Central New York Community Foundation Inc
- Assets
- $395.9m
- Revenue
- $49.0m
- Investments
- $84.4m
- Employees
- 30
- Location
- Syracuse, NY
- Founding
- 09/1948
- Data as of
- 03/2022
- EIN
- 15-0626910
Organization Overview
Central New York Community Foundation Inc is located in Syracuse, NY. The organization was established in 1948. 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 03/2022, Central New York Community Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New York 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 03/2022, Central New York Community Foundation Inc generated $49.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $22.1m during the year ending 03/2022. While expenses have increased by 6.7% 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 2015, Central New York Community Foundation Inc has awarded 2,756 individual grants totaling $111,698,280. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION'S MISSION IS TO FOSTER A THRIVING CENTRAL NEW YORK COMMUNITY, INSPIRE GREATER GIVING, CELEBRATE LEGACY AND STEWARD CHARITABLE RESOURCES FOR TODAY AND TOMORROW.
Describe the Organization's Program Activity:
BROADLY RESPONSIVE COMMUNITY GRANTMAKING AND SPECIAL INITIATIVESTHE COMMUNITY FOUNDATION'S COLLECTIVE EFFORTS STRIVE TO SUPPORT THE HEALTH, HAPPINESS AND PROSPERITY OF LOCAL RESIDENTS, CREATE OPPORTUNITIES FOR EVERYONE AND AMPLIFY ALL THAT THE REGION HAS TO OFFER. ITS GRANT PROGRAMS SEEK TO BRING ABOUT POSITIVE CHANGE AND IMPACT WHILE HONORING DIVERSITY AND BUILDING INCLUSION WITHIN AND ACROSS THE REGION. THE LARGEST FUNDING OPPORTUNITY IS ITS COMMUNITY GRANT PROGRAM, WHICH ACCEPTS APPLICATIONS FROM TAX-EXEMPT, NONPROFIT ORGANIZATIONS IN ONONDAGA AND MADISON COUNTIES LOOKING TO FUND INNOVATIVE PROJECTS. IN ADDITION TO GRANT DOLLARS, SPECIAL INITIATIVES ARE DESIGNED TO STRENGTHEN LOCAL NONPROFITS AND ADDRESS THE REGION'S MOST PRESSING CHALLENGES.
DONOR-ADVISED FUND DISTRIBUTIONSDONOR-ADVISED FUNDS ARE ESTABLISHED BY INDIVIDUALS, FAMILIES OR BUSINESSES THAT CHOOSE TO BE ACTIVELY INVOLVED IN THE GRANTMAKING PROCESS. THEY ARE CONSIDERED A CONVENIENT WAY TO MANAGE A DONOR'S CHARITABLE GIVING BY ALLOWING THEM TO ADDRESS A WIDE VARIETY OF ISSUES AND FULFILL THEIR CHARITABLE INTERESTS AS THEY EVOLVE OVER TIME.
SCHOLARSHIPSSCHOLARSHIP FUNDS ARE ESTABLISHED BY DONORS WHO WISH TO HELP STUDENTS PURSUE THEIR EDUCATIONAL DREAMS. THE COMMUNITY FOUNDATION IS THE HOME TO SYRACUSE'S SAY YES TO EDUCATION ENDOWMENT. SAY YES GUARANTEES A PATH TO COLLEGE FOR STUDENTS OF THE SYRACUSE CITY SCHOOL DISTRICT AND PROVIDES SUPPORT TO STUDENTS AND THEIR FAMILIES THAT ENHANCES THEIR OPPORTUNITIES FOR ACADEMIC ACHIEVEMENT.
