The Genesee Community College Foundation Inc

Organization Overview

The Genesee Community College Foundation Inc is located in Batavia, NY. The organization was established in 1986. 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 08/2023, Genesee Community College Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesee 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 08/2023, Genesee Community College Foundation Inc generated $393.3k 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 (3.8%) each year. All expenses for the organization totaled $582.7k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Genesee Community College Foundation Inc has awarded 14 individual grants totaling $5,714,258. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND MAINTAIN FUNDS TO EXCLUSIVELY AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSE, AND PROGRAMS OF GENESEE COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS THAT RECOGNIZE ACADEMIC EXCELLENCE, PROMOTE COLLEGE ACCESSIBILITY FOR STUDENTS FACING FINANCIAL NEED AND HARDSHIP, AND PROMOTE STUDY IN FIELDS CRITICAL TO LOCAL COMMUNITIES. 374 SCHOLARSHIP AWARDS WERE MADE.


OTHER PROGRAM SUPPORT


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Board, Officers & Key Employees

Name (title)Compensation
Virginia M Taylor
President
$0
Scott A Gardner
First Vice President
$0
James M Sunser
Second Vice President
$0
Thomas R Turnbull
Secretary
$0
Brian M Daviau
Treasurer
$0
Todd J Bender
Director
$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$161,490
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$161,490
Total Program Service Revenue$0
Investment income $172,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$69
Net Income from Fundraising Events $52,371
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $393,275

Grants Awarded

Over the last fiscal year, The Genesee Community College Foundation Inc has awarded $331,148 in support to 2 organizations.

Grant RecipientAmount

GENESEE COMMUNITY COLLEGE

PURPOSE: GRANTS FOR STUDENT SCHOLARSHIPS & AWARDS

$178,740

GENESEE COMMUNITY COLLEGE

PURPOSE: PROGRAM SUPPORT

$152,408
View Grant Profile

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