Nonprofit · EIN 23-7392114
CANTON COLLEGE FOUNDATION INC
Tax-exempt · CANTON, NY 13617
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,045,309 | $4,509,866 | $1,535,443 | $45,453,705 | $21,187,384 | $24,266,321 |
| June 30, 2024 | 990 | $5,764,697 | $4,449,903 | $1,314,794 | $43,741,795 | $22,058,031 | $21,683,764 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,582,319
- Membership dues
- $68,864
- Program service revenue
- $3,162,851
- Investment income
- $1,287,449
- Net gain from sales of assets
- $568,360
- Net income from fundraising events
- $12,690
- Other revenue
- $12,690
Expenses
- Grants and similar amounts paid
- $1,294,330
- Other salaries and wages
- $866,342
- Salaries, compensation and benefits (total)
- $992,586
- Professional fundraising fees
- $0
- Occupancy
- $415,651
- Travel
- $32,976
- Depreciation
- $516,949
- Program services (functional)
- $4,034,129
- Management and general (functional)
- $310,456
- Fundraising (functional)
- $165,281
Balance sheet and other
- Total assets, start of year
- $43,741,795
- Total assets, end of year
- $45,453,705
- Total liabilities, end of year
- $21,187,384
- Net assets, end of year
- $24,266,321
- Land, buildings and equipment
- $16,226,563
- Publicly traded securities
- $23,164,710
- Net assets without donor restrictions
- $3,330,190
- Net assets with donor restrictions
- $20,936,131
- Gross receipts
- $8,304,612
- Employees
- 32
- Volunteers
- 50
- Year formed
- 1973
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR ZVI SZAFRAN | CAMPUS PRESIDENT Trustee or director, Officer | 1 | $0 | $300,179 | $191,963 |
| SHAWN K MILLER | DIRECTOR Trustee or director | 1 | $0 | $185,612 | $118,699 |
| TRACEY THOMPSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 10 | $30,392 | $146,209 | $97,457 |
| DR ADRIENNE C RYGEL | DIRECTOR Trustee or director | 1 | $0 | $98,311 | $62,871 |
| PRISCILLA COLLINS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $91,561 | $58,553 |
| LISA DONNELLY | DIRECTOR OF FINANCIAL OPER Highest-paid employee | 40 | $107,801 | $0 | $17,182 |
| COREY JORDAN | DIRECTOR Trustee or director | 1 | $0 | $92,363 | $19,620 |
| BERNARD C REGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE C WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LAURA E ROZELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR D ANTHONY BEANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMARA R BULLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOAN M EURTO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL G FAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE D GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER J HAIG | DIRECTOR Trustee or director | 1 | $0 |
| MARTI K MACARTHUR | DIRECTOR Trustee or director | 1 | $0 |
| JOHN G MAINES | DIRECTOR Trustee or director | 1 | $0 |
| ORNELLA T PARKER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD S PATRI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL QUENNEVILLE | DIRECTOR Trustee or director | 1 | $0 |
| JON A RICHARDSON | DIRECTOR Trustee or director | 1 | $0 |
| KEITH ROSSER | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SPELLACY | DIRECTOR Trustee or director | 1 | $0 |
| CARL W TRAINOR | DIRECTOR Trustee or director | 1 | $0 |
| ROSELLA TODD VALENTINE | DIRECTOR Trustee or director | 1 | $0 |
| GRACE E VESPER | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS V WALSH | DIRECTOR Trustee or director | 1 | $0 |
| GUILFORD D WHITE | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS WOODSIDE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BERMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE FASSINGER | DIRECTOR Trustee or director | 1 | $0 |
| DONALD GARRETT | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS RYAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DOUGLAS ZEIF | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE HAUSLADEN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN LAW | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR ZVI SZAFRAN | CAMPUS PRESIDENT Trustee or director, Officer | 1 | $0 | $300,832 | $201,708 |
| SHAWN K MILLER | DIRECTOR Trustee or director | 1 | $0 | $169,632 | $113,738 |
| TRACEY L THOMPSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $33,393 | $110,244 | $78,496 |
| DR ADRIENNE C RYGEL | DIRECTOR Trustee or director | 1 | $0 | $105,840 | $70,966 |
| PRISCILLA COLLINS | SECRETARY Trustee or director, Officer | 1 | $0 | $78,836 | $52,860 |
| LISA DONNELLY | DIRECTOR OF FINANCIAL OPERATIONS Highest-paid employee | 40 | $102,222 | $0 | $14,752 |
| BERNARD C REGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE C WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LAURA E ROZELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR D ANTHONY BEANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TAMARA R BULLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOAN M EURTO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL G FAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE D GRAY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WALTER J HAIG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTI K MACARTHUR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN G MAINES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ORNELLA T PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD S PATRI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL QUENNEVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JON A RICHARDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH ROSSER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN SPELLACY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL W TRAINOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROSELLA TODD VALENTINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GRACE E VESPER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS V WALSH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GUILFORD D WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS WOODSIDE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE FASSINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONALD GARRETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DOUGLAS ZEIF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 34 CORNELL DR, CANTON, NY 13617-1037
- Principal officer (990 for 2024)
- GEOFFREY VANDERWOUDE, 34 CORNELL DRIVE, CANTON, NY 13617
- Signed the 990
- TRACEY THOMPSON, EXECUTIVE DIRECTOR
- Phone
- (315) 386-7127
- Return prepared by
- BOWERS & COMPANY CPAS PLLC
Mission
THE CANTON FOUNDATION WAS FORMED IN 1973 TO PROVIDE FINANCIAL SUPPORT TO THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS, SUPPORTS FACULTY AND STAFF DEVELOPMENT, AND PROMOTES CAMPUS ENHANCEMENT PROJECTS.
Program accomplishments
- REAL PROPERTY MANAGEMENT - CANTON COLLEGE FOUNDATION IS SOLE OWNER OF GRASSE RIVER, LLC, HEMLOCK ACRES, LLC, ROO RIVER WOODS, LLC, AND ADIRONDACK ROO, LLC. THE PRIMARY PURPOSE OF THESE ORGANIZATIONS IS TO ACQUIRE, MAINTAIN, AND MANAGE REAL PROPERTY FOR THE BENEFIT OF THE COLLEGE. RENTAL REVENUES AND RELATED EXPENSES ARE FROM STUDENT HOUSING DEVELOPED AND MANAGED BY GRASSE RIVER, LLC.Expenses $2,208,295 · revenue $3,146,614
- SEE SCHEDULE OExpenses $1,825,834 · grants $1,294,330 · revenue $15,064
- CANTON COLLEGE FOUNDATION, INC. PROVIDES EMERGENCY STUDENT LOANS OF A MAXIMUM OF $400 PER LOAN TO STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT CANTON. THE CRITERIA FOR OBTAINING THESE LOANS IS DEMONSTRATED NEED AND AVAILABLE FUTURE FUNDS RECEIVABLE BY THE FINANCIAL AID OFFICE AT SUNY CANTON. THESE LOANS ARE REPAID TO CANTON COLLEGE FOUNDATION BY SUNY CANTON UPON RECEIPT BY SUNY CANTON OF FINANCIAL AID OR OTHER FUNDS ON BEHALF OF THE STUDENT. CANTON COLLEGE FOUNDATION, INC. CHARGES THE STUDENT A SMALL PROCESSING FEE PER LOAN FOR THIS SERVICE.revenue $1,173
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7392114
- 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
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,453,705
- Income (IRS master file)
- $8,304,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,045,309 | $4,509,866 | $45,453,705 | IRS |
| 990 | June 2024 | $5,764,697 | $4,449,903 | $43,741,795 | XML |
| 990 | June 2023 | $5,163,091 | $4,493,390 | $42,332,952 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-7392114).
Questions about CANTON COLLEGE FOUNDATION INC
- What is the EIN of CANTON COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of CANTON COLLEGE FOUNDATION INC is 23-7392114.
- Is CANTON COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to CANTON COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CANTON COLLEGE 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 CANTON COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CANTON COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CANTON COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names GEOFFREY VANDERWOUDE.
- Who are the officers and directors of CANTON COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 37 people; 2 received compensation from the organization.
- How much revenue does CANTON COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,045,309, expenses of $4,509,866 and total assets of $45,453,705 at year end.
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