Community Foundations Of The Hudson Valley
- Assets
- $121.8m
- Revenue
- $33.0m
- Investments
- $2.3m
- Employees
- 15
- Location
- Poughkeepsie, NY
- Founding
- 08/1969
- Data as of
- 06/2024
- EIN
- 23-7026859
Organization Overview
Community Foundations Of The Hudson Valley, operating under the name See Schedule O, is located in Poughkeepsie, NY. The organization was established in 1969. 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 06/2024, See Schedule O employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2024, See Schedule O generated $33.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $21.5m during the year ending 06/2024. While expenses have increased by 20.1% per year over the past 9 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.
Since 2016, See Schedule O has awarded 1,313 individual grants totaling $103,837,265. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATIONS' MOST SIGNIFICANT ACTIVITIES FOR THE 2024 FISCAL YEAR WERE TO HOLD DONOR FUNDS, INVEST THEM PRUDENTLY, AND MAKE GRANT DISTRIBUTIONS TO NONPROFITS FOR CHARITABLE PURPOSES. OUR THREE MAIN PROGRAM AREAS ARE AS FOLLOWS: GRANTMAKING, DONOR RELATIONS, AND NONPROFIT TECHNICAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT-MAKING: GRANTS FROM CHARITABLE FUNDS TO MEET COMMUNITY NEEDS AND IN KEEPING WITH DONORS' INTENT. OVER $20 MILLION DOLLARS WAS GRANTED FOR HEALTH AND HUMAN SERVICES, ARTS AND CULTURE, COMMUNITY IMPROVEMENT, YOUTH DEVELOPMENT, EDUCATION AND SCHOLARSHIPS, ANIMAL WELFARE, AND FAITH-BASED ORGANIZATIONS' CHARITABLE ACTIVITIES.
DONOR RELATIONS: WORKING WITH DONORS TO CONNECT THEM TO THE CAUSES THEY CARE ABOUT MOST. INTRODUCING DONORS TO PROGRAMS AND AGENCIES THAT MATCH THEIR CHARITABLE INTERESTS. ACTIVITIES INCLUDE RESEARCH AND WORKSHOPS, HELPING DONORS ESTABLISH FUNDS AND LEGACY PLANS, AND ANSWERING QUESTIONS ABOUT CHARITABLE GIVING.
NONPROFIT TECHNICAL ASSISTANCE: OFFERING SEMINARS, BOARD, AND STAFF GUIDANCE ABOUT MANAGING NONPROFITS INCLUDING BOARD GOVERNANCE, DEI, FINANCIAL MANAGEMENT, COMPLIANCE, USING DATA TO IMPROVE PROGRAMS AND FUNDRAISING, ENDOWMENT, CREATING AND IMPLEMENTING PLANNED GIVING PROGRAMS, AND GRANT-WRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Simon Chair | OfficerTrustee | 4 | $0 |
Robert J Cotter First Vice Chair/vice Chair, Human Resources | OfficerTrustee | 4 | $0 |
Darrelyn Brennan Vice Chair, Investment | OfficerTrustee | 4 | $0 |
Eleanor Charwat Vice Chair, Development & Marketing | OfficerTrustee | 1 | $0 |
Melissa Manna-Williams ESQ Vice Chair , Grants | OfficerTrustee | 1 | $0 |
Rebecca Reynolds CPA Vice Chair, Audit/finance | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,126 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,863,625 |
| Noncash contributions included in lines 1a–1f | $1,724,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,025,751 |
| Total Program Service Revenue | $146,454 |
| Investment income | $2,543,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,310,196 |
| Net Income from Fundraising Events | -$16,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,010,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,006,605 |
| Grants and other assistance to domestic individuals. | $366,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $303,093 |
| Compensation of current officers, directors, key employees. | $242,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $623,905 |
| Pension plan accruals and contributions | $16,565 |
| Other employee benefits | $109,506 |
| Payroll taxes | $78,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,200 |
| Fees for services: Lobbying | $4,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $232,326 |
| Fees for services: Other | $236,406 |
| Advertising and promotion | $42,120 |
| Office expenses | $87,626 |
| Information technology | $79,141 |
| Royalties | $0 |
| Occupancy | $117,324 |
| Travel | $4,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,421 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,631 |
| Insurance | $13,115 |
| All other expenses | $124,623 |
| Total functional expenses | $21,522,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,249 |
| Savings and temporary cash investments | $15,015,639 |
| Pledges and grants receivable | $33,000 |
| Accounts receivable, net | $222,327 |
| 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 | $37,017 |
| Net Land, buildings, and equipment | $35,443 |
| Investments—publicly traded securities | $103,196,120 |
| Investments—other securities | $2,339,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $809,384 |
| Total assets | $121,751,054 |
| Accounts payable and accrued expenses | $54,448 |
| Grants payable | $399,664 |
| Deferred revenue | $69,957 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,423,099 |
| 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 | $1,963,922 |
| Total liabilities | $12,911,090 |
| Net assets without donor restrictions | $107,756,914 |
| Net assets with donor restrictions | $1,083,050 |
| 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 | $121,751,054 |
Grants Awarded
Over the last fiscal year, Community Foundations Of The Hudson Valley has awarded $18,073,745 in support to 215 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S RESEARCH FOUNDATION FISHER CENTER PURPOSE: VOLUNTARY HEALTH ASSOCIATIONS & MEDICAL DISCIPLINE | $13,000 |
AKINDALE REHABILITATION & LAND CONSERVATION FUND PURPOSE: ANIMAL-RELATED | $25,262 |
AMERICAN CANCER SOCIETY - HUDSON VALLEY REGION PURPOSE: MEDICAL RESEARCH | $11,694 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS & NATIONAL SECURITY | $7,700 |
AMERICAN CONSERVATIVE UNION FOUNDATION PURPOSE: PUBLIC & SOCIETAL BENEFIT | $11,412 |
AMERICAN JEWISH WORLD SERVICE INC PURPOSE: PHILANTHROPY, VOLUNTARISM & GRANTMAKING FOUNDATION | $18,000 |