Community Foundation Of Otsego County Inc
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $1.5m
- Employees
- 0
- Location
- Springfield Center, NY
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 84-2243769
Organization Overview
Community Foundation Of Otsego County Inc is located in Springfield Center, NY. The organization was established in 2019. 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. Community Foundation Of Otsego County 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 12/2021, Community Foundation Of Otsego County Inc generated $1.6m in total revenue. All expenses for the organization totaled $166.3k during the year ending 12/2021. While expenses have increased by 67.7% per year over the past 3 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
WE LEAD AND INSPIRE COMMUNITY-WIDE EFFORTS THAT SIGNIFICANTLY IMPROVE THE QUALITY OF LIFE AND THE PROSPERITY OF THE OTSEGO COUNTY, NEW YORK AREA. CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER, WE LEVERAGE COLLECTIVE KNOWLEDGE, CREATIVITY AND RESOURCES FOR A GREATER IMPACT THAN ANY OF US CAN MAKE ALONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH
EDUCATION OF THE PUBLIC
COVID-19 RELATED SUPPORT TO ORGANIZATIONS
GENERAL PURPOSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Levine President | OfficerTrustee | 10 | $0 |
Gary Herzig Vice President | OfficerTrustee | 0 | $0 |
Robert Schlather Secretary | OfficerTrustee | 0 | $0 |
Scott White Treasurer | OfficerTrustee | 5 | $0 |
David Bliss Trustee | Trustee | 0 | $0 |
Lou Allstadt Trustee | Trustee | 0 | $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 | $1,600,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,600,233 |
| Total Program Service Revenue | $0 |
| Investment income | $5,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,597,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,960 |
| 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 | $823 |
| Fees for services: Legal | $1,758 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,112 |
| Office expenses | $6,643 |
| Information technology | $2,501 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $3,304 |
| Insurance | $1,257 |
| All other expenses | $0 |
| Total functional expenses | $166,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $888,916 |
| 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 | $10,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,536,555 |
| Investments—program-related | $0 |
| Intangible assets | $10,026 |
| Other assets | $0 |
| Total assets | $2,710,653 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $887,371 |
| Net assets with donor restrictions | $1,823,282 |
| 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 | $2,710,653 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Otsego County Inc has awarded $98,310 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: COVID-19 aid | $20,000 |
Cooperstown, NY PURPOSE: COVID-19 aid | $10,000 |
HELIOS PURPOSE: COVID-19 aid | $10,000 |
SAFE SCHOOL MOHAWK VALLEY PURPOSE: General Assistance | $10,000 |
FIRST BAPTIST CHURCH OF COOPERSTOWN PURPOSE: General Assistance | $9,800 |
Oneonta, NY PURPOSE: COVID-19 aid | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Otsego County Inc has recieved totaling $51,449.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,000 |
Nycm Foundation Edmeston, NY PURPOSE: DONATION | $10,000 |
Richland County Foundation Of Mansfield Mansfield, OH PURPOSE: FOUNDERS CAMPAIGN | $8,333 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: GENERAL SUPPORT | $7,116 |
Endowment Analysis
| Earnings | $2,622 |
| Admin Expense | $5,163 |
| Net Contributions | $549,969 |
| Ending Balance | $547,428 |
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 |