Jefferson Community College Foundation Inc
- Assets
- $8.5m
- Revenue
- $962.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, NY
- Founding
- 01/1969
- Data as of
- 08/2022
- EIN
- 23-7009906
Organization Overview
Jefferson Community College Foundation Inc is located in Watertown, NY. The organization was established in 1969. 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. Jefferson 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, Jefferson Community College Foundation Inc generated $962.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $494.5k during the year ending 08/2022. While expenses have increased by 0.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE JEFFERSON COMMUNITY COLLEGE FOUNDATION IS TO WORK IN PARTNERSHIP WITH THE COLLEGE, THE COMMUNITY AND ALUMNI TO ENHANCE THE EDUCATIONAL OPPORTUNITIES PROVIDED BY THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO JEFFERSON COMMUNITY COLLEGE STUDENTS WHO ARE TRADITIONAL STUDENTS FOLLOWING THEIR SECONDARY EDUCATION, OR NON-TRADITIONAL STUDENTS WHO HAVE RETURNED TO JEFFERSON AFTER A PERIOD OF TIME AWAY TO PURSUE THEIR COLLEGE DEGREES. SCHOLARSHIP AWARDS ARE BASED ON ECONOMIC NEED AND ACADEMIC PROMISE. ALMOST 45% OF OUR STUDENT BODY RELIES UPON THE AWARD OF THIS SCHOLARSHIP PROGRAM TO MAKE THEIR DREAMS OF HIGHER EDUCATION A REALITY.
THE ALUMNI ASSOCIATION STRIVES TO BUILD THE UNIQUE RELATIONSHIP OUR ALUMNI HAVE WITH JCC. ALUMNI SUPPORT OVER THE YEARS PROVIDES COUNTLESS STUDENTS WITH OPPORTUNITIES TO REALIZE THEIR DREAMS OF A BETTER LIFE THROUGH EDUCATION. DONATIONS TO THE JCC ALUMNI ASSOCIATION SUPPORT INITIATIVES ON CAMPUS AND STUDENT SCHOLARSHIPS AT JEFFERSON. IT IS THE MISSION OF THE ALUMNI ASSOCIATION AND ALUMNI DEVELOPMENT STAFF TO BUILD STRONG RELATIONSHIPS WITH OUR ALUMNI, OUR FACULTY AND STAFF, THE COMMUNITY AND THE COLLEGE TO SUPPORT CURRENT JCC STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Capone President | OfficerTrustee | 1 | $0 |
Peter Walton Immediate Past President | OfficerTrustee | 1 | $0 |
Aaron Naklick Vice President | OfficerTrustee | 1 | $0 |
Lisa L'huillier Ruggiero Secretary | OfficerTrustee | 1 | $0 |
Ryan Piche Treasurer | OfficerTrustee | 1 | $0 |
Ben Foster Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $150,089 |
| Related organizations | $0 |
| Government grants | $77,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,836 |
| Total Program Service Revenue | $0 |
| Investment income | $209,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $280,042 |
| Net Income from Fundraising Events | -$8,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $236,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,185 |
| Compensation of current officers, directors, key employees. | $53,593 |
| 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 | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,257 |
| Fees for services: Other | $22,410 |
| Advertising and promotion | $0 |
| Office expenses | $3,169 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,500 |
| All other expenses | $0 |
| Total functional expenses | $494,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,398 |
| Savings and temporary cash investments | $559,508 |
| Pledges and grants receivable | $57,516 |
| Accounts receivable, net | $4,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $314,459 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,322,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,622 |
| Total assets | $8,461,707 |
| Accounts payable and accrued expenses | $2,282 |
| 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 | $2,282 |
| Net assets without donor restrictions | $1,330,410 |
| Net assets with donor restrictions | $7,129,015 |
| 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 | $8,461,707 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Jefferson Community College Foundation Inc has recieved totaling $22,888.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: GENERAL SUPPORT | $18,750 |
Delaney Bay Fund Inc Watertown, NY PURPOSE: JCC 2022 ANNUAL FUND DRIVE | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $60 |
Endowment Analysis
| Beg. Balance | $8,381,179 |
| Earnings | -$933,343 |
| Net Contributions | $161,317 |
| Other Expense | $27,184 |
| Grants | $92,301 |
| Ending Balance | $7,489,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |