Jamestown Community College Foundation Inc
- Assets
- $28.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 06/1983
- Data as of
- 08/2024
- EIN
- 16-1191893
Organization Overview
Jamestown Community College Foundation Inc is located in Jamestown, NY. The organization was established in 1983. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Jamestown Community 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 08/2024, Jamestown Community College Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.0m during the year ending 08/2024. While expenses have increased by 15.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT JAMESTOWN COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESOURCES TO JAMESTOWN COMMUNITY COLLEGE IN CARRYING OUT ITS EDUCATIONAL, SCIENTIFIC, AND CULTURAL PROGRAMS, INCLUDING SCHOLARSHIPS FOR STUDENTS, RESKILLING INITIATIVES AND CAPITAL EXPENDITURES.
EDUCATION RELATED PROGRAMS INCLUDING PROGRAM DISBURSEMENTS $54,684 AND STUDENT SCHOLARSHIPS AND GRANTS $28,684.
INDIRECT PROGRAM SUPPORT TO OLEAN BUSINESS DEVELOPMENT CORPORATION (A NOT-FOR PROFIT ORGANIZATION) TO IMPLEMENT RESKILLING INITIATIVES FOR COLLEGE STUDENTS.
PROGRAM SERVICE SUPPORT. INCLUDES $50,000 GRANT TO JAMESTOWN COMMUNITY COLLEGE FACULTY STUDENT ASSOCIATION FOR STUDENT ATHLETICS TRANSPORTATION, $24,400 FOR COLLEGE STADIUM DEVELOPMENT AND $12,472 FOR THE COLLEGE SPECIAL PURPOSE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Weatherlow President | OfficerTrustee | 2 | $0 |
Steven Swanson Vice President | OfficerTrustee | 1 | $0 |
Hadley Weinberg Treasurer | OfficerTrustee | 1 | $0 |
Kevin Saff Secretary | OfficerTrustee | 1 | $0 |
Todd Allen Director | Trustee | 1 | $0 |
Daniel Demarte 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 | $1,425,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,425,208 |
| Total Program Service Revenue | $7,914 |
| Investment income | $527,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $234,095 |
| Net Gain/Loss on Asset Sales | $1,028,426 |
| Net Income from Fundraising Events | $39,761 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,263,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,489,394 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,635 |
| Payroll taxes | $18,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,649 |
| Fees for services: Other | $12,360 |
| Advertising and promotion | $0 |
| Office expenses | $5,138 |
| Information technology | $7,474 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,505 |
| 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 | $0 |
| Insurance | $3,157 |
| All other expenses | $22,209 |
| Total functional expenses | $4,002,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $1,315,078 |
| Investments—publicly traded securities | $26,413,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,451 |
| Total assets | $28,149,357 |
| Accounts payable and accrued expenses | $94,343 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $730,000 |
| 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 | $21,941 |
| Total liabilities | $846,284 |
| Net assets without donor restrictions | $4,875,747 |
| Net assets with donor restrictions | $22,427,326 |
| 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 | $28,149,357 |
Grants Awarded
Over the last fiscal year, Jamestown Community College Foundation Inc has awarded $3,489,394 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JAMESTOWN COMMUNITY COLLEGE PURPOSE: STUDENT SCHOLARSHIPS $475,275; RESKILLING INITIATIVE $595,817 PROGRAM DISBURSEMENTS $1,595,035; SPECIAL USE INITIATIVE $70,600 | $2,736,727 |
JAMESTOWN CAMPUS OF THE JAMESTOWN COMMUNITY COLLEGE FACULTY-STUDENT ASSOCIA PURPOSE: TRANSPORTATION FOR STUDENT ATHLETICS | $50,000 |
OLEAN BUSINESS DEVELOPMENT CORPORATION PURPOSE: RESKILLING INITATIVE | $702,667 |