Onondaga Community College Foundation Inc
- Assets
- $22.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 10/1985
- Data as of
- 08/2021
- EIN
- 22-2318303
Organization Overview
Onondaga Community College Foundation Inc is located in Syracuse, NY. The organization was established in 1985. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Onondaga Community College Foundation 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 08/2021, Onondaga Community College Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, ADMINISTER & INVEST FUNDS FOR THE BENEFIT OF ONONDAGA COMMUNITY COLLEGE AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING ONONDAGA COMMUNITY COLLEGE IS THE LARGEST PROGRAM SERVICE. APPROXIMATELY 559 SCHOLARSHIPS AND ACADEMIC SUPPORT WERE AWARDED FOR THE 2020-21 FISCAL YEAR. THESE AWARDS ARE DISTRIBUTED IN VARYING AMOUNTS BASED ON STUDENT NEED, MERIT AND/OR THE STUDENT'S FIELD OF STUDY. ACADEMIC SUPPORT IS THE NEXT LARGEST PROGRAM. THIS SUPPORTS STUDENTS WITH VARIOUS FUNDING NEEDS INCLUDING TUITION SUPPORT, WORKFORCE PROGRAM AWARDS, PHI THETA KAPPA HONOR SOCIETY DUES & REGALIA, AND ACADEMIC RESEARCH PRESENTATIONS BY STUDENTS. STUDENT SUPPORT OTHER IS THE THIRD LARGEST PROGRAM. THIS PROGRAMMING SUPPORTS THE COMMUNITY CARE HUB WHICH SERVICES STUDENT EMERGENCY NEEDS, CAREER SERVICES PROGRAMMING FOR STUDENTS, AND A NUMBER OF IMPORTANT INITIATIVES THAT SUPPORT THE MISSION OF OCC. ONONDAGA COMMUNITY COLLEGE FOUNDATION IS INVESTING IN THE STUDENT, AND PARTNERING WITH EACH STUDENT TO MOVE THEIR SUCCESS FORWARD SO THAT STUDENTS HAVE THE POWER TO CHANGE THEIR LIVES & THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hebert Chair | OfficerTrustee | 0.5 | $0 |
Alicia Calagiovanni Vice Chair | OfficerTrustee | 0.5 | $0 |
Alexander Henn Treasurer | OfficerTrustee | 0.5 | $0 |
Nancy Bottar Secretary | OfficerTrustee | 0.5 | $0 |
Sandra Baker Immediate Past Chair | Trustee | 0.5 | $0 |
Casey Crabill College President | Trustee | 8 | $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 | $599,832 |
| Noncash contributions included in lines 1a–1f | $11,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,832 |
| Total Program Service Revenue | $0 |
| Investment income | $632,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,364,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $445,096 |
| Grants and other assistance to domestic individuals. | $396,035 |
| 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 | $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 | $12,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,692 |
| Fees for services: Other | $2,730 |
| Advertising and promotion | $18,753 |
| Office expenses | $0 |
| 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 | $20,969 |
| Interest | $0 |
| Payments to affiliates | $200,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,242,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $407,100 |
| Accounts receivable, net | $13,094 |
| 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 | $711,700 |
| Investments—publicly traded securities | $20,187,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,633 |
| Total assets | $22,223,458 |
| Accounts payable and accrued expenses | $975 |
| Grants payable | $23,960 |
| 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 | $24,935 |
| Net assets without donor restrictions | $4,532,158 |
| Net assets with donor restrictions | $17,666,365 |
| 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 | $22,223,458 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Onondaga Community College Foundation Inc has recieved totaling $81,058.
| Awarding Organization | Amount |
|---|---|
Slutzker Family Foundation Fayetteville, NY PURPOSE: TO RAISE, ADMINISTER & INVEST FUNDS FOR THE BENEFIT OF ONONDAGA COMMUNITY COLLEGE AND ITS STUDENTS TO SUPPORT THE SCHOOL'S PROGRAMS AND SERVICES.. | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,070 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 05/14/21 | $500 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $397 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Endowment Analysis
| Beg. Balance | $11,333,164 |
| Earnings | $1,212,789 |
| Net Contributions | $573,938 |
| Grants | $1,108 |
| Ending Balance | $13,118,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |
Dutchess Community College Association Inc Poughkeepsie, NY | $29,032,305 | $3,364,848 |
Norwalk Community College Foundation Norwalk, CT | $32,505,867 | $5,211,834 |
Faculty Student Association Of Nassau Community College Inc Garden City, NY | $3,142,669 | $4,037,426 |
Faculty Student Association Of The Tompkins Cortland Community Colleg Dryden, NY | $1,383,338 | $2,861,697 |
Faculty Student Association Of Jefferson Community College Inc Watertown, NY | $19,958,868 | $2,449,914 |