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Nonprofiteer
← GREATER OLEAN COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by GREATER OLEAN COMMUNITY FOUNDATION.

Totals

Total revenue
$3,432,381
Total expenses
$2,551,862
Contributions and grants received
$2,313,472
Grants paid
$2,093,524
Program service revenue
$61,838
Investment income
$1,057,071
Other revenue
$0
Total assets, end of year
$27,017,306
Total liabilities, end of year
$4,397,229
Net assets or fund balances, end of year
$22,620,077
Program services expenses (Part IX)
$2,193,770
Management and general expenses
$309,938
Fundraising expenses
$48,154
Program service expenses (Part III)
$2,193,770

Program services were 86.0% 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

    $2,313,472

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $61,838 · related or exempt $61,838

  • 3 · Investment income

    total $301,394 · excluded $301,394

  • 7a · Gross sales of assets other than inventory

    securities $8,990,015

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

    securities $8,234,338

  • 7c · Gain or loss

    securities $755,677

  • 7d · Net gain or loss

    total $755,677 · related or exempt $755,677

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,763,833 · program services $1,763,833

  • 2 · Grants to domestic individuals

    total $329,691 · program services $329,691

  • 5 · Compensation of officers, directors and key employees

    total $114,275 · program services $34,283 · management and general $68,565 · fundraising $11,427

  • 7 · Other salaries and wages

    total $199,598 · program services $54,106 · management and general $125,984 · fundraising $19,508

  • 10 · Payroll taxes

    total $21,985 · program services $6,191 · management and general $13,627 · fundraising $2,167

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 12 · Advertising and promotion

    total $7,938 · management and general $5,160 · fundraising $2,778

  • 13 · Office expenses

    total $17,255 · management and general $16,875 · fundraising $380

  • 14 · Information technology

    total $32,287 · management and general $32,287

  • 16 · Occupancy

    total $20,604 · program services $5,666 · management and general $12,878 · fundraising $2,060

  • 22 · Depreciation, depletion and amortization

    total $175 · management and general $175

  • 24a · Other expenses: MISCELLANEOUS

    total $29,569 · management and general $21,600 · fundraising $7,969

  • 24b · Other expenses: BUSINESS DEVELOPMENT

    total $5,652 · management and general $3,787 · fundraising $1,865

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $744,336 · end of year $446,660

  • 3 · Pledges and grants receivable

    beginning of year $3,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,378 · end of year $6,546

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

    $41,022

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

    $40,948

  • 10c · Land, buildings and equipment, net

    beginning of year $249 · end of year $74

  • 11 · Investments: publicly traded securities

    beginning of year $30,574,192 · end of year $26,502,620

  • 14 · Intangible assets

    end of year $61,406

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,278 · end of year $14,622

  • 25 · Other liabilities

    beginning of year $5,233,489 · end of year $4,382,607

  • 27 · Net assets without donor restrictions

    beginning of year $26,087,388 · end of year $22,620,077

Mission and programs · 2022

Mission

OUR GOAL IS TO ASSIST COMMUNITY MEMBERS IN THEIR PHILANTHROPIC ENDEAVORS TO HELP OTHERS THUS ENRICHING THE QUALITY OF LIFE IN OUR COMMUNITY.

Activities or mission (Part I)

ASSIST COMMUNITY MEMBERS IN THEIR PHILANTHROPIC ENDEAVORS AND ENRICH COMMUNITY QUALITY OF LIFE.

  • RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES IN THE GREATER OLEAN AREA INCLUDING THE AWARDING OF GRANTS TO LOCAL CHARITABLE, EDUCATIONAL, AND CIVIC ORGANIZATIONS AND THE AWARDING OF SCHOLARSHIPS.

    Expenses $2,193,770 · Grants $2,093,524

As filed on the 2022 return.

Listed in Part VII

  • VICKI BLESSING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE HIGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHARON MYERS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • THERESA RAFTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL STITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHABANA CHAUHDRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUG PRICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM STITT JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS PEZZIMENTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH PALUMBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AUDRA STEVENS

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MIKE KASPERSKI

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TYLER THREEHOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY BRAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDI BRUNDAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCY BENSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SKIP WILDAY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DR TONY EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN BUCHHEIT

    EXECUTIVE DIRECTOR

    Total calculated
    $114,275
    From this org
    $112,034
    From related orgs
    $0
    Other
    $2,241
    Hours/week
    35

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202343059349301529

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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