Cortland Community Foundation

Organization Overview

Cortland Community Foundation is located in Cortland, NY. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland Community 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 12/2023, Cortland Community Foundation generated $527.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $650.3k during the year ending 12/2023. While expenses have increased by 6.0% 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.

Since 2015, Cortland Community Foundation has awarded 205 individual grants totaling $3,710,823. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MAJOR PURPOSE IS TO PROVIDE GRANTS AND CONTRIBUTIONS FOR CIVIC, EDUCATIONAL AND CHARITABLE PROGRAMS, AND FOR COMMUNITY DEVELOPMENT AND LOW COST HOUSING INITIATIVES WITHIN THE LOCAL COMMUNITY OF CORTLAND, NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S MAJOR PURPOSE IS TO PROVIDE GRANTS AND CONTRIBUTIONS FOR CIVIC, EDUCATIONAL AND CHARITABLE PROGRAMS, AND FOR COMMUNITY DEVELOPMENT AND LOW COST HOUSING INITIATIVES WITHIN THE LOCAL COMMUNITY OF CORTLAND, NEW YORK.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Franco
Vice President
$0
Thomas E Gallagher
President
$0
John Reagan
Director
$0
John Whittleton
Director
$0
Katherine Compagni
Director
$0
Mark Masler
Director
$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$550,090
Noncash contributions included in lines 1a–1f $8,677
Total Revenue from Contributions, Gifts, Grants & Similar$550,090
Total Program Service Revenue$0
Investment income $31,777
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$54,289
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $527,578

Grants Awarded

Over the last fiscal year, Cortland Community Foundation has awarded $489,166 in support to 18 organizations.

Grant RecipientAmount

BEREAN BIBLE CHURCH

PURPOSE: General Gift

$6,500

CAPCO

PURPOSE: General Gift

$15,100

CENTER FOR THE ARTS

PURPOSE: General Gift

$12,259

CORTLAND COUNTY HISTORICAL SO

PURPOSE: General Gift

$31,503

CORTLAND FREE LIBRARY

PURPOSE: General Gift

$12,373

CORTLAND MEMORIAL FOUNDATION

PURPOSE: General Gift

$12,250
View Grant Profile

Peer Organizations

Organization NameAssets
Pittsburgh Foundation
Pittsburgh, PA
$80,275,888
Hartford Foundation For Public Giving
Hartford, CT
$84,111,242
Fund For The City Of New York Inc
New York, NY
$67,312,664
Federation Of Jewish Communities Of The C I S Inc
New York, NY
$61,739,464
Philadelphia Foundation
Philadelphia, PA
$72,684,648
Community Foundation For Greater New Haven
New Haven, CT
$102,254,142
Vermont Community Foundation
Middlebury, VT
$79,760,072
Community Foundation For Greater Buffalo Inc
Buffalo, NY
$54,971,299
Rochester Area Community Foundation
Rochester, NY
$59,557,190
Jewish Community Foundation Of Greater Metrowest Nj
Whippany, NJ
$283,775,542
Fairfield Countys Community Foundation Inc
Norwalk, CT
$46,758,216
Catholic Charities Of Buffalo
Buffalo, NY
$27,684,521
The Berkshire Taconic Community Foundation Inc
Sheffield, MA
$31,998,976
Central New York Community Foundation Inc
Syracuse, NY
$34,290,952
New World Foundation
New York, NY
$20,326,734
Erie Community Foundation
Erie, PA
$68,689,242
Essex County Community Foundation Incorporated
Danvers, MA
$22,676,023
Lancaster County Community Foundation
Lancaster, PA
$104,729,352
Community Foundations Of The Hudson Valley
Poughkeepsie, NY
$33,010,069
Princeton Area Community Foundation Inc
Princeton, NJ
$20,796,965
Community Foundation Of Greater Johnstown
Johnstown, PA
$30,548,742
Community Foundation Of Western Massachusetts
Springfield, MA
$50,890,910
Community Foundation Of Herkimer And Oneida Counties Inc
Utica, NY
$21,224,240
Greater Worcester Community Foundation Inc
Worcester, MA
$20,277,510
Connecticut Community Foundation Inc
Waterbury, CT
$14,938,642

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