Cortland College Foundation Inc
Cortland College Foundation consistently grows assets and maintains positive net income with no reported officer compensation.
EIN: 160979814 · Cortland, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $72.2M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $66.4 |
| Net Assets | $66.3M |
| Transparency Score | 90/100 |
Is Cortland College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cortland College Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cortland College Foundation Inc
Cortland College Foundation Inc (EIN: 160979814) is a nonprofit organization based in Cortland, NY. The organization reported total revenue of $72.2M and total assets of $74.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cortland College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cortland College Foundation Inc is a major nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$647K |
| Total Assets | $66.5M |
| Total Liabilities | $141K |
| Net Assets | $66.3M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 221.6 months |
Financial Health Grade: A
In 2023, Cortland College Foundation Inc reported a surplus of $647K with revenue exceeding expenses, holds 221.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cortland College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.1% | +4.5% | +10.1% |
| 2022 | +98.9% | +3.3% | -10.1% |
| 2021 | -11.9% | +5.7% | +22.0% |
| 2020 | +36.3% | +4.9% | +5.9% |
| 2019 | -3.7% | +7.1% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cortland College Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cortland College Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $647K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base ($66.4 million in 2023). This suggests either volunteer leadership or compensation is reported under other categories, 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 Cortland College Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
- 0% officer compensation reported across all filings is highly unusual for an organization of this size and could indicate compensation is reported in other categories or that leadership is entirely volunteer, which requires further clarification for full transparency.
Strengths
The following positive indicators were identified for Cortland College Foundation Inc:
- Consistent asset growth, from $38.6 million in 2014 to $66.4 million in 2023, demonstrating strong financial management.
- Maintains positive net income in most years, indicating financial stability and ability to build reserves.
- No reported officer compensation across all filings, suggesting a strong commitment to directing funds towards its mission.
- Healthy revenue streams, with significant fluctuations but overall growth, supporting its operations.
Frequently Asked Questions about Cortland College Foundation Inc
Is Cortland College Foundation Inc a legitimate charity?
Cortland College Foundation Inc (EIN: 160979814) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $72.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Cortland College Foundation Inc spend its money?
Cortland College Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cortland College Foundation Inc tax-deductible?
Cortland College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 160979814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cortland College Foundation Inc CEO make?
Cortland College Foundation Inc's highest-compensated officer earns $66.4 annually. The organization reported $72.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cortland College Foundation Inc's spending goes to programs?
Cortland College Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cortland College Foundation Inc located?
Cortland College Foundation Inc is headquartered in Cortland, New York and files with the IRS under EIN 160979814.
How many years of IRS 990 filings does Cortland College Foundation Inc have?
Cortland College Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $72.2M in total revenue.
Is Cortland College Foundation Inc. a good charity?
Based on the provided financial data, Cortland College Foundation Inc. appears to be a financially sound organization with consistent asset growth and positive net income. The absence of reported officer compensation is a notable positive for mission focus, though it warrants further inquiry for complete understanding.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $38.6 million in 2014 to $66.4 million in 2023. Revenue and expenses have also generally increased, indicating growth in operations and fundraising capacity.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally trended upwards, with a notable peak of $11.8 million in 2022. Expenses have shown a steady, gradual increase from $2.0 million in 2015 to $3.6 million in 2023, indicating controlled growth in operational costs.
Filing History
IRS 990 filing history for Cortland College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cortland College Foundation Inc's revenue has grown by 28.3%, moving from $3.3M to $4.2M. Total assets increased by 155% over the same period, from $26.1M to $66.5M. Total functional expenses rose by 132.7%, from $1.5M to $3.6M. In its most recent filing year (2023), Cortland College Foundation Inc reported a surplus of $647K, with revenue exceeding expenses. The organization holds $141K in liabilities against $66.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $66.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $3.6M | $66.5M | $141K | — | View 990 |
| 2022 | $11.8M | $3.4M | $60.4M | $115K | — | View 990 |
| 2021 | $6.0M | $3.3M | $67.1M | $136K | — | View 990 |
| 2020 | $6.8M | $3.2M | $55.1M | $154K | — | View 990 |
| 2019 | $5.0M | $3.0M | $52.0M | $122K | — | View 990 |
| 2018 | $5.1M | $2.8M | $49.4M | $11K | — | View 990 |
| 2017 | $5.3M | $2.7M | $45.7M | $5K | — | View 990 |
| 2016 | $3.5M | $2.3M | $40.7M | $16K | — | View 990 |
| 2015 | $5.9M | $2.1M | $39.8M | $28K | — | View 990 |
| 2014 | $5.1M | $2.2M | $38.6M | $15K | — | View 990 |
| 2013 | $5.2M | $2.2M | $32.9M | $70K | — | View 990 |
| 2012 | $3.6M | $2.1M | $27.9M | $23K | — | View 990 |
| 2011 | $3.3M | $1.5M | $26.1M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $3.6M, and assets of $66.5M (revenue -64.1% year-over-year).
- 2022: Revenue of $11.8M, expenses of $3.4M, and assets of $60.4M (revenue +98.9% year-over-year).
- 2021: Revenue of $6.0M, expenses of $3.3M, and assets of $67.1M (revenue -11.9% year-over-year).
- 2020: Revenue of $6.8M, expenses of $3.2M, and assets of $55.1M (revenue +36.3% year-over-year).
- 2019: Revenue of $5.0M, expenses of $3.0M, and assets of $52.0M (revenue -3.7% year-over-year).
- 2018: Revenue of $5.1M, expenses of $2.8M, and assets of $49.4M (revenue -3.1% year-over-year).
- 2017: Revenue of $5.3M, expenses of $2.7M, and assets of $45.7M (revenue +51.9% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.3M, and assets of $40.7M (revenue -40.7% year-over-year).
- 2015: Revenue of $5.9M, expenses of $2.1M, and assets of $39.8M (revenue +14.8% year-over-year).
- 2014: Revenue of $5.1M, expenses of $2.2M, and assets of $38.6M (revenue -1.6% year-over-year).
- 2013: Revenue of $5.2M, expenses of $2.2M, and assets of $32.9M (revenue +46.4% year-over-year).
- 2012: Revenue of $3.6M, expenses of $2.1M, and assets of $27.9M (revenue +7.8% year-over-year).
- 2011: Revenue of $3.3M, expenses of $1.5M, and assets of $26.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cortland College Foundation Inc:
Data Sources and Methodology
This transparency report for Cortland College Foundation 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.