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← COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION FOR SOUTH CENTRAL NEW YORK INC.

Totals

Total revenue
$11,533,253
Total expenses
$4,140,578
Contributions and grants received
$7,870,670
Grants paid
$3,215,099
Program service revenue
$0
Investment income
$3,650,744
Other revenue
$11,839
Total assets, end of year
$43,763,336
Total liabilities, end of year
$1,608,837
Net assets or fund balances, end of year
$42,154,499
Program services expenses (Part IX)
$3,590,274
Management and general expenses
$465,086
Fundraising expenses
$85,218
Program service expenses (Part III)
$3,590,274

Program services were 86.7% 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

    $7,870,670

  • 1g · Noncash contributions included above

    $71,180

  • 3 · Investment income

    total $893,436 · excluded $893,436

  • 7a · Gross sales of assets other than inventory

    securities $16,937,377

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

    securities $14,180,069

  • 7c · Gain or loss

    securities $2,757,308

  • 7d · Net gain or loss

    total $2,757,308 · excluded $2,757,308

  • 8a · Fundraising events: gross income

    $11,839

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $11,839 · excluded $11,839

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,892,849 · program services $2,892,849

  • 2 · Grants to domestic individuals

    total $322,250 · program services $322,250

  • 5 · Compensation of officers, directors and key employees

    total $231,036 · program services $92,414 · management and general $127,070 · fundraising $11,552

  • 7 · Other salaries and wages

    total $166,056 · program services $90,080 · management and general $40,741 · fundraising $35,235

  • 8 · Pension plan contributions

    total $36,362 · program services $16,711 · management and general $15,366 · fundraising $4,285

  • 9 · Other employee benefits

    total $25,454 · program services $11,699 · management and general $10,758 · fundraising $2,997

  • 10 · Payroll taxes

    total $30,263 · program services $13,907 · management and general $12,789 · fundraising $3,567

  • 11b · Fees: legal

    total $6,800 · management and general $6,800

  • 11c · Fees: accounting

    total $17,253 · program services $2,070 · management and general $15,183

  • 11f · Fees: investment management

    total $139,522 · management and general $139,522

  • 11g · Fees: other

    total $54,172 · program services $46,341 · management and general $3,425 · fundraising $4,406

  • 12 · Advertising and promotion

    total $9,544 · program services $9,544

  • 13 · Office expenses

    total $3,852 · program services $1,770 · management and general $1,628 · fundraising $454

  • 16 · Occupancy

    total $53,257 · program services $24,476 · management and general $22,506 · fundraising $6,275

  • 17 · Travel

    total $21,182 · program services $1,985 · management and general $11,898 · fundraising $7,299

  • 19 · Conferences, conventions and meetings

    total $10,575 · program services $4,860 · management and general $4,469 · fundraising $1,246

  • 22 · Depreciation, depletion and amortization

    total $2,661 · management and general $2,661

  • 23 · Insurance

    total $5,989 · program services $1,364 · management and general $4,275 · fundraising $350

  • 24a · Other expenses: COMPUTER SOFTWARE

    total $38,308 · program services $11,319 · management and general $26,989

  • 24b · Other expenses: FUND DIRECT EXPENSES

    total $24,845 · program services $24,845

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $14,722 · program services $6,766 · management and general $6,221 · fundraising $1,735

  • 24d · Other expenses: PRINTING

    total $10,122 · program services $3,872 · management and general $3,253 · fundraising $2,997

  • 24e · All other expenses

    total $23,504 · program services $11,152 · management and general $9,532 · fundraising $2,820

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,069 · end of year $233,103

  • 2 · Savings and temporary cash investments

    beginning of year $1,454,950 · end of year $1,425,734

  • 4 · Accounts receivable

    beginning of year $69,787 · end of year $15,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,293 · end of year $33,535

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

    $38,968

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

    $35,757

  • 10c · Land, buildings and equipment, net

    beginning of year $5,872 · end of year $3,211

  • 11 · Investments: publicly traded securities

    beginning of year $25,870,334 · end of year $36,859,056

  • 12 · Investments: other securities

    beginning of year $7,061,858 · end of year $5,104,765

  • 15 · Other assets

    beginning of year $141,606 · end of year $88,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,774 · end of year $90,323

  • 18 · Grants payable

    beginning of year $1,097,428 · end of year $1,325,442

  • 25 · Other liabilities

    beginning of year $311,967 · end of year $193,072

  • 27 · Net assets without donor restrictions

    beginning of year $33,216,600 · end of year $42,154,499

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION OFFERS CARING INDIVIDUALS AN EFFECTIVE WAY TO ENDOW THEIR COMMUNITY IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING.

Activities or mission (Part I)

OFFERS CARING INDIVIDUALS AN EFFECTIVE WAY TO ENDOW THEIR COMMUNITY IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING. TO ESTABLISH & MAINTAIN CHARITABLE ENDOWED AND UNENDOWED FUNDS INCLUDING: DONOR ADVISED, FIELD OF INTEREST, DESIGNATED, PASS THROUGH, AGENCY, SCHOLARSHIP & UNRESTRICTED FOR CHARITABLE GRANTMAKING IN BROOME, CHENANGO, DELAWARE, OTSEGO & TIOGA COUNTIES.

  • THE FOUNDATION PROVIDES CHARITABLE GRANTS AND SCHOLARSHIPS IN BROOME, CHENANGO, DELAWARE, OTSEGO AND TIOGA COUNTIES. SEE SCHEDULE I. IN 2023, THE FOUNDATION AWARDED 488 GRANTS AND 91 SCHOLARSHIPS.

    Expenses $3,405,518 · Grants $3,215,099

  • THE FOUNDATION PROVIDES COMMUNITY EDUCATION AND INVOLVEMENT RELATING TO THE NEED FOR CHARITABLE GIVING AND PHILANTHROPY AND METHODS AVAILABLE TO FACILITATE CHARITABLE PARTICIPATION. DURING 2023, THE FOUNDATION'S EVENTS INCLUDED VIRTUAL AND IN-PERSON GRANTEE EDUCATION WORKSHOPS AND VARIOUS OTHER VIRTUAL EVENTS AS WELL AS A SUMMER DONOR EVENT.

    Expenses $120,380

  • THE FOUNDATION MANAGES THE CHARITABLE FUNDS THAT IT HOLDS. THE FOUNDATION MAINTAINS RELATIONS WITH CURRENT FUND HOLDERS AND ANSWERS QUESTIONS ABOUT FUND BALANCES, SPENDING POLICY AMOUNTS AND RETURNS ON FUNDS.

    Expenses $64,376

As filed on the 2023 return.

Listed in Part VII

  • WHITNEY RACKETA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARK S GORGOS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PAUL F WOOD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TYRONE MUSE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN A BURTIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KERSTIN M DRISCOLL-WITT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABBEY ORTU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN SASTRI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMYE L MILASI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAJESH DAVE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERICA LAWSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THERESA PIPHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOMAS AGUIRRE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN WOLBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR LAURA BRONSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANE L BROWN

    EXECUTIVE DIRECTOR (THRU JUNE)

    Total calculated
    $110,219
    From this org
    $99,262
    From related orgs
    $0
    Other
    $10,957
    Hours/week
    35

  • TINA M BARBER

    PROGRAM OFFICER / EXECUTIVE DIRECTOR

    Total calculated
    $120,817
    From this org
    $102,460
    From related orgs
    $0
    Other
    $18,357
    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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS INITIALLY SET BY THE PERSONNEL COMMITTEE BY THE COMMUNITY FOUNDATION BASED ON COMPARABILITY DATA AND APPROVED BY THE BOARD OF DIRECTORS. ANY CHANGES MADE THEREAFTER ARE RECOMMENDED BY THE PERSONNEL COMMITTEE, BASED ON UPDATED COMPARATIVE DATA, AND APPROVED OR DENIED BY THE BOARD OF DIRECTORS.

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349311849

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

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