irs program accomplishments · form 990 part iii · fy2022
What they reported doing
- #1 primary $1KEDUCATION OF THE PUBLIC
- #2 $0COVID-19 RELATED SUPPORT TO ORGANIZATIONS
named programs · 6 · from sources
What they call their work
Advocates for Springfield Fund
Field of interest fund supporting the health and well-being of Springfield, NY, including grants to local nonprofits and community benefit projects such as summer jobs in childhood education.
Dr. E.C. Winsor Memorial Fund
Supports health-related initiatives and services in Otsego County, honoring the legacy of Dr. E.C. Winsor.
Greater Otego Library and Education Fund (GOLEF)
Fund supporting Phase 1 renovations of the Harris Memorial Library, its operating expenses, and educational/cultural resources in the Town of Otego, including Otsego Christian Academy.
Martha and Paul Clarvoe Recycling Initiatives Fund
Funds recycling and environmental sustainability projects in Otsego County.
Otsego Lake Watershed Sustainability Fund
Supports efforts to protect and improve the ecological health of the Otsego Lake watershed.
Spring 2026 Awards Cycle
Grant program supporting civics education, historic preservation, and community service projects in Otsego County, with a focus on America 250 celebrations. Allocates $100,000 with awards up to $10,000.
activities · 8 groups
What they do
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Donor-Advised Fund Grantmaking 2 activities
- Accepting diverse forms of charitable contributionsAccepts charitable contributions via check, wire transfer, online platform, publicly traded securities, real estate (including homes, commercial properties, and land), life insurance policies (where CFOC is named owner and beneficiary), and tangible personal property such as artwork, jewelry, furniture, and collections.
- Facilitating planned and complex charitable givingAccepts planned gifts through wills, trusts, retirement accounts, and life insurance policies; offers charitable gift annuities, charitable remainder trusts, and charitable lead trusts; and accepts Qualified Charitable Distributions from IRAs up to $100,000 per donor annually.
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Endowment and Gift Fund Management 2 activities
- Funding local nonprofits through donor-advised and named fundsEstablishes charitable funds with a minimum gift of $10,000, offering permanent and non-permanent options, and enables nonprofit partners to create named funds through the Nonprofit Partner Investment Fund program while providing fiduciary oversight and investment management support.
- Providing administrative and fiduciary support for donor-established fundsManages administrative functions including paperwork, reporting, and bookkeeping for donor-established funds through a partnership with the Community Foundation of Herkimer & Oneida Counties, Inc.
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Environmental Conservation Grantmaking 1 activity
- Funding community health and environmental projects in Otsego CountyAllocates up to $20,000 annually for grants supporting the health of Otsego Lake and its watershed, and provides funding for community health initiatives through targeted funds such as the Advocates for Springfield Fund and the Dr. E.C. Winsor Memorial Fund.
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Municipal and Community General Support 1 activity
- Funding library and educational resources in the Town of OtegoProvides grants totaling up to $13,000 in 2026 for library maintenance, operations, and cultural initiatives in the Town of Otego, including support for Harris Memorial Library renovations and the Otsego Christian Academy, with awards available up to $2,000 through the Greater Otego Library and Education Fund.
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Historic Preservation Support Grants 1 activity
- Funding public education initiatives in Otsego CountyConducts public education as a primary program activity through grantmaking, supporting projects related to civics education, historic preservation, and community service with special consideration for America 250-related initiatives.
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Digital Donation Processing Platforms 1 activity
- Pooling donations to increase charitable impactIncreases the impact of charitable contributions by pooling donations from multiple contributors to support community needs through collective giving.
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Charitable Grantmaking to Specific Causes 1 activity
- Providing disaster and emergency response fundingProvided support to organizations responding to the impacts of COVID-19 in 2021 and 2022 as part of its grantmaking activities.
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Strategic Planning and Organizational Development 1 activity
- Supporting nonprofit capacity through strategic planning and investment managementAdopted a strategic plan in February 2023 to guide organizational direction through 2028 and operates programs that enhance nonprofit partner capacity through investment management and fiduciary oversight.
