Cortland College Foundation Inc

Organization Overview

Cortland College Foundation Inc is located in Cortland, NY. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland 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, Cortland College Foundation Inc generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RECEIVE AND MANAGE DONATIONS ON BEHALF OF SUNY CORTLAND COLLEGE TO FUND EDUCATIONAL PROJECTS, SCHOLARSHIPS, AND AWARDS THAT MIGHT OTHERWISE NOT HAVE BEEN SUPPORTED.

Describe the Organization's Program Activity:

RECEIVE AND MANAGE DONATIONS ON BEHALF OF SUNY CORTLAND COLLEGE TO FUND EDUCATIONAL PROJECTS, SCHOLARSHIPS, AND AWARDS THAT MIGHT OTHERWISE NOT HAVE BEEN SUPPORTED.


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Board, Officers & Key Employees

Name (title)Compensation
Alexander Voitovich
Director
$0
Anthony Moon
Director
$0
Barry J Thornton II
Director
$0
Candy Altman
Secretary
$0
David Kronman
Director
$0
David Turybury
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $42,100
All other contributions, gifts, grants, and similar amounts not included above$3,154,668
Noncash contributions included in lines 1a–1f $145,096
Total Revenue from Contributions, Gifts, Grants & Similar$3,196,768
Total Program Service Revenue$0
Investment income $1,300,745
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,317,659
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,840,674

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