The Community Foundation For The Greater Capital Region Inc
- Assets
- $100.8m
- Revenue
- $11.7m
- Investments
- $39.1m
- Employees
- 12
- Location
- Albany, NY
- Founding
- 12/1968
- Data as of
- 12/2022
- EIN
- 14-1505623
Organization Overview
The Community Foundation For The Greater Capital Region Inc is located in Albany, NY. The organization was established in 1968. 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 12/2023, Community Foundation For The Greater Capital Region Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For The Greater Capital Region 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, Community Foundation For The Greater Capital Region Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $8.5m during the year ending 12/2022. While expenses have increased by 1.4% 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 2014, Community Foundation For The Greater Capital Region Inc has awarded 2,724 individual grants totaling $53,672,267. 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
THE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY. THE FOUNDATION DOES THIS IN COLLABORATION WITH DONORS AND COMMUNITY PARTNERS WHO SHARE ITS VISION FOR COMMUNITY TRANSFORMATION THROUGH STEWARDSHIP OF CHARITABLE ENDOWMENTS, SUPERIOR DONOR SERVICES, EFFECTIVE GRANT MAKING, AND LEADERSHIP TO ADDRESS COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.THE FOUNDATION ADMINISTERS MORE THAN 460 CHARITABLE FUNDS, AND IN PARTNERSHIP WITH OUR DONORS, PROVIDES LEADERSHIP AND SUPPORT FOR SOME OF THE CAPITAL REGION'S MOST IMPORTANT HUMAN SERVICE, EDUCATION, ARTS/CULTURE, COMMUNITY IMPROVEMENT AND HOUSING/SHELTER INITIATIVES.SINCE OUR FOUNDING IN 1968, THE FOUNDATION HAS AWARDED MORE THAN $126.2 MILLION TO SUPPORT THE CAPITAL REGION AND BEYOND. IN 2023, THE FOUNDATION GRANTED AND FACILITATED OVER $9.1 MILLION IN 1,562 GRANTS. OF THESE GRANTS, 235 NONPROFIT PROGRAMS RECEIVED UP TO $5,000 EACH. THE TOP FOCUS AREAS TO WHICH GRANTS WERE AWARDED IN 2023 WERE HUMAN SERVICES, EDUCATION, ARTS/CULTURE/HUMANITIES, HOUSING AND SHELTER, AND COMMUNITY IMPROVEMENT/CAPACITY BUILDING.THE FOUNDATION MAINTAINS A FOCUS ON INVESTING IN THE CAPACITY OF LOCAL NONPROFITS, IN ORDER TO HELP THEM OPERATE AND SERVE THEIR POPULATIONS MORE EFFECTIVELY. WE ACCOMPLISH THIS THROUGH MODEST GRANT AWARDS TO SUPPORT INFRASTRUCTURE, HUMAN RESOURCES, AND MANAGEMENT/BOARD TRAINING UPGRADES, AS WELL AS OUR SUPPORT FOR, AND COORDINATION OF, THE CAPACITY BUILDING MINI-GRANT PROGRAM. THIS PROGRAM, OFFERED FREE EACH YEAR, CONSISTS OF A SERIES OF HALF-DAY WORKSHOPS FOR NONPROFIT LEADERS AND THEIR BOARD MEMBERS ON A WIDE RANGE OF TOPICS, SUCH AS PERSONNEL RISK MANAGEMENT, REGULATORY CHANGES AFFECTING THE NONPROFIT FIELD, DEVELOPMENT AND COMMUNICATIONS, AND TECHNOLOGY SOLUTIONS.THE FOUNDATION AWARDS GRADE SCHOOL, COLLEGE, AND CONTINUING EDUCATION SCHOLARSHIPS TO HUNDREDS OF LOCAL SCHOLARS EACH YEAR. THE FOUNDATION'S LARGEST SCHOLARSHIP FUND IS THE PHYLLIS E. DAKE "MAKE YOUR OWN" SCHOLARSHIP FUND (PED), WHICH PROVIDES COLLEGE FUNDING FOR CHILDREN OF STEWART'S SHOPS EMPLOYEES. IN 2023, THE PED SCHOLARSHIP GRANTED MORE THAN $484,000, COMBINED WITH THE FOUNDATION'S OTHER SCHOLARSHIP FUNDS, RESULTED IN DISTRIBUTING MORE THAN $702,000 GRANTED THROUGH 194 SCHOLARSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Lasch Chair | OfficerTrustee | 2 | $0 |
Robert T Hennes Treasurer | OfficerTrustee | 1 | $0 |
Belinda Hilton Secretary | OfficerTrustee | 1 | $0 |
Robert S Reynolds ESQ First Vice Chair | OfficerTrustee | 1 | $0 |
