Corning Classic Charities
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Corning, NY
- Founding
- 05/1979
- Data as of
- 12/2022
- EIN
- 11-9904027
Organization Overview
Corning Classic Charities is located in Corning, NY. The organization was established in 1979. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Corning Classic Charities employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corning Classic Charities 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, Corning Classic Charities generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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 2015, Corning Classic Charities has awarded 23 individual grants totaling $200,810. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIRST TEE - CORNING PROGRAM IS FOR JUNIOR GOLFERS AND THE WINEGLASS RACE SERIES ARE THE TWO PRIMARY PROGRAMS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE FIRST TEE - CORNING, OF WHICH THE OBJECTIVES ARE TO ASSIST IN PROVIDING A PLACE FOR YOUTH TO ENHANCE THEIR SKILLS AND LEARN POSITIVE PARTICIPATION BY EMBRACING THE NINE CORE VALUES FOR A SUCCESSFUL LIFE AS OUTLINED IN THE FIRST TEE CHARTER.FIRST TEE - CORNING ENDED OPERATIONS IN OCTOBER 2022. THE ORGANIZATION HAS WORKED WITH OUR PARTNERS TO ENSURE JUNIOR GOLF PROGRAMMING WILL CONTINUE GOING FORWARD, JUST IN A DIFFERENT WAY.
THE WINEGLASS RACE SERIES PROGRAM IS PRINCIPALLY ENGAGED IN THE ORGANIZATION AND MANAGEMENT OF THE WINEGLASS MARATHON WHICH IS HELD ANNUALLY IN THE FINGERLAKES REGION OF UPSTATE NEW YORK AND PRESENTLY CONSISTS OF A MARATHON, A HALF-MARATHON AND 5-K AND RELATED EVENTS AND ACTIVITIES. IN ADDITION, IN CONJUNCTION WITH GLASSFEST IN CORNING'S GAFFER DISTRICT, THE ORGANIZATION PRESENTS AN 8K EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Sharkey President | OfficerTrustee | 5 | $0 |
Dawnmarie Castellana VP & Secretary | OfficerTrustee | 5 | $0 |
John Sirianni Treasurer | OfficerTrustee | 2 | $0 |
Coleen Fabrizi Board Member | Trustee | 2 | $0 |
Kevin Corliss Board Member | Trustee | 2 | $0 |
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 | $317,229 |
| Noncash contributions included in lines 1a–1f | $211,732 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,229 |
| Total Program Service Revenue | $896,715 |
| Investment income | $6,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,220,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,580 |
| Payroll taxes | $17,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $4,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,600 |
| Advertising and promotion | $53,358 |
| Office expenses | $17,378 |
| Information technology | $5,938 |
| Royalties | $0 |
| Occupancy | $12,655 |
| Travel | $1,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,326 |
| Insurance | $7,634 |
| All other expenses | $0 |
| Total functional expenses | $1,173,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,454 |
| Savings and temporary cash investments | $977,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $642 |
| 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 | $2,681 |
| Net Land, buildings, and equipment | $13,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,920 |
| Other assets | $22,740 |
| Total assets | $1,798,061 |
| Accounts payable and accrued expenses | $481 |
| Grants payable | $0 |
| Deferred revenue | $135,648 |
| 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 | $32,690 |
| Total liabilities | $168,819 |
| Net assets without donor restrictions | $1,616,330 |
| Net assets with donor restrictions | $12,912 |
| 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 | $1,798,061 |
Grants Awarded
Over the last fiscal year, Corning Classic Charities has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORNING MUSEUM OF GLASS PURPOSE: COMMUNITY SUPPORT | $5,500 |
YMCA OF GREATER ROCHESTER PURPOSE: COMMUNITY SUPPORT | $6,500 |