Overview
What is Canton College Foundation Inc?
Canton College Foundation Inc, established in 1973, is a nonprofit organization located in Canton, New York. Its primary mission is to financially support the State University of New York at Canton. The foundation achieves this by providing scholarships for students, fostering faculty and staff development, and backing campus enhancement projects. Additionally, the Canton Foundation owns and manages several real estate entities - Grasse River, LLC, Hemlock Acre, LLC, and River Roo, LLC - to generate revenue for the college. These organizations primarily acquire, maintain, and manage real property, with Grasse River, LLC focusing on student housing development and rental generation, while Hemlock Acre, LLC earns income through land rent. The foundation employs a team of 31 individuals to carry out these initiatives.
Official website here: www.canton.edu/foundation
Is Canton College Foundation Inc legitimate?
Canton College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canton College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $702,621
For more financial information, click here
What is the mission statement of Canton College Foundation Inc?
The Canton College Foundation Inc, established in 1973, was established with a mission to provide financial support to the State University of New York at Canton. This support extends to student scholarships, faculty and staff development, and promoting campus enhancement projects. The foundation's activities also include managing real estate properties for the benefit of the college. Grasse River, LLC, Hemlock Acre, LLC, and River Roo, LLC are the organizations responsible for acquiring, maintaining, and managing these properties. The primary sources of revenue for these organizations come from student housing developed and managed by Grasse River, LLC, and land rent from Hemlock Acre, LLC.
Official website here: www.canton.edu/foundation
Who is the CEO of Canton College Foundation Inc?
Tracey Thompson is the Director of Canton College Foundation Inc.
Official website here: www.canton.edu/foundation
What is the revenue of Canton College Foundation Inc?
Canton College Foundation Inc's revenue in 2023 was $5,163,091.
Official website here: www.canton.edu/foundation
Who are the executives of Canton College Foundation Inc and what are their salaries?
The average compensation at Canton College Foundation Inc during 2023 was $22,665. There are 31 employees and 60 volunteers at Canton College Foundation Inc.
Here are 28 key members and their salaries:
- Dr Zvi Szafran (Campus President) [Trustee/Director]
- Shawn K Miller (Director)
- Tracey L Thompson (Executive Director)
- Karen Spellacy (Past Chair) [Trustee/Director]
- Dr Adrienne C Rygel (Director)
- Priscilla Collins (Secretary) [Trustee/Director]
- Bernard C Regan (Director)
- Anne C Williams (Chair) [Trustee/Director]
- Laura E Rozell (Treasurer) [Trustee/Director]
- Dr D Anthony Beane (Director)
- Tamara R Bullock (Director)
- Joan M Eurto (Director)
- Daniel G Fay (Director)
- Christine D Gray (Vice Chair) [Trustee/Director]
- Walter J Haig (Director)
- Marti K Macarthur (Director)
- John G Maines (Director)
- Ornella T Parker (Director)
- Richard S Patri (Director)
- Michael Quenneville (Director)
- Jon A Richardson (Director)
- Keith Rosser (Director)
- Carl W Trainor (Director)
- Rosella Todd Valentine (Director)
- Grace E Vesper (Director)
- Thomas V Walsh (Director)
- Guilford D White (Director)
- Thomas Woodside (Director)
Official website here: www.canton.edu/foundation
Where can I find the form 990 for Canton College Foundation Inc?
The Canton College Foundation Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.canton.edu/foundation
Learn more at the official website: www.canton.edu/foundation
Mission Statement of Canton College Foundation Inc
Canton College Foundation, established in 1973, is a nonprofit organization with a mission to support the State University of New York at Canton. Its primary aim is to provide financial assistance to the institution, specifically in the form of student scholarships. Furthermore, the foundation invests in faculty and staff development and promotes campus enhancement projects. By doing so, Canton College Foundation contributes to the overall growth and success of the university.
In addition to its financial support, Canton College Foundation also engages in real estate management. The organization owns Grasse River, LLC, Hemlock Acre, LLC, and River Ro, LLC, whose primary purpose is to acquire, maintain, and manage real property for the benefit of the college. Grasse River, LLC, manages student housing developments, generating rental income and related expenses. Meanwhile, Hemlock Acre, LLC, generates land rent. This diversified approach to funding and property management allows Canton College Foundation to sustainably support the university's needs.
Impact
This information is meant to be a general summary of Canton College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Canton College Foundation Inc's impact is significant in providing financial support to the State University of New York at Canton. Through student scholarships, support for faculty and staff development, and promotion of campus enhancement projects, the foundation plays a crucial role in advancing education within the community. Additionally, as the sole owner of Grasse River, LLC, Hemlock Acres, LLC, and River Roo, LLC, the foundation's real property management activities contribute to the maintenance and management of key assets for the benefit of the college. Rental revenues from student housing and land rent further support the foundation's mission to enhance the college's resources and opportunities for its students, faculty, and staff.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME -STUDENT HOUSING
Revenue
$2,960,044
FEES AND ACTIVITY INCOME
Revenue
$5,858
Organization Details
Founding Year
1973
Phone
(315) 386-7127
Principal Officer
Tracey Thompson
Main Address
34 CORNELL DRIVE, CANTON, NY, 13617
Website
www.canton.edu/foundation
NTEE Category
Code: B82 - Education
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