Onondaga Community College Foundation Inc
Onondaga Community College Foundation: Strong Asset Growth, but Transparency Lacking
EIN: 222318303 · Syracuse, NY · NTEE: B41I · Updated: 2026-04-04
About Onondaga Community College Foundation Inc
Onondaga Community College Foundation Inc (EIN: 222318303) is a nonprofit organization based in Syracuse, NY, classified under NTEE code B41I. The organization reported total revenue of $4.3M and total assets of $30.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Onondaga Community College Foundation 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 Onondaga Community College Foundation Inc with a Mission Score of 85 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Onondaga Community College Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing an assessment of its reasonableness relative to the organization's size and mission.
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 Onondaga Community College Foundation Inc's IRS 990 filings:
- Lack of detailed program spending information makes it difficult to verify the direct impact of donations.
- Absence of executive compensation data prevents a full financial transparency review.
Strengths
The following positive indicators were identified for Onondaga Community College Foundation Inc:
- Significant asset growth from $14.2M in 2016 to $30.7M in 2023, indicating strong financial management and donor confidence.
- Consistent revenue generation, with a notable increase to $4.2M in 2023.
- Low liability-to-asset ratio, suggesting financial stability.
Frequently Asked Questions about Onondaga Community College Foundation Inc
What does Onondaga Community College Foundation Inc do?
Onondaga Community College Foundation Inc is a nonprofit organization in the Education sector, located in Syracuse, New York. It is classified under NTEE code B41I.
How much revenue does Onondaga Community College Foundation Inc have?
Onondaga Community College Foundation Inc reported total revenue of $4,255,815. Based on 13 IRS 990 filings on record.
What are Onondaga Community College Foundation Inc's total assets?
Onondaga Community College Foundation Inc holds total assets of $30,779,466 as reported in IRS 990 filings.
Where is Onondaga Community College Foundation Inc located?
Onondaga Community College Foundation Inc is based in Syracuse, New York.
What is Onondaga Community College Foundation Inc's EIN?
Onondaga Community College Foundation Inc's Employer Identification Number (EIN) is 222318303. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Onondaga Community College Foundation Inc?
Onondaga Community College Foundation Inc is classified under NTEE code B41I (Education).
Is Onondaga Community College Foundation Inc a registered 501(c)(3)?
Yes, Onondaga Community College Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222318303.
Does Onondaga Community College Foundation Inc file IRS Form 990?
Yes, Onondaga Community College Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Onondaga Community College Foundation Inc's revenue in 2023?
In the 202308 filing period, Onondaga Community College Foundation Inc reported total revenue of $6,430,764, total expenses of $1,298,516, and net assets of $24,497,616.
Is Onondaga Community College Foundation Inc's revenue growing or declining?
Onondaga Community College Foundation Inc's revenue is growing. Revenue went from $3,783,462 (202208) to $6,430,764 (202308), a +70.0% change. Based on 13 filings on record.
What is Onondaga Community College Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Onondaga Community College Foundation Inc covers tax period 202308. It shows revenue of $6,430,764, expenses of $1,298,516, total assets of $24,497,616, and liabilities of $44,286.
How much does Onondaga Community College Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Onondaga Community College Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Onondaga Community College Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Onondaga Community College Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Onondaga Community College Foundation Inc?
The following concerns were identified: Lack of detailed program spending information makes it difficult to verify the direct impact of donations.. Absence of executive compensation data prevents a full financial transparency review.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Onondaga Community College Foundation Inc's strengths?
Positive indicators for Onondaga Community College Foundation Inc include: Significant asset growth from $14.2M in 2016 to $30.7M in 2023, indicating strong financial management and donor confidence.. Consistent revenue generation, with a notable increase to $4.2M in 2023.. Low liability-to-asset ratio, suggesting financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Onondaga Community College Foundation Inc compensate executives?
Executive compensation details are not provided in the given data, preventing an assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth, what specific strategies are in place to ensure these assets are optimally leveraged to directly benefit Onondaga Community College students and programs?
While asset growth is evident, the data does not detail specific investment strategies or how the increased endowment directly translates into new or expanded student support services, scholarships, or academic programs at OCC.
Filing History
IRS 990 filing history for Onondaga Community College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Onondaga Community College Foundation Inc's revenue has grown by 479.5%, moving from $1.1M to $6.4M. Total assets increased by 106.4% over the same period, from $11.9M to $24.5M. Total functional expenses rose by 126.3%, from $574K to $1.3M. In its most recent filing year (2023), Onondaga Community College Foundation Inc reported a surplus of $5.1M, with revenue exceeding expenses. The organization holds $44K in liabilities against $24.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $24.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $1.3M | $24.5M | $44K | — | — |
| 2022 | $3.8M | $1.3M | $20.0M | $26K | — | View 990 |
| 2021 | $1.4M | $1.2M | $22.2M | $25K | — | — |
| 2020 | $1.4M | $1.2M | $19.5M | $168K | — | — |
| 2019 | $2.0M | $1.8M | $18.7M | $109K | — | View 990 |
| 2018 | $1.6M | $1.2M | $18.9M | $34K | — | View 990 |
| 2017 | $1.2M | $1.5M | $14.7M | $35K | — | View 990 |
| 2016 | $1.7M | $1.6M | $14.3M | $109K | — | View 990 |
| 2015 | $1.9M | $1.2M | $14.1M | $47K | — | View 990 |
| 2014 | $2.2M | $1.2M | $14.2M | $190K | — | View 990 |
| 2013 | $2.7M | $1.0M | $12.2M | $182K | — | View 990 |
| 2012 | $2.6M | $3.8M | $10.9M | $88K | — | View 990 |
| 2011 | $1.1M | $574K | $11.9M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $1.3M, and assets of $24.5M (revenue +70.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $1.3M, and assets of $20.0M (revenue +177.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $22.2M (revenue -2.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $19.5M (revenue -31.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $18.7M (revenue +23.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.2M, and assets of $18.9M (revenue +35.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.5M, and assets of $14.7M (revenue -27.8% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $14.3M (revenue -12.9% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.2M, and assets of $14.1M (revenue -12.8% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.2M, and assets of $14.2M (revenue -18.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $1.0M, and assets of $12.2M (revenue +4.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $3.8M, and assets of $10.9M (revenue +134.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $574K, and assets of $11.9M.
Data Sources and Methodology
This transparency report for Onondaga Community 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.