Community Foundation Of Herkimer And Oneida Counties Inc
Community Foundation maintains strong asset growth and zero reported officer compensation.
EIN: 156016932 · Utica, NY · NTEE: T310 · Updated: 2026-03-28
Is Community Foundation Of Herkimer And Oneida Counties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Foundation Of Herkimer And Oneida Counties Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Foundation Of Herkimer And Oneida Counties Inc
Community Foundation Of Herkimer And Oneida Counties Inc (EIN: 156016932) is a nonprofit organization based in Utica, NY, classified under NTEE code T310. The organization reported total revenue of $30.9M and total assets of $221.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation Of Herkimer And Oneida Counties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Foundation Of Herkimer And Oneida Counties Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Community Foundation Of Herkimer And Oneida Counties Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests either volunteer leadership or compensation is categorized differently, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Foundation Of Herkimer And Oneida Counties Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported under other categories or that leadership is entirely volunteer, requiring deeper scrutiny for full understanding of operational costs.
Strengths
The following positive indicators were identified for Community Foundation Of Herkimer And Oneida Counties Inc:
- Strong and consistent asset growth, reaching over $200 million in recent years.
- Expenses consistently well below revenue, indicating sound financial management and surplus generation.
- Remarkable transparency with 0% officer compensation reported across all filings, suggesting a high dedication to mission.
- Significant revenue generation capacity, with several years exceeding $20 million.
Frequently Asked Questions about Community Foundation Of Herkimer And Oneida Counties Inc
Is Community Foundation Of Herkimer And Oneida Counties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Foundation Of Herkimer And Oneida Counties Inc (EIN: 156016932) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Community Foundation Of Herkimer And Oneida Counties Inc spend its money?
Community Foundation Of Herkimer And Oneida Counties Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Foundation Of Herkimer And Oneida Counties Inc tax-deductible?
Community Foundation Of Herkimer And Oneida Counties Inc is registered as a tax-exempt nonprofit (EIN: 156016932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Community Foundation Of Herkimer And Oneida Counties Inc a good charity?
Based on the provided data, the Community Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, responsible spending (expenses generally well below revenue), and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. This suggests a high dedication to its mission and efficient use of funds.
How has the organization's asset base changed over time?
The organization's assets have shown consistent and significant growth, increasing from $119,855,382 in 2015 to $201,478,972 in 2023, with a peak of $207,402,752 in 2021. This indicates strong financial management and successful investment strategies.
What is the trend in revenue and expenses?
Revenue has fluctuated year-to-year, with a high of $30,922,448 in 2021 and a low of $7,991,477 in 2016. Expenses have generally increased over time, from $6,155,559 in 2014 to $14,608,801 in 2023, but typically remain well below revenue, indicating financial stability.
Filing History
IRS 990 filing history for Community Foundation Of Herkimer And Oneida Counties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Foundation Of Herkimer And Oneida Counties Inc's revenue has grown by 403.1%, moving from $4.2M to $21.2M. Total assets increased by 121.5% over the same period, from $91.0M to $201.5M. Total functional expenses rose by 191.5%, from $5.0M to $14.6M. In its most recent filing year (2023), Community Foundation Of Herkimer And Oneida Counties Inc reported a surplus of $6.6M, with revenue exceeding expenses. The organization holds $16.9M in liabilities against $201.5M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $184.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $21.2M | $14.6M | $201.5M | $16.9M | — | — |
| 2022 | $14.0M | $15.5M | $176.6M | $15.9M | — | View 990 |
| 2021 | $30.9M | $13.5M | $207.4M | $14.0M | — | View 990 |
| 2020 | $17.9M | $13.9M | $183.1M | $12.9M | — | — |
| 2019 | $25.6M | $13.4M | $172.4M | $13.4M | — | — |
| 2018 | $20.1M | $11.6M | $138.6M | $10.3M | — | View 990 |
| 2017 | $13.6M | $10.7M | $144.0M | $7.8M | — | View 990 |
| 2016 | $8.0M | $7.8M | $126.9M | $8.0M | — | View 990 |
| 2015 | $11.0M | $7.1M | $119.9M | $7.2M | — | View 990 |
| 2014 | $12.9M | $6.2M | $122.1M | $8.1M | — | View 990 |
| 2013 | $8.8M | $5.0M | $117.5M | $7.2M | — | View 990 |
| 2012 | $7.9M | $4.3M | $101.3M | $6.5M | — | View 990 |
| 2011 | $4.2M | $5.0M | $91.0M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.2M, expenses of $14.6M, and assets of $201.5M (revenue +51.1% year-over-year).
- 2022: Revenue of $14.0M, expenses of $15.5M, and assets of $176.6M (revenue -54.6% year-over-year).
- 2021: Revenue of $30.9M, expenses of $13.5M, and assets of $207.4M (revenue +72.4% year-over-year).
- 2020: Revenue of $17.9M, expenses of $13.9M, and assets of $183.1M (revenue -30.0% year-over-year).
- 2019: Revenue of $25.6M, expenses of $13.4M, and assets of $172.4M (revenue +27.3% year-over-year).
- 2018: Revenue of $20.1M, expenses of $11.6M, and assets of $138.6M (revenue +47.7% year-over-year).
- 2017: Revenue of $13.6M, expenses of $10.7M, and assets of $144.0M (revenue +70.5% year-over-year).
- 2016: Revenue of $8.0M, expenses of $7.8M, and assets of $126.9M (revenue -27.7% year-over-year).
- 2015: Revenue of $11.0M, expenses of $7.1M, and assets of $119.9M (revenue -14.6% year-over-year).
- 2014: Revenue of $12.9M, expenses of $6.2M, and assets of $122.1M (revenue +47.0% year-over-year).
- 2013: Revenue of $8.8M, expenses of $5.0M, and assets of $117.5M (revenue +11.7% year-over-year).
- 2012: Revenue of $7.9M, expenses of $4.3M, and assets of $101.3M (revenue +86.7% year-over-year).
- 2011: Revenue of $4.2M, expenses of $5.0M, and assets of $91.0M.
Data Sources and Methodology
This transparency report for Community Foundation Of Herkimer And Oneida Counties Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.