Nccc Foundation Inc
- Assets
- $15.3m
- Revenue
- $1.7m
- Investments
- $12.5m
- Employees
- 0
- Location
- Sanborn, NY
- Founding
- 06/1992
- Data as of
- 08/2021
- EIN
- 16-1315885
Organization Overview
Nccc Foundation Inc is located in Sanborn, NY. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nccc 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 08/2021, Nccc Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.0m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NCCC FOUNDATION WAS ESTABLISHED IN 1987 AS A NON-PROFIT CORPORATION TO SOLICIT, ACCEPT, MANAGE, INVEST AND DISTRIBUTE CONTRIBUTIONS AND EARNINGS. THE FOUNDATION IS DEDICATED TO THE PURSUIT OF EXCELLENCE IN EDUCATION THROUGH THE ADVANCEMENT OF ACADEMIC, CULTURAL AND SOCIAL EXPERIENCES FOR THE STUDENTS, FACULTY AND COMMUNITY SERVED BY NIAGARA COUNTY COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO STUDENTS OF NIAGARA COUNTY COMMUNITY COLLEGE BASED UPON SPECIFIED CRITERIA FROM THE DONOR AND/OR OTHER ESTABLISHED RESTRICTIONS. THERE ARE CURRENTLY APPROXIMATELY 60 DIFFERENT SCHOLARSHIPS.
DONATIONS RECEIVED THAT WERE RESTRICTED BY THE DONORS FOR THE CULINARY INSTITUTE AND OTHER COLLEGE PROGRAMS AND ARE TRANSFERRED TO NIAGARA COUNTY COMMUNITY COLLEGE FOR THOSE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerald Wolfgang Chairperson | OfficerTrustee | 1 | $0 |
William Bevacqua Board Member At Large | OfficerTrustee | 1 | $0 |
David Dicamillo Board Member At Large | OfficerTrustee | 1 | $0 |
James Turner Secretary | OfficerTrustee | 1 | $0 |
David Bonnevie Vice Chairman | OfficerTrustee | 1 | $0 |
Jason Cafarella Board Of Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $479,476 |
| Investment income | $173,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,658 |
| Net Gain/Loss on Asset Sales | $916,707 |
| Net Income from Fundraising Events | -$5,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $187,584 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $210,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,184 |
| Fees for services: Other | $9,325 |
| Advertising and promotion | $0 |
| Office expenses | $5,035 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $1,487,504 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,971,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,542 |
| Savings and temporary cash investments | $714,647 |
| Pledges and grants receivable | $90,289 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,476,667 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,264,737 |
| Accounts payable and accrued expenses | $18,853 |
| Grants payable | $0 |
| Deferred revenue | $8,393 |
| 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 | $0 |
| Total liabilities | $27,246 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,237,491 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nccc Foundation Inc has recieved totaling $25,727.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: NCCC CENTER FOR VETERAN ENTREPRENEURIAL EXCELLENCE | $25,644 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Endowment Analysis
| Beg. Balance | $6,170,993 |
| Earnings | $1,500,128 |
| Net Contributions | $111,708 |
| Other Expense | $1,187,584 |
| Ending Balance | $6,595,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |