Form 990 for tax year 2023
Filed by BROOME COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $14,246,355
- Total expenses
- $3,163,189
- Contributions and grants received
- $1,324,200
- Grants paid
- $2,143,590
- Program service revenue
- $0
- Investment income
- $12,915,087
- Other revenue
- $7,068
- Total assets, end of year
- $49,190,276
- Total liabilities, end of year
- $375,707
- Net assets or fund balances, end of year
- $48,814,569
- Program services expenses (Part IX)
- $2,442,392
- Management and general expenses
- $435,228
- Fundraising expenses
- $285,569
- Program service expenses (Part III)
- $2,442,392
Program services were 77.2% 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
$1,324,200
-
3 · Investment income
total $135,883 · excluded $135,883
-
7a · Gross sales of assets other than inventory
securities $62,255,676
-
7b · Less cost or other basis and sales expenses
securities $49,476,472
-
7c · Gain or loss
securities $12,779,204
-
7d · Net gain or loss
total $12,779,204 · related or exempt $12,779,204
-
11a · Other revenue: MISCELLANEOUS OTHER INCOME
total $7,068 · related or exempt $7,068
-
11e · Other revenue, total
$7,068
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,143,590 · program services $2,143,590
-
5 · Compensation of officers, directors and key employees
total $221,973 · program services $74,089 · management and general $34,596 · fundraising $113,288
-
7 · Other salaries and wages
total $375,942 · program services $122,686 · management and general $172,627 · fundraising $80,629
-
8 · Pension plan contributions
total $33,180 · program services $12,158 · management and general $11,387 · fundraising $9,635
-
9 · Other employee benefits
total $54,667 · program services $20,031 · management and general $18,760 · fundraising $15,876
-
10 · Payroll taxes
total $40,590 · program services $13,193 · management and general $14,072 · fundraising $13,325
-
11b · Fees: legal
total $2,490 · program services $1,494 · management and general $747 · fundraising $249
-
11c · Fees: accounting
total $18,750 · program services $11,250 · management and general $5,625 · fundraising $1,875
-
11f · Fees: investment management
total $136,950 · management and general $136,950
-
11g · Fees: other
total $14,250 · program services $8,550 · management and general $4,275 · fundraising $1,425
-
13 · Office expenses
total $6,004 · management and general $4,956 · fundraising $1,048
-
14 · Information technology
total $44,381 · program services $26,629 · management and general $13,314 · fundraising $4,438
-
17 · Travel
total $8,696 · program services $3,174 · management and general $3,519 · fundraising $2,003
-
19 · Conferences, conventions and meetings
total $3,503 · program services $218 · management and general $109 · fundraising $3,176
-
23 · Insurance
total $8,085 · management and general $8,085
-
24a · Other expenses: POSTAGE
total $26,721 · program services $4,008 · management and general $1,336 · fundraising $21,377
-
24b · Other expenses: PRINTING EXPENSE
total $8,815 · program services $1,322 · management and general $441 · fundraising $7,052
-
24c · Other expenses: BANK FEES
total $6,408 · management and general $1,078 · fundraising $5,330
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $3,033 · management and general $26 · fundraising $3,007
-
24e · All other expenses
total $5,161 · management and general $3,325 · fundraising $1,836
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $363,244 · end of year $370,030
-
2 · Savings and temporary cash investments
beginning of year $938,284 · end of year $957,098
-
3 · Pledges and grants receivable
beginning of year $193,368 · end of year $298,415
-
9 · Prepaid expenses and deferred charges
beginning of year $9,094 · end of year $9,305
-
10a · Land, buildings and equipment: cost or other basis
$84,030
-
10b · Land, buildings and equipment: accumulated depreciation
$84,030
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $39,942,744 · end of year $42,301,876
-
15 · Other assets
beginning of year $4,987,713 · end of year $5,253,552
-
17 · Accounts payable and accrued expenses
beginning of year $53,542 · end of year $83,852
-
18 · Grants payable
beginning of year $242,733 · end of year $291,855
-
27 · Net assets without donor restrictions
beginning of year $13,103,734 · end of year $14,051,266
-
28 · Net assets with donor restrictions
beginning of year $33,034,438 · end of year $34,763,303
Mission and programs · 2023
Mission
THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT.
-
GRANTS IN AID ISSUED TO STUDENTS BASED ON FINANCIAL NEED ($917,324); MERIT AID BASED ON ACADEMIC ACCOMPLISHMENTS ($629,171); PRESIDENTIAL DISCRETIONARY ALLOCATIONS ($6,157), COLLEGE ENHANCEMENT ($22,758); FACULTY DEVELOPMENT RECOGNITION TO ENHANCE PROFESSIONAL DEVELOPMENT ($77,781), CAPITAL PROJECTS ($48,718); AND SPECIAL PROJECTS ($441,681)
Expenses $2,442,392 · Grants $2,143,590
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard J AllmanRICHARD J ALLMAN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Alex RacketaALEX RACKETA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Nicole HuffNICOLE HUFF
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Peyton HawkesPEYTON HAWKES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kay BolandKAY BOLAND
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth H Kidder IIIKENNETH H KIDDER III
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lorianne WelchLORIANNE WELCH
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Margaret A TurnaMARGARET A TURNA
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Lana RouffLANA ROUFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence C Anderson EsqLAWRENCE C ANDERSON ESQ
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Leo O'ConnorLEO O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick ScanlanPATRICK SCANLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth JonesMARY BETH JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen D WilsonMAUREEN D WILSON
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Matthew C DepalmoMATTHEW C DEPALMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas GarnarDOUGLAS GARNAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert P WilliamsROBERT P WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcia SteinbrecherMARCIA STEINBRECHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane M McGuireSHANE M MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aishia J MortensonAISHIA J MORTENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony PanicciaANTHONY PANICCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen RoeskeKAREN ROESKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn YoungDAWN YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur C SmithARTHUR C SMITH
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Dr Linda H BiemerDR LINDA H BIEMER
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Glenn R SmallGLENN R SMALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerald E KettleGERALD E KETTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin EcclestonROBIN ECCLESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William HoffmannWILLIAM HOFFMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen GardnerSTEPHEN GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Richard M RomanoDR RICHARD M ROMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tony D HawkinsDR TONY D HAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary SurdeyMARY SURDEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine R WilliamsCATHERINE R WILLIAMS
EXECUTIVE DIRECTOR
- Total calculated
- $206,886
- From this org
- $164,439
- From related orgs
- $0
- Other
- $42,447
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $164,439
- Bonus
- $0
- Other
- $0
- Deferred
- $16,779
- Nontaxable benefits
- $25,668
- Filer's total
- $206,886
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SUNY BROOME COMMUNITY COLLEGE
EDUCATION · NY
-
BCC HOUSING DEVELOPMENT CORPORATION
501(C)(3) · STUDENT HOUSING · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BCC HOUSING DEVELOPMENT I LLC
INACTIVE · NY
Directly controlled by BROOME COMMUNITY COLLEGE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443179349301439
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