CORNING CLASSIC CHARITIES INC

EIN: 119904027 501(c)(3)

CORNING, NY

Total Revenue
$1,241,166
Total Expenses
$1,113,797
Total Assets
$2,358,417
Net Assets
$2,077,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
JOHN SIRIANNI
Phone
6079624441
Tax Period
2025-01-01 to 2025-12-31

CORNING CLASSIC CHARITIES INC, founded in 1968, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Expenses of $1.1M left a modest 10% surplus.

Mission

THE WINEGLASS RACE SERIES EXECUTES ROAD RACES THAT PROVIDE AN EXCELLENT RUNNER EXPERIENCE, HIGHLIGHT THE REGION, AND GIVE BACK TO THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $793,809 Revenue: $1,170,360

THE WINEGLASS RACE SERIES PROGRAM IS PRINCIPALLY ENGAGED IN THE ORGANIZATION AND MANAGEMENT OF THE WINEGLASS MARATHON WHICH IS HELD ANNUALLY IN THE FINGERLAKES REGION OF UPSTATE NEW YORK AND...

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THE WINEGLASS RACE SERIES PROGRAM IS PRINCIPALLY ENGAGED IN THE ORGANIZATION AND MANAGEMENT OF THE WINEGLASS MARATHON WHICH IS HELD ANNUALLY IN THE FINGERLAKES REGION OF UPSTATE NEW YORK AND PRESENTLY CONSISTS OF A MARATHON, A HALF-MARATHON AND 5-K AND RELATED EVENTS AND ACTIVITIES. IN ADDITION, IN CONJUNCTION WITH GLASSFEST IN CORNING'S GAFFER DISTRICT, THE ORGANIZATION PRESENTS AN 8K EVENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $21,286
Program Service Revenue $1,170,360
Investment Income $49,520
Other Revenue $0
TOTAL REVENUE $1,241,166

Expense Breakdown

Grants Paid $108,150
Salaries & Benefits $208,316
Fundraising Expenses $0
Program Expenses $793,809
Other Expenses $797,331
TOTAL EXPENSES $1,113,797

Year-over-Year Comparison

2025 2024 Change
Revenue $1,241,166 $1,175,909 +0.1%
Expenses $1,113,797 $969,116 +0.1%
Net Income $127,369 $206,793 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
2500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE SHARKEY PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHN SIRIANNI VP AND TREASURER 1.00
Officer Director
$0 $0 $0
COLEEN FABRIZI SECRETARY 1.00
Officer Director
$0 $0 $0
KEVIN CORLISS BOARD MEMBER 1.00
Director
$0 $0 $0
MILLICENT RUFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARIO SCARSELLETA BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE CAULFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,241,166 $1,113,797 $2,358,417 $127,369
2024 $1,175,909 $969,116 $2,165,666 $206,793
2023 $1,092,940 $978,704 $1,959,819 $114,236
2022 $1,220,873 $1,173,924 $1,798,061 $46,949
2021 $1,310,142 $1,201,839 $1,684,186 $108,303
2020 $851,813 $814,418 $1,570,299 $37,395
2019 $1,623,648 $1,446,209 $1,586,074 $177,439
2018 $1,395,623 $1,226,305 $1,462,654 $169,318
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