Hancock Community Education Foundation
- Assets
- $3.1m
- Revenue
- $725.0k
- Investments
- $0.0
- Employees
- 34
- Location
- Hancock, NY
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 16-1571509
Organization Overview
Hancock Community Education Foundation is located in Hancock, NY. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Hancock Community Education Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock Community Education 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, Hancock Community Education Foundation generated $725.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $433.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS COMPLETED A TEMPLATE FOR PROVIDING EDUCATIONAL INCENTIVES FOR STUDENTS IN THE HANCOCK, NY COMMUNITY TO INSTILL CONTINUED ACADEMIC EDUCATION FROM BIRTH TO COLLEGE GRADUATION. PROGRAMS OFFERED ARE: COLLEGE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL STUDENTS, VARIOUS AFTER SCHOOL PROGRAMS FOR GRADES K-4 AND 5-9, A CHILDREN'S CENTER, AND SUMMER ENRICHMENT PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Salvestrini Treasurer | Officer | 5 | $0 |
Dawn Joyce President | Officer | 5 | $0 |
Candace Tinagero Secretary | Officer | 5 | $0 |
Michael Macdonald Vice President | Officer | 5 | $0 |
Janice L Crosby Director | Trustee | 5 | $0 |
Julie Bergman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $442,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $588,021 |
| Total Program Service Revenue | $0 |
| Investment income | $97,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,561 |
| Net Income from Fundraising Events | $34,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,630 |
| 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 | $219,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,643 |
| Advertising and promotion | $804 |
| Office expenses | $6,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,370 |
| Travel | $699 |
| 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 | $15,325 |
| Insurance | $19,760 |
| All other expenses | $1,305 |
| Total functional expenses | $433,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,643 |
| 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 | $502,573 |
| Investments—publicly traded securities | $92,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,891,381 |
| Total assets | $3,106,142 |
| Accounts payable and accrued expenses | $7,571 |
| Grants payable | $56,500 |
| 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 | $64,071 |
| Net assets without donor restrictions | $1,202,278 |
| Net assets with donor restrictions | $1,839,793 |
| 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 | $3,106,142 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hancock Community Education Foundation has recieved totaling $45,370.
| Awarding Organization | Amount |
|---|---|
George And Margaret Mee Charitable Foundation Binghamton, NY PURPOSE: TO FUND THE COST OF STAINING THE SCIENCE CENTER PAVILION. TO FUND THE CHILDREN'S CENTER PROGRAM. | $24,500 |
Lantry Family Foundation Washington, DC PURPOSE: IN SUPPORT OF THE WEEKEND BACKPACK PROGRAM TO PROVIDE NUTRITION TO UNDERPRIVILEGED CHILDREN IN THE COMMUNITY. | $8,000 |
The Tianaderrah Foundation C/O Robert L Gipson New York, NY PURPOSE: GENERAL FUNDS | $7,000 |
Anna L Mabey Foundation Norwich, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |