Community Foundation For South Central New York Inc
- Assets
- $43.8m
- Revenue
- $11.5m
- Investments
- $5.1m
- Employees
- 8
- Location
- Johnson City, NY
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 16-1512085
Organization Overview
Community Foundation For South Central New York Inc is located in Johnson City, NY. The organization was established in 1997. 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 12/2023, Community Foundation For South Central New York Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For South Central New York 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 12/2023, Community Foundation For South Central New York Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 8 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, Community Foundation For South Central New York Inc has awarded 630 individual grants totaling $14,334,449. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OFFERS CARING INDIVIDUALS AN EFFECTIVE WAY TO ENDOW THEIR COMMUNITY IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING. TO ESTABLISH & MAINTAIN CHARITABLE ENDOWED AND UNENDOWED FUNDS INCLUDING: DONOR ADVISED, FIELD OF INTEREST, DESIGNATED, PASS THROUGH, AGENCY, SCHOLARSHIP & UNRESTRICTED FOR CHARITABLE GRANTMAKING IN BROOME, CHENANGO, DELAWARE, OTSEGO & TIOGA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES CHARITABLE GRANTS AND SCHOLARSHIPS IN BROOME, CHENANGO, DELAWARE, OTSEGO AND TIOGA COUNTIES. SEE SCHEDULE I. IN 2023, THE FOUNDATION AWARDED 488 GRANTS AND 91 SCHOLARSHIPS.
THE FOUNDATION PROVIDES COMMUNITY EDUCATION AND INVOLVEMENT RELATING TO THE NEED FOR CHARITABLE GIVING AND PHILANTHROPY AND METHODS AVAILABLE TO FACILITATE CHARITABLE PARTICIPATION. DURING 2023, THE FOUNDATION'S EVENTS INCLUDED VIRTUAL AND IN-PERSON GRANTEE EDUCATION WORKSHOPS AND VARIOUS OTHER VIRTUAL EVENTS AS WELL AS A SUMMER DONOR EVENT.
THE FOUNDATION MANAGES THE CHARITABLE FUNDS THAT IT HOLDS. THE FOUNDATION MAINTAINS RELATIONS WITH CURRENT FUND HOLDERS AND ANSWERS QUESTIONS ABOUT FUND BALANCES, SPENDING POLICY AMOUNTS AND RETURNS ON FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Racketa Chair | OfficerTrustee | 1 | $0 |
Mark S Gorgos Vice-Chair | OfficerTrustee | 1 | $0 |
Paul F Wood Secretary | OfficerTrustee | 1 | $0 |
Tyrone Muse Treasurer | OfficerTrustee | 1 | $0 |
Susan A Burtis Board Member | Trustee | 1 | $0 |
Kerstin M Driscoll-Witt Board Member | 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 | $7,870,670 |
| Noncash contributions included in lines 1a–1f | $71,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,870,670 |
| Total Program Service Revenue | $0 |
| Investment income | $893,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,757,308 |
| Net Income from Fundraising Events | $11,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,533,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,892,849 |
| Grants and other assistance to domestic individuals. | $322,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,036 |
| Compensation of current officers, directors, key employees. | $127,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,056 |
| Pension plan accruals and contributions | $36,362 |
| Other employee benefits | $25,454 |
| Payroll taxes | $30,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,800 |
| Fees for services: Accounting | $17,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,522 |
| Fees for services: Other | $54,172 |
| Advertising and promotion | $9,544 |
| Office expenses | $3,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,257 |
| Travel | $21,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,661 |
| Insurance | $5,989 |
| All other expenses | $23,504 |
| Total functional expenses | $4,140,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,103 |
| Savings and temporary cash investments | $1,425,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $33,535 |
| Net Land, buildings, and equipment | $3,211 |
| Investments—publicly traded securities | $36,859,056 |
| Investments—other securities | $5,104,765 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,932 |
| Total assets | $43,763,336 |
| Accounts payable and accrued expenses | $90,323 |
| Grants payable | $1,325,442 |
| 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 | $193,072 |
| Total liabilities | $1,608,837 |
| Net assets without donor restrictions | $42,154,499 |
| 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 | $43,763,336 |
Grants Awarded
Over the last fiscal year, Community Foundation For South Central New York Inc has awarded $2,603,811 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ADDICTION CENTER OF BROOME COUNTY PURPOSE: PLAY THERAPY PROJECT | $20,000 |
ANIMAL CARE COUNCIL PURPOSE: ANIMAL CARE | $33,408 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: ISRAEL EMERGENCY SUPPORT | $10,000 |
BASSETT HEALTHCARE NETWORK PURPOSE: HEALTHCARE SCREENINGS FOR FARMERS | $19,985 |
BETH DAVID SYNAGOGUE PURPOSE: VARIOUS PROGRAMS | $67,116 |
BIG BROTHERS BIG SISTERS OF THE TWIN TIERS PURPOSE: WOMEN MENTORING WOMEN | $10,000 |