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CORTLAND COMMUNITY FOUNDATION
CORTLAND, NY · EIN 161561037 · Form 990 · FY2024 · NTEE T31 · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$856K
expenses
$797K
net assets
$1.7M
employees
0
program ratio
94%
mission · from form 990

The Foundation's major purpose is to provide grants and contributions for civic, educational and charitable programs, and for community development and low cost housing initiatives within the local community of Cortland, New York.

profile · synthesized from sources

CORTLAND COMMUNITY FOUNDATION is a grantmaking organization based in Cortland, New York, focused on supporting civic, educational, and charitable initiatives. It provides grants to local programs that advance community development and low-cost housing. The foundation operates exclusively within the Cortland area and channels donor resources to strengthen local nonprofit efforts.

activities · 1 group

What they do

  • Community Foundation & United Way Support 2 activities
    • Funding civic, educational, and charitable programs
      Provides grants and contributions to support civic, educational, and charitable programs in Cortland, New York.
    • Funding community development and low-cost housing initiatives
      Provides grants and contributions to support community development and low-cost housing initiatives in Cortland, New York.
financials · form 990 · fy2024
revenue
Total revenue$856K
Contributions & grants$795K93%
Program service revenue$00%
Investment income$60K7%
Other revenue$0
expenses
Total expenses$797K
Program expenses94%
Admin / overhead6%
Fundraising0%
Salaries & benefits$0
Grants paid out$749K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.68M
Cash$58K
Investments$1.61M
Liabilities$11K
Net assets$1.66M
Liquid reserves25.2 mo
4 years on record · 2020–2024 · YoY revenue +62.2%
leadership · form 990 part vii · fy2024

Who runs it

board members · 10
  • John Poli — Director
  • John Reagan — Director
  • John Whittleton — Director
  • Katherine Compagni — Director
  • Kathie O'Mara — Director
  • Lisa Hoeschele — Director
  • Mark Masler — Director
  • Pat Ryan — Treasurer
  • Stephen Franco — Vice President
  • THOMAS E GALLAGHER — President
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.

  • Local Grantmaking for Community Well-Being
    methodology: local_grantmaking
    By directing funds to civic, educational, and charitable programs in Cortland, NY, we strengthen community capacity and promote local development because place-based investment ensures relevance, builds trust, and sustains long-term civic engagement.