The Community Foundation For The Greater Capital Region Inc
- Assets
- $120.2m
- Revenue
- $24.9m
- Investments
- $47.3m
- Employees
- 10
- Location
- Albany, NY
- Founding
- 12/1968
- Data as of
- 12/2021
- 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 12/2021, Community Foundation For The Greater Capital Region Inc employed 10 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 12/2021, Community Foundation For The Greater Capital Region Inc generated $24.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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 2,237 individual grants totaling $42,572,163. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.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:
SEE SCHEDULE O.THE FOUNDATION ADMINISTERS MORE THAN 470 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 $109.9 MILLION TO SUPPORT THE CAPITAL REGION AND BEYOND. IN 2021, THE FOUNDATION GRANTED AND FACILITATED NEARLY $7.9 MILLION IN 1,400 GRANTS. OF THESE GRANTS, 205 NONPROFIT PROGRAMS RECEIVED OVER $5,000 EACH. THE TOP FOCUS AREAS TO WHICH GRANTS WERE AWARDED IN 2021 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 2021, THE PED SCHOLARSHIP GRANTED MORE THAN $379,000, COMBINED WITH THE FOUNDATION'S OTHER SCHOLARSHIP FUNDS, RESULTED IN DISTRIBUTING MORE THAN $598,000 GRANTED THROUGH 189 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Eberle President & CEO | Officer | 40 | $196,246 |
Terry D Mariano CFO | Officer | 40 | $138,173 |
Robert T Hennes Treasurer | OfficerTrustee | 1 | $0 |
Kevin M O'bryan Immediate Past Chair | OfficerTrustee | 1 | $0 |
Mark Eagan Chair | OfficerTrustee | 2 | $0 |
Alicia Lasch First Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Troy Architectural Program Public Arts Project | 12/30/16 | $761,000 |
Mckinsey & Company Consulting | 12/30/16 | $739,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,180 |
| Related organizations | $0 |
| Government grants | $137,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,052,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,220,903 |
| Total Program Service Revenue | $160,070 |
| Investment income | $1,406,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,075,616 |
| Net Income from Fundraising Events | $23,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,885,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,672,364 |
| Grants and other assistance to domestic individuals. | $598,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,209 |
| Compensation of current officers, directors, key employees. | $239,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,817 |
| Pension plan accruals and contributions | $16,948 |
| Other employee benefits | $14,177 |
| Payroll taxes | $56,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,351 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $701,559 |
| Fees for services: Other | $37,700 |
| Advertising and promotion | $16,971 |
| Office expenses | $16,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,674 |
| Travel | $1,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,219 |
| Insurance | $19,739 |
| All other expenses | $0 |
| Total functional expenses | $9,254,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,000 |
| Savings and temporary cash investments | $1,290,291 |
| Pledges and grants receivable | $876,337 |
| Accounts receivable, net | $3,500 |
| 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 | $36,112 |
| Net Land, buildings, and equipment | $63,408 |
| Investments—publicly traded securities | $68,341,230 |
| Investments—other securities | $47,292,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,663,563 |
| Total assets | $120,227,075 |
| Accounts payable and accrued expenses | $42,524 |
| Grants payable | $296,327 |
| 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 | $4,095,692 |
| Total liabilities | $4,434,543 |
| Net assets without donor restrictions | $50,451,319 |
| Net assets with donor restrictions | $65,341,213 |
| 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 | $120,227,075 |
Grants Awarded
Over the last fiscal year, The Community Foundation For The Greater Capital Region Inc has awarded $6,042,235 in support to 179 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: COMMUNITY HEALTH PROGRAMS, COVID TRANSPORTATION, COLON CANCER OUTREACH, THE ANNAL FUND, AND UNRESTRICTED USE | $314,500 |
Albany, NY PURPOSE: FOR EDUCATIONAL ENRICHMENT, THE PEDIATRIC EMERGENCY FUND, DR. SALMAN'S RESEARCH, THE ANNUAL FUND, AND UNRESTRICTED USE. | $312,227 |
Malta, NY PURPOSE: FOR THE BUILDING CAMPAIGN AND HOLIDAY HELP | $311,000 |
CAPITAL DISTRICT LATINOS INC PURPOSE: FOR THE CAPITAL PROJECT | $250,000 |
CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE INC PURPOSE: FOR UNRESTRICTED USE | $200,000 |
Albany, NY PURPOSE: FOR UNRESTRICTED USE | $176,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Community Foundation For The Greater Capital Region Inc has recieved totaling $1,089,500.
| Awarding Organization | Amount |
|---|---|
Mitzen Foundation Inc Saratoga Springs, NY PURPOSE: GENERAL NEEDS | $1,007,500 |
John D Picotte Family Foundation Albany, NY PURPOSE: COVID-19 RELIEF; PASS- THROUGH GRANTS | $50,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOY - ADME - COMM | $10,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: MURRAY - ADME - COMM | $10,000 |
The Cottage Bridge Foundation Pittsburgh, PA PURPOSE: DRILLING FOR HOPE FUND | $7,500 |
The Bender Family Foundation Albany, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $51,222,338 |
| Earnings | $8,911,821 |
| Net Contributions | $13,062,621 |
| Other Expense | $1,911,930 |
| Ending Balance | $71,284,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |