Onondaga Community College Foundation Inc

Organization Overview

Onondaga Community College Foundation Inc is located in Syracuse, NY. The organization was established in 1985. 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. Onondaga 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 08/2021, Onondaga Community College Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE, ADMINISTER & INVEST FUNDS FOR THE BENEFIT OF ONONDAGA COMMUNITY COLLEGE AND ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING ONONDAGA COMMUNITY COLLEGE IS THE LARGEST PROGRAM SERVICE. APPROXIMATELY 559 SCHOLARSHIPS AND ACADEMIC SUPPORT WERE AWARDED FOR THE 2020-21 FISCAL YEAR. THESE AWARDS ARE DISTRIBUTED IN VARYING AMOUNTS BASED ON STUDENT NEED, MERIT AND/OR THE STUDENT'S FIELD OF STUDY. ACADEMIC SUPPORT IS THE NEXT LARGEST PROGRAM. THIS SUPPORTS STUDENTS WITH VARIOUS FUNDING NEEDS INCLUDING TUITION SUPPORT, WORKFORCE PROGRAM AWARDS, PHI THETA KAPPA HONOR SOCIETY DUES & REGALIA, AND ACADEMIC RESEARCH PRESENTATIONS BY STUDENTS. STUDENT SUPPORT OTHER IS THE THIRD LARGEST PROGRAM. THIS PROGRAMMING SUPPORTS THE COMMUNITY CARE HUB WHICH SERVICES STUDENT EMERGENCY NEEDS, CAREER SERVICES PROGRAMMING FOR STUDENTS, AND A NUMBER OF IMPORTANT INITIATIVES THAT SUPPORT THE MISSION OF OCC. ONONDAGA COMMUNITY COLLEGE FOUNDATION IS INVESTING IN THE STUDENT, AND PARTNERING WITH EACH STUDENT TO MOVE THEIR SUCCESS FORWARD SO THAT STUDENTS HAVE THE POWER TO CHANGE THEIR LIVES & THEIR COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Dennis Hebert
Chair
$0
Alicia Calagiovanni
Vice Chair
$0
Alexander Henn
Treasurer
$0
Nancy Bottar
Secretary
$0
Sandra Baker
Immediate Past Chair
$0
Casey Crabill
College President
$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$599,832
Noncash contributions included in lines 1a–1f $11,826
Total Revenue from Contributions, Gifts, Grants & Similar$599,832
Total Program Service Revenue$0
Investment income $632,529
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $131,697
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,364,058

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Onondaga Community College Foundation Inc has recieved totaling $81,058.

Awarding OrganizationAmount
Slutzker Family Foundation

Fayetteville, NY

PURPOSE: TO RAISE, ADMINISTER & INVEST FUNDS FOR THE BENEFIT OF ONONDAGA COMMUNITY COLLEGE AND ITS STUDENTS TO SUPPORT THE SCHOOL'S PROGRAMS AND SERVICES..

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$20,070
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$10,000
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 05/14/21

$500
Equitable Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$397
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$91
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,333,164
Earnings$1,212,789
Net Contributions$573,938
Grants$1,108
Ending Balance$13,118,783

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