Community Foundation For The Twin Tiers
- Assets
- $12.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Sayre, PA
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 23-3096312
Organization Overview
Community Foundation For The Twin Tiers is located in Sayre, PA. The organization was established in 2002. 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 For The Twin Tiers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For The Twin Tiers 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 For The Twin Tiers generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $506.5k during the year ending 12/2021. While expenses have increased by 7.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NONPROFIT, PHILANTHROPIC COMMUNITY BASED CHARITABLE ORGANIZATION CREATED TO PROVIDE A LASTING SOURCE OF CHARITABLE FUNDING TO BENEFIT THE PEOPLE OF BRADFORD, POTTER, SULLIVAN, TIOGA COUNTIES IN PENNSYLVANIA AND TIOGA COUNTY NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT, PHILANTHROPIC COMMUNITY BASED CHARITABLE ORGANIZATION CREATED TO PROVIDE A LASTING SOURCE OF CHARITABLE FUNDING TO BENEFIT THE PEOPLE OF BRADFORD, POTTER, SULLIVAN, TIOGA COUNTIES IN PENNSYLVANIA AND TIOGA COUNTY NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Rynone Chair | Officer | $0 | |
Joy Glassmire Secretary | Officer | $0 | |
Tom Shoemaker Treasurer/vi | Officer | $0 | |
Yvette Francisco Director | Trustee | $0 | |
Patrick Barrett III Director | Trustee | $0 | |
Shane Nickerson Director | Trustee | $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 | $3,609,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,609,632 |
| Total Program Service Revenue | $0 |
| Investment income | $194,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,809,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $279,551 |
| 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 | $124,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,623 |
| Fees for services: Accounting | $20,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,110 |
| Advertising and promotion | $0 |
| Office expenses | $14,365 |
| Information technology | $24,736 |
| Royalties | $0 |
| Occupancy | $11,271 |
| Travel | $798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,604 |
| Insurance | $2,350 |
| All other expenses | $0 |
| Total functional expenses | $506,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,279 |
| Savings and temporary cash investments | $327,613 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $15,353 |
| Investments—publicly traded securities | $11,871,003 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,999 |
| Total assets | $12,229,247 |
| Accounts payable and accrued expenses | $13,203 |
| Grants payable | $32,100 |
| 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 | $45,303 |
| Net assets without donor restrictions | $847,505 |
| Net assets with donor restrictions | $11,336,439 |
| 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 | $12,229,247 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Foundation For The Twin Tiers has recieved totaling $53,667.
| Awarding Organization | Amount |
|---|---|
Rekindle The Spirit Canton, PA | | $50,000 |
Kenneth And Caroline Taylor Family Foundation Wyalusing, PA PURPOSE: ANNUAL SCHOLARSHIP OPERATING COSTS | $1,000 |
Tsb Foundation Inc Spencer, NY PURPOSE: UNRESTRICTED DONATION | $1,000 |
Ballard Angels Inc Mountain Top, PA PURPOSE: PHILANTROPIC GIFTINGTO THE COMMUNITY | $1,000 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $167 |
Endowment Analysis
| Beg. Balance | $7,994,665 |
| Earnings | $1,019,032 |
| Admin Expense | $159,833 |
| Net Contributions | $3,609,632 |
| Grants | $279,551 |
| Ending Balance | $12,183,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Delaware Community Foundation Wilmington, DE | $375,445,649 | $92,895,086 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |