Skip to content
Nonprofiteer
← BROOME COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by BROOME COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$4,139,424
Total expenses
$2,830,419
Contributions and grants received
$2,300,295
Grants paid
$1,879,130
Program service revenue
$0
Investment income
$1,828,549
Other revenue
$10,580
Total assets, end of year
$46,434,447
Total liabilities, end of year
$296,275
Net assets or fund balances, end of year
$46,138,172
Program services expenses (Part IX)
$2,163,816
Management and general expenses
$396,495
Fundraising expenses
$270,108
Program service expenses (Part III)
$2,163,816

Program services were 76.4% 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

    $2,300,295

  • 3 · Investment income

    total $15,042 · excluded $15,042

  • 7a · Gross sales of assets other than inventory

    securities $4,074,186

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

    securities $2,260,679

  • 7c · Gain or loss

    securities $1,813,507

  • 7d · Net gain or loss

    total $1,813,507 · related or exempt $1,813,507

  • 11a · Other revenue: MISCELLANEOUS OTHER INCOME

    total $10,580 · related or exempt $10,580

  • 11e · Other revenue, total

    $10,580

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,879,130 · program services $1,879,130

  • 5 · Compensation of officers, directors and key employees

    total $186,319 · program services $61,957 · management and general $29,190 · fundraising $95,172

  • 7 · Other salaries and wages

    total $384,999 · program services $125,351 · management and general $169,230 · fundraising $90,418

  • 8 · Pension plan contributions

    total $33,123 · program services $10,730 · management and general $10,263 · fundraising $12,130

  • 9 · Other employee benefits

    total $55,678 · program services $21,654 · management and general $20,051 · fundraising $13,973

  • 10 · Payroll taxes

    total $40,074 · program services $12,948 · management and general $14,023 · fundraising $13,103

  • 11b · Fees: legal

    total $1,150 · program services $690 · management and general $345 · fundraising $115

  • 11c · Fees: accounting

    total $18,250 · program services $10,950 · management and general $5,475 · fundraising $1,825

  • 11f · Fees: investment management

    total $111,724 · management and general $111,724

  • 11g · Fees: other

    total $12,301 · program services $7,381 · management and general $3,690 · fundraising $1,230

  • 13 · Office expenses

    total $2,736 · management and general $1,584 · fundraising $1,152

  • 14 · Information technology

    total $40,937 · program services $24,562 · management and general $12,281 · fundraising $4,094

  • 17 · Travel

    total $6,279 · program services $1,750 · management and general $2,766 · fundraising $1,763

  • 19 · Conferences, conventions and meetings

    total $6,958 · program services $2,393 · management and general $1,196 · fundraising $3,369

  • 23 · Insurance

    total $7,590 · management and general $7,590

  • 24a · Other expenses: POSTAGE

    total $23,706 · program services $3,555 · management and general $1,185 · fundraising $18,966

  • 24b · Other expenses: BANK FEES

    total $6,815 · management and general $1,814 · fundraising $5,001

  • 24c · Other expenses: PRINTING EXPENSE

    total $5,099 · program services $765 · management and general $255 · fundraising $4,079

  • 24d · Other expenses: MISCELLANOUS EXPENSE

    total $3,012 · management and general $1,528 · fundraising $1,484

  • 24e · All other expenses

    total $4,539 · management and general $2,305 · fundraising $2,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,265 · end of year $363,244

  • 2 · Savings and temporary cash investments

    beginning of year $649,642 · end of year $938,284

  • 3 · Pledges and grants receivable

    beginning of year $189,824 · end of year $193,368

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,513 · end of year $9,094

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

    $84,030

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

    $84,030

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $37,546,552 · end of year $39,942,744

  • 15 · Other assets

    beginning of year $4,867,465 · end of year $4,987,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,315 · end of year $53,542

  • 18 · Grants payable

    beginning of year $933,323 · end of year $242,733

  • 27 · Net assets without donor restrictions

    beginning of year $11,880,362 · end of year $13,103,734

  • 28 · Net assets with donor restrictions

    beginning of year $30,530,261 · end of year $33,034,438

Mission and programs · 2022

Mission

THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT.

  • GRANTS IN AID ISSUED TO STUDENTS BASED ON FINANCIAL NEED ($809,274); MERIT AID BASED ON ACADEMIC ACCOMPLISHMENTS ($583,978); PRESIDENTIAL DISCRETIONARY ALLOCATIONS ($6,525), COLLEGE ENHANCEMENT ($20,085); FACULTY DEVELOPMENT RECOGNITION TO ENHANCE PROFESSIONAL DEVELOPMENT ($53,843); AND SPECIAL PROJECTS ($405,425)

    Expenses $2,163,816 · Grants $1,879,130

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard J Allman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alex Racketa

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nicole Huff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Peyton Hawkes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Irene C Graven

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kay Boland

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Margaret A Turna

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Matthew C Depalmo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lana Rouff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence C Anderson

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Leo O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorianne Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Scanlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Beth Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maureen D Wilson

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Kenneth H Kidder III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Garnar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert P Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Steinbrecher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shane M McGuire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aishia J Mortenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Paniccia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Roeske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arthur C Smith

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Dr Linda H Biemer

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Glenn R Small

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerald E Kettle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Kevin E Drumm

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • William Hoffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mary John

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard M Romano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elliot D Reitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine R Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $185,438
    From this org
    $146,961
    From related orgs
    $0
    Other
    $38,477
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $146,961
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $23,477
    Filer's total
    $185,438

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BCC HOUSING DEVELOPMENT I LLC

    INACTIVE · NY

    Directly controlled by BROOME COMMUNITY COLLEGE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323069349301437

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

The source document this was parsed from is served over the API, which is where bulk and document access live.