Community Foundation Of Herkimer And Oneida Counties Inc
- Assets
- $201.5m
- Revenue
- $21.2m
- Investments
- $7.8m
- Employees
- 20
- Location
- Utica, NY
- Founding
- 08/1957
- Data as of
- 12/2023
- EIN
- 15-6016932
Organization Overview
Community Foundation Of Herkimer And Oneida Counties Inc is located in Utica, NY. The organization was established in 1957. 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 Of Herkimer And Oneida Counties Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Herkimer And Oneida Counties 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 12/2023, Community Foundation Of Herkimer And Oneida Counties Inc generated $21.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $14.6m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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 Of Herkimer And Oneida Counties Inc has awarded 1,398 individual grants totaling $68,107,687. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF THE RESIDENTS OF HERKIMER AND ONEIDA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION IS A COMMUNITY-BASED, SOCIAL IMPACT INVESTOR THAT USES ITS FINANCIAL, INTELLECTUAL AND CONVENING CAPITAL TO IMPROVE QUALITY OF LIFE IN HERKIMER AND ONEIDA COUNTIES. IN 2023, THE COMMUNITY FOUNDATION AWARDED MORE THAN 1,881 GRANTS AND SCHOLARSHIPS TO ELIGIBLE NONPROFITS PRIMARILY IN HERKIMER AND ONEIDA COUNTIES. RESPONSIVE GRANTS FOCUS ON NEEDS RELATED TO THE COMMUNITY FOUNDATION'S CORE INVESTMENT AREAS - ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND ARTS/CULTURE - AND HELP NONPROFITS BETTER SERVE THEIR CONSITUENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bojanek Trustee | Trustee | 1 | $0 |
Roann Destito Trustee | Trustee | 1 | $0 |
Shyqual Lewis Trustee | Trustee | 1 | $0 |
James Engler Trustee | Trustee | 1 | $0 |
Michael Hayduk Trustee | Trustee | 1 | $0 |
Kirk Hinman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles A Gaetano Construction Corp Construction | 12/30/14 | $1,514,287 |
Mpw Marketing Llc Marketing Services | 12/30/14 | $154,607 |
Bonacci Architects Architecture | 12/30/14 | $103,119 |
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 | $14,126,771 |
| Noncash contributions included in lines 1a–1f | $1,005,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,126,771 |
| Total Program Service Revenue | $87,685 |
| Investment income | $3,793,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,215,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,224,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,386,041 |
| Grants and other assistance to domestic individuals. | $314,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $483,877 |
| Compensation of current officers, directors, key employees. | $288,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,352,753 |
| Pension plan accruals and contributions | $76,203 |
| Other employee benefits | $144,693 |
| Payroll taxes | $135,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,453 |
| Fees for services: Accounting | $22,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,191,948 |
| Fees for services: Other | $39,597 |
| Advertising and promotion | $93,319 |
| Office expenses | $44,146 |
| Information technology | $143,773 |
| Royalties | $0 |
| Occupancy | $107,143 |
| Travel | $36,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,957 |
| Insurance | $26,564 |
| All other expenses | $0 |
| Total functional expenses | $14,608,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,985,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $155,279 |
| Investments—publicly traded securities | $176,703,166 |
| Investments—other securities | $7,808,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,826,314 |
| Total assets | $201,478,972 |
| Accounts payable and accrued expenses | $192,812 |
| Grants payable | $5,375,825 |
| Deferred revenue | $825,818 |
| 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 | $10,476,133 |
| Total liabilities | $16,870,588 |
| Net assets without donor restrictions | $34,974,884 |
| Net assets with donor restrictions | $149,633,500 |
| 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 | $201,478,972 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Herkimer And Oneida Counties Inc has awarded $9,081,294 in support to 177 organizations.
| Grant Recipient | Amount |
|---|---|
4PETSAKE FOOD PANTRY PURPOSE: GENERAL SUPPORT | $32,452 |
4 ELEMENTS STUDIO PURPOSE: GENERAL SUPPORT PROGRAM SUPPORT | $41,947 |
50 FORWARD MOHAWK VALLEY PURPOSE: GENERAL SUPPORT PROGRAM SUPPORT CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS | $272,216 |
ABRAHAM HOUSE PURPOSE: GENERAL SUPPORT CAPITAL, INFRASTRUCTURE - EQUIPMENT | $11,591 |
ADIRONDACK CENTER FOR WRITING INC PURPOSE: PROGRAM SUPPORT | $27,800 |
ADIRONDACK EXPERIENCE PURPOSE: GENERAL SUPPORT PROGRAM SUPPORT | $10,000 |