Northern New York Community Foundation Inc
Northern New York Community Foundation demonstrates strong asset growth and no reported officer compensation over the past decade.
EIN: 156020989 · Watertown, NY · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39.5M |
| Total Expenses | $5.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $152M |
| Net Assets | $137.8M |
| Transparency Score | 92/100 |
Is Northern New York Community Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern New York Community Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern New York Community Foundation Inc
Northern New York Community Foundation Inc (EIN: 156020989) is a nonprofit organization based in Watertown, NY, classified under NTEE code T31. The organization reported total revenue of $39.5M and total assets of $172.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern New York Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern New York Community Foundation Inc is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.2M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$13.4M |
| Total Assets | $152.6M |
| Total Liabilities | $14.7M |
| Net Assets | $137.8M |
| Operating Margin | 69.8% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 315.1 months |
Financial Health Grade: A
In 2023, Northern New York Community Foundation Inc reported a surplus of $13.4M with revenue exceeding expenses, holds 315.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northern New York Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.0% | +13.2% | +19.5% |
| 2022 | -30.7% | +24.5% | -9.6% |
| 2021 | +73.4% | -11.0% | +16.3% |
| 2020 | -25.8% | -6.2% | +9.9% |
| 2019 | +29.3% | +45.6% | +23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Northern New York Community Foundation Inc with a Mission Score of 92 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, Northern New York Community Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, which is highly unusual for an organization of this size ($152M+ assets). This practice, if accurate, suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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 Northern New York Community Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size could indicate a reporting anomaly or a complex compensation structure that warrants further investigation for full transparency.
Strengths
The following positive indicators were identified for Northern New York Community Foundation Inc:
- Exceptional asset growth, more than doubling from $60 million in 2014 to over $152 million in 2023.
- Consistent reporting of 0% officer compensation, suggesting a strong focus on mission-related spending.
- Stable expense levels relative to asset growth, indicating efficient operations.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Northern New York Community Foundation Inc
Is Northern New York Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern New York Community Foundation Inc (EIN: 156020989) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Northern New York Community Foundation Inc spend its money?
Northern New York Community Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern New York Community Foundation Inc tax-deductible?
Northern New York Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 156020989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northern New York Community Foundation Inc CEO make?
Northern New York Community Foundation Inc's highest-compensated officer earns $152M annually. The organization reported $39.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Northern New York Community Foundation Inc's spending goes to programs?
Northern New York Community Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern New York Community Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Northern New York Community Foundation Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern New York Community Foundation Inc located?
Northern New York Community Foundation Inc is headquartered in Watertown, New York and files with the IRS under EIN 156020989. It is classified under NTEE code T31.
How many years of IRS 990 filings does Northern New York Community Foundation Inc have?
Northern New York Community 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 $39.5M in total revenue.
Is Northern New York Community Foundation Inc a good charity?
Based on its consistent asset growth from $60 million in 2014 to over $152 million in 2023, and the reported 0% officer compensation, the organization appears to be a very good charity, effectively managing its resources and focusing on its mission.
How has the organization's financial health changed over time?
The organization has shown remarkable financial growth, with assets more than doubling from $60,069,854 in 2014 to $152,557,376 in 2023, indicating strong financial management and increasing capacity to serve its community.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant, suggesting that either executive leadership is entirely volunteer-based, compensated through a separate entity, or that compensation is categorized differently. If truly unpaid, it reflects an exceptional dedication to maximizing funds for programmatic use.
Filing History
IRS 990 filing history for Northern New York Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northern New York Community Foundation Inc's revenue has grown by 1882.4%, moving from $970K to $19.2M. Total assets increased by 316.1% over the same period, from $36.7M to $152.6M. Total functional expenses rose by 166%, from $2.2M to $5.8M. In its most recent filing year (2023), Northern New York Community Foundation Inc reported a surplus of $13.4M, with revenue exceeding expenses. The organization holds $14.7M in liabilities against $152.6M in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $137.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.2M | $5.8M | $152.6M | $14.7M | — | — |
| 2022 | $11.2M | $5.1M | $127.7M | $12.9M | — | View 990 |
| 2021 | $16.1M | $4.1M | $141.2M | $13.7M | — | View 990 |
| 2020 | $9.3M | $4.6M | $121.4M | $12.3M | — | View 990 |
| 2019 | $12.5M | $4.9M | $110.5M | $11.0M | — | View 990 |
| 2018 | $9.7M | $3.4M | $89.5M | $9.3M | — | View 990 |
| 2017 | $17.5M | $4.9M | $85.9M | $8.9M | — | — |
| 2016 | $14.1M | $3.4M | $73.8M | $8.6M | — | View 990 |
| 2015 | $5.3M | $3.1M | $62.3M | $6.8M | — | View 990 |
| 2014 | $13.6M | $3.9M | $60.1M | $5.3M | — | View 990 |
| 2013 | $12.0M | $2.5M | $50.4M | $3.7M | — | View 990 |
| 2012 | $7.3M | $2.7M | $41.2M | $3.2M | — | View 990 |
| 2011 | $970K | $2.2M | $36.7M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.2M, expenses of $5.8M, and assets of $152.6M (revenue +72.0% year-over-year).
- 2022: Revenue of $11.2M, expenses of $5.1M, and assets of $127.7M (revenue -30.7% year-over-year).
- 2021: Revenue of $16.1M, expenses of $4.1M, and assets of $141.2M (revenue +73.4% year-over-year).
- 2020: Revenue of $9.3M, expenses of $4.6M, and assets of $121.4M (revenue -25.8% year-over-year).
- 2019: Revenue of $12.5M, expenses of $4.9M, and assets of $110.5M (revenue +29.3% year-over-year).
- 2018: Revenue of $9.7M, expenses of $3.4M, and assets of $89.5M (revenue -44.7% year-over-year).
- 2017: Revenue of $17.5M, expenses of $4.9M, and assets of $85.9M (revenue +24.1% year-over-year).
- 2016: Revenue of $14.1M, expenses of $3.4M, and assets of $73.8M (revenue +164.9% year-over-year).
- 2015: Revenue of $5.3M, expenses of $3.1M, and assets of $62.3M (revenue -60.8% year-over-year).
- 2014: Revenue of $13.6M, expenses of $3.9M, and assets of $60.1M (revenue +13.7% year-over-year).
- 2013: Revenue of $12.0M, expenses of $2.5M, and assets of $50.4M (revenue +63.3% year-over-year).
- 2012: Revenue of $7.3M, expenses of $2.7M, and assets of $41.2M (revenue +655.0% year-over-year).
- 2011: Revenue of $970K, expenses of $2.2M, and assets of $36.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern New York Community Foundation Inc:
Data Sources and Methodology
This transparency report for Northern New York Community 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.