Nccc Foundation INC FY2021 filing

Tax-deductible

Sanborn, NY501(c)(3)EIN 16-1315885Revenue $1.7M in FY2021

On file with the IRSniagaracc.suny.edu/foundation3111 Saunders Settlement Road, 14132-9506 · Sanborn, NYTax-exempt since Jun 1992Publicly supported charity — 170(b)(1)(A)(vi)

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The Nccc Foundation was established in 1987 as a non-profit corporation to solicit, accept, manage, invest and distribute contributions and earnings. The Foundation is dedicated to the pursuit of excellence in education through the advancement of academic, cultural and social experiences for the students, faculty and community served by niagara county community college.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $484K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$2.0M
To programs
88%
Net assets
$15.2M
By yearFY2021–FY2025
Revenue
$1.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$1.5M
FY2023$1.2M
FY2024$1.9M
FY2025$2.6M
Expenses
$2.0M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.0M
FY2022$796K
FY2023$1.0M
FY2024$1.8M
FY2025$900K
Net assets
$15.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$15.2M
FY2022$13.9M
FY2023$15.1M
FY2024$16.7M
FY2025$18.1M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.7M Management & general 7% · $132K Fundraising 5% · $97K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Nccc Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and distributes funds to advance education and student experiences at Niagara County Community College.

Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2020
01

Donations received that were restricted by the donors for the culinary institute and other college programs and are transferred to niagara county community college for those purposes.

$1.6Mprogram expense
02

Scholarships are awarded to students of niagara county community college based upon specified criteria from the donor AND/OR other established restrictions. There are currently approximately 60 different scholarships.

$188Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$17K
Grants paid · 5 grants · $1.1M · 2020–2024
Unitemized GrantFY2024$285,570
Unitemized GrantFY2023$254,206
Unitemized GrantFY2022$212,193
Unitemized GrantFY2021$209,503
Unitemized GrantFY2020$187,584

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$1.1M
Gifts and grantsLn 1h$479K
Other incomeLn 4–11$157K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.7M
Managementcol C$132K
Fundraisingcol D$97K
Owns and owesPt X
$15.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$15.3M
LiabilitiesLn 26$27K
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$479K
Investment incomeLn 3$1.1M
Other incomeLn 4–11$157K
Gains on assetsLn 7$917K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$569K
SavingsLn 2$715K
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$12.5M
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$15.3M
LiabilitiesLn 26$27K
Net assetsLn 32$15.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$968K$1.3M
InvestmentsLn 11–13$11.9M$12.5M
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$14.6M$15.3M
LiabilitiesLn 26$43K$27K
Net assetsLn 32$14.5M$15.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$188K$188K
Other salaries and wagesLn 7$211K$58K$62K$91K
Investment management feesLn 11f$59K$59K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$5K$1K$717$3K
Payments to affiliatesLn 21$1.5M$1.5M
Other expenses (24a–d)Ln 24$12K$8K$1K$3K
Total functional expensesLn 25$2.0M$1.7M$132K$97K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$900K$1.7M$18.1M 990 PDF
FY2024 $1.9M$1.8M$69K$16.7M 990 PDF
FY2023 $1.2M$1.0M$136K$15.1M 990 PDF
FY2022 $1.5M$796K$746K$13.9M 990 PDF
FY2021 Viewing $1.7M$2.0M−$245K$15.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,726,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $456,132$479,476
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $488,933$1,090,465
I-11 Other revenuePrior year $280,851$156,868
I-12 Total revenuePrior year $1,225,916$1,726,809
I-13 Grants and similar amounts paidPrior year $181,140$187,584
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $218,668$210,837
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $871,405$1,572,913
I-18 Total expensesPrior year $1,271,213$1,971,334
I-19 Revenue less expensesPrior year −$45,297−$244,525
Part VI · Governance 27 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,726,809 across 8 lines filed
VIII-1f All other contributions, gifts and grants$479,476
VIII-1h Total contributions, gifts and grants$479,476
VIII-3 Investment incomeExcluded from tax $173,758$173,758
VIII-6 Net rental income or lossRelated to mission $71,658$71,658
VIII-7 Net gain or loss on sales of assetsRelated to mission $916,707$916,707
VIII-8 Net income from fundraising eventsExcluded from tax −$5,749−$5,749
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $90,959$90,959
VIII-12 Total revenueRelated to mission $1,079,324 · Unrelated business $0 · Excluded from tax $168,009$1,726,809
Part IX · Statement of functional expenses $1,971,334 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $187,584$187,584
IX-7 Other salaries and wagesPrograms $57,972 · Management $61,699 · Fundraising $91,166$210,837
IX-11f Investment management feesManagement $59,184$59,184
IX-11g Other fees for servicesManagement $9,325$9,325
IX-13 Office expensesPrograms $1,079 · Management $717 · Fundraising $3,239$5,035
IX-21 Payments to affiliatesPrograms $1,487,504$1,487,504
IX-24 Other expenses (24a–d)Programs $8,218 · Management $1,032 · Fundraising $2,615$11,865
IX-25 Total functional expensesPrograms $1,742,357 · Management $131,957 · Fundraising $97,020$1,971,334
Part X · Balance sheet $15,264,737 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $299,621$568,542
X-2 Savings and temporary cash investmentsStart of year $668,212$714,647
X-3 Pledges and grants receivableStart of year $213,163$90,289
X-10c Land, buildings and equipment, netStart of year $1,452,037$1,414,592
X-12 Other securitiesStart of year $11,936,141$12,476,667
X-16 Total assetsStart of year $14,569,174$15,264,737
X-17 Accounts payable and accrued expensesStart of year $34,468$18,853
X-19 Deferred revenueStart of year $8,291$8,393
X-26 Total liabilitiesStart of year $42,759$27,246
X-27 Net assets without donor restrictionsStart of year $5,562,299$5,281,344
X-28 Net assets with donor restrictionsStart of year $8,964,116$9,956,147
X-32 Total net assets or fund balancesStart of year $14,526,415$15,237,491
X-33 Total liabilities and net assetsStart of year $14,569,174$15,264,737
Part XI · Reconciliation of net assets $15,237,491 net assets at year end
XI-1 Total revenue$1,726,809
XI-2 Total expenses$1,971,334
XI-3 Revenue less expenses−$244,525
XI-4 Net assets at start of year$14,526,415
XI-5 Net unrealized gains (losses) on investments$955,601
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,237,491

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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