Civic Intelligence

Finger Lakes Area Community Endowment

EIN 16-1467675 • 501(c)3 • Canandaigua, NY

Profile

The finger lakes area community endowment ("community endowment") was organized to raise funds from private and public sources for area philanthropic purposes and to allocate and distribute funds to charitable organizations that qualify as exempt under the law, section 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law), or individuals who qualify as suitable beneficiaries under the law.

72 South Main StreetCanandaigua, NY 14424

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

28th percentile

-2.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

26th percentile

-1.5%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$20,012,115

Down $314,943 (-1.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$20,012,115

Down $314,943 (-1.5%) from 2023

Revenue

Up

$5,261,188

Up $698,804 (+15%) from 2023

Expenses

Up

$5,395,070

Up $624,703 (+13%) from 2023

Net Income

Up

-$133,882

Up $74,101 (+36%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $6,142,694Liabilities 2010: $0Net Assets 2010: $6,142,6942010Assets 2011: $6,434,736Liabilities 2011: $0Net Assets 2011: $6,434,7362011Assets 2012: $7,233,199Liabilities 2012: $0Net Assets 2012: $7,233,1992012Assets 2013: $9,259,502Liabilities 2013: $0Net Assets 2013: $9,259,5022013Assets 2014: $9,918,761Liabilities 2014: $0Net Assets 2014: $9,918,7612014Assets 2015: $8,481,320Liabilities 2015: $0Net Assets 2015: $8,481,3202015Assets 2016: $9,467,494Liabilities 2016: $0Net Assets 2016: $9,467,4942016Assets 2017: $11,234,266Liabilities 2017: $0Net Assets 2017: $11,234,2662017Assets 2018: $11,786,405Liabilities 2018: $0Net Assets 2018: $11,786,4052018Assets 2019: $15,865,788Liabilities 2019: $0Net Assets 2019: $15,865,7882019Assets 2020: $17,790,917Liabilities 2020: $0Net Assets 2020: $17,790,9172020Assets 2021: $22,041,083Liabilities 2021: $0Net Assets 2021: $22,041,0832021Assets 2022: $20,437,572Liabilities 2022: $0Net Assets 2022: $20,437,5722022Assets 2023: $20,327,058Liabilities 2023: $0Net Assets 2023: $20,327,0582023Assets 2024: $20,012,115Liabilities 2024: $0Net Assets 2024: $20,012,1152024

Highlighted filing

2024

Assets$20,012,115
Liabilities$0
Net Assets$20,012,115

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,334,8422010Revenue 2011: $880,798Expenses 2011: $990,985Net Income 2011: -$110,1872011Expenses 2012: $1,370,9782012Revenue 2013: $3,273,204Expenses 2013: $1,687,063Net Income 2013: $1,586,1412013Revenue 2014: $2,996,929Expenses 2014: $2,149,982Net Income 2014: $846,9472014Revenue 2015: $2,338,685Expenses 2015: $3,116,372Net Income 2015: -$777,6872015Revenue 2016: $2,208,975Expenses 2016: $1,549,579Net Income 2016: $659,3962016Revenue 2017: $3,781,715Expenses 2017: $2,630,120Net Income 2017: $1,151,5952017Revenue 2018: $5,390,163Expenses 2018: $4,195,502Net Income 2018: $1,194,6612018Revenue 2019: $6,681,550Expenses 2019: $3,708,936Net Income 2019: $2,972,6142019Revenue 2020: $4,658,674Expenses 2020: $3,333,363Net Income 2020: $1,325,3112020Revenue 2021: $6,723,172Expenses 2021: $3,940,989Net Income 2021: $2,782,1832021Revenue 2022: $4,726,079Expenses 2022: $5,251,549Net Income 2022: -$525,4702022Revenue 2023: $4,562,384Expenses 2023: $4,770,367Net Income 2023: -$207,9832023Revenue 2024: $5,261,188Expenses 2024: $5,395,070Net Income 2024: -$133,8822024

Highlighted filing

2024

Revenue$5,261,188
Expenses$5,395,070
Net Income-$133,882

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$0.00$20.0$5.26$5.40$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$0.00$20.3$4.56$4.77$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$0.00$20.4$4.73$5.25$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$0.00$22.0$6.72$3.94$2.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$0.00$17.8$4.66$3.33$1.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.00$15.9$6.68$3.71$2.97
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.00$11.8$5.39$4.20$1.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$0.00$11.2$3.78$2.63$1.15
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.47$0.00$9.47$2.21$1.55$0.66
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.48$0.00$8.48$2.34$3.12$0.78
2014Detailed filing. Detailed filing data is available for this year.$9.92$0.00$9.92$3.00$2.15$0.85
2013Detailed filing. Detailed filing data is available for this year.$9.26$0.00$9.26$3.27$1.69$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.23$0.00$7.23$1.37
2011Summary only. Only limited summary data is available for this year.$6.43$0.00$6.43$0.88$0.99$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$0.00$6.14$1.33
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$9,440,542
Mission and Program Overview

Mission

The finger lakes area community endowment ("community endowment") was organized to raise funds from private and public sources for area philanthropic purposes and to allocate and distribute funds to charitable organizations that qualify as exempt under the law, section 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law), or individuals who qualify as suitable beneficiaries under the law.

