Clinton Community College Foundation Inc
- Assets
- $3.5m
- Revenue
- $364.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Plattsburgh, NY
- Founding
- 10/1975
- Data as of
- 08/2022
- EIN
- 14-6097944
Organization Overview
Clinton Community College Foundation Inc is located in Plattsburgh, NY. The organization was established in 1975. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton Community College 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 08/2022, Clinton Community College Foundation Inc generated $364.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $307.2k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANTING STUDENT SCHOLARSHIPS AND CONTRIBUTIONS TO COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CLINTON COMMUNITY COLLEGE AND AWARDING SCHOLARSHIPS TO STUDENTS ATTENDING CLINTON COMMUNITY COLLEGE, PROMOTION OF THE COLLEGE TO ACQUIRE STUDENTS AND GAIN PUBLIC SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Jock Chair | Officer | 1 | $0 |
Stephen Podd Vice Chair | Officer | 1 | $0 |
Trevor Rabideau Secretary | Officer | 1 | $0 |
Craig Squier Trustee | Trustee | 1 | $0 |
John Kowal Trustee | Trustee | 1 | $0 |
Melissa Mowry Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,132 |
| Total Program Service Revenue | $0 |
| Investment income | $97,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,399 |
| Net Income from Fundraising Events | $12,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $144,716 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,677 |
| Fees for services: Other | $7,960 |
| Advertising and promotion | $0 |
| Office expenses | $5,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $117 |
| Total functional expenses | $307,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,995 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,342,669 |
| Intangible assets | $0 |
| Other assets | $15,253 |
| Total assets | $3,515,286 |
| Accounts payable and accrued expenses | $12,210 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $12,210 |
| Net assets without donor restrictions | $1,006,394 |
| Net assets with donor restrictions | $2,496,682 |
| 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 | $3,515,286 |
Grants Awarded
Over the last fiscal year, Clinton Community College Foundation Inc has awarded $849,828 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON COMMUNITY COLLEGE | | | $794,828 |
CLINTON COMMUNITY COLLEGE FSA | | | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clinton Community College Foundation Inc has recieved totaling $9,920.
| Awarding Organization | Amount |
|---|---|
Suny Impact Foundation Inc New York, NY PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS | $9,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Endowment Analysis
| Beg. Balance | $2,624,147 |
| Earnings | -$347,357 |
| Admin Expense | $61,318 |
| Net Contributions | $13,750 |
| Grants | $89,881 |
| Ending Balance | $2,139,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |