Hillside Foundation
- Assets
- $27.7m
- Revenue
- $3.2m
- Investments
- $1.2m
- Employees
- 9
- Location
- Rochester, NY
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 16-1493404
Organization Overview
Hillside Foundation is located in Rochester, NY. The organization was established in 1996. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2022, Hillside Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillside Foundation 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, Hillside Foundation generated $3.2m 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 (14.7%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hillside Foundation has awarded 40 individual grants totaling $49,581,652. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ITS TAX EXEMPT AFFILIATE - HILLSIDE CHILDREN'S CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING, MANAGING ASSETS, AND GRANTING FUNDS IN THE BEST INTERESTS OF ITS TAX EXEMPT AFFILIATE; HILLSIDE CHILDREN'S CENTER. THROUGH THESE GRANTS, HILLSIDE FOUNDATION HELPED ITS AFFILIATE IN SERVING 8,963 FAMILIES DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Komanecky Chair And Treasurer | OfficerTrustee | 0.5 | $0 |
Richard J Gangemi MD Vice Chair | OfficerTrustee | 0.5 | $0 |
Maria Cristalli President And CEO / Secretary | OfficerTrustee | 5 | $0 |
Christopher Peterson Chief Financial Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $315,000 |
| Membership dues | $0 |
| Fundraising events | $68,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,097,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,480,796 |
| Total Program Service Revenue | $0 |
| Investment income | $661,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,147 |
| Net Income from Fundraising Events | -$5,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,225,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,152,787 |
| 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 | $533,694 |
| Pension plan accruals and contributions | $8,840 |
| Other employee benefits | $51,054 |
| Payroll taxes | $42,419 |
| Fees for services: Management | $110,072 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $150,225 |
| Fees for services: Investment Management | $77,046 |
| Fees for services: Other | $28,914 |
| Advertising and promotion | $63,908 |
| Office expenses | $12,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,975 |
| Travel | $383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,360,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,752 |
| 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 | $1,216,019 |
| Investments—publicly traded securities | $22,981,031 |
| Investments—other securities | $1,243,586 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,253,402 |
| Total assets | $27,746,990 |
| Accounts payable and accrued expenses | $727,026 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $727,026 |
| Net assets without donor restrictions | $15,309,752 |
| Net assets with donor restrictions | $11,710,212 |
| 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 | $27,746,990 |
Grants Awarded
Over the last fiscal year, Hillside Foundation has awarded $5,610,789 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $1,769,263 |
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $1,769,263 |
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $1,769,263 |
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $101,000 |
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $101,000 |
Rochester, NY PURPOSE: FINANCIAL SUPPORT | $101,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hillside Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Jim And Juli Boeheim Foundation Inc Fayetteville, NY PURPOSE: Support of Hillside Work-Scholarship Connection which is a proven, nationally recognized dropout prevention program designed to significantly improve graduation rates. An evidence-informed service model that supports students in grades 7-12 and up to two years post-graduation, this year-round program provides an opportunity for long-term, consistent investment in youth. | $10,000 |
Endowment Analysis
| Beg. Balance | $7,036,948 |
| Earnings | -$996,728 |
| Net Contributions | $4,850 |
| Other Expense | $208,097 |
| Ending Balance | $5,836,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |