Community Foundation Of Herkimer And Oneida Counties Inc
- Assets
- $207.4m
- Revenue
- $30.9m
- Investments
- $13.6m
- Employees
- 20
- Location
- Utica, NY
- Founding
- 08/1957
- Data as of
- 12/2021
- EIN
- 15-6016932
Organization Overview
Community Foundation Of Herkimer And Oneida Counties Inc is located in Utica, NY. The organization was established in 1957. 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, Community Foundation Of Herkimer And Oneida Counties Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Herkimer And Oneida Counties 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, Community Foundation Of Herkimer And Oneida Counties Inc generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $13.5m during the year ending 12/2021. While expenses have increased by 9.7% 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 2014, Community Foundation Of Herkimer And Oneida Counties Inc has awarded 1,046 individual grants totaling $50,006,020. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF THE RESIDENTS OF HERKIMER AND ONEIDA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION IS A COMMUNITY-BASED, SOCIAL IMPACT INVESTOR THAT USES ITS FINANCIAL, INTELLECTUAL AND CONVENING CAPITAL TO IMPROVE QUALITY OF LIFE IN HERKIMER AND ONEIDA COUNTIES. IN 2021, THE COMMUNITY FOUNDATION AWARDED 1,037 GRANTS AND SCHOLARSHIPS TO ELIGIBLE NONPROFITS PRIMARILY IN HERKIMER AND ONEIDA COUNTIES. RESPONSIVE GRANTS FOCUS ON NEEDS RELATED TO THE COMMUNITY FOUNDATION'S CORE INVESTMENT AREAS - ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND ARTS/CULTURE - AND HELP NONPROFITS BETTER SERVE THEIR CONSTITUENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Dicks President/chief Executive | Officer | 40 | $173,602 |
Nicholas Grimmer Director Of Giving Strateg | 40 | $108,479 | |
John Swann Executive Vice President | 40 | $105,453 | |
Erika Eastman Director Of Finance | Officer | 40 | $95,500 |
Rev Joseph Salerno Trustee/incoming Chair-Elect | OfficerTrustee | 3 | $0 |
Jawwaad Rasheed Chair Elect/ Incoming Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mpw Marketing Llc Marketing Services | 12/30/14 | $154,607 |
Charles A Gaetano Construction Corp Construction | 12/30/14 | $1,514,287 |
Bonacci Architects Architecture | 12/30/14 | $103,119 |
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 | $15,527,425 |
| Noncash contributions included in lines 1a–1f | $3,773,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,527,425 |
| Total Program Service Revenue | $97,356 |
| Investment income | $3,794,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,502,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,922,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,182,514 |
| Grants and other assistance to domestic individuals. | $272,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $323,984 |
| Compensation of current officers, directors, key employees. | $323,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $948,660 |
| Pension plan accruals and contributions | $55,684 |
| Other employee benefits | $133,831 |
| Payroll taxes | $105,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,639 |
| Fees for services: Accounting | $20,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,202,631 |
| Fees for services: Other | $45,400 |
| Advertising and promotion | $53,562 |
| Office expenses | $31,023 |
| Information technology | $110,230 |
| Royalties | $0 |
| Occupancy | $81,244 |
| Travel | $7,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,532 |
| Insurance | $23,592 |
| All other expenses | $0 |
| Total functional expenses | $13,534,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,478,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $121,817 |
| Investments—publicly traded securities | $179,711,003 |
| Investments—other securities | $13,631,917 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,459,470 |
| Total assets | $207,402,752 |
| Accounts payable and accrued expenses | $179,859 |
| Grants payable | $3,819,993 |
| 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 | $9,998,610 |
| Total liabilities | $13,998,462 |
| Net assets without donor restrictions | $45,155,461 |
| Net assets with donor restrictions | $148,248,829 |
| 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 | $207,402,752 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Herkimer And Oneida Counties Inc has awarded $8,724,604 in support to 180 organizations.
| Grant Recipient | Amount |
|---|---|
Utica, NY PURPOSE: CAPACITY BUILDING, TECHNICAL ASSISTANCE, GENERAL SUPPORT, PROGRAM SUPPORT | $1,019,094 |
Utica, NY PURPOSE: CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS, GENERAL SUPPORT, PROGRAM SUPPORT | $698,500 |
TOWN OF TRENTON PURPOSE: CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS | $389,585 |
Herkimer, NY PURPOSE: CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS, LEADERSHIP, PROFESSIONAL DEVELOPMENT, PROGRAM SUPPORT | $334,737 |
NOTRE DAME JRSR HIGH SCHOOL PURPOSE: GENERAL SUPPORT, INDIVIDUAL DEVELOPMENT, PROGRAM SUPPORT | $287,097 |
UTICA DOLLARS FOR SCHOLARS PURPOSE: GENERAL SUPPORT, INDIVIDUAL DEVELOPMENT | $281,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Community Foundation Of Herkimer And Oneida Counties Inc has recieved totaling $464,332.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $444,872 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,500 |
Hazen B Hinman Sr Foundation Inc Rome, NY PURPOSE: GENERAL CONTRIBUTION | $2,000 |
Paul O And Joanne D Stillman Charitable Foundation New Hartford, NY PURPOSE: CHARITABLE | $500 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $405 |
Endowment Analysis
| Beg. Balance | $42,270,236 |
| Earnings | $3,985,439 |
| Admin Expense | $442,695 |
| Net Contributions | $5,220,000 |
| Other Expense | $2,646 |
| Grants | -$537,977 |
| Ending Balance | $51,568,311 |
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 |