Totals
- Total revenue
- $527,578
- Total expenses
- $650,308
- Contributions and grants received
- $550,090
- Grants paid
- $606,446
- Program service revenue
- $0
- Investment income
- -$22,512
- Other revenue
- $0
- Total assets, end of year
- $1,495,481
- Total liabilities, end of year
- $275
- Net assets or fund balances, end of year
- $1,495,206
- Program services expenses (Part IX)
- $606,446
- Management and general expenses
- $43,862
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $606,446
Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$550,090
-
1g · Noncash contributions included above
$8,677
-
3 · Investment income
total $31,777 · related or exempt $31,777
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $441,329
-
7b · Less cost or other basis and sales expenses
securities $495,618
-
7c · Gain or loss
securities -$54,289
-
7d · Net gain or loss
total -$54,289 · related or exempt -$54,289
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $603,446 · program services $603,446
-
2 · Grants to domestic individuals
total $3,000 · program services $3,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $6,000 · management and general $6,000
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,500 · management and general $5,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $9,465 · management and general $9,465
-
11g · Fees: other
total $1,292 · management and general $1,292
-
12 · Advertising and promotion
total $5,637 · management and general $5,637
-
13 · Office expenses
total $769 · management and general $769
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,300 · management and general $12,300
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $845 · management and general $845
-
24a · Other expenses: Postage and Shipping
total $886 · management and general $886
-
24b · Other expenses: MISCELLANEOUS
total $762 · management and general $762
-
24c · Other expenses: FILING FEES
total $275 · management and general $275
-
24d · Other expenses: DUES & MEMBERSHIPS
total $131 · management and general $131
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,469 · end of year $2,342
-
2 · Savings and temporary cash investments
beginning of year $53,140 · end of year $35,342
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $3,130 · end of year $2,144
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,346,648 · end of year $1,455,653
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
18 · Grants payable
beginning of year $11,382
-
25 · Other liabilities
beginning of year $275 · end of year $275
-
27 · Net assets without donor restrictions
beginning of year $1,346,106 · end of year $1,442,517
-
28 · Net assets with donor restrictions
beginning of year $46,624 · end of year $52,689
Mission and programs · 2023
Mission
The Foundation's major purpose is to provide grants and contributions for civic, educational and charitable programs, and for community development and low cost housing initiatives within the local community of Cortland, New York.
-
The Foundation's major purpose is to provide grants and contributions for civic, educational and charitable programs, and for community development and low cost housing initiatives within the local community of Cortland, New York.
Expenses $606,446 · Grants $3,000
As filed on the 2023 return.
Listed in Part VII
-
Stephen Franco
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Thomas E GallagherTHOMAS E GALLAGHER
President
- Total calculated
- $0
- Hours/week
- 0
-
John Reagan
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Whittleton
Director
- Total calculated
- $0
- Hours/week
- 0
-
Katherine Compagni
Director
- Total calculated
- $0
- Hours/week
- 0
-
Mark Masler
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Poli
Director
- Total calculated
- $0
- Hours/week
- 0
-
Lisa Hoeschele
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kathie O'Mara
Director
- Total calculated
- $0
- Hours/week
- 0
-
Pat Ryan
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Jackie McCloskey
EXEC DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$150,101
General Gift
-
$104,896
General Gift
-
$35,868
General Gift
-
$33,516
General Gift
-
$31,503
General Gift
-
MARATHON CENTRAL SCHOOL DIS
$20,000
GENERAL GIFT
-
$15,100
General Gift
-
$12,373
General Gift
-
$12,259
General Gift
-
$12,250
General Gift
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402339349300010
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.