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financials · form 990 · fy2024
revenue
Total revenue$4.76M
Contributions & grants$4.41M93%
Program service revenue$4K0%
Investment income$347K7%
Other revenue$1K
expenses
Total expenses$693K
Program expenses74%
Admin / overhead12%
Fundraising14%
Salaries & benefits$166K
Grants paid out$406K
Largest expense lineCompensation
balance sheet
Total assets$8.27M
Cash$216K
Investments$6.00M
Liabilities$450K
Net assets$7.82M
Liquid reserves107.6 mo
5 years on record · 2020–2024 · YoY revenue +198.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JEFF KATZ | Executive Dir. | 40 | $93K |
board members · 17
- ALAN DONOVAN — Director
- ANDREW MARIETTA — Director
- CANDICE SHANNON — Director
- CHERYL ROBINSON — Director
- DAVE ROWLEY — Director
- DAVID T BLISS — Director
- DONNA JOHNSON — Director
- GARY HERZIG — Vice President
- HARRY LEVINE — President
- LOU ALLSTADT — Director
- MICHELE FARWELL — Director
- PATRICIA KENNEDY — Secretary
- RACHEL FRICK-CARDELLE — Director
- SCOTT WHITE — Treasurer
- TAMIE REED — Director
- TIM LORD — Director
- TOM SIMPSON — Director
relationships · 19
Who they work with
- Advocates for Springfield Partner — Collaborated to create the Advocates for Springfield Fund to support the health and well-being of the Springfield community.
- Association for Healthcare Philanthropy Network — Reprints the Donor Bill of Rights developed jointly with the Association for Healthcare Philanthropy.
- Association of Fundraising Professionals Network — Reprints and endorses the Donor Bill of Rights developed by the Association of Fundraising Professionals and other national organizations.
- Community Foundation of Herkimer & Oneida Counties, Inc. Partner — Cooperates with CFOC to handle paperwork, reporting, and bookkeeping for donor-established funds.
- Council for Advancement and Support of Education Network — Reprints the Donor Bill of Rights developed jointly with the Council for Advancement and Support of Education.
- Giving Institute: Leading Consultants to Non-Profits Network — Reprints the Donor Bill of Rights developed jointly with the Giving Institute.
- GrantInterface Partner — Uses GrantInterface software for grant applications and management.
- Harris Memorial Library Partner — Receives grant funding from the Community Foundation of Otsego County for renovations, maintenance, repairs, and operating expenses.
- Harry Levine Government — Contact person for estate planning inquiries at CFOC.
- Jeff Katz Partner — Professional contact point for donors and advisors regarding contributions to CFOC.
- Mildred Parish Foundation Fund Partner — Partner fund co-allocating $100,000 for the 2026 Spring awards cycle focused on civics and historic preservation in Otsego County.
- Otsego Christian Academy Partner — Eligible recipient of grants for educational and cultural enhancement through the Greater Otego Library and Education Fund.
- Otsego County Government — Geographic focus of the foundation's grantmaking and community initiatives.
- Otsego County Non-profit leaders Partner — Collaborated with nonprofit leaders in the development of the 2023-2028 Strategic Plan.
- Otsego Lake Association Partner — Member of the Advisory Committee for the Otsego Lake Watershed Sustainability Fund.
- SUNY-Oneonta’s Biological Field Station Partner — Member of the Advisory Committee for the Otsego Lake Watershed Sustainability Fund.
- Watershed Supervisory Committee Partner — Member of the Advisory Committee for the Otsego Lake Watershed Sustainability Fund, representing the Village of Cooperstown and Towns of Otsego, Middlefield, and Springfield.
- local nonprofits Partner — Provides investment and gift-processing services to local nonprofit organizations through the Nonprofit Partner Investment Fund program.
- visionary philanthropists Partner — Individual donors who contribute to and collaborate with the foundation to support community initiatives.
strategies · 3
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.
- Collaborative Community Grantmakingmethodology: collaborative_community_solutionsBy engaging donors, local leaders, and nonprofits in joint decision-making and shared funding initiatives, the foundation increases community ownership and impact, because collective input and pooled resources lead to more responsive and sustainable solutions.
- Donor-Engaged Philanthropymethodology: donor_advised_grantmakingBy involving donors in grantmaking decisions and offering tax-efficient giving strategies, the foundation strengthens donor commitment and increases charitable giving, because personalized engagement and financial incentives enhance philanthropic participation.
- Unrestricted and Adaptive Grantmakingmethodology: unrestricted_grantmakingBy directing funds toward the most pressing and evolving community needs through unrestricted giving, the foundation enhances responsiveness and long-term community resilience, because flexibility allows timely support for emergent priorities.