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Nonprofiteer
← ADIRONDACK COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by ADIRONDACK COMMUNITY FOUNDATION INC.

Totals

Total revenue
$14,349,046
Total expenses
$9,303,499
Contributions and grants received
$10,663,940
Grants paid
$6,038,710
Program service revenue
$1,371,181
Investment income
$2,313,925
Other revenue
$0
Total assets, end of year
$101,766,694
Total liabilities, end of year
$27,047,197
Net assets or fund balances, end of year
$74,719,497
Program services expenses (Part IX)
$8,387,040
Management and general expenses
$541,433
Fundraising expenses
$375,026
Program service expenses (Part III)
$8,387,040

Program services were 90.1% 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

    $10,663,940

  • 1g · Noncash contributions included above

    $3,938,913

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,371,098 · related or exempt $1,371,098

  • 2b · Program service revenue: SEMINAR FEES

    total $83 · related or exempt $83

  • 3 · Investment income

    total $2,119,895 · excluded $2,119,895

  • 7a · Gross sales of assets other than inventory

    securities $11,013,141

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

    securities $10,819,111

  • 7c · Gain or loss

    securities $194,030

  • 7d · Net gain or loss

    total $194,030 · excluded $194,030

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,968,210 · program services $5,968,210

  • 2 · Grants to domestic individuals

    total $70,500 · program services $70,500

  • 5 · Compensation of officers, directors and key employees

    total $292,335 · program services $76,024 · management and general $157,832 · fundraising $58,479

  • 7 · Other salaries and wages

    total $733,860 · program services $388,277 · management and general $137,544 · fundraising $208,039

  • 8 · Pension plan contributions

    total $20,884 · program services $11,061 · management and general $3,906 · fundraising $5,917

  • 9 · Other employee benefits

    total $57,502 · program services $26,180 · management and general $16,416 · fundraising $14,906

  • 10 · Payroll taxes

    total $74,975 · program services $34,043 · management and general $21,428 · fundraising $19,504

  • 11a · Fees: management

    total $1,233,700 · program services $1,233,700

  • 11b · Fees: legal

    total $7,000 · management and general $7,000

  • 11c · Fees: accounting

    total $18,750 · management and general $18,750

  • 11d · Fees: lobbying

    total $2,669 · management and general $2,669

  • 11f · Fees: investment management

    total $87,300 · management and general $87,300

  • 11g · Fees: other

    total $36,161 · program services $32,800 · management and general $3,361

  • 12 · Advertising and promotion

    total $48,536 · program services $47,476 · fundraising $1,060

  • 13 · Office expenses

    total $60,709 · program services $40,536 · management and general $6,313 · fundraising $13,860

  • 14 · Information technology

    total $75,627 · program services $35,698 · management and general $18,915 · fundraising $21,014

  • 16 · Occupancy

    total $8,794 · program services $3,993 · management and general $2,513 · fundraising $2,288

  • 19 · Conferences, conventions and meetings

    total $70,091 · program services $30,013 · management and general $21,484 · fundraising $18,594

  • 22 · Depreciation, depletion and amortization

    total $9,679 · program services $4,395 · management and general $2,766 · fundraising $2,518

  • 23 · Insurance

    total $5,083 · program services $1,293 · management and general $3,049 · fundraising $741

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $381,638 · program services $381,638

  • 24b · Other expenses: DUES AND FEES

    total $18,143 · management and general $18,093 · fundraising $50

  • 24c · Other expenses: BANK FEES

    total $9,858 · management and general $9,858

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $6,315 · program services $717 · management and general $2,236 · fundraising $3,362

  • 24e · All other expenses

    total $5,180 · program services $486 · fundraising $4,694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,489 · end of year $702,175

  • 2 · Savings and temporary cash investments

    beginning of year $68,614 · end of year $1,976,129

  • 3 · Pledges and grants receivable

    beginning of year $1,879,262 · end of year $1,300,211

  • 4 · Accounts receivable

    beginning of year $0 · end of year $9,067

  • 7 · Other notes and loans receivable

    end of year $835,701

  • 9 · Prepaid expenses and deferred charges

    end of year $35,528

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

    $341,901

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

    $96,304

  • 10c · Land, buildings and equipment, net

    beginning of year $241,276 · end of year $245,597

  • 11 · Investments: publicly traded securities

    beginning of year $83,272,146 · end of year $96,350,994

  • 12 · Investments: other securities

    beginning of year $3,095,325 · end of year $311,292

  • 15 · Other assets

    beginning of year $41,127

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,584 · end of year $32,995

  • 18 · Grants payable

    beginning of year $110,250 · end of year $0

  • 25 · Other liabilities

    beginning of year $24,696,505 · end of year $27,014,202

  • 27 · Net assets without donor restrictions

    beginning of year $63,409,155 · end of year $73,219,173

  • 28 · Net assets with donor restrictions

    beginning of year $609,745 · end of year $1,500,324

Mission and programs · 2023

Mission

ADIRONDACK FOUNDATION (THE "CORPORATION") IS A COMMUNITY FOUNDATION AND A TAX-EXEMPT, NOT-FOR-PROFIT, AUTONOMOUS, PUBLICLY SUPPORTED, PHILANTHROPIC INSTITUTION FORMED FOR THE FOLLOWING PURPOSES:1. TO SERVE AS A PERMANENT COLLECTION OF ENDOWED AND OTHER FUNDS BENEFITING ADIRONDACK COMMUNITIES, THEIR INSTITUTIONS AND RESIDENTS, INCLUDING BUT NOT LIMITED TO SUPPORT FOR ARTS AND HUMANITIES, COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, HEALTH, HISTORIC PRESERVATION, LIBRARIES, RECREATION, SOCIAL SERVICES AND YOUTH PROGRAMS THROUGH GRANT MAKING AND OTHER PROGRAMS.2. TO DO ANY OTHER LAWFUL ACT INCIDENTAL OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF THAT IS CONSISTENT WITH THE CORPORATION'S CERTIFICATE OF INCORPORATION AND APPROVED BY THE CORPORATION'S BOARD OF TRUSTEES.

Activities or mission (Part I)

ENHANCING THE LIVES OF PEOPLE IN THE ADIRONDACKS THROUGH PHILANTHROPY.

  • ADIRONDACK FOUNDATION PLAYS A UNIQUE ROLE IN THE NORTH COUNTRY. 1) IT CONNECTS PEOPLE, IDEAS, AND RESOURCES TO IMPROVE LIVES AND EXPAND OPPORTUNITIES THROUGHOUT THE ADIRONDACK REGION. 2) STEWARDS CHARITABLE ASSETS AND DONATIONS FROM GENEROUS DONORS AND ORGANIZATIONS WHO CARE ABOUT THE AREA AND WANT TO MAKE A DIFFERENCE. 3) MAKES GRANTS TO NONPROFITS, SCHOOLS, ORGANIZATIONS AND MUNICIPALITIES. 4) IS COMMITTED TO BEING SINCERE COLLABORATORS AND AMBASSADORS FOR THE PEOPLE OF THE ADIRONDACKS; ACCOUNTABLE TO COMMUNITIES, DONORS, PARTNERS, AND EACH OTHER; INCLUSIVE AND WELCOMING OF DIVERSITY OF ALL KINDS; COMPASSIONATE LISTENERS AND CONNECTORS AND CATALYSTS FOR POSITIVE CHANGE. THE FOUNDATION STEWARDS MORE THAN 300 CHARITABLE FUNDS AND ITS PRIMARY GRANTMAKING AREAS ARE: BASIC NEEDS, EDUCATIONAL PATHWAYS, ECONOMIC VITALITY, ARTS & CULTURE AND THE ENVIRONMENT. ITS LEADERSHIP WORK INCLUDES ENVISIONING OUR REGION AS A MODEL FOR RURAL AMERICA, WHERE COMMUNITIES ARE STRONG, JUST AND INCLUSIVE; OUR WELLBEING IS SUPPORTED THROUGH QUALITY CARE, EDUCATION, AND ECONOMIC OPPORTUNITY; NATURE IS VALUED AND PROTECTED; AND ARTS AND CULTURE THRIVE.

    Expenses $8,387,040 · Grants $6,038,710 · Revenue $1,371,181

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

Listed in Part VII

  • JOSEPH STEINIGER

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • BILL CREIGHTON

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • DAVID SAND

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • LAWSON PRINCE ALLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM ALLISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JAMIE BAXTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID BRUNNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEB CLEARY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN COLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ZAK DAKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID DARRIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA EISINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MARGOT ERNST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REGINALD GIGNOUX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN GRABE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LEA PAINE HIGHET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY IRELAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MCGRAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE PIANKA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIA RACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG WEATHERUP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • NANCY WOLCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • CALI BROOKS

    PRESIDENT & CEO

    Total calculated
    $173,139
    From this org
    $166,824
    From related orgs
    $0
    Other
    $6,315
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,824
    Bonus
    $0
    Other
    $0
    Deferred
    $5,005
    Nontaxable benefits
    $1,310
    Filer's total
    $173,139

  • MATT DONAHUE

    VP PHILANTHROPY

    Total calculated
    $128,591
    From this org
    $116,690
    From related orgs
    $0
    Other
    $11,901
    Hours/week
    40

  • LORI BELLINGHAM

    VP COMMUNITY IMPACT

    Total calculated
    $115,520
    From this org
    $104,000
    From related orgs
    $0
    Other
    $11,520
    Hours/week
    32

  • JAMIE CECILIA

    FORMER CFO

    Total calculated
    $119,040
    From this org
    $107,417
    From related orgs
    $0
    Other
    $11,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,417
    Bonus
    $0
    Other
    $0
    Deferred
    $3,223
    Nontaxable benefits
    $8,400
    Filer's total
    $119,040

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 · 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433169349300703

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

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