Community Foundation Of Tompkins County Inc
- Assets
- $27.8m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Ithaca, NY
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 16-1587553
Organization Overview
Community Foundation Of Tompkins County Inc is located in Ithaca, NY. The organization was established in 2000. 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 12/2021, Community Foundation Of Tompkins County Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Tompkins County 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 12/2021, Community Foundation Of Tompkins County Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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 2018, Community Foundation Of Tompkins County Inc has awarded 298 individual grants totaling $7,037,731. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN TOMPKINS COUNTY BY INSPIRING AND SUPPORTING ENDURING PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS AND CONTRIBUTIONS TO CHARITIES LOCATED IN THE GREATER ITHACA, NEW YORK AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George P Ferrari Jr Executive Director | Officer | 40 | $115,290 |
Keith Mccafferty Chair | OfficerTrustee | 2 | $0 |
Theoria Cason Vice Chair | OfficerTrustee | 2 | $0 |
Jessica Custer-Bindel Secretary | OfficerTrustee | 2 | $0 |
Mary Macausland Treasurer | OfficerTrustee | 2 | $0 |
Ann Martin Trustee | Trustee | 2 | $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 | $2,836,790 |
| Noncash contributions included in lines 1a–1f | $825,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,836,790 |
| Total Program Service Revenue | $74,412 |
| Investment income | $713,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,127,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,751,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,311,510 |
| 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. | $133,283 |
| Compensation of current officers, directors, key employees. | $113,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,831 |
| Pension plan accruals and contributions | $8,873 |
| Other employee benefits | $11,322 |
| Payroll taxes | $32,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,483 |
| Fees for services: Other | $51,435 |
| Advertising and promotion | $62 |
| Office expenses | $58,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,181 |
| Travel | $6,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255 |
| Insurance | $4,078 |
| All other expenses | $0 |
| Total functional expenses | $3,144,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,857,635 |
| Pledges and grants receivable | $47,477 |
| Accounts receivable, net | $83,496 |
| 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 | $5,849 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,572,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,516 |
| Total assets | $27,845,554 |
| Accounts payable and accrued expenses | $85,051 |
| 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 | $1,096,053 |
| Total liabilities | $1,181,104 |
| Net assets without donor restrictions | $14,670,946 |
| Net assets with donor restrictions | $11,993,504 |
| 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 | $27,845,554 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Tompkins County Inc has awarded $2,063,446 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: GENERAL SUPPORT | $177,924 |
Ithaca, NY PURPOSE: GENERAL SUPPORT | $93,331 |
Ithaca, NY PURPOSE: GENERAL SUPPORT | $83,980 |
Ithaca, NY PURPOSE: GENERAL SUPPORT | $73,500 |
Ithaca, NY PURPOSE: GENERAL SUPPORT | $70,847 |
FIRST UNITARIAN SOCIETY OF ITHACA PURPOSE: GENERAL SUPPORT | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Community Foundation Of Tompkins County Inc has recieved totaling $511,840.
| Awarding Organization | Amount |
|---|---|
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $410,000 |
Park Foundation Inc Ithaca, NY PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Park Foundation Inc Ithaca, NY PURPOSE: PARTNERSHIP TO SUPPORT LOCAL GRANTEES | $30,000 |
Park Foundation Inc Ithaca, NY PURPOSE: PARTNERSHIP TO SUPPORT LOCAL GRANTEES | $30,000 |
Tompkins Charitable Gift Fund Inc Ithaca, NY PURPOSE: FURTHERANCE OF TAX EXEMPT PURPOSE | $6,300 |
Robin Lee Whittlesey Foundation Prescott, AZ PURPOSE: TO DISTRIBUTE FUNDS DUE TO LIQUIDATION. | $3,500 |
Endowment Analysis
| Beg. Balance | $15,849,817 |
| Earnings | $1,775,409 |
| Admin Expense | -$125,363 |
| Net Contributions | $731,881 |
| Other Expense | $241,387 |
| Grants | $617,900 |
| Ending Balance | $17,623,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |