MONROE COMMUNITY COLLEGE FOUNDATION INC

EIN: 161204210 501(c)(3)

ROCHESTER, NY

Total Revenue
$2,832,669
Total Expenses
$4,981,846
Total Assets
$30,106,238
Net Assets
$26,174,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
GRETCHEN WOOD
Phone
5852621510
Tax Period
2023-09-01 to 2024-08-31

MONROE COMMUNITY COLLEGE FOUNDATION INC, founded in 1983, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 76% operating deficit.

Mission

THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,104,038
Program Service Revenue $0
Investment Income $379,268
Other Revenue $349,363
TOTAL REVENUE $2,832,669

Expense Breakdown

Grants Paid $2,728,260
Salaries & Benefits $1,507,882
Fundraising Expenses $725,834
Program Expenses $2,728,260
Other Expenses $745,704
TOTAL EXPENSES $4,981,846

Year-over-Year Comparison

2023 2022 Change
Revenue $2,832,669 $6,860,251 -0.6%
Expenses $4,981,846 $9,615,417 -0.5%
Net Income $-2,149,177 $-2,755,166 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
58
Independent Members
57
Employees
11
Volunteers
63

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
$254,490
Total Directors
58
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD K BAXTER DIRECTOR 1.00
Director
$0 $0 $0
DAVID J BEINETTI DIRECTOR 1.00
Director
$0 $0 $0
MARTIN K BIRMINGHAM CHAIR ELECT 1.00
Officer Director
$0 $0 $0
DEANNA R BURT-NANNA PHD DIRECTOR 1.00
Director
$0 $0 $0
ESSIE L CALHOUN-MCDAVID DIRECTOR 1.00
Director
$0 $0 $0
JULIE CAMARDO DIRECTOR 1.00
Director
$0 $0 $0
JACK CANNON DIRECTOR 1.00
Director
$0 $0 $0
BRIAN J CAPITUMMINO DIRECTOR 1.00
Director
$0 $0 $0
FLOR M COLON DIRECTOR 1.00
Director
$0 $0 $0
DAVID A CORNELL DIRECTOR 1.00
Director
$0 $0 $0
JEFFERY A DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN L DIMARCO II DIRECTOR 1.00
Director
$0 $0 $0
LAUREN DIXON DIRECTOR 1.00
Director
$0 $0 $0
JOHN A DREDGER PE LEED AP DIRECTOR 1.00
Director
$0 $0 $0
SERGIO ESTEBAN DIRECTOR 1.00
Director
$0 $0 $0
COLBY FEANE DIRECTOR 1.00
Director
$0 $0 $0
LOREN FLAUM DIRECTOR 1.00
Director
$0 $0 $0
DANIEL J GOLDSTEIN CPA DIRECTOR 1.00
Director
$0 $0 $0
BERNICE E HATCH DIRECTOR 1.00
Director
$0 $0 $0
KENNETH L HINES DIRECTOR 1.00
Director
$0 $0 $0
SCOTT M KOGLER CPAPFS TREASURER 1.00
Officer Director
$0 $0 $0
HOWARD KONAR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A KRUPNICKI DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN J LALLY DIRECTOR 1.00
Director
$0 $0 $0
DIANA M LAURIA DIRECTOR 1.00
Director
$0 $0 $0
JETT MEHTA DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS E PARKER DIRECTOR 1.00
Director
$0 $0 $0
LEE J PATTERSON DIRECTOR 1.00
Director
$0 $0 $0
LISA PAULIS MD DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN M POLOZIE DIRECTOR 1.00
Director
$0 $0 $0
S JAY POPLI DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA REDDING DIRECTOR 1.00
Director
$0 $0 $0
RICHARD A REINGOLD DIRECTOR 1.00
Director
$0 $0 $0
EDWARD T SCHULER DIRECTOR 1.00
Director
$0 $0 $0
NAOMI SILVER DIRECTOR 1.00
Director
$0 $0 $0
MARK A SIWIEC DIRECTOR 1.00
Director
$0 $0 $0
GARY L SQUIRES DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH C STAMPS DIRECTOR 1.00
Director
$0 $0 $0
KEVIN T STICKLES DIRECTOR 1.00
Director
$0 $0 $0
JAMES M SYDOR DIRECTOR 1.00
Director
$0 $0 $0
LORI A VAN DUSEN IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES J VITA DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE E VON BACHO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL S WEED DIRECTOR 1.00
Director
$0 $0 $0
KEVIN W WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN R WOLFE CHAIR 1.00
Officer Director
$0 $0 $0
JEREMY J WOLK DIRECTOR 1.00
Director
$0 $0 $0
PHILIP H YAWMAN DIRECTOR 1.00
Director
$0 $0 $0
LAURIE L ZAUCHA DIRECTOR 1.00
Director
$0 $0 $0
EMERSON U FULLWOOD SECRETARY 1.00
Officer Director
$0 $0 $0
LONETTE MERRIMAN DIRECTOR 1.00
Director
$0 $0 $0
ELAINE MICHAEL DIRECTOR 1.00
Director
$0 $0 $0
DONALD E JEFFRIES DIRECTOR 1.00
Director
$0 $0 $0
GAVIN BROWNLIE DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY J GAYLORD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL JACOBS DIRECTOR 1.00
Director
$0 $0 $0
VIRGIL N JOSEPH DIRECTOR 1.00
Director
$0 $0 $0
IAN J WILSON DIRECTOR 1.00
Director
$0 $0 $0
GRETCHEN WOOD EXECUTIVE DIRECTOR 35.00
Officer
$0 $33,697 $176,985
SARAH BRUNDAGE DIRECTOR OF FINANCE (UNTIL 10/16/23) 35.00
Officer
$0 $7,110 $77,505
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 $2,832,669 $4,981,846 $30,106,238 $-2,149,177
2023 $6,860,251 $9,615,417 $27,367,571 $-2,755,166
2022 $5,873,753 $5,926,729 $29,935,778 $-52,976
2021 $3,288,892 $4,667,791 $29,563,272 $-1,378,899
2020 $6,197,692 $4,364,131 $28,153,117 $1,833,561
2019 $5,286,378 $4,593,636 $24,991,103 $692,742
2018 $11,809,412 $4,283,089 $24,311,741 $7,526,323
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