DESIGNATED FUNDSDESIGNATED FUNDS ARE PERSONALIZED BY DONORS TO SUPPORT THE SPECIFIC ORGANIZATIONS THEY CARE ABOUT. THESE FUNDS PROVIDE LONG-TERM, CONSISTENT SUPPORT TO ONE OR MORE CHARITIES SELECTED BY THE DONOR. GRANTS FROM THESE FUNDS REPRESENT A PAYOUT OF THE COMMUNITY FOUNDATION'S BOARD-APPROVED SPENDING POLICY RATE FOR PERMANENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Dunn President & CEO | Officer | 40 | $282,439 |
Kimberly Sadowski Sr. Vice President & CFO | Officer | 40 | $164,869 |
Frank Ridzi Vp, Community Investment | 40 | $138,579 | |
Thomas Griffith Vp, Development | 40 | $135,249 | |
Katrina Crocker Vp, Communications | 40 | $124,542 | |
Ahmeed Turner Executive Director, Say Yes | 40 | $121,263 |
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 | $34,296,809 |
| Noncash contributions included in lines 1a–1f | $11,939,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,296,809 |
| Total Program Service Revenue | $0 |
| Investment income | $3,150,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,237,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,020,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,128,918 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $459,741 |
| Compensation of current officers, directors, key employees. | $198,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,810,683 |
| Pension plan accruals and contributions | $144,079 |
| Other employee benefits | $110,984 |
| Payroll taxes | $159,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,786 |
| Fees for services: Accounting | $51,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,501 |
| Advertising and promotion | $0 |
| Office expenses | $83,164 |
| Information technology | $122,078 |
| Royalties | $0 |
| Occupancy | $160,675 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,015 |
| Interest | $65,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,423 |
| Insurance | $42,613 |
| All other expenses | $3,157 |
| Total functional expenses | $22,148,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,656 |
| Savings and temporary cash investments | $3,558,175 |
| Pledges and grants receivable | $255,402 |
| Accounts receivable, net | $4,207,706 |
| 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 | $87,038 |
| Net Land, buildings, and equipment | $3,954,234 |
| Investments—publicly traded securities | $291,753,021 |
| Investments—other securities | $84,357,839 |
| Investments—program-related | $250,000 |
| Intangible assets | $0 |
| Other assets | $7,250,721 |
| Total assets | $395,864,792 |
| Accounts payable and accrued expenses | $172,485 |
| Grants payable | $1,506,626 |
| Deferred revenue | $369,539 |
| 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 | $1,779,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,045,963 |
| Total liabilities | $27,874,284 |
| Net assets without donor restrictions | $283,729,107 |
| Net assets with donor restrictions | $84,261,401 |
| 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 | $395,864,792 |
Grants Awarded
Over the last fiscal year, Central New York Community Foundation Inc has awarded $16,896,528 in support to 370 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT; SPONSORSHIP SUPPORT | $2,708,500 |
ONONDAGA COUNTYDEPARTMENT OF CHILD & FAMILY SERVICES PURPOSE: PROGRAM SUPPORT; MENTAL HEALTH CLINICS | $1,500,000 |
Skaneateles, NY PURPOSE: GENERAL SUPPORT; CAMPAIGN SUPPORT | $502,650 |
Syracuse, NY PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT; SPONSORSHIP SUPPORT | $355,550 |
Syracuse, NY PURPOSE: GENERAL SUPPORT; PROGRAM SUPPORT | $354,200 |
Syracuse, NY PURPOSE: SCHOLARSHIP SUPPORT | $311,700 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central New York Community Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kja Reilly Family Foundation Latham, NY PURPOSE: D & S WEBSTER FAMILY FUND | $1,000 |
Kja Reilly Family Foundation Latham, NY PURPOSE: BORER FAMILY FUND FOR EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $82,176,266 |
| Earnings | $4,381,381 |
| Net Contributions | $1,679,861 |
| Other Expense | $1,227,334 |
| Grants | $3,199,567 |
| Ending Balance | $83,810,607 |
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 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
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 |
Princeton Area Community Foundation Inc Lawrenceville, NJ | $266,456,755 | $20,796,965 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |