Corry Community Foundation
- Assets
- $18.8m
- Revenue
- $1.9m
- Investments
- $9.1m
- Employees
- 0
- Location
- Erie, PA
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 25-1850006
Organization Overview
Corry Community Foundation is located in Erie, PA. The organization was established in 2000. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corry Community Foundation 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, Corry Community Foundation generated $1.9m 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 $900.1k during the year ending 12/2021. While expenses have increased by 8.3% 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.
Since 2014, Corry Community Foundation has awarded 112 individual grants totaling $3,383,368. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARITY COMMUNITY FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORRY COMMUNITY FOUNDATION, THROUGH DONATIONS FROM THE GENERAL PUBLIC, MADE GRANTS TO ORGANIZATIONS IN CORRY, PA FOR EDUCATION, ARTS, HEALTH SERVICES, HUMAN SERVICES, CIVIC SERVICES AND ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chip Colwell Vice Chairman | OfficerTrustee | 1 | $0 |
Jill Gibson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mike Batchelor President (1/1/21 - 6/30/21) | OfficerTrustee | 1 | $0 |
Bill Nichols Chairman | OfficerTrustee | 1 | $0 |
Susannah Weis Frigon President (7/1/21 - 9/30/21) | OfficerTrustee | 1 | $0 |
Karen Bilowith President | OfficerTrustee | 1 | $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 | $704,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,858 |
| Total Program Service Revenue | $0 |
| Investment income | $324,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $884,904 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $503,715 |
| Grants and other assistance to domestic individuals. | $66,080 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $142,041 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,847 |
| Fees for services: Other | $264 |
| Advertising and promotion | $2,600 |
| Office expenses | $7,143 |
| Information technology | $2,391 |
| 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 | $7,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $151 |
| Total functional expenses | $900,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,578 |
| 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 | $0 |
| Investments—publicly traded securities | $9,127,179 |
| Investments—other securities | $9,128,789 |
| Investments—program-related | $307,735 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,826,281 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $29,760 |
| 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 | $29,760 |
| Net assets without donor restrictions | $18,796,521 |
| Net assets with donor restrictions | $0 |
| 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 | $18,826,281 |
Grants Awarded
Over the last fiscal year, Corry Community Foundation has awarded $455,440 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Corry, PA PURPOSE: VARIOUS PROJECTS | $145,978 |
Corry, PA PURPOSE: VARIOUS PROJECTS | $105,467 |
Corry, PA PURPOSE: VARIOUS PROJECTS | $53,386 |
Spring Creek, PA PURPOSE: VARIOUS PROJECTS | $25,000 |
Corry, PA PURPOSE: VARIOUS PROJECTS | $23,726 |
Corry, PA PURPOSE: VARIOUS PROJECTS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corry Community Foundation has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
James And Amy Bennett Foundation Stamford, CT PURPOSE: ATHLETIC SCHOLARSHIP | $125,000 |
Endowment Analysis
| Beg. Balance | $15,830,918 |
| Earnings | $2,937,459 |
| Admin Expense | $126,845 |
| Net Contributions | $440,479 |
| Other Expense | $168,014 |
| Grants | $498,841 |
| Ending Balance | $18,415,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Spiritrust Lutheran Life Chambersburg, PA | $3,486,716 | $9,493,796 |
Ridc Southwestern Pennsylvania Growth Fund Pittsburgh, PA | $94,671,467 | $5,640,315 |
Project Management Institute Educational Foundation Newtown Square, PA | $4,756,055 | $4,802,761 |
People For People Community Development Corporation Philadelphia, PA | $6,238,407 | $1,301,156 |
Civic Concourse Village Corporation New York, NY | $28,206,759 | $2,332,033 |
Ridc Mill 19a Pittsburgh, PA | $29,613,197 | $2,172,080 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |
Circulo Real Property Holding Corporation Garden City, NY | $14,540,047 | $1,206,514 |
Downtown Committee Of Syracuse Inc Syracuse, NY | $1,105,419 | $1,527,939 |