Hon Dorcey Applyrs Drph MPH Director | Trustee | 1 | $0 |
Christopher L Cimijotti CPA Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinsey & Company Consulting | 12/30/16 | $739,600 |
Troy Architectural Program Public Arts Project | 12/30/16 | $761,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,430 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,560,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,584,370 |
| Total Program Service Revenue | $137,601 |
| Investment income | $1,759,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,539 |
| Net Income from Fundraising Events | $25,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,740,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,852,637 |
| Grants and other assistance to domestic individuals. | $717,818 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,639 |
| Compensation of current officers, directors, key employees. | $240,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $545,028 |
| Pension plan accruals and contributions | $31,157 |
| Other employee benefits | $23,293 |
| Payroll taxes | $68,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,791 |
| Fees for services: Accounting | $33,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $512,257 |
| Fees for services: Other | $22,973 |
| Advertising and promotion | $36,797 |
| Office expenses | $26,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,658 |
| Travel | $2,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,184 |
| Insurance | $18,004 |
| All other expenses | $0 |
| Total functional expenses | $8,524,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $806,241 |
| Savings and temporary cash investments | $1,044,184 |
| Pledges and grants receivable | $617,500 |
| Accounts receivable, net | $13,000 |
| 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 | $34,634 |
| Net Land, buildings, and equipment | $47,554 |
| Investments—publicly traded securities | $57,551,531 |
| Investments—other securities | $39,116,561 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,568,684 |
| Total assets | $100,799,889 |
| Accounts payable and accrued expenses | $61,623 |
| Grants payable | $141,126 |
| Deferred revenue | $0 |
| 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 | $3,530,548 |
| Total liabilities | $3,733,297 |
| Net assets without donor restrictions | $40,068,830 |
| Net assets with donor restrictions | $56,997,762 |
| 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 | $100,799,889 |
Grants Awarded
Over the last fiscal year, The Community Foundation For The Greater Capital Region Inc has awarded $6,582,035 in support to 287 organizations.
| Grant Recipient | Amount |
|---|---|
4TH FAMILY INC PURPOSE: GRANT APPROVED BY CFGCR FOR GENERAL OPERATING SUPPORT | $12,500 |
ADIRONDACK EXPERIENCE PURPOSE: GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR THE ARTISTS & INSPIRATION IN THE WILD EXHIBIT | $50,000 |
ADIRONDACK HEALTH FOUNDATION PURPOSE: GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR THE CORNERSTONE CAMPAIGN | $25,000 |
AFP HUDSON MOHAWK CHAPTER PURPOSE: GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR UNRESTRICTED USE | $10,000 |
AFRICAN REFLECTIONS FOUNDATION INC PURPOSE: GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR WELLS AND GREEN HOUSE | $34,900 |
AGAPE APOSTOLIC CHURCH OF DELIVERANCE PURPOSE: GRANT AWARDED PER THE RECOMMENDATION OF A DONOR ADVISOR AND APPROVED BY CFGCR FOR THE BREAD OF LIFE FOOD PANTRY FOR THANKSGIVING | $5,000 |