Community Foundation Of Elmira Corning And The Finger Lakes
- Assets
- $76.0m
- Revenue
- $12.6m
- Investments
- $23.1m
- Employees
- 6
- Location
- Horseheads, NY
- Founding
- 11/1977
- Data as of
- 06/2024
- EIN
- 16-1100837
Organization Overview
Community Foundation Of Elmira Corning And The Finger Lakes is located in Horseheads, NY. The organization was established in 1977. 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 06/2024, Community Foundation Of Elmira Corning And The Finger Lakes employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Elmira Corning And The Finger Lakes 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 06/2024, Community Foundation Of Elmira Corning And The Finger Lakes generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $3.7m during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 6 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, Community Foundation Of Elmira Corning And The Finger Lakes has awarded 425 individual grants totaling $10,004,482. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP REALIZE THE POTENTIAL IN OUR COMMUNITY BY MATCHING THE GENEROSITY OF OUR DONORS WITH THE COMMUNITY'S GREATEST NEEDS. OUR GRANTS AND SCHOLARSHIPS SUPPORT THE PEOPLE OF CHEMUNG, SCHUYLER, STEUBEN AND YATES COUNTIES IN THE SOUTHERN TIER OF NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE NON PROFIT ORGANIZATIONS IN THE CHEMUNG-STEUBEN COUNTY AREA.
SCHOLARSHIPS AND GRANTS TO INDIVIDUALS
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 |
|---|---|---|---|
Michael Eisner Director | Trustee | 1 | $0 |
Jarvis Marlow-Mccowin Director | Trustee | 1 | $0 |
Kimberly Wilbert-Smith Director | Trustee | 1 | $0 |
Theodore Goldwyn Director | Trustee | 1 | $0 |
Odessa Petzold Director | Trustee | 1 | $0 |
John Paul Passmore Director | Trustee | 1 | $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 | $2,959,185 |
| Noncash contributions included in lines 1a–1f | $332,305 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,959,185 |
| Total Program Service Revenue | $17,444 |
| Investment income | $1,218,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,385,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,580,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,907,706 |
| Grants and other assistance to domestic individuals. | $706,106 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,252 |
| Compensation of current officers, directors, key employees. | $80,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,432 |
| Pension plan accruals and contributions | $29,493 |
| Other employee benefits | $20,509 |
| Payroll taxes | $39,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,183 |
| Fees for services: Accounting | $13,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,758 |
| Fees for services: Other | $1,595 |
| Advertising and promotion | $91,574 |
| Office expenses | $241,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,048 |
| Insurance | $11,222 |
| All other expenses | $6,189 |
| Total functional expenses | $3,740,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,861 |
| Savings and temporary cash investments | $3,969,325 |
| 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 | $965 |
| Net Land, buildings, and equipment | $466,667 |
| Investments—publicly traded securities | $48,401,089 |
| Investments—other securities | $23,118,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,274 |
| Total assets | $76,020,987 |
| Accounts payable and accrued expenses | $16,740 |
| Grants payable | $1,395,200 |
| 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 | $1,392,896 |
| Total liabilities | $2,804,836 |
| Net assets without donor restrictions | $28,781,892 |
| Net assets with donor restrictions | $44,434,259 |
| 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 | $76,020,987 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Elmira Corning And The Finger Lakes has awarded $1,633,138 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
GST BOCES PURPOSE: GENERAL OPPERATING SUPPORT | $5,030 |
DIOCESE OF ROCHESTER PURPOSE: CATHOLIC MINISTRIES APPEAL | $5,300 |
VILLAGE OF WATKINS GLEN PURPOSE: GENERAL OPPERATING SUPPORT | $5,750 |
CAREFIRST NY INC PURPOSE: GENERAL OPPERATING SUPPORT | $5,750 |
THE CANTATA SINGERS PURPOSE: GENERAL OPPERATING SUPPORT | $5,350 |
CORNELL COOPERATIVE EXTENSION OF CHEMUNG COUNTY PURPOSE: GENERAL OPPERATING SUPPORT | $5,125 |