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Nonprofit · EIN 22-2447399

CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC

Tax-exempt · CORNING, NY 14830

Financials

$2.3M$3.2M2023$2.6M$3.2M2024
Revenue Expenses · by fiscal year end
Financials of CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,634,554$3,226,718-$592,164$27,199,131$16,318,924$10,880,207
December 31, 2023990$2,274,919$3,165,838-$890,919$27,885,373$16,459,647$11,425,726
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$338,426
Program service revenue
$1,221,806
Investment income
$851,070
Net rental income
$221,224
Net gain from sales of assets
$600,942
Net income from fundraising events
-$5,006
Other revenue
$223,252

Expenses

Grants and similar amounts paid
$274,539
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$4,700
Accounting fees
$63,955
Occupancy
$156,737
Depreciation
$826,877
Program services (functional)
$2,798,758
Management and general (functional)
$140,264
Fundraising (functional)
$287,696

Balance sheet and other

Total assets, start of year
$27,885,373
Total assets, end of year
$27,199,131
Total liabilities, end of year
$16,318,924
Net assets, end of year
$10,880,207
Land, buildings and equipment
$16,111,657
Publicly traded securities
$9,193,465
Net assets without donor restrictions
$3,773,563
Net assets with donor restrictions
$7,106,644
Gross receipts
$6,318,257
Employees
0
Volunteers
30
Year formed
1982
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR JOHN MARCHESEEXECUTIVE DIRECTOR
Officer
22.5$0$97,508$33,104
JILL KOSKIPRESIDENT
Trustee or director, Officer
0$0$0$0
KAMALA KEELEYSECRETARY
Trustee or director, Officer
0$0$0$0
ARTHUR BOEHMTREASURER
Trustee or director, Officer
0$0$0$0
RONALD ALLISONDIRECTOR
Trustee or director
0$0$0$0
FREDERICK ARCURIVICE PRESIDENT
Trustee or director, Officer
0$0$0$0
DOUGLAS COTTONDIRECTOR
Trustee or director
0$0$0$0
ANGELA HAWKENDIRECTOR
Trustee or director
0$0$0$0
MARK HUFNAGELDIRECTOR
Trustee or director
0$0$0$0
PHOEBE REYNOLDSDIRECTOR
Trustee or director
0$0$0$0
KAI D'ALLEVADIRECTOR
Trustee or director
0$0$0$0
MARY VOSBURGHDIRECTOR
Trustee or director
0$0$0$0
JENNIFER WARNERDIRECTOR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR JOHN MARCHESEEXECUTIVE DIRECTOR
Officer
22.5$0$94,571$32,693
JILL KOSKIPRESIDENT
Trustee or director, Officer
0$0$0$0
KAMALA KEELEYSECRETARY
Trustee or director, Officer
0$0$0$0
ARTHUR BOEHMTREASURER
Trustee or director, Officer
0$0$0$0
RONALD ALLISONDIRECTOR
Trustee or director
0$0$0$0
FREDERICK ARCURIVICE PRESIDENT
Trustee or director, Officer
0$0$0$0
DOUGLAS COTTONDIRECTOR
Trustee or director
0$0$0$0
FELISSA KOERNIGDIRECTOR
Trustee or director
0$0$0$0
JAMES JOHNSONDIRECTOR
Trustee or director
0$0$0$0
NANCY WIGHTMANDIRECTOR
Trustee or director
0$0$0$0
KAI D'ALLEVADIRECTOR
Trustee or director
0$0$0$0
MARY VOSBURGHDIRECTOR
Trustee or director
0$0$0$0
JENNIFER WARNERDIRECTOR
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
1 ACADEMIC DR, CORNING, NY 14830-3297
Principal officer (990 for 2024)
JILL KOSKI, 1 ACADEMIC DRIVE, CORNING, NY 148303297
Signed the 990
JILL KOSKI, PRESIDENT
Phone
(607) 962-9458
Return prepared by
EFPR ADVISORY LLC

Mission

TO SOLICIT, RECEIVE, AND MAINTAIN FUNDS IN ORDER TO CONTRIBUTE TO THE LONG-RANGE GOALS, OBJECTIVES, AND SUCCESS OF CORNING COMMUNITY COLLEGE.

990 for the year ended December 31, 2024

Program accomplishments

  • TO INITIATE AND OPERATE CLASS SPACE AND PROGRAMS FOR THE BENEFIT OF CORNING COMMUNITY COLLEGE. INCLUDES PERIODIC GRANTS DIRECTLY TO CORNING COMMUNITY COLLEGE AND TO STUDENTS.
    Expenses $856,165 · grants $274,539 · revenue $600,942
  • STUDENT HOUSING FACILITY: A 272-BED STUDENT HOUSING FACILITY TO PROVIDE RENTAL HOUSING TO STUDENTS AND OTHER PERSONS ENGAGED IN ACADEMIC PROGRAMS AT CORNING COMMUNITY COLLEGE
    Expenses $1,942,593 · revenue $812,132

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2447399
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B124)
Assets (IRS master file)
$27,199,131
Income (IRS master file)
$6,318,257

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,634,554$3,226,718$27,199,131IRS
990December 2023$2,274,919$3,165,838$27,885,373XML
990December 2022$8,645,207$3,176,696$28,158,741IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 22-2447399).

Questions about CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC

What is the EIN of CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC is 22-2447399.
Is CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC 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 CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC 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 CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JILL KOSKI.
Who are the officers and directors of CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does CORNING COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,634,554, expenses of $3,226,718 and total assets of $27,199,131 at year end.

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