Erie Community Foundation
- Assets
- $259.1m
- Revenue
- $27.8m
- Investments
- $115.3m
- Employees
- 20
- Location
- Erie, PA
- Founding
- 03/1959
- Data as of
- 12/2019
- EIN
- 25-6032032
Organization Overview
Erie Community Foundation is located in Erie, PA. The organization was established in 1959. 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 12/2019, Erie Community Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Erie Community Foundation generated $27.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $25.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Erie Community Foundation has awarded 1,307 individual grants totaling $87,398,095. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ERIE COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY OF LIFE FOR ALL IN OUR REGION BY EVALUATING AND ADDRESSING COMMUNITY ISSUES, BUILDING PERMANENT CHARITABLE ENDOWMENTS, AND BY PROMOTING PHILANTHROPIC AND COMMUNITY LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ERIE COMMUNITY FOUNDATION (FOUNDATION) IS A PUBLIC CHARITY PRIMARILY SERVING DONORS AND THE NONPROFIT SECTOR IN ERIE COUNTY, PENNSYLVANIA. THE FOUNDATION ENCOURAGES THE ESTABLISHMENT OF NEW CHARITABLE ENDOWMENT FUNDS AND PROVIDES COMPETITIVE, DONOR-ADVISED DESIGNATED AND SCHOLARSHIP GRANTS TO ARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, HEALTH, NEIGHBORHOOD REVITALIZATION AND HUMAN SERVICE ORGANIZATIONS. THE FOUNDATION ALSO PROVIDES A DONOR EDUCATION PROGRAM. SUBSTANTIALLY ALL CONTRIBUTIONS RECEIVED ARE FROM INDIVIDUALS WITH TIES TO ERIE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Batchelor President | OfficerTrustee | 50 | $272,791 |
Barbara Sambroak Treasurer, VP Of Finance | Officer | 50 | $124,372 |
Marcus Atkinson Secretary | OfficerTrustee | 5 | $0 |
Timothy Hunter Chairman | OfficerTrustee | 5 | $0 |
William Hilbert Jr Trustee | Trustee | 1 | $0 |
Sarah Hagen Mcwilliams Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Custodial Fees | 12/30/19 | $148,792 |
Cambridge Associates Llc Investment Consulting | 12/30/19 | $193,971 |
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 | $20,626,293 |
| Noncash contributions included in lines 1a–1f | $8,843,486 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,626,293 |
| Total Program Service Revenue | $277,879 |
| Investment income | $3,677,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,193,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,775,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,805,469 |
| Grants and other assistance to domestic individuals. | $656,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $531,150 |
| Compensation of current officers, directors, key employees. | $188,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,866 |
| Pension plan accruals and contributions | $54,454 |
| Other employee benefits | $173,621 |
| Payroll taxes | $85,315 |
| Fees for services: Management | $8,905 |
| Fees for services: Legal | $9,533 |
| Fees for services: Accounting | $81,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,389,510 |
| Fees for services: Other | $0 |
| Advertising and promotion | $128,094 |
| Office expenses | $40,916 |
| Information technology | $56,996 |
| Royalties | $0 |
| Occupancy | $71,153 |
| Travel | $2,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,263 |
| Interest | $500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,283 |
| Insurance | $25,213 |
| All other expenses | $0 |
| Total functional expenses | $25,390,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,857,443 |
| 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 | $65,183 |
| Net Land, buildings, and equipment | $2,549,092 |
| Investments—publicly traded securities | $137,675,294 |
| Investments—other securities | $115,337,858 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $638,618 |
| Total assets | $259,123,488 |
| Accounts payable and accrued expenses | $559,645 |
| Grants payable | $4,977,492 |
| 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 | $1,672,324 |
| Total liabilities | $7,209,461 |
| Net assets without donor restrictions | $251,470,857 |
| Net assets with donor restrictions | $443,170 |
| 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 | $259,123,488 |
Grants Awarded
Over the last fiscal year, Erie Community Foundation has awarded $17,361,511 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
Erie, PA PURPOSE: VARIOUS PROJECTS | $5,076,478 |
Erie, PA PURPOSE: VARIOUS PROJECTS | $1,084,675 |
Erie, PA PURPOSE: VARIOUS PROJECTS | $836,670 |
Erie, PA PURPOSE: VARIOUS PROJECTS | $359,506 |
EMPOWER ERIE PURPOSE: VARIOUS PROJECTS | $355,240 |
Erie, PA PURPOSE: VARIOUS PROJECTS | $286,631 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Erie Community Foundation has recieved totaling $189,621.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,266 |
Jeff And Sandy Wycoff Lang Foundation Harwich Port, MA PURPOSE: CHARITABLE | $50,000 |
Jeff And Sandy Wycoff Lang Foundation Harwich Port, MA PURPOSE: CHARITABLE | $50,000 |
United Way Of Erie County Erie, PA PURPOSE: POC/DD | $25,115 |
Raymond C And Maureen K Dee Foundation Inc Florham Park, NJ PURPOSE: GENERAL OPERATIONS | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,875 |
Endowment Analysis
| Beg. Balance | $213,776,727 |
| Earnings | $38,111,341 |
| Admin Expense | $1,686,070 |
| Net Contributions | $13,854,810 |
| Other Expense | $1,392,382 |
| Grants | $15,209,075 |
| Ending Balance | $247,455,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The City Of New York Inc New York, NY | $150,667,930 | $97,537,375 |
Greater Cincinnati Foundation Cincinnati, OH | $736,269,474 | $137,413,135 |
Pittsburgh Foundation Pittsburgh, PA | $1,226,779,411 | $88,473,154 |
Community Foundation Of New Jersey Morristown, NJ | $530,172,076 | $121,914,293 |
Dayton Foundation Dayton, OH | $476,689,140 | $65,647,739 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $567,602,647 | $60,605,250 |
Philadelphia Foundation Philadelphia, PA | $414,429,037 | $79,448,283 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $26,629,624 | $39,688,864 |
Dayton Foundation Depository Dayton, OH | $35,280,214 | $30,358,874 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $359,660,040 | $29,115,427 |
Catholic Charities Of Buffalo Buffalo, NY | $40,602,638 | $30,165,350 |
Rochester Area Community Foundation Rochester, NY | $325,660,276 | $37,972,503 |