Community Foundations Service Corporation
- Assets
- $560.2k
- Revenue
- $478.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheffield, MA
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 45-0500341
Organization Overview
Community Foundations Service Corporation, operating under the name Fiscal & Administrative Officers Group, is located in Sheffield, MA. The organization was established in 2004. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Fiscal & Administrative Officers Group 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, Fiscal & Administrative Officers Group generated $478.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $281.3k during the year ending 12/2021. While expenses have increased by 6.6% 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
TO SUPPORT FAOG MEMBERS BY PROVIDING TRAINING EDUCATION PROGRAMS SEMINARS AND OTHER LEARNING OPPORTUNITIES TO EMPLOYEES OR CONTRACTORS FOR COMMUNITY FOUNDATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & TRAINING: PROVIDE A WEBSITE RESOURCE FOR MEMBERS FOR EDUCATION UPDATES AND MATERIALS MEMBERSHIP SUPPORT EDUCATIONAL CONFERENCES SEMINARS AND CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Tait Vice-Chair | OfficerTrustee | 5 | $0 |
Alyssa Federico Chair | OfficerTrustee | 5 | $0 |
Joseph Baker Treasurer | OfficerTrustee | 5 | $0 |
Cathy Lippard Secretary | OfficerTrustee | 5 | $0 |
Jonathan Brelsford Director Investment Practices | Trustee | 5 | $0 |
Leigh Schafers Director Accounting Practices | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,400 |
| Total Program Service Revenue | $91,638 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $10,400 |
| 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 | $9,455 |
| Advertising and promotion | $0 |
| Office expenses | $319 |
| Information technology | $1,980 |
| 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 | $256,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $281,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,557 |
| Savings and temporary cash investments | $54,500 |
| 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 | $2,159 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,216 |
| Accounts payable and accrued expenses | $1,759 |
| 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 | $1,759 |
| Net assets without donor restrictions | $558,457 |
| 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 | $560,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundations Service Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: PUBLIC/SOCIETY BENEFIT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Access Network Newmarket, NH | $1,756,485 | $4,764,527 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Social Capital Fund Providence, RI | $4,168,322 | $544,096 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
Isabel L Makepeace 1985 Trust Ua 130-1174600 Bedford, NH | $5,795,922 | $594,698 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Soldier On Development & Management Company Inc Pittsfield, MA | $435,591 | $411,238 |
Community Foundations Service Corporation Sheffield, MA | $560,216 | $478,044 |