Northern New York Community Foundation Inc
- Assets
- $127.7m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Watertown, NY
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 15-6020989
Organization Overview
Northern New York Community Foundation Inc is located in Watertown, NY. The organization was established in 1942. 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 12/2022, Northern New York Community Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern New York Community 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 12/2022, Northern New York Community Foundation Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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 2015, Northern New York Community Foundation Inc has awarded 515 individual grants totaling $14,254,338. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2 FOR COMPLETE MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHERN NEW YORK COMMUNITY FOUNDATION RESPONSIBLY STEWARDS CHARITABLE GRANTMAKING FUNDS DESIGNED TO ENHANCE THE QUALITY OF LIFE IN JEFFERSON, LEWIS AND ST. LAWRENCE COUNTIES. THE COMMUNITY FOUNDATION COLLABORATES WITH A NUMBER OF DONORS AND NONPROFIT ORGANIZATIONS TO IDENTIFY IMPORTANT COMMUNITY PROGRAMS AND PROJECTS THAT CREATE A PROSPEROUS REGION. THE COMMUNITY FOUNDATION'S GRANT PROGRAMS ARE FOCUSED ON STEWARDSHIP, IMPACT, INCLUSION AND BETTER COMMUNITIES FOR ALL. APPLICATIONS ARE SUBMITTED FROM FEDERALLY CLASSIFIED, 501(C)(3) NONPROFIT ORGANIZATIONS IN JEFFERSON, LEWIS AND ST. LAWRENCE COUNTIES THAT ALIGN WITH THE COMMUNITY FOUNDATION'S MISSION OF FOSTERING VIBRANT NORTH COUNTRY COMMUNITIES.
SCHOLARSHIP FUNDS ARE ESTABLISHED BY INDIVIDUALS, FAMILIES, ORGANIZATIONS OR BUSINESSES INTERESTED IN HELPING STUDENTS WITH THEIR EDUCATIONAL PURSUITS. THE COMMUNITY FOUNDATION DOES STEWARD FIRST-YEAR AND NON-TRADITIONAL SCHOLARSHIP PROGRAMS, ALONG WITH A VARIETY OF OTHER RESTRICTED SCHOLARSHIP FUNDS FOR THE BENEFIT OF CITIZENS RESIDING IN JEFFERSON, LEWIS AND ST. LAWRENCE COUNTIES. THE COMMUNITY FOUNDATION FACILITATES SCHOLARSHIPS WITH UNIQUE CRITERIA AND EDUCATION FOCUS. THE COMMUNITY FOUNDATION WORKS CLOSELY WITH DONORS TO FULFILL THEIR CHARITABLE INTERESTS RELATED TO SUPPORTING EDUCATIONAL PURSUITS OF STUDENT RECIPIENTS.
THE COMMUNITY FOUNDATION WORKS WITH INDIVIDUALS, FAMILIES AND BUSINESSES SEEKING A STRUCTURED, ORGANIZED METHOD TO COMPLETE GRANTMAKING TO ELIGIBLE NONPROFIT ORGANIZATIONS. DONOR ADVISED FUNDS PROVIDE A SIMPLE AND EFFICIENT VEHICLE TO MANAGE AND FULFILL A DONOR'S CHARITABLE GIVING INTERESTS AND PASSIONS AS THEY CHANGE OVER TIME. DONOR ADVISED FUND GRANTS ARE DISTRIBUTED FOLLOWING APPROVAL FROM THE COMMUNITY FOUNDATION FROM TIME TO TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine F Fenlon Immediate Past Chair | OfficerTrustee | 3 | $0 |
Mark R Lavarnway Secretary/treasurer | OfficerTrustee | 3 | $0 |
Elizabeth Perry Board Member | Trustee | 3 | $0 |
Faye C Waterman Board Member | Trustee | 1 | $0 |
Marie A Hess Board Member | Trustee | 1 | $0 |
Catherine Burns Quencer Chair | OfficerTrustee | 5 | $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 | $8,495,940 |
| Noncash contributions included in lines 1a–1f | $2,332,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,495,940 |
| Total Program Service Revenue | $0 |
| Investment income | $1,837,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,745 |
| Net Gain/Loss on Asset Sales | $706,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,176,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,597,395 |
| Grants and other assistance to domestic individuals. | $1,153,058 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $318,055 |
| Compensation of current officers, directors, key employees. | $120,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,477 |
| Pension plan accruals and contributions | $73,278 |
| Other employee benefits | $68,196 |
| Payroll taxes | $52,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84,249 |
| Office expenses | $10,173 |
| Information technology | $50,007 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,858 |
| Insurance | $13,168 |
| All other expenses | $0 |
| Total functional expenses | $5,130,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,112,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,180 |
| 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 | $21,611 |
| Net Land, buildings, and equipment | $3,958,388 |
| Investments—publicly traded securities | $114,821,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,738,973 |
| Total assets | $127,657,866 |
| Accounts payable and accrued expenses | $75,645 |
| Grants payable | $251,881 |
| 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 | $12,601,339 |
| Total liabilities | $12,928,865 |
| Net assets without donor restrictions | $110,738,572 |
| Net assets with donor restrictions | $3,990,429 |
| 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 | $127,657,866 |
Grants Awarded
Over the last fiscal year, Northern New York Community Foundation Inc has awarded $2,197,576 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
WATERTOWN URBAN MISSION PURPOSE: GENERAL SUPPORT | $36,450 |
CAPE VINCENT FOOD PANTRY PURPOSE: GENERAL SUPPORT | $30,500 |
TRINITY EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $16,600 |
ASSOCIATION FOR THE BLIND AND VISUALLY IMPAIRED OF NNY PURPOSE: GENERAL SUPPORT | $6,558 |
ACR HEALTH PURPOSE: GENERAL SUPPORT | $15,250 |
CLARKSON UNIVERSITY PURPOSE: GENERAL SUPPORT | $38,198 |