Chautauqua Region Community Foundation Inc
- Assets
- $142.2m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Jamestown, NY
- Founding
- 03/1979
- Data as of
- 12/2021
- EIN
- 16-1116837
Organization Overview
Chautauqua Region Community Foundation Inc is located in Jamestown, NY. The organization was established in 1979. 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 12/2021, Chautauqua Region Community Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chautauqua Region 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 12/2021, Chautauqua Region Community Foundation Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 2.8% 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 2016, Chautauqua Region Community Foundation Inc has awarded 180 individual grants totaling $14,543,877. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A NONPROFIT, COMMUNITY CORPORATION CREATED BY AND FOR THE PEOPLE OF CHAUTAUQUA COUNTY. WE ARE HERE TO HELP OUR DONORS MAKE A POSITIVE IMPACT ON THEIR COMMUNITY BY ESTABLISHING A "BRIDGE" BETWEEN THE DONOR AND CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED TO LOCAL CULTURAL, EDUCATIONAL, CHARITABLE, AND CIVIC ORGANIZATIONS AND TO LOCAL SCHOLARSHIP RECIPIENTS.
EXPENSES INCURRED TO FUND COMMUNITY ECONOMIC DEVELOPMENT PROJECTS AND ADMINISTER THE FOUNDATION'S FUNDS. AMOUNT INCLUDED INVESTMENT MANAGEMENT FEES OF 145,268.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tory L Irgang Executive Di | Officer | 40 | $129,280 |
Jacob S Schrantz Fiscal Offic | Officer | 40 | $85,821 |
Rex Mccray President | OfficerTrustee | 3 | $0 |
Lorraine B Diggs Secretary | OfficerTrustee | 3 | $0 |
Peter M Stark Past Preside | OfficerTrustee | 3 | $0 |
Laura A Otander Vice Preside | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,460,733 |
| Noncash contributions included in lines 1a–1f | $295,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,637,573 |
| Total Program Service Revenue | $0 |
| Investment income | $2,396,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,152,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,207,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,691,432 |
| Grants and other assistance to domestic individuals. | $1,283,877 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,490 |
| Compensation of current officers, directors, key employees. | $97,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,990 |
| Pension plan accruals and contributions | $26,364 |
| Other employee benefits | $77,037 |
| Payroll taxes | $37,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,268 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,734 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,196,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,484,980 |
| Pledges and grants receivable | $235,352 |
| 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 | $36,036 |
| Net Land, buildings, and equipment | $332,473 |
| Investments—publicly traded securities | $138,064,746 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,153,687 |
| Accounts payable and accrued expenses | $34,182 |
| Grants payable | $1,384,148 |
| 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 | $14,840,919 |
| Total liabilities | $16,259,249 |
| Net assets without donor restrictions | $125,894,438 |
| Net assets with donor restrictions | $0 |
| 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 | $142,153,687 |
Grants Awarded
Over the last fiscal year, Chautauqua Region Community Foundation Inc has awarded $2,676,432 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
MISC SMALL GRANTS | | | $258,739 |
Jamestown, NY PURPOSE: OPERATING SUPPORT | $219,691 |
Jamestown, NY PURPOSE: CONSOLIDATED SUPPORT | $160,000 |
Jamestown, NY PURPOSE: OPERATING SUPPORT | $133,014 |
Jamestown, NY PURPOSE: PROGRAMMING SUPPORT | $127,363 |
Jamestown, NY PURPOSE: OPERATING SUPPORT | $121,839 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Chautauqua Region Community Foundation Inc has recieved totaling $834,265.
| Awarding Organization | Amount |
|---|---|
Reginald A And Elizabeth S Lenna Foundation Inc Lakewood, NY PURPOSE: BELLINGER HALL PROJECT, STEPHANIE FRUCELLA FUND, JHS PROMISE FUND | $502,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO CONTINUE SUPPORT OF A COLLABORATIVE APPROACH TO NONPROFIT CAPACITY BUILDING IN CHAUTAUQUA COUNTY | $108,000 |
Gebbie Foundation Inc Jamestown, NY PURPOSE: COMMUNITY SERVICE GRANTS; NEY STINEMAN SCHOLARSHIP | $91,000 |
Gebbie Foundation Inc Jamestown, NY PURPOSE: COMMUNITY SERVICE GRANTS AND NEY/STINEMAN SCHOLARSHIP FUND/BROADBAND FEASIBILITY | $36,000 |
Holmberg Foundation Inc Jamestown, NY PURPOSE: CHARITABLE | $30,000 |
Northern Chautauqua Community Foundation Inc Dunkirk, NY PURPOSE: COMMNUITY BENEFIT | $28,750 |
Endowment Analysis
| Beg. Balance | $119,087,155 |
| Earnings | $21,903,044 |
| Admin Expense | $13,486 |
| Net Contributions | $1,699,218 |
| Other Expense | $841,389 |
| Grants | $3,828,717 |
| Ending Balance | $138,005,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |