Ulster Community College Foundation Inc

Organization Overview

Ulster Community College Foundation Inc is located in Stone Ridge, NY. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Ulster Community College Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ulster Community College Foundation 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 06/2022, Ulster Community College Foundation Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 7.4% 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 2019, Ulster Community College Foundation Inc has awarded 11 individual grants totaling $1,384,028. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT, ACCEPT, HOLD, INVEST, REINVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS, AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF OR USE THE PROPERTY IN KIND FOR THE BENEFIT OF ULSTER COUNTY COMMUNITY COLLEGE, ITS STUDENTS AND GRADUATES, AS WELL AS FOR THE BENEFIT OF THE COMMUNITY IT SERVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL SCHOLARSHIPS AND PROGRAM EXPENSES FOR THE BENEFIT OF THE ULSTER COUNTY COMMUNITY COLLEGE AND ITS STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
John A Degasperis ESQ
Vice-Chairperson
$0
Laurel Sweeney
Chairperson
$0
Barbara Cohen
Secretary
$0
Floyd Lattin
Treasurer
$0
Lorraine Salmon
Executive Director
$0
Dr Alan P Roberts
Director
$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$2,670,677
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,670,677
Total Program Service Revenue$0
Investment income $320,608
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $193,447
Net Income from Fundraising Events $125,250
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,338,472

Grants Awarded

Over the last fiscal year, Ulster Community College Foundation Inc has awarded $508,869 in support to 2 organizations.

Grant RecipientAmount

ULSTER COMMUNITY COLLEGE

Org PageRecipient Profile

Stone Ridge, NY

PURPOSE: REIMBURSEMENT OF SALARY & BENEFITS; NOVO GRANT PERSONNEL

$282,797

ULSTER COMMUNITY COLLEGE

Org PageRecipient Profile

Stone Ridge, NY

PURPOSE: REIMBURSEMENT FOR PROGRAM EXPENSES

$226,072
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ulster Community College Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Ulster Savings Charitable Foundation

Kingston, NY

PURPOSE: EXEMPT PURPOSE

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,688,630
Earnings-$915,490
Net Contributions$135,016
Other Expense$274,565
Ending Balance$6,633,591

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