Capital Communications Cares Foundation
- Assets
- $456.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 54-2071140
Organization Overview
Capital Communications Cares Foundation is located in Albany, NY. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Capital Communications Cares Foundation 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, Capital Communications Cares Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $976.6k during the year ending 12/2021. While expenses have increased by 18.7% 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 2016, Capital Communications Cares Foundation has awarded 139 individual grants totaling $2,233,142. 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
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT FOR EDUCATION ENDEAVORS, COMMUNITY ENRICHMENT AND CHILDRENS' CAUSES WITHIN THE CAPITAL DISTRICT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH & WELLNESS PROGRAM. THE ORGANIZATION SUPPORTS CHARITIES THAT WORK TO FIND CURES FOR DISEASES, CARE FOR THE SICK, THE DISABLED, AND THE ELDERLY. IT SUPPORTS COMMUNITY FOOD PANTRIES, LOCAL LIBRARIES, AND ARTS ORGANIZATIONS.
CHILDREN & FAMILY SERVICES PROGRAM. THE ORGANIZATION SUPPORTS VARIOUS LOCAL PROGRAMS THAT SUPPORT YOUTH IN-NEED AND HOMELESS POPULATIONS. IT FUNDS PROGRAMS THAT ENCOURANGE COMMUNITY YOUTH TO LEARN AND GROW.
EDUCATIONAL ENDEAVORS. THE ORGANIZATION SUPPORTS PROGRAMS THAT PROVIDE STUDENTS IN LOCAL SCHOOL DISTRICTS WITH JOB TRAINING,TEST PREPARATION, AND ALSO FUNDS LOCAL SCHOLARSHIPS FOR STUDENTS.THESE ALSO INCLUDE COLLEGE SCHOLARSHIPS PAID UNDER THE NAME OF THE ANTHONY CELESTE MEMORIAL SCHOLARSHIP AND THE E. DAVIS SCHOLARSHIPS. THE AMOUNTS AWARDED IN THEIR NAMES FOR 2020 WERE $10,000 AND $50,000, RESPECTIVELY. ONCE THE RECIPIENT AND THEIR COLLEGE OF CHOICE HAS BEEN DETERMINED, THE FOUNDATION REMITS THE FUNDS DIRECTLY TO THE COLLEGE ON THE RECIPIENT'S BEHALF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Daniels Vice Chair | OfficerTrustee | 20 | $0 |
Sharon Phillips Secretary | OfficerTrustee | 2 | $0 |
David J Jurczynski Treasurer | OfficerTrustee | 4 | $0 |
Chris Mckenna Chairman | OfficerTrustee | 4 | $0 |
Patrick Kelly Director | Trustee | 2 | $0 |
Susan R Fogarty Director | Trustee | 4 | $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 | $711,801 |
| Noncash contributions included in lines 1a–1f | $22,011 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,801 |
| Total Program Service Revenue | $0 |
| Investment income | $873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $195,161 |
| Net Income from Gaming Activities | $97,596 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $931,784 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,538 |
| Advertising and promotion | $0 |
| Office expenses | $399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,125 |
| All other expenses | $0 |
| Total functional expenses | $976,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,018 |
| 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 | $749 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,210 |
| Accounts payable and accrued expenses | $46,504 |
| Grants payable | $225,115 |
| 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 | $0 |
| Total liabilities | $271,619 |
| Net assets without donor restrictions | $0 |
| 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 | $184,591 |
| Total liabilities and net assets/fund balances | $456,210 |
Grants Awarded
Over the last fiscal year, Capital Communications Cares Foundation has awarded $688,449 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ED DAVIS SCHOLARSHIPS PURPOSE: INDIVIDUAL SCHOLARSHIPS | $50,000 |
Albany, NY PURPOSE: GENERAL SUPPORT | $35,500 |
Wynantskill, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Schenectady, NY PURPOSE: GENERAL SUPPORT | $25,699 |
Albany, NY PURPOSE: GENERAL SUPPORT | $25,000 |
ALBANY CITY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $21,754 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capital Communications Cares Foundation has recieved totaling $20,045.
| Awarding Organization | Amount |
|---|---|
Sefcu Foundation Albany, NY PURPOSE: FOOD PANTRY PROGRAM | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |