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MONROE COMMUNITY COLLEGE FOUNDATION INC

ROCHESTER, NY · EIN 161204210 · Form 990 · FY2023 · Medium ($1M-$10M)
revenue
$2.8M
expenses
$5.0M
net assets
$26.2M
employees
11
volunteers
63
program ratio
55%
mission · from form 990

THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE.

profile · synthesized from sources

The Monroe Community College Foundation Inc. is a nonprofit organization based in Rochester, NY, established to support Monroe Community College. It raises philanthropic contributions to advance academic achievement, fund innovation, and promote excellence at the college. The foundation primarily supports students and faculty through scholarships, programs, and institutional initiatives.

named programs · 3 · from sources

What they call their work

Academic Innovation Fund
Supports faculty-led initiatives, curriculum development, and new academic programs at the college
Scholarship Program
Provides need- and merit-based scholarships to students at Monroe Community College to increase access and retention
Student Emergency Assistance
Offers financial aid to students facing unexpected hardships that may impede their education
activities · 1 group

What they do

  • Local High School Scholarship Programs 1 activity
    • Funding academic achievement, innovation, and institutional excellence at Monroe Community College
      Seeks and receives philanthropic investments to fund initiatives related to academic achievement, innovation, and institutional excellence at Monroe Community College.
financials · form 990 · fy2023
revenue
Total revenue$2.83M
Contributions & grants$2.10M74%
Program service revenue$00%
Investment income$379K13%
Other revenue$349K
expenses
Total expenses$4.98M
Program expenses55%
Admin / overhead31%
Fundraising15%
Salaries & benefits$1.51M
Grants paid out$2.73M
Largest expense lineCompensation
balance sheet
Total assets$30.11M
Cash$3.69M
Investments$23.80M
Liabilities$3.93M
Net assets$26.17M
Liquid reserves66.2 mo
5 years on record · 2019–2023 · YoY revenue -58.7%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
GRETCHEN WOOD EXECUTIVE DIRECTOR 35 $177K
SARAH BRUNDAGE DIRECTOR OF FINANCE (UNTIL 10/16/23) 35 $78K
board members · 23
  • BERNICE E HATCH — DIRECTOR
  • BRIAN J CAPITUMMINO — DIRECTOR
  • CHARLES J VITA — DIRECTOR
  • COLBY FEANE — DIRECTOR
  • DANIEL J GOLDSTEIN CPA — DIRECTOR
  • DAVID A CORNELL — DIRECTOR
  • DAVID J BEINETTI — DIRECTOR
  • DEANNA R BURT-NANNA PHD — DIRECTOR
  • DEBORAH C STAMPS — DIRECTOR
  • DIANA M LAURIA — DIRECTOR
  • DONALD E JEFFRIES — DIRECTOR
  • DOUGLAS E PARKER — DIRECTOR
  • EDWARD T SCHULER — DIRECTOR
  • ELAINE MICHAEL — DIRECTOR
  • EMERSON U FULLWOOD — SECRETARY
  • ESSIE L CALHOUN-MCDAVID — DIRECTOR
  • FLOR M COLON — DIRECTOR
  • GARY L SQUIRES — DIRECTOR
  • GAVIN BROWNLIE — DIRECTOR
  • HOWARD KONAR — DIRECTOR
  • IAN J WILSON — DIRECTOR
  • JACK CANNON — DIRECTOR
  • JAMES M SYDOR — DIRECTOR
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.