THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC

EIN: 141505623 501(c)(3) Philanthropy & Grantmaking

ALBANY, NY

Total Revenue
$11,354,990
Total Expenses
$8,706,809
Total Assets
$119,822,415
Net Assets
$114,514,323
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
JOHN EBERLE
Phone
5184469638
Tax Period
2024-01-01 to 2024-12-31

THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC, founded in 1968, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 23% operating margin.

Mission

THE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY. THE FOUNDATION DOES THIS IN COLLABORATION WITH DONORS AND COMMUNITY PARTNERS WHO SHARE ITS VISION FOR COMMUNITY TRANSFORMATION THROUGH STEWARDSHIP OF CHARITABLE ENDOWMENTS, SUPERIOR DONOR SERVICES, EFFECTIVE GRANT MAKING, AND LEADERSHIP TO ADDRESS COMMUNITY NEEDS.

Program Service Accomplishments

Program 1
Expenses: $7,170,364 Revenue: $149,179

THE FOUNDATION ADMINISTERS MORE THAN 472 CHARITABLE FUNDS, AND IN PARTNERSHIP WITH OUR DONORS, PROVIDES LEADERSHIP AND SUPPORT FOR SOME OF THE CAPITAL REGION'S MOST IMPORTANT HUMAN SERVICE...

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THE FOUNDATION ADMINISTERS MORE THAN 472 CHARITABLE FUNDS, AND IN PARTNERSHIP WITH OUR DONORS, PROVIDES LEADERSHIP AND SUPPORT FOR SOME OF THE CAPITAL REGION'S MOST IMPORTANT HUMAN SERVICE, EDUCATION, ARTS/CULTURE, COMMUNITY IMPROVEMENT AND HOUSING/SHELTER INITIATIVES.SINCE OUR FOUNDING IN 1968, THE FOUNDATION HAS AWARDED MORE THAN $132.5 MILLION TO SUPPORT THE CAPITAL REGION AND BEYOND. IN 2024, THE FOUNDATION GRANTED AND FACILITATED OVER $6.2 MILLION IN 1,700 GRANTS. OF THESE GRANTS, 235 NONPROFIT PROGRAMS RECEIVED UP TO $5,000 EACH. THE TOP FOCUS AREAS TO WHICH GRANTS WERE AWARDED IN 2024 WERE HUMAN SERVICES, EDUCATION, ARTS/CULTURE/HUMANITIES, HOUSING AND SHELTER, AND COMMUNITY IMPROVEMENT/CAPACITY BUILDING.THE FOUNDATION MAINTAINS A FOCUS ON INVESTING IN THE CAPACITY OF LOCAL NONPROFITS, IN ORDER TO HELP THEM OPERATE AND SERVE THEIR POPULATIONS MORE EFFECTIVELY. WE ACCOMPLISH THIS THROUGH MODEST GRANT AWARDS TO SUPPORT INFRASTRUCTURE, HUMAN RESOURCES, AND MANAGEMENT/BOARD TRAINING UPGRADES, AS WELL AS OUR SUPPORT FOR, AND COORDINATION OF, THE CAPACITY BUILDING MINI-GRANT PROGRAM. THIS PROGRAM, OFFERED FREE EACH YEAR, CONSISTS OF A SERIES OF HALF-DAY WORKSHOPS FOR NONPROFIT LEADERS AND THEIR BOARD MEMBERS ON A WIDE RANGE OF TOPICS, SUCH AS PERSONNEL RISK MANAGEMENT, REGULATORY CHANGES AFFECTING THE NONPROFIT FIELD, DEVELOPMENT AND COMMUNICATIONS, AND TECHNOLOGY SOLUTIONS.THE FOUNDATION AWARDS GRADE SCHOOL, COLLEGE, AND CONTINUING EDUCATION SCHOLARSHIPS TO HUNDREDS OF LOCAL SCHOLARS EACH YEAR. THE FOUNDATION'S LARGEST SCHOLARSHIP FUND IS THE PHYLLIS E. DAKE "MAKE YOUR OWN" SCHOLARSHIP FUND (PED), WHICH PROVIDES COLLEGE FUNDING FOR CHILDREN OF STEWART'S SHOPS EMPLOYEES. IN 2024, THE PED SCHOLARSHIP GRANTED MORE THAN $443,000, COMBINED WITH THE FOUNDATION'S OTHER SCHOLARSHIP FUNDS, RESULTED IN DISTRIBUTING MORE THAN $715,000 GRANTED THROUGH 173 SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,876,980
Program Service Revenue $149,179
Investment Income $6,345,167
Other Revenue $-16,336
TOTAL REVENUE $11,354,990

Expense Breakdown

Grants Paid $6,523,651
Salaries & Benefits $1,115,526
Fundraising Expenses $195,257
Program Expenses $7,170,364
Other Expenses $1,067,632
TOTAL EXPENSES $8,706,809

Year-over-Year Comparison

2024 2023 Change
Revenue $11,354,990 $8,960,281 +0.3%
Expenses $8,706,809 $10,411,637 -0.2%
Net Income $2,648,181 $-1,451,356 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
9
Volunteers
50

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
7
$412,087
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA LASCH IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT T HENNES TREASURER 1.00
Officer Director
$0 $0 $0
BELINDA HILTON CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT S REYNOLDS ESQ SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTOPHER L CIMIJOTTI CPA DIRECTOR 1.00
Director
$0 $0 $0
JEAN BEDELL CPA VICE CHAIR 2.00
Officer Director
$0 $0 $0
M CHRISTIAN BENDER DIRECTOR 1.00
Director
$0 $0 $0
ELDON HARRIS DIRECTOR 1.00
Director
$0 $0 $0
EILEEN MCLOUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
MEAGHAN E MURPHY ESQ DIRECTOR 1.00
Director
$0 $0 $0
MURRAY CARL MASSRY DIRECTOR 1.00
Director
$0 $0 $0
CHESTER OPALKA DIRECTOR 1.00
Director
$0 $0 $0
AIMEE DAKE DIRECTOR 1.00
Director
$0 $0 $0
HEIDI KNOBLAUCH PHD DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOLLANDER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT F AUDI CPA DIRECTOR 1.00
Director
$0 $0 $0
ALEX ZHANG CPA DIRECTOR 1.00
Director
$0 $0 $0
WALTER THORNE DIRECTOR 1.00
Director
$0 $0 $0
DAVID CRAFT ESQ DIRECTOR 1.00
Director
$0 $0 $0
BRENDA OSORIO DIRECTOR 1.00
Director
$0 $0 $0
JOHN G EBERLE PRESIDENT & CEO 40.00
Officer
$213,056 $27,825 $240,881
TERRY D MARIANO CFO 40.00
Officer
$149,698 $21,508 $171,206
JENNA CUILLA DIRECTOR, ADVANCEMENT OPERATIONS 40.00
Highest
$101,050 $5,506 $106,556
MINDY DEROSIA VICE PRESIDENT, DEVELOPMENT 40.00
Highest
$119,503 $6,728 $126,231
SHELLY CONNOLLY VICE PRESIDENT, COMMUNITY GRANTMAKING 40.00
Highest
$114,051 $6,559 $120,610
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
2024 $11,354,990 $8,706,809 $119,822,415 $2,648,181
2023 $8,960,281 $10,411,637 $110,463,310 $-1,451,356
2022 $11,740,454 $8,524,230 $100,799,889 $3,216,224
2021 $24,885,752 $9,254,221 $120,227,075 $15,631,531
2020 $8,560,576 $11,438,261 $95,693,381 $-2,877,685
2019 $8,507,902 $7,786,053 $89,501,792 $721,849
2018 $11,447,226 $13,476,617 $76,341,642 $-2,029,391
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