The Cayuga County Community College Foundation Inc
- Assets
- $17.3m
- Revenue
- $731.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Auburn, NY
- Founding
- 12/1982
- Data as of
- 08/2022
- EIN
- 22-2413804
Organization Overview
The Cayuga County Community College Foundation Inc is located in Auburn, NY. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2022, Cayuga County Community College Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cayuga County 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 08/2022, Cayuga County Community College Foundation Inc generated $731.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $930.9k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE AND PROVIDE ASSISTANCE FOR EDUCATIONAL AND OTHER PROGRAMS OF CAYUGA COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAYUGA COUNTY COMMUNITY COLLEGE FOUNDATION, INC.'S PRIMARY FUNCTION IS TO PROVIDE FINANCIAL SUPPORT TO THE COLLEGE AND ITS STUDENTS. THE VAST MAJORITY OF AVAILABLE FUNDS GO TO STUDENT SCHOLARSHIPS. AWARDS ARE MADE BASED UPON ACADEMIC ACHIEVEMENT AND FINANICAL NEED. THE FOUNDATION BUILDS ITS ASSSETS THROUGH ANNUAL GIVING, MEMORIAL GIFTS, PLANNED GIVING, AND BEQUESTS. DURING FISCAL 2022, THE FOUNDATION AWARDED 192 STUDENT SCHOLARSHIPS AND AWARDS.
TO ENHANCE THE PROGRAMS OF THE COLLEGE, THE FOUNDATION DISTRIBUTED $317,247 TO SUPPORT COLLEGE-RELATED SPECIAL PROJECTS AS FACULTY AND STAFF PROFESSIONAL DEVELOPMENT GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Thomas Cosentino Executive Director | Officer | 40 | $94,813 |
John Latanyshyn President | OfficerTrustee | 2 | $0 |
Dr Dennis Golladay Vice President | OfficerTrustee | 2 | $0 |
Kevin Lamontagne Treasurer/finance Chair | OfficerTrustee | 2 | $0 |
Aliza Querns Secretary | OfficerTrustee | 1 | $0 |
Patricia Callahan Asst. Secretary | OfficerTrustee | 1 | $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 | $356,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,051 |
| Total Program Service Revenue | $0 |
| Investment income | $355,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,247 |
| Grants and other assistance to domestic individuals. | $287,891 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,798 |
| Compensation of current officers, directors, key employees. | $64,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,583 |
| Pension plan accruals and contributions | $4,134 |
| Other employee benefits | $0 |
| Payroll taxes | $10,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,323 |
| Fees for services: Accounting | $18,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,924 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,616 |
| All other expenses | $0 |
| Total functional expenses | $930,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,998 |
| Accounts receivable, net | $0 |
| 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 | $17,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,859,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,390 |
| Total assets | $17,336,766 |
| Accounts payable and accrued expenses | $229,985 |
| 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 | $0 |
| Total liabilities | $229,985 |
| Net assets without donor restrictions | $3,323,263 |
| Net assets with donor restrictions | $13,783,518 |
| 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 | $17,336,766 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Cayuga County Community College Foundation Inc has recieved totaling $68,271.
| Awarding Organization | Amount |
|---|---|
Stanley W Metcalf Foundation Auburn, NY PURPOSE: FOR CHARITABLE PURPOSES | $35,000 |
D E French Foundation Inc Auburn, NY PURPOSE: NURSING SCHOLARSHIPS FOR CAY COUNTY RESIDENCE | $25,000 |
Columbian Foundation Inc Auburn, NY PURPOSE: PROGRAM SUPPORT | $5,000 |
The@dr Joseph F Karpinski Sr Foundation Holliston, MA PURPOSE: CHARITY | $3,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Endowment Analysis
| Beg. Balance | $10,156,805 |
| Earnings | -$852,029 |
| Net Contributions | $227,502 |
| Other Expense | -$5,716 |
| Grants | $669,786 |
| Ending Balance | $8,868,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
University Of Vermont And State Agricultural College Foundation Burlington, VT | $307,895,720 | $102,950,116 |