Nonprofit · EIN 83-2461822
CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,306,503 | $1,026,158 | $4,280,345 | $93,446,569 | $0 | $93,446,569 |
| June 30, 2024 | 990 | $4,360,599 | $512,981 | $3,847,618 | $87,818,219 | $0 | $87,818,219 |
| June 30, 2023 | 990 | $3,527,277 | $351 | $3,526,926 | $83,410,404 | $0 | $83,410,404 |
| June 30, 2022 | 990 (amended) | $0 | $1,859 | -$1,859 | $79,945,720 | $0 | $79,945,720 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,053,093
- Program service revenue
- $0
- Investment income
- $2,253,410
- Net gain from sales of assets
- $1,897,855
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $837,215
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,700
- Program services (functional)
- $837,215
- Management and general (functional)
- $188,943
Balance sheet and other
- Total assets, start of year
- $87,818,219
- Total assets, end of year
- $93,446,569
- Total liabilities, end of year
- $0
- Net assets, end of year
- $93,446,569
- Net assets with donor restrictions
- $93,446,569
- Gross receipts
- $5,967,497
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2017
- 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 |
|---|---|---|---|---|---|
| MICHELLE BENEDICT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $316,723 | $45,910 |
| NELSON SCHAENEN JR | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| THOMAS T GROOS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| H FISK JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHERINE ML JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE BENEDICT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $299,961 | $43,576 |
| NELSON SCHAENEN JR | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| THOMAS T GROOS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| H FISK JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHERINE ML JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE BENEDICT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $283,749 | $44,634 |
| NELSON SCHAENEN JR | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| THOMAS T GROOS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| H FISK JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHERINE ML JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2022: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE BENEDICT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $271,984 | $47,867 |
| NELSON SCHAENEN JR | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| THOMAS T GROOS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| H FISK JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHERINE ML JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 130 E SENECA ST STE 400, ITHACA, NY 14850-4378
- In care of
- % XUAN SUE T TRAN
- Principal officer (990 for 2024)
- NELSON SCHAENEN JR, 130 E SENECA STREET 400, ITHACA, NY 14850
- Signed the 990
- MICHELLE BENEDICT, SECRETARY
- Phone
- (607) 254-1550
- Return prepared by
- INSERO ADVISORS LLC
Mission
TO SUPPORT, ADVANCE, ENCOURAGE AND PROMOTE THE ACTIVITIES OF THE SC JOHNSON COLLEGE OF BUSINESS AND THE INDIVIDUAL SCHOOLS OPERATING THEREUNDER
Program accomplishments
- TO SUPPORT, ADVANCE, ENCOURAGE AND PROMOTE THE ACTIVITIES OF THE SC JOHNSON COLLEGE OF BUSINESS AND THE INDIVIDUAL SCHOOLS OPERATING THEREUNDERExpenses $837,215 · grants $837,215
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
- 83-2461822
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $93,446,569
- Income (IRS master file)
- $5,967,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,306,503 | $1,026,158 | $93,446,569 | XML |
| 990 | June 2024 | $4,360,599 | $512,981 | $87,818,219 | XML |
| 990 | June 2023 | $3,527,277 | $351 | $83,410,404 | XML |
| 990 | June 2022 | $0 | $1,859 | $79,945,720 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | 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 83-2461822).
Questions about CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST
- What is the EIN of CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST?
- The employer identification number (EIN) of CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST is 83-2461822.
- Is CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST 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 CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST 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 CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST 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 CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 names NELSON SCHAENEN JR.
- Who are the officers and directors of CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CORNELL SC JOHNSON COLLEGE OF BUSINESS ENDOWMENT TRUST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,306,503, expenses of $1,026,158 and total assets of $93,446,569 at year end.
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