The Berkshire Taconic Community Foundation Inc
- Assets
- $235.5m
- Revenue
- $27.0m
- Investments
- $141.5m
- Employees
- 25
- Location
- Sheffield, MA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 06-1254469
Organization Overview
The Berkshire Taconic Community Foundation Inc is located in Sheffield, MA. The organization was established in 1991. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Berkshire Taconic Community Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire Taconic Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Berkshire Taconic Community Foundation Inc generated $27.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berkshire Taconic Community Foundation Inc has awarded 622 individual grants totaling $23,297,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COMMUNITIES THROUGH PHILANTHROPY AND LEADERSHIP.
Describe the Organization's Program Activity:
COMMUNITY PHILANTHROPY: PROVIDED SUPPLEMENTAL FINANCIAL SUPPORT TO ENHANCE THE COMMUNITY BOTH THROUGH AND TO RECOGNIZED CHARITABLE AGENCIES.
PROGRAM PHILANTHROPY: PROVIDED SUPPORT TO SPECIFIC FIELDS OF INTEREST TO STRENGTHEN OUR COMMUNITY, INCLUDING ENVIRONMENTAL PROTECTION, SOCIAL SERVICES, EDUCATION, AND YOUTH DEVELOPMENT.
REGIONAL PHILANTHROPY: PROVIDED CHARITABLE SUPPORT FOR SPECIFIC GEOGRAPHIC AREAS WITHIN THE REGION WE SERVE, AND FUND ADMINISTRATION FOR RELATED SUPPORTING ORGANIZATIONS SERVING THE COMMUNITY.
DISTRIBUTED SCHOLARSHIPS TO STUDENTS IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Taylor President / CEO | Officer | 50 | $173,914 |
Joseph Baker VP Finance & Admin | Officer | 50 | $138,115 |
Maeve O'dea Program Director | 37.5 | $116,549 | |
Timothy Wilmot Dir., Strategy, Evaluation, Learning | 37.5 | $111,997 | |
Kara Mikulich Chief Philanthropy Officer | 37.5 | $109,506 | |
Justin Burke Marketing Director | 37.5 | $105,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $934,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,036,801 |
| Noncash contributions included in lines 1a–1f | $5,796,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,970,906 |
| Total Program Service Revenue | $152,501 |
| Investment income | $2,379,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,458,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,961,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,773,272 |
| Grants and other assistance to domestic individuals. | $961,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $403,672 |
| Compensation of current officers, directors, key employees. | $162,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,232,588 |
| Pension plan accruals and contributions | $84,536 |
| Other employee benefits | $206,521 |
| Payroll taxes | $119,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,035 |
| Fees for services: Accounting | $57,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,127,197 |
| Fees for services: Other | $130,747 |
| Advertising and promotion | $33,061 |
| Office expenses | $100,161 |
| Information technology | $169,940 |
| Royalties | $0 |
| Occupancy | $64,980 |
| Travel | $13,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,306 |
| Insurance | $33,982 |
| All other expenses | $0 |
| Total functional expenses | $17,797,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,732,595 |
| Savings and temporary cash investments | $9,638,497 |
| Pledges and grants receivable | $112,421 |
| Accounts receivable, net | $38,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,069 |
| Net Land, buildings, and equipment | $52,007 |
| Investments—publicly traded securities | $80,398,585 |
| Investments—other securities | $141,528,522 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,546,714 |
| Accounts payable and accrued expenses | $337,617 |
| Grants payable | $171,765 |
| Deferred revenue | $382,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,033 |
| Total liabilities | $907,415 |
| Net assets without donor restrictions | $54,840,810 |
| Net assets with donor restrictions | $179,798,489 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $235,546,714 |
Grants Awarded
Over the last fiscal year, The Berkshire Taconic Community Foundation Inc has awarded $11,524,973 in support to 325 organizations.
| Grant Recipient | Amount |
|---|---|
Sharon, CT PURPOSE: GENERAL SUPPORT | $2,356,616 |
Great Barrington, MA PURPOSE: GENERAL SUPPORT; BAV MEAT PROGRAM | $303,000 |
Falls Village, CT PURPOSE: FOR GENERAL OPERATIONS | $275,456 |
Great Barrington, MA PURPOSE: GENERAL OPERATING SUPPORT AND PROGRAMMING FOR HEALTH AND WELLNESS | $229,193 |
Sharon, CT PURPOSE: FOR GENERAL SUPPORT, BUILDING RENOVATIONS AND SERVICES FOR WOMEN | $203,507 |
Great Barrington, MA PURPOSE: TO CLOSE THE FUND AS REQUESTED OF ORGANIZATION | $201,379 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that The Berkshire Taconic Community Foundation Inc has recieved totaling $3,533,972.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $2,148,112 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT QUICK-TURNAROUND GRANTMAKING, NONPROFIT CAPACITY AND NETWORK BUILDING, DONOR ENGAGEMENT, AND EVALUATION TO INCREASE COMMUNITY CONNECTION AND CIVIC ENGAGEMENT THROUGH ARTS PARTICIPATION | $322,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $172,834 |
Donald C Mcgraw Foundation Inc Delray Beach, FL PURPOSE: GENERAL SUPPORT | $125,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FISCAL SPONSOREE | $90,012 |
Endowment Analysis
| Beg. Balance | $92,806,945 |
| Earnings | $18,971,474 |
| Admin Expense | $1,693,213 |
| Net Contributions | $5,629,985 |
| Grants | $1,860,519 |
| Ending Balance | $113,854,672 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |