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Nonprofiteer
← JAMESTOWN COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by JAMESTOWN COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$3,263,360
Total expenses
$4,002,634
Contributions and grants received
$1,425,208
Grants paid
$3,489,394
Program service revenue
$7,914
Investment income
$1,556,382
Other revenue
$273,856
Total assets, end of year
$28,149,357
Total liabilities, end of year
$846,284
Net assets or fund balances, end of year
$27,303,073
Program services expenses (Part IX)
$3,609,634
Management and general expenses
$367,485
Fundraising expenses
$25,515
Program service expenses (Part III)
$3,609,634

Program services were 90.2% 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

    $1,425,208

  • 2a · Program service revenue: GALA EVENT

    total $7,914 · related or exempt $7,914

  • 3 · Investment income

    total $527,956 · excluded $527,956

  • 6a · Gross rents

    real property $440,000

  • 6b · Less rental expenses

    real property $205,905

  • 6c · Rental income or loss

    real property $234,095

  • 6d · Net rental income or loss

    total $234,095 · excluded $234,095

  • 7a · Gross sales of assets other than inventory

    securities $8,481,734

  • 7b · Less cost or other basis and sales expenses

    securities $7,453,308

  • 7c · Gain or loss

    securities $1,028,426

  • 7d · Net gain or loss

    total $1,028,426 · excluded $1,028,426

  • 8a · Fundraising events: gross income

    $62,809

  • 8b · Fundraising events: direct expenses

    $23,048

  • 8c · Net income from fundraising events

    total $39,761 · excluded $39,761

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,489,394 · program services $3,489,394

  • 7 · Other salaries and wages

    total $236,344 · management and general $236,344

  • 9 · Other employee benefits

    total $35,635 · management and general $35,635

  • 10 · Payroll taxes

    total $18,080 · management and general $18,080

  • 11c · Fees: accounting

    total $18,880 · management and general $18,880

  • 11f · Fees: investment management

    total $25,649 · management and general $25,649

  • 11g · Fees: other

    total $12,360 · management and general $12,360

  • 13 · Office expenses

    total $5,138 · management and general $5,138

  • 14 · Information technology

    total $7,474 · fundraising $7,474

  • 17 · Travel

    total $2,505 · management and general $2,505

  • 23 · Insurance

    total $3,157 · management and general $3,157

  • 24a · Other expenses: PROGRAM DISBURSEMENTS-E

    total $54,684 · program services $54,684

  • 24b · Other expenses: STUDENT SCHOLARSHIPS

    total $28,684 · program services $28,684

  • 24c · Other expenses: STADIUM DEVELOPMENT

    total $24,400 · program services $24,400

  • 24d · Other expenses: DEVELOPMENT

    total $18,041 · fundraising $18,041

  • 24e · All other expenses

    total $22,209 · program services $12,472 · management and general $9,737

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,888 · end of year $342,748

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $25,000

  • 4 · Accounts receivable

    beginning of year $411 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,249,886

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,934,808

  • 10c · Land, buildings and equipment, net

    beginning of year $1,428,826 · end of year $1,315,078

  • 11 · Investments: publicly traded securities

    beginning of year $24,815,817 · end of year $26,413,080

  • 15 · Other assets

    beginning of year $49,075 · end of year $53,451

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,745 · end of year $94,343

  • 20 · Tax-exempt bond liabilities

    beginning of year $950,000 · end of year $730,000

  • 25 · Other liabilities

    beginning of year $24,694 · end of year $21,941

  • 27 · Net assets without donor restrictions

    beginning of year $4,568,721 · end of year $4,875,747

  • 28 · Net assets with donor restrictions

    beginning of year $21,215,857 · end of year $22,427,326

Mission and programs · 2023

Mission

TO BENEFIT JAMESTOWN COMMUNITY COLLEGE IN CARRYING OUT ITS EDUCATIONAL, SCIENTIFIC, CAPITAL AND CULTURAL PROGRAMS.

Activities or mission (Part I)

TO BENEFIT JAMESTOWN COMMUNITY COLLEGE

  • PROVIDED RESOURCES TO JAMESTOWN COMMUNITY COLLEGE IN CARRYING OUT ITS EDUCATIONAL, SCIENTIFIC, AND CULTURAL PROGRAMS, INCLUDING SCHOLARSHIPS FOR STUDENTS, RESKILLING INITIATIVES AND CAPITAL EXPENDITURES.

    Expenses $2,736,727 · Grants $2,736,727 · Revenue $7,914

  • INDIRECT PROGRAM SUPPORT TO OLEAN BUSINESS DEVELOPMENT CORPORATION (A NOT-FOR PROFIT ORGANIZATION) TO IMPLEMENT RESKILLING INITIATIVES FOR COLLEGE STUDENTS.

    Expenses $702,667 · Grants $702,667

  • PROGRAM SERVICE SUPPORT. INCLUDES $50,000 GRANT TO JAMESTOWN COMMUNITY COLLEGE FACULTY STUDENT ASSOCIATION FOR STUDENT ATHLETICS TRANSPORTATION, $24,400 FOR COLLEGE STADIUM DEVELOPMENT AND $12,472 FOR THE COLLEGE SPECIAL PURPOSE FUND.

    Expenses $86,872 · Grants $50,000

  • EDUCATION RELATED PROGRAMS INCLUDING PROGRAM DISBURSEMENTS $54,684 AND STUDENT SCHOLARSHIPS AND GRANTS $28,684.

    Expenses $83,368

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WADE WEATHERLOW

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • STEVEN SWANSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HADLEY WEINBERG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SAFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TODD ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL DEMARTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KURT EIMILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE GEISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA HASKELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL HEDIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGORY JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA NYSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW PASCARELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORIE RUNGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW SCHUTTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WARK WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEME YANETSKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 December 2024
IRS schema version
2023v5.1
Source object
202433549349301213

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