Adirondack Tr Company Community Fund
- Assets
- $7.1m
- Revenue
- $625.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-6394395
Organization Overview
Adirondack Tr Company Community Fund is located in Saratoga Springs, NY. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack Tr Company Community Fund 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, Adirondack Tr Company Community Fund generated $625.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $604.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Adirondack Tr Company Community Fund has awarded 80 individual grants totaling $1,794,328. 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
THE ADIRONDACK TRUST COMPANY COMMUNITY FUND OFFERS CHARITABLE GIVING PROGRAMS THAT ENCOURAGE INDIVIDUALS AND BUSINESSES IN SARATOGA COUNTY, WARREN COUNTY, WASHINGTON COUNTY AND THE SURROUNDING AREA TO MAKE CHARITABLE GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADIRONDACK TRUST COMPANY COMMUNITY FUND MANAGES CHARITABLE FUNDS CREATED BY PEOPLE WHO HAVE ENTRUSTED THE ORGANIZATION WITH THEIR FUNDS. THIRTY-ONE OF THESE FUNDS ARE DONOR ADVISED FUNDS, ESTABLISHED AND ADVISED BY INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bokan Advisory Mem | Trustee | 1 | $0 |
Michael Brodt Trustee | Trustee | 1 | $0 |
Philip Klein Advisory Mem | Trustee | 1 | $0 |
Colleen Carlson Advisory Mem | Trustee | 1 | $0 |
Caroline Putman Advisory Mem | Trustee | 3 | $0 |
Mary Hallquist Advisory Mem | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,780 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,726 |
| Total Program Service Revenue | $0 |
| Investment income | $160,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,208 |
| Net Income from Fundraising Events | $5,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $556,376 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,828 |
| Office expenses | $3,054 |
| 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 | $4,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215 |
| Insurance | $2,824 |
| All other expenses | $0 |
| Total functional expenses | $604,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,621,106 |
| 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 | $5,469,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,039 |
| Other assets | $0 |
| Total assets | $7,092,077 |
| Accounts payable and accrued expenses | $2,309 |
| 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 | $2,309 |
| Net assets without donor restrictions | $7,089,768 |
| 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 | $7,092,077 |
Grants Awarded
Over the last fiscal year, Adirondack Tr Company Community Fund has awarded $346,600 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Saratoga Springs, NY PURPOSE: CAPITAL IMPROVEMENTS | $100,000 |
Staten Island, NY PURPOSE: GENERAL OPERATIONS | $25,000 |
Washington, DC PURPOSE: PANDEMIC RELIEF | $20,000 |
Mamaroneck, NY PURPOSE: EDUCATIONAL | $20,000 |
Saratoga Springs, NY PURPOSE: VARIOUS PROGRAMS | $19,000 |
Ballston Spa, NY PURPOSE: GENERAL OPERATIONS | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adirondack Tr Company Community Fund has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Mabee Family Foundation Saratoga Springs, NY PURPOSE: HEALTH, EDUCATION AND HISTORICAL | $2,500 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: PUBLIC ASSISTANCE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
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 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |