Cohoes Savings Foundation Inc
- Assets
- $4.9m
- Revenue
- $208.2k
- Investments
- $4.7m
- Employees
- 0
- Location
- Ballston Spa, NY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 14-1809837
Organization Overview
Cohoes Savings Foundation Inc is located in Ballston Spa, NY. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohoes Savings 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 12/2023, Cohoes Savings Foundation Inc generated $208.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $232.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cohoes Savings Foundation Inc has awarded 115 individual grants totaling $352,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry L Robinson Chairman/director-Pt | 0 | $0 | |
Al Picchi Director-Pt | 0 | $0 | |
Jacqueline E Brennan Exec Director/director-Pt | 24 | $49,904 | |
Rick Ahl Sr Treasurer/director-Pt | 0 | $0 | |
Michael Crotty Director-Pt | 0 | $0 | |
Alan Krafchin Director-Pt | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $610 |
| Dividends & Interest | $127,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,149 |
| Capital Gain Net Income | $80,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $208,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,904 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,498 |
| Depreciation | $0 |
| Occupancy | $14,685 |
| Travel, conferences, and meetings | $14,443 |
| Printing and publications | $0 |
| Other expenses | $9,897 |
| Total operating and administrative expenses | $123,316 |
| Contributions, gifts, grants paid | $109,050 |
| Total expenses and disbursements | $232,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,565 |
| Savings and temporary cash investments | $129,460 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $900 |
| Total assets | $4,877,001 |
| Accounts payable and accrued expenses | $96 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96 |
Grants Awarded
Over the last fiscal year, Cohoes Savings Foundation Inc has awarded $109,050 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK FOUNDATION PURPOSE: CHARITABLE PURPOSES. | $1,000 |
ARTHRITIS FOUNDATION PURPOSE: WALK TO CURE ARTHRITIS. | $7,500 |
BIG BROTHERS BIG SISTERS OF THE CAPITAL REGION PURPOSE: SPONSOR FRIENDSGIVING EVENT. | $1,500 |
BUILDING ON LOVE INC PURPOSE: ASSIST CHILDREN WITH LIFE-ALTERING MEDICAL CONDITIONS. | $5,000 |
CENTER FOR DISABILITY SERVICES PURPOSE: TO INCREASE ACCESS TO HEALTH CARE FOR DISABLED INDIVIDUALS. | $10,000 |
CITY OF COHOES TURKEY TROT PURPOSE: SPONSOR TURKEY TROT. | $500 |