Broome County Community Charities Inc
- Assets
- $1.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Endicott, NY
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 23-7379949
Organization Overview
Broome County Community Charities Inc is located in Endicott, NY. The organization was established in 1974. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Broome County Community Charities Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broome County Community Charities 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, Broome County Community Charities Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Broome County Community Charities Inc has awarded 105 individual grants totaling $3,038,411. 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 RAISE FUNDS TO PROMOTE ARTISTIC, MEDICAL AND OTHER CHARITABLE FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS A CHAMPIONSHIP GOLF TOURNAMENT, WHICH IS A SENIOR PGA TOUR EVENT, AS A MEANS OF GENERATING FUNDS TO DONATE TO LOCAL HOSPITALS, VARIOUS CULTURAL & YOUTH ORIENTED PROGRAMS AND TO GIVE GRANTS TO AID IN THE DEVELOPMENT OF COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Karedes Exective Director | Officer | 40 | $205,918 |
Glenn Small Treasurer | OfficerTrustee | 1 | $0 |
Gerald Putman Vice President | OfficerTrustee | 1 | $0 |
Albert Nocciolino President | OfficerTrustee | 1 | $0 |
Nancy Phillips Secretary | OfficerTrustee | 1 | $0 |
James Brunner Director | 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 | $369,714 |
| Noncash contributions included in lines 1a–1f | $113,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,714 |
| Total Program Service Revenue | $3,073,980 |
| Investment income | $9,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,593,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $353,883 |
| 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. | $205,918 |
| Compensation of current officers, directors, key employees. | $205,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $302,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,197 |
| Payroll taxes | $35,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,881 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,690 |
| Office expenses | $17,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,380 |
| Travel | $41,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,440 |
| Insurance | $2,008 |
| All other expenses | $92,127 |
| Total functional expenses | $3,206,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,792 |
| Savings and temporary cash investments | $67,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,800 |
| 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 | $8,320 |
| Net Land, buildings, and equipment | $257,435 |
| Investments—publicly traded securities | $383,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,387 |
| Total assets | $1,256,138 |
| Accounts payable and accrued expenses | $18,293 |
| Grants payable | $0 |
| Deferred revenue | $177,638 |
| 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 | $195,931 |
| Net assets without donor restrictions | $1,060,207 |
| Net assets with donor restrictions | $0 |
| 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 | $1,256,138 |
Grants Awarded
Over the last fiscal year, Broome County Community Charities Inc has awarded $242,285 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Coraopolis, PA PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
Binghamton, NY PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
St Louis, MO PURPOSE: CHARITABLE CONTRIBUTION | $45,000 |
WEST CORNERS LIONS CLUB PURPOSE: CHARITABLE CONTRIBUTION | $23,085 |
Vestal, NY PURPOSE: CHARITABLE CONTRIBUTION | $9,200 |
CHARLES F JOHNSON PTA PURPOSE: CHARITABLE CONTRIBUTION | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Broome County Community Charities Inc has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |