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← GREATER OLEAN COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by GREATER OLEAN COMMUNITY FOUNDATION.

Totals

Total revenue
$2,338,306
Total expenses
$2,239,547
Contributions and grants received
$1,930,341
Grants paid
$1,727,771
Program service revenue
$57,552
Investment income
$350,413
Other revenue
$0
Total assets, end of year
$30,596,915
Total liabilities, end of year
$4,935,986
Net assets or fund balances, end of year
$25,660,929
Program services expenses (Part IX)
$1,837,474
Management and general expenses
$348,655
Fundraising expenses
$53,418
Program service expenses (Part III)
$1,837,474

Program services were 82.0% 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

    $1,930,341

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $57,552 · related or exempt $57,552

  • 3 · Investment income

    total $396,598 · excluded $396,598

  • 7a · Gross sales of assets other than inventory

    securities $3,295,895

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

    securities $3,342,080

  • 7c · Gain or loss

    securities -$46,185

  • 7d · Net gain or loss

    total -$46,185 · related or exempt -$46,185

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,391,879 · program services $1,391,879

  • 2 · Grants to domestic individuals

    total $335,892 · program services $335,892

  • 5 · Compensation of officers, directors and key employees

    total $163,300 · program services $45,724 · management and general $101,246 · fundraising $16,330

  • 7 · Other salaries and wages

    total $182,339 · program services $51,611 · management and general $112,992 · fundraising $17,736

  • 10 · Payroll taxes

    total $23,993 · program services $6,757 · management and general $14,871 · fundraising $2,365

  • 11c · Fees: accounting

    total $13,250 · management and general $13,250

  • 12 · Advertising and promotion

    total $7,859 · management and general $5,108 · fundraising $2,751

  • 13 · Office expenses

    total $19,404 · management and general $18,804 · fundraising $600

  • 14 · Information technology

    total $30,454 · management and general $30,454

  • 16 · Occupancy

    total $20,404 · program services $5,611 · management and general $12,753 · fundraising $2,040

  • 22 · Depreciation, depletion and amortization

    total $74 · management and general $74

  • 24a · Other expenses: MISCELLANEOUS

    total $43,868 · management and general $34,526 · fundraising $9,342

  • 24b · Other expenses: BUSINESS DEVELOPMENT

    total $6,831 · management and general $4,577 · fundraising $2,254

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $446,660 · end of year $465,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,546 · end of year $9,335

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $74 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,502,620 · end of year $30,078,261

  • 14 · Intangible assets

    beginning of year $61,406 · end of year $44,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,622 · end of year $14,835

  • 25 · Other liabilities

    beginning of year $4,382,607 · end of year $4,921,151

  • 27 · Net assets without donor restrictions

    beginning of year $22,620,077 · end of year $25,660,929

Mission and programs · 2023

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 $1,837,474 · Grants $1,727,771

As filed on the 2023 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

    2ND VICE PRESIDENT

    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

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MIKE KASPERSKI

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • TYLER THREEHOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY BRAND

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SANDI BRUNDAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCY BENSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SKIP WILDAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR TONY EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEAN CORNELIUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN BUCHHEIT

    EXECUTIVE DIRECTOR THROUGH AUG 23

    Total calculated
    $87,814
    From this org
    $85,417
    From related orgs
    $0
    Other
    $2,397
    Hours/week
    35

  • KIRK WINDUS

    EXECUTIVE DIRECTOR BEGINNING SEPT 23

    Total calculated
    $73,808
    From this org
    $66,740
    From related orgs
    $0
    Other
    $7,068
    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

  • VILLAGE OF ALLEGANY

    $250,000

    GENERAL SUPPORT

  • OLEAN GENERAL HOSPITAL FOUNDATION

    $226,687

    GENERAL SUPPORT

  • YMCA OF THE TWIN TIERS

    $41,800

    GENERAL SUPPORT

  • TRI-COUNTY ARTS COUNCIL INC

    $30,064

    GENERAL SUPPORT

  • OLEAN CITY SCHOOL DISTRICT

    $23,451

    GENERAL SUPPORT

  • OLEAN BUSINESS DEVELOPMENT CORPORATION

    $20,400

    GENERAL SUPPORT

  • SPCA IN CATTARAUGUS COUNTY

    $10,259

    GENERAL SUPPORT

  • INTERFAITH CAREGIVERS INC

    $9,122

    GENERAL SUPPORT

  • ST BONAVENTURE UNIVERSITY

    $8,619

    GENERAL SUPPORT

  • OLEAN HIGH SCHOOL ALUMNI ASSOCIATION

    $8,450

    GENERAL SUPPORT

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

Provenance

Return type
form_990
Tax year
2023
Filed
28 May 2024
IRS schema version
2023v5.0
Source object
202431499349301173

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

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