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Nonprofiteer
← THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC

Form 990 for tax year 2023

Filed by THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC.

Totals

Total revenue
$8,960,281
Total expenses
$10,411,637
Contributions and grants received
$5,168,387
Grants paid
$8,332,248
Program service revenue
$131,477
Investment income
$3,678,448
Other revenue
-$18,031
Total assets, end of year
$110,463,310
Total liabilities, end of year
$4,605,129
Net assets or fund balances, end of year
$105,858,181
Program services expenses (Part IX)
$8,979,889
Management and general expenses
$1,250,488
Fundraising expenses
$181,260
Program service expenses (Part III)
$8,979,889

Program services were 86.2% 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.

  • 1c · Fundraising events

    $60,182

  • 1f · All other contributions, gifts and grants

    $5,108,205

  • 2a · Program service revenue: FEES FOR SERVICE

    total $131,477 · related or exempt $131,477

  • 3 · Investment income

    total $1,953,299 · unrelated business -$41,706 · excluded $1,995,005

  • 7a · Gross sales of assets other than inventory

    securities $11,125,508

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

    securities $9,400,359

  • 7c · Gain or loss

    securities $1,725,149

  • 7d · Net gain or loss

    total $1,725,149 · excluded $1,725,149

  • 8a · Fundraising events: gross income

    $14,240

  • 8a · Fundraising events: contributions included on line 1c

    $60,182

  • 8b · Fundraising events: direct expenses

    $32,271

  • 8c · Net income from fundraising events

    total -$18,031 · excluded -$18,031

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,651,203 · program services $7,651,203

  • 2 · Grants to domestic individuals

    total $681,045 · program services $681,045

  • 5 · Compensation of officers, directors and key employees

    total $395,867 · program services $84,543 · management and general $253,512 · fundraising $57,812

  • 7 · Other salaries and wages

    total $599,618 · program services $346,902 · management and general $174,243 · fundraising $78,473

  • 8 · Pension plan contributions

    total $29,826 · program services $19,141 · management and general $7,992 · fundraising $2,693

  • 9 · Other employee benefits

    total $23,697 · program services $17,905 · management and general $3,622 · fundraising $2,170

  • 10 · Payroll taxes

    total $70,823 · program services $33,149 · management and general $29,587 · fundraising $8,087

  • 11b · Fees: legal

    total $1,592 · management and general $1,592

  • 11c · Fees: accounting

    total $33,860 · management and general $33,860

  • 11f · Fees: investment management

    total $558,987 · management and general $558,987

  • 11g · Fees: other

    total $20,854 · program services $14,134 · management and general $5,979 · fundraising $741

  • 12 · Advertising and promotion

    total $37,626 · management and general $37,626

  • 13 · Office expenses

    total $19,908 · program services $6,807 · management and general $11,440 · fundraising $1,661

  • 16 · Occupancy

    total $124,819 · program services $58,422 · management and general $52,144 · fundraising $14,253

  • 17 · Travel

    total $2,674 · program services $1,252 · management and general $1,117 · fundraising $305

  • 19 · Conferences, conventions and meetings

    total $10,083 · program services $7,332 · management and general $1,849 · fundraising $902

  • 22 · Depreciation, depletion and amortization

    total $19,863 · program services $9,297 · management and general $8,298 · fundraising $2,268

  • 23 · Insurance

    total $25,596 · program services $1,257 · management and general $24,032 · fundraising $307

  • 24a · Other expenses: EQUIPMENT LEASES/MAINT

    total $63,162 · program services $29,564 · management and general $26,386 · fundraising $7,212

  • 24b · Other expenses: PROF. DEVELOPMENT

    total $38,321 · program services $17,936 · management and general $16,009 · fundraising $4,376

  • 24c · Other expenses: FILING FEES

    total $2,213 · management and general $2,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $806,241 · end of year $702,326

  • 2 · Savings and temporary cash investments

    beginning of year $1,044,184 · end of year $935,368

  • 3 · Pledges and grants receivable

    beginning of year $617,500 · end of year $403,323

  • 4 · Accounts receivable

    beginning of year $13,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,634 · end of year $27,413

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

    $222,009

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

    $156,450

  • 10c · Land, buildings and equipment, net

    beginning of year $47,554 · end of year $65,559

  • 11 · Investments: publicly traded securities

    beginning of year $57,551,531 · end of year $68,054,930

  • 12 · Investments: other securities

    beginning of year $39,116,561 · end of year $38,825,572

  • 15 · Other assets

    beginning of year $1,568,684 · end of year $1,448,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,623 · end of year $46,725

  • 18 · Grants payable

    beginning of year $141,126 · end of year $114,989

  • 25 · Other liabilities

    beginning of year $3,530,548 · end of year $4,443,415

  • 27 · Net assets without donor restrictions

    beginning of year $40,068,830 · end of year $41,009,823

  • 28 · Net assets with donor restrictions

    beginning of year $56,997,762 · end of year $64,848,358

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY. THE FOUNDATION DOES THIS IN COLLABORATION WITH DONORS AND COMMUNITY PARTNERS WHO SHARE ITS VISION FOR COMMUNITY TRANSFORMATION THROUGH STEWARDSHIP OF CHARITABLE ENDOWMENTS, SUPERIOR DONOR SERVICES, EFFECTIVE GRANT MAKING, AND LEADERSHIP TO ADDRESS COMMUNITY NEEDS.

