Nonprofit · EIN 16-1561037
CORTLAND COMMUNITY FOUNDATION
Tax-exempt · CORTLAND, NY 13045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $855,705 | $796,690 | $59,015 | $1,675,375 | $11,215 | $1,664,160 |
| December 31, 2023 | 990 | $527,578 | $650,308 | -$122,730 | $1,495,481 | $275 | $1,495,206 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $795,459
- Program service revenue
- $0
- Investment income
- $60,246
- Net gain from sales of assets
- $15,437
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $748,912
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,200
- Depreciation
- $1,853
- Program services (functional)
- $748,912
- Management and general (functional)
- $47,778
Balance sheet and other
- Total assets, start of year
- $1,495,481
- Total assets, end of year
- $1,675,375
- Total liabilities, end of year
- $11,215
- Net assets, end of year
- $1,664,160
- Publicly traded securities
- $1,612,344
- Net assets without donor restrictions
- $1,612,906
- Net assets with donor restrictions
- $51,254
- Gross receipts
- $1,102,185
- Employees
- 0
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Franco | Vice President Trustee or director, Officer | 1 | $0 |
| THOMAS E GALLAGHER | President Trustee or director, Officer | 1 | $0 |
| John Reagan | Director Trustee or director | 1 | $0 |
| John Whittleton | Director Trustee or director | 1 | $0 |
| Katherine Compagni | Director Trustee or director | 1 | $0 |
| Mark Masler | Director Trustee or director | 1 | $0 |
| John Poli | Director Trustee or director | 1 | $0 |
| Lisa Hoeschele | Director Trustee or director | 1 | $0 |
| Kathie O'Mara | Director Trustee or director | 1 | $0 |
| Pat Ryan | Treasurer Trustee or director, Officer | 1 | $0 |
| Jackie McCloskey | EXEC DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephen Franco | Vice President Trustee or director, Officer | 0 | $0 |
| THOMAS E GALLAGHER | President Trustee or director, Officer | 0 | $0 |
| John Reagan | Director Trustee or director | 0 | $0 |
| John Whittleton | Director Trustee or director | 0 | $0 |
| Katherine Compagni | Director Trustee or director | 0 | $0 |
| Mark Masler | Director Trustee or director | 0 | $0 |
| John Poli | Director Trustee or director | 0 | $0 |
| Lisa Hoeschele | Director Trustee or director | 0 | $0 |
| Kathie O'Mara | Director Trustee or director | 0 | $0 |
| Pat Ryan | Treasurer Trustee or director, Officer | 0 | $0 |
| Jackie McCloskey | EXEC DIRECTOR Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 466, CORTLAND, NY 13045-0466
- Signed the 990
- THOMAS E GALLAGHER, President
- Phone
- (607) 758-9553
- Return prepared by
- Port Kashdin & McSherry CPAs
Mission
The Foundation's major purpose is to provide grants and contributions for civic, educational and charitable programs, and for community development and low cost housing initiatives within the local community of Cortland, New York.
Program accomplishments
- The Foundation's major purpose is to provide grants and contributions for civic, educational and charitable programs, and for community development and low cost housing initiatives within the local community of Cortland, New York.Expenses $748,912 · grants $748,912
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1561037
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $1,675,375
- Income (IRS master file)
- $1,102,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $855,705 | $796,690 | $1,675,375 | XML |
| 990 | December 2023 | $527,578 | $650,308 | $1,495,481 | XML |
| 990 | December 2022 | $620,901 | $622,238 | $1,404,387 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1561037).
Questions about CORTLAND COMMUNITY FOUNDATION
- What is the EIN of CORTLAND COMMUNITY FOUNDATION?
- The employer identification number (EIN) of CORTLAND COMMUNITY FOUNDATION is 16-1561037.
- Is CORTLAND COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to CORTLAND COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORTLAND COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORTLAND COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORTLAND COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of CORTLAND COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does CORTLAND COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $855,705, expenses of $796,690 and total assets of $1,675,375 at year end.
Other nonprofits in CORTLAND
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- HOSPICE FOUNDATION OF CORTLAND COUNTY INC EIN 16-1468911 · last filed 990 for 2025
- CORTLAND COMMUNITY SERVICE CLUB INC EIN 20-0809584 · last filed 990-N for 2024
- YAMAN FOUNDATION EIN 16-1571985 · last filed 990-PF for 2025
- CORTLAND PUBLIC EDUCATION FOUNDATION INCORPORATED EIN 57-1215619 · last filed 990-N for 2024
- GUTHRIE CORTLAND MEDICAL CENTER EIN 15-0532079 · last filed 990 for 2025
- J M MURRAY CENTER INC EIN 16-0919050 · last filed 990 for 2024
- AUXILIARY SERVICES CORPORATION OF SUNY CORTLAND EIN 15-0548524 · last filed 990 for 2025
All nonprofits in CORTLAND · New York · Philanthropy, voluntarism and grantmaking foundations