Foundation Of Fulton-Montgomery Community College Inc
- Assets
- $6.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Johnstown, NY
- Founding
- 03/1983
- Data as of
- 08/2022
- EIN
- 14-1584150
Organization Overview
Foundation Of Fulton-Montgomery Community College Inc is located in Johnstown, NY. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Fulton-Montgomery Community College 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 08/2022, Foundation Of Fulton-Montgomery Community College Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $576.1k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FINANCIAL AND EDUCATIONAL SUPPORT TO THE FULTON MONTGOMERY COMMUNITY COLLEGE OF JOHNSTOWN, NEW YORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE FOR SCHOLARSHIPS AND AWARDS TO FULTON-MONTGOMERY COMMUNITY COLLEGE STUDENTS, AND TO PURCHASE MATERIALS AND EQUIPMENT FOR EDUCATIONAL PROGRAMS TO BENEFIT ALL STUDENTS AND IMPROVE STUDENT LIFE AT FULTON- MONTGOMERY COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lesniewski Treasurer | OfficerTrustee | $0 | |
Max Spritzer Vice Chairpe | OfficerTrustee | $0 | |
William Winsman Chairperson | OfficerTrustee | $0 | |
Larry Zuckerman Secretary | OfficerTrustee | $0 | |
Pierre Alric Director | Trustee | $0 | |
Diana Marshall Director | Trustee | $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 | $455,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,545 |
| Total Program Service Revenue | $0 |
| Investment income | $131,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,041,197 |
| Net Income from Fundraising Events | $19,054 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,647,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $240,757 |
| 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 | $100,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,997 |
| Fees for services: Other | $1,308 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,412 |
| 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 | $0 |
| Insurance | $500 |
| All other expenses | $0 |
| Total functional expenses | $576,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,119 |
| Accounts receivable, net | $1,200 |
| 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 | $0 |
| Net Land, buildings, and equipment | $360,714 |
| Investments—publicly traded securities | $5,467,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,230,918 |
| Accounts payable and accrued expenses | $300 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $0 |
| Total liabilities | $5,300 |
| Net assets without donor restrictions | $1,071,648 |
| Net assets with donor restrictions | $5,153,970 |
| 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 | $6,230,918 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Foundation Of Fulton-Montgomery Community College Inc has recieved totaling $159,059.
| Awarding Organization | Amount |
|---|---|
Johnstown Hospital Foundation Inc Johnstown, NY PURPOSE: VARIOUS | $130,000 |
Frank E Perrella Charitable Tr Norwich, NY PURPOSE: GENERAL OPERATING | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,289 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $5,000 |
Burton And Wemple Scholarship Fund Uw Norwich, NY PURPOSE: SCHOLARSHIP | $3,470 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |