CENTRAL NEW YORK COMMUNITY FOUNDATION INC

EIN: 150626910 501(c)(3) Philanthropy & Grantmaking

SYRACUSE, NY

Total Revenue
$34,290,952
Total Expenses
$25,334,728
Total Assets
$389,455,496
Net Assets
$357,698,749
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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
NY
Principal Officer
KIMBERLY SADOWSKI
Phone
3154229538
Tax Period
2022-04-01 to 2023-03-31

CENTRAL NEW YORK COMMUNITY FOUNDATION INC, founded in 1927, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $34.3M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9.0M, a strong 26% operating margin.

Mission

OUR MISSION IS TO FOSTER A THRIVING AND EQUITABLE CENTRAL NEW YORK REGION BY LEADING AND INSPIRING A COMMUNITY CULTURE OF GIVING, CELEBRATING LEGACY AND STEWARDING CHARITABLE RESOURCES FOR TODAY AND TOMORROW.

Program Service Accomplishments

Program 1
Expenses: $6,273,927 Revenue: $176,905

PROGRAMS: GRANTMAKING AND STRATEGIC INITIATIVES THE COMMUNITY FOUNDATION'S PROGRAMS ARE DESIGNED TO SUPPORT NONPROFITS ACROSS THEIR LIFECYCLE. THIS RANGES FROM THE BIRTH OF NEW ORGANIZATIONS OUT OF...

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PROGRAMS: GRANTMAKING AND STRATEGIC INITIATIVES THE COMMUNITY FOUNDATION'S PROGRAMS ARE DESIGNED TO SUPPORT NONPROFITS ACROSS THEIR LIFECYCLE. THIS RANGES FROM THE BIRTH OF NEW ORGANIZATIONS OUT OF COMMUNITY CONCERNS, TO THE LAUNCH OR EXPANSION OF NEW IDEAS FOR WAYS TO SERVE THE COMMUNITY, TO THE PROFESSIONAL DEVELOPMENT OF STAFF AND ORGANIZATIONAL PROCESSES. OUR PROGRAMS SEEK TO BRING ABOUT POSITIVE CHANGE AND IMPACT WHILE HONORING DIVERSITY AND BUILDING INCLUSION WITHIN AND ACROSS OUR COMMUNITIES. THROUGH OUR INVOLVEMENT AND INVESTMENTS IN COLLECTIVE IMPACT EFFORTS, WE STRIVE TO PROVIDE LEADERSHIP AND RESOURCES THAT MOVE OUR REGION FORWARD.

Program 2
Expenses: $12,848,662 Revenue: $3,765

DONOR-ADVISED FUND DISTRIBUTIONSDONOR-ADVISED FUNDS ARE ESTABLISHED BY INDIVIDUALS, FAMILIES OR BUSINESSES THAT CHOOSE TO BE ACTIVELY INVOLVED IN THE GRANTMAKING PROCESS. THEY ARE CONSIDERED A...

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DONOR-ADVISED FUND DISTRIBUTIONSDONOR-ADVISED FUNDS ARE ESTABLISHED BY INDIVIDUALS, FAMILIES OR BUSINESSES THAT CHOOSE TO BE ACTIVELY INVOLVED IN THE GRANTMAKING PROCESS. THEY ARE CONSIDERED A CONVENIENT WAY TO MANAGE A DONOR'S CHARITABLE GIVING BY ALLOWING THEM TO ADDRESS A WIDE VARIETY OF ISSUES AND FULFILL THEIR CHARITABLE INTERESTS AS THEY EVOLVE OVER TIME.

Program 3
Expenses: $2,168,232 Revenue: $0

SCHOLARSHIPSSCHOLARSHIP FUNDS ARE ESTABLISHED BY DONORS WHO WISH TO HELP STUDENTS PURSUE THEIR EDUCATIONAL DREAMS. THE COMMUNITY FOUNDATION IS THE HOME TO SYRACUSE'S SAY YES TO EDUCATION ENDOWMENT...

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SCHOLARSHIPSSCHOLARSHIP FUNDS ARE ESTABLISHED BY DONORS WHO WISH TO HELP STUDENTS PURSUE THEIR EDUCATIONAL DREAMS. THE COMMUNITY FOUNDATION IS THE HOME TO SYRACUSE'S SAY YES TO EDUCATION ENDOWMENT. SAY YES GUARANTEES A PATH TO COLLEGE FOR STUDENTS OF THE SYRACUSE CITY SCHOOL DISTRICT AND PROVIDES SUPPORT TO STUDENTS AND THEIR FAMILIES THAT ENHANCES THEIR OPPORTUNITIES FOR ACADEMIC ACHIEVEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $29,283,609
Program Service Revenue $0
Investment Income $4,687,610
Other Revenue $319,733
TOTAL REVENUE $34,290,952

Expense Breakdown

Grants Paid $20,688,566
Salaries & Benefits $3,044,253
Fundraising Expenses $1,094,014
Program Expenses $22,967,366
Other Expenses $1,601,909
TOTAL EXPENSES $25,334,728

Year-over-Year Comparison

2022 2021 Change
Revenue $34,290,952 $49,020,873 -0.3%
Expenses $25,334,728 $22,148,773 +0.1%
Net Income $8,956,224 $26,872,100 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
31
Volunteers
125

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
6
$575,726
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL J FISHER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CATHERINE A BERTINI MEMBER 1.00
Director
$0 $0 $0
JOSEPH LAZZARO MEMBER 1.00
Director
$0 $0 $0
KATE FRANZ MEMBER 1.00
Director
$0 $0 $0
MARK A FULLER TREASURER 1.00
Officer Director
$0 $0 $0
LEE M GATTA MEMBER 1.00
Director
$0 $0 $0
CAROLYN D GERAKOPOULOS MEMBER 1.00
Director
$0 $0 $0
CAERESA J RICHARDSON MEMBER 1.00
Director
$0 $0 $0
DAREN C JAIME MEMBER 1.00
Director
$0 $0 $0
LISA D ALFORD MEMBER 1.00
Director
$0 $0 $0
WILLIAM H BROWER MEMBER 1.00
Director
$0 $0 $0
EMAD A RAHIM MEMBER 1.00
Director
$0 $0 $0
SUSAN FURTNEY MEMBER 1.00
Director
$0 $0 $0
KARIN SLOAN DELANEY COMPLIANCE OFFICER 1.00
Officer Director
$0 $0 $0
KEVIN E SCHWAB MEMBER 1.00
Director
$0 $0 $0
STEPHEN D FOURNIER MEMBER 1.00
Director
$0 $0 $0
BETHAIDA GONZALEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
REBECCA BRONFEIN RAPHAEL MEMBER 1.00
Director
$0 $0 $0
MARTIN A SCHWAB MEMBER 1.00
Director
$0 $0 $0
PETER A DUNN PRESIDENT & CEO 40.00
Officer
$341,416 $30,587 $372,003
KIMBERLY SADOWSKI VP & CFO 40.00
Officer
$185,733 $17,990 $203,723
FRANK RIDZI VP OF COMMUNITY INVESTMENT 40.00
Highest
$149,585 $14,561 $164,146
AHMEED TURNER VP OF SCHOLARSHIPS AND STUDENT SUCCESS 40.00
Highest
$139,593 $11,488 $151,081
KATRINA CROCKER VP OF COMMUNICATIONS 40.00
Highest
$125,705 $22,351 $148,056
THOMAS GRIFFITH VP OF DEVELOPMENT 40.00
Highest
$144,566 $14,353 $158,919
MONICA MERANTE SENIOR DIRECTOR OF PHILANTHROPIC SERVICES 40.00
Highest
$109,547 $19,687 $129,234
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 No data No data No data No data
2023 $34,290,952 $25,334,728 $389,455,496 $8,956,224
2022 $49,020,873 $22,148,773 $395,864,792 $26,872,100
2021 $37,517,618 $24,296,183 $363,941,689 $13,221,435
2020 $28,975,923 $18,866,618 $258,034,360 $10,109,305
2019 $25,897,424 $15,830,483 $279,278,951 $10,066,941
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