Community Foundation Of Elmira Corning And The Finger Lakes
- Assets
- $64.3m
- Revenue
- $4.1m
- Investments
- $20.6m
- Employees
- 5
- Location
- Horseheads, NY
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 16-1100837
Organization Overview
Community Foundation Of Elmira Corning And The Finger Lakes is located in Horseheads, NY. The organization was established in 1977. 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 06/2022, Community Foundation Of Elmira Corning And The Finger Lakes employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Elmira Corning And The Finger Lakes 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 06/2022, Community Foundation Of Elmira Corning And The Finger Lakes generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 7.2% 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 2019, Community Foundation Of Elmira Corning And The Finger Lakes has awarded 276 individual grants totaling $6,752,518. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP REALIZE THE POTENTIAL IN OUR COMMUNITY BY MATCHING THE GENEROSITY OF OUR DONORS WITH THE COMMUNITY'S GREATEST NEEDS. OUR GRANTS AND SCHOLARSHIPS SUPPORT THE PEOPLE OF CHEMUNG, SCHUYLER, STEUBEN AND YATES COUNTIES IN THE SOUTHERN TIER OF NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE NON PROFIT ORGANIZATIONS IN THE CHEMUNG-STEUBEN COUNTY AREA.
SCHOLARSHIPS AND GRANTS TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Hewit President | Officer | 40 | $165,729 |
John Sirianni CFO | 40 | $104,290 | |
Arie Van Den Blink Chair | OfficerTrustee | 2.5 | $0 |
Angelina Hanrahan Treasurer | OfficerTrustee | 2.5 | $0 |
Sara Ciccotti Secretary | OfficerTrustee | 1.25 | $0 |
Judith Rowe Past Chair | OfficerTrustee | 1.25 | $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 | $2,069,754 |
| Noncash contributions included in lines 1a–1f | $81,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,069,754 |
| Total Program Service Revenue | $12,876 |
| Investment income | $1,440,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $554,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,077,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,767,012 |
| Grants and other assistance to domestic individuals. | $644,290 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $193,988 |
| Compensation of current officers, directors, key employees. | $77,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,201 |
| Pension plan accruals and contributions | $23,650 |
| Other employee benefits | $29,865 |
| Payroll taxes | $37,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,113 |
| Fees for services: Other | $1,347 |
| Advertising and promotion | $91,161 |
| Office expenses | $129,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,628 |
| Insurance | $13,481 |
| All other expenses | $3,332 |
| Total functional expenses | $3,358,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,321 |
| Savings and temporary cash investments | $3,795,403 |
| 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 | $1,058 |
| Net Land, buildings, and equipment | $399,886 |
| Investments—publicly traded securities | $39,361,522 |
| Investments—other securities | $20,623,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,144 |
| Total assets | $64,263,618 |
| Accounts payable and accrued expenses | $75,039 |
| Grants payable | $1,261,191 |
| 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 | $1,157,722 |
| Total liabilities | $2,493,952 |
| Net assets without donor restrictions | $20,220,149 |
| Net assets with donor restrictions | $41,549,517 |
| 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 | $64,263,618 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Elmira Corning And The Finger Lakes has awarded $1,458,273 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Bath, NY PURPOSE: VARIOUS PROGRAMS | $220,039 |
Elmira, NY PURPOSE: EARLY CHILDCARE & EDUCATION | $120,600 |
Elmira, NY PURPOSE: GENERAL SUPPORT; REPLACEMENT FURNITURE; FLX GIVES | $118,318 |
Elmira, NY PURPOSE: GENERAL OPERATING SUPPORT; FLX GIVES; COMMUNITY PET FOOD PANTRY | $74,417 |
Corning, NY PURPOSE: COUNCIL PROGRAMS | $53,146 |
Rochester, NY PURPOSE: GENERAL OPERATING SUPPORT; HOUSING ASSISTANCE; NUTRITION ASSISTANCE | $52,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Elmira Corning And The Finger Lakes has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Anne & Mike Ambrogi Family Foundation North Hampton, NH PURPOSE: PROGRAM SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $24,163,247 |
| Earnings | -$410,681 |
| Admin Expense | $37,266 |
| Net Contributions | $564,057 |
| Grants | $163,343 |
| Ending Balance | $24,116,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
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 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |