Foundation Of Fulton-Montgomery Community College Inc
- Assets
- $6.5m
- Revenue
- $388.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Johnstown, NY
- Founding
- 03/1983
- Data as of
- 08/2023
- 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 08/2023, Foundation Of Fulton-Montgomery Community College Inc generated $388.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $423.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 4 years. 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
2023
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
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 |
|---|---|---|---|
Dr Gregory Truckenmiller President | Trustee | $0 | |
Larry Zuckerman Secretary | OfficerTrustee | $0 | |
Lesley Lanzi Executive Di | Trustee | 40 | $0 |
Pierre Alric Director | Trustee | $0 | |
John Blackmon Director | Trustee | $0 | |
Scott Bruce 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 | $263,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,324 |
| Total Program Service Revenue | $0 |
| Investment income | $123,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,423 |
| Net Income from Fundraising Events | $6,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $231,931 |
| 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 | $5,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,795 |
| Fees for services: Other | $7,331 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,658 |
| 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 | $423,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $66,470 |
| Accounts receivable, net | $2,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $360,714 |
| Investments—publicly traded securities | $5,932,203 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,528,362 |
| Accounts payable and accrued expenses | $981 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $981 |
| Net assets without donor restrictions | $991,163 |
| Net assets with donor restrictions | $5,536,218 |
| 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 | $6,528,362 |