  • SEE SCHEDULE O.THE FOUNDATION ADMINISTERS MORE THAN 460 CHARITABLE FUNDS, AND IN PARTNERSHIP WITH OUR DONORS, PROVIDES LEADERSHIP AND SUPPORT FOR SOME OF THE CAPITAL REGION'S MOST IMPORTANT HUMAN SERVICE, EDUCATION, ARTS/CULTURE, COMMUNITY IMPROVEMENT AND HOUSING/SHELTER INITIATIVES.SINCE OUR FOUNDING IN 1968, THE FOUNDATION HAS AWARDED MORE THAN $126.2 MILLION TO SUPPORT THE CAPITAL REGION AND BEYOND. IN 2023, THE FOUNDATION GRANTED AND FACILITATED OVER $9.1 MILLION IN 1,562 GRANTS. OF THESE GRANTS, 235 NONPROFIT PROGRAMS RECEIVED UP TO $5,000 EACH. THE TOP FOCUS AREAS TO WHICH GRANTS WERE AWARDED IN 2023 WERE HUMAN SERVICES, EDUCATION, ARTS/CULTURE/HUMANITIES, HOUSING AND SHELTER, AND COMMUNITY IMPROVEMENT/CAPACITY BUILDING.THE FOUNDATION MAINTAINS A FOCUS ON INVESTING IN THE CAPACITY OF LOCAL NONPROFITS, IN ORDER TO HELP THEM OPERATE AND SERVE THEIR POPULATIONS MORE EFFECTIVELY. WE ACCOMPLISH THIS THROUGH MODEST GRANT AWARDS TO SUPPORT INFRASTRUCTURE, HUMAN RESOURCES, AND MANAGEMENT/BOARD TRAINING UPGRADES, AS WELL AS OUR SUPPORT FOR, AND COORDINATION OF, THE CAPACITY BUILDING MINI-GRANT PROGRAM. THIS PROGRAM, OFFERED FREE EACH YEAR, CONSISTS OF A SERIES OF HALF-DAY WORKSHOPS FOR NONPROFIT LEADERS AND THEIR BOARD MEMBERS ON A WIDE RANGE OF TOPICS, SUCH AS PERSONNEL RISK MANAGEMENT, REGULATORY CHANGES AFFECTING THE NONPROFIT FIELD, DEVELOPMENT AND COMMUNICATIONS, AND TECHNOLOGY SOLUTIONS.THE FOUNDATION AWARDS GRADE SCHOOL, COLLEGE, AND CONTINUING EDUCATION SCHOLARSHIPS TO HUNDREDS OF LOCAL SCHOLARS EACH YEAR. THE FOUNDATION'S LARGEST SCHOLARSHIP FUND IS THE PHYLLIS E. DAKE "MAKE YOUR OWN" SCHOLARSHIP FUND (PED), WHICH PROVIDES COLLEGE FUNDING FOR CHILDREN OF STEWART'S SHOPS EMPLOYEES. IN 2023, THE PED SCHOLARSHIP GRANTED MORE THAN $484,000, COMBINED WITH THE FOUNDATION'S OTHER SCHOLARSHIP FUNDS, RESULTED IN DISTRIBUTING MORE THAN $702,000 GRANTED THROUGH 194 SCHOLARSHIPS.

    Expenses $8,979,889 · Grants $8,332,248 · Revenue $131,477

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alicia Lasch

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert T Hennes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Belinda Hilton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert S Reynolds Esq

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hon Dorcey Applyrs Drph MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher L Cimijotti CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Bedell CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • M Christian Bender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eldon Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen McLoughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meaghan E Murphy Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Murray Carl Massry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chester Opalka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aimee Dake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heidi Knoblauch PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John W Rodat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert F Audi CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Zhang CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Thorne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Craft Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brenda Baddam Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John G Eberle

    PRESIDENT & CEO

    Total calculated
    $231,248
    From this org
    $205,176
    From related orgs
    $0
    Other
    $26,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,453
    Bonus
    $7,723
    Other
    $0
    Deferred
    $12,263
    Nontaxable benefits
    $13,809
    Filer's total
    $231,248

  • Terry D Mariano

    CFO

    Total calculated
    $164,619
    From this org
    $144,539
    From related orgs
    $0
    Other
    $20,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,542
    Bonus
    $10,997
    Other
    $0
    Deferred
    $8,343
    Nontaxable benefits
    $11,737
    Filer's total
    $164,619

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 · Form 990 of other organizations
  • 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

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

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.

  • CFCR REAL PROPERTY TRANSACTIONS LLC

    TO MANAGE REAL PROPERTY INTENDED TO BE DONATED TO COMMUNITY FOUNDATION. · NY

    Directly controlled by COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202402969349301300

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