 |
| Occupancy | $64,436 |
| Travel | $17,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,078 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,951 |
| Insurance | $60,941 |
| All other expenses | $7,832 |
| Total functional expenses | $26,129,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,956,559 |
| Savings and temporary cash investments | $11,630,717 |
| Pledges and grants receivable | $1,290 |
| Accounts receivable, net | $79,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,521 |
| Net Land, buildings, and equipment | $48,906 |
| Investments—publicly traded securities | $80,825,553 |
| Investments—other securities | $115,891,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,484,549 |
| Accounts payable and accrued expenses | $257,045 |
| Grants payable | $440,624 |
| Deferred revenue | $60,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,161 |
| Total liabilities | $769,830 |
| Net assets without donor restrictions | $51,133,161 |
| Net assets with donor restrictions | $159,581,558 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $211,484,549 |
Grants Awarded
Over the last fiscal year, The Berkshire Taconic Community Foundation Inc has awarded $17,974,528 in support to 345 organizations.
| Grant Recipient | Amount |
|---|---|
18 DEGREES PURPOSE: FOR GENERAL OPERATING SUPPORT, KIDS4HARMONY PROGRAM, CHILDCARE SUPPORT. | $69,814 |
21ST CENTURY FUND FOR HVRHS PURPOSE: FOR PROGRAM SUPPORT | $24,853 |
ADAMS FIRE DEPARTMENT PURPOSE: EMT SCHOLARSHIPS | $5,600 |
ADAMS THEATER LLC PURPOSE: FOR GENERAL OPERATING SUPPORT | $35,000 |
ALLIED MEDIA PROJECTS PURPOSE: FOR PROFESSIONAL DEVELOPMENT AND WELLNESS | $18,000 |
AMERICAN AGORA FOUNDATION INC PURPOSE: FOR GENERAL SUPPORT | $45,000 |