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Nonprofiteer
← CORTLAND COLLEGE FOUNDATIONPROPERTIES INC

Form 990 for tax year 2022

Filed by CORTLAND COLLEGE FOUNDATIONPROPERTIES INC.

Totals

Total revenue
$60,823
Total expenses
$67,743
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$60,802
Investment income
$21
Other revenue
$0
Total assets, end of year
$1,184,185
Total liabilities, end of year
$262,271
Net assets or fund balances, end of year
$921,914
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: RENTAL

    total $60,802 · related or exempt $60,802

  • 3 · Investment income

    total $21 · excluded $21

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $26,932

  • 23 · Insurance

    total $38,286

  • 24a · Other expenses: REAL ESTATE COMMISSION

    total $2,500

  • 24b · Other expenses: TAXES

    total $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $181,370 · end of year $223,646

  • 4 · Accounts receivable

    beginning of year $24,017 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,136 · end of year $17,275

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

    $1,204,628

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

    $261,364

  • 10c · Land, buildings and equipment, net

    beginning of year $970,196 · end of year $943,264

  • 19 · Deferred revenue

    beginning of year $17,285 · end of year $18,671

  • 25 · Other liabilities

    beginning of year $243,600 · end of year $243,600

  • 27 · Net assets without donor restrictions

    beginning of year -$62,230 · end of year -$69,150

  • 28 · Net assets with donor restrictions

    beginning of year $991,064 · end of year $991,064

Mission and programs · 2022

Mission

TO HOLD, ACQUIRE AND TRANSFER OR SELL REAL ESTATE GIFTS, AND PROPERTIES OF STRATEGIC VALUE TO CORTLAND COLLEGE FOUNDATION.

  • TO HOLD, ACQUIRE AND TRANSFER OR SELL REAL ESTATE GIFTS, AND PROPERTIES OF STRATEGIC VALUE TO CORTLAND COLLEGE FOUNDATION.

As filed on the 2022 return.

Listed in Part VII

  • Johanna Ames

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Nora Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • David Turybury

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Candy Altman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Peter C Perkins

    EXECUTIVE DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Richard Coyne

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 10 related

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202441239349301684

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