Finger Lakes Community College Student Corporation
- Assets
- $706.9k
- Revenue
- $385.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Canandaigua, NY
- Founding
- 05/2013
- Data as of
- 06/2023
- EIN
- 16-1574195
Organization Overview
Finger Lakes Community College Student Corporation is located in Canandaigua, NY. The organization was established in 2013. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Community College Student Corporation 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 06/2023, Finger Lakes Community College Student Corporation generated $385.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $463.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Finger Lakes Community College Student Corporation has awarded 25 individual grants totaling $1,720,805. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINGER LAKES COMMUNITY COLLEGE STUDENT CORPORATION PROVIDED PART-TIME AND FULL TIME STUDENTS ENROLLED AT FINGER LAKES COMMUNITY COLLEGE WITH THE RESOURCES NECESSARY TO ENGAGE IN VARIOUS EXTRACURRICULAR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Hoffman President (spring 23) | OfficerTrustee | 2 | $2,050 |
Sophie Parshall President (fall 22) | OfficerTrustee | 2 | $1,495 |
Emma Meyers Vice President (fall 22) | OfficerTrustee | 2 | $1,450 |
Kaysha-Lee Knight Secretary (fall 22) | OfficerTrustee | 2 | $900 |
Alexander Davis Member-At-Large (fall 22) | Trustee | 1 | $175 |
Morgan Collazo Director Of Marketing (fall 22) | Trustee | 1 | $1,700 |
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 | $5,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,692 |
| Total Program Service Revenue | $378,108 |
| Investment income | $1,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,883 |
| 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. | $22,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $22,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,555 |
| Office expenses | $12,416 |
| 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 | $30,083 |
| Interest | $96 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,920 |
| Insurance | $13,293 |
| All other expenses | $8,251 |
| Total functional expenses | $463,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,720 |
| Savings and temporary cash investments | $395,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,100 |
| 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 | $5,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,894 |
| Accounts payable and accrued expenses | $42,008 |
| 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 | $514 |
| Total liabilities | $42,522 |
| Net assets without donor restrictions | $166,079 |
| Net assets with donor restrictions | $498,293 |
| 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 | $706,894 |
Grants Awarded
Over the last fiscal year, Finger Lakes Community College Student Corporation has awarded $118,383 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FINGER LAKES COMMUNITY COLLEGE ASSOCIATION INC PURPOSE: SUPPORT OF ATHLETIC AND STUDENT EVENTS ORGANIZED BY THE ASSOCIATION | $12,000 |
FINGER LAKES COMMUNITY COLLEGE PURPOSE: SUPPORT FOR COLLEGE EQUIPMENT, SUPPORT FOR FUNDING OF ASSISTANT DIRECTOR OF STUDENT LIFE, SUPPORT FOR PART-TIME STUDENT LIFE PERSONNEL TO ASSIST WITH STUDENT PROGRAMS | $106,383 |