Corning Community College Development Foundation Inc

Organization Overview

Corning Community College Development Foundation Inc is located in Corning, NY. The organization was established in 1983. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Corning Community College Development 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 12/2022, Corning Community College Development Foundation Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BENEFIT CORNING COMMUNITY COLLEGE

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO INITIATE AND OPERATE CLASS SPACE AND PROGRAMS FOR THE BENEFIT OF CORNING COMMUNITY COLLEGE. INCLUDES PERIODIC GRANTS DIRECTLY TO CORNING COMMUNITY COLLEGE AND TO STUDENTS.


STUDENT HOUSING FACILITY: A 272-BED STUDENT HOUSING FACILITY TO PROVIDE RENTAL HOUSING TO STUDENTS AND OTHER PERSONS ENGAGED IN ACADEMIC PROGRAMS AT CORNING COMMUNITY COLLEGE


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Board, Officers & Key Employees

Name (title)Compensation
Aaron Alsheimer
President
$0
Margaret Jones
Secretary
$0
Arthur Boehm
Treasurer
$0
Ronald Allison
Director
$0
Frederick Arcuri
Director
$0
Dr Edward Franklin Jr
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,402,046
All other contributions, gifts, grants, and similar amounts not included above$297,196
Noncash contributions included in lines 1a–1f $12,072
Total Revenue from Contributions, Gifts, Grants & Similar$6,699,242
Total Program Service Revenue$1,166,766
Investment income $205,999
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $450,137
Net Gain/Loss on Asset Sales $117,303
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,645,207

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