Area philanthropic support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,811,284$11,780,917▼ $2,030,367
Savings and Temporary Cash Investments$7,229,799$6,829,459▼ $400,340
Other Notes and Loans Receivable, Net$1,000,000$1,000,000→ $0
Total Assets$22,041,083$20,437,572▼ $1,603,511
Other Assets Total$0$827,196▲ $827,196
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$19,489,287$18,185,218▼ $1,304,069
Net Assets Without Donor Restrictions$2,551,796$2,252,354▼ $299,442
Total Net Assets Fund Balance$22,041,083$20,437,572▼ $1,603,511
Total Liabilities and Net Assets / Fund Balance$22,041,083$20,437,572▼ $1,603,511
Compensation and Service Providers

Board Members and Trustees

NameTitle
Deborah CuletonAdvisory Board
Frank HamlinAdvisory Board
George W Hamlin IvAdvisory Board
Ginny RyanAdvisory Board
Michael StoneAdvisory Board
Russ KenyonAdvisory Board
Bowee ClarkInstitutional Trustee
Kirsten JohnsonInstitutional Trustee
Megan BarkleyInstitutional Trustee
Molly RodriguezInstitutional Trustee
Rita Nischal EsqInstitutional Trustee
Scott TrumbowerInstitutional Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,721,972
Program Service Revenue
$0
Investment Income
$1,004,107
Other Revenue
$0
All Other Contributions
$3,721,972
Change in Net Assets
$-525,470

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$720,349Fair Market Value (FMV), Date of Donation
Total Noncash Contributions$720,349-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,726,079
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,766,083
Total Revenue per Audited Statements
$2,959,996
Total Revenue per Form 990
$4,726,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,176,329
Other Expenses$75,220
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,176,329--$5,176,329
Fees for Service Investment Mgmnt Fees-$75,220-$75,220
Total Functional Expenses$5,176,329$75,220$0$5,251,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,251,549
Total Expenses per Audited Statements$5,251,549
Total Expenses per Form 990$5,251,549
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of the Naples Library IncNaples, NY501(c)(3)Support for Local Nonprofit Organization$780,000
United Way of Greater RochesterRochester, NY501(c)(3)Support for Local Nonprofit Organization$581,292
Flace - Dream Big Inclusion in MotionPittsford, NY501(c)(3)Support for Local Nonprofit Organization$407,500
Canandaigua Comfort Care Home IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$255,000
First Congregational ChurchCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$232,000
Reach Advocacy IncRochester, NY501(c)(3)Support for Local Nonprofit Organization$124,845
Fort Hill Performing Arts CenterCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$124,000
Deer River Ranch IncCopenhagen, NY501(c)(3)Support for Local Nonprofit Organization$110,632
New Energy WorksCanandaigua, NY-Support for Local Nonprofit Organization$106,594
ST MARY'S CHURCHWatkins Glen, NY501(c)(3)Support for Local Nonprofit Organization$100,000
Finger Lakes MuseumBranchport, NY501(c)(3)Support for Local Nonprofit Organization$69,133
George M Ewing Canandaigua ForumRochester, NY501(c)(3)Support for Local Nonprofit Organization$68,000
Architectural Sheet Metal Specialties IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$67,983
Eastman School of MusicRochester, NY501(c)(3)Support for Local Nonprofit Organization$60,000
Rochester Museum & Science CenterCanandaigua, NY-Support for Local Nonprofit Organization$55,000
Hamlin Robinson SchoolSeattle, WA501(c)(3)Support for Local Nonprofit Organization$46,362
Parkitects IncRochester, NY-Support for Local Nonprofit Organization$45,846
Flace Neighbor to Neighbor FundCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$43,500
The Spot - Canandaigua IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$41,000
Asbury First United Methodist ChurchRochester, NY501(c)(3)Support for Local Nonprofit Organization$38,482
Castle Harvester Metal FabricatorsSeneca Castle, NY501(c)(3)Support for Local Nonprofit Organization$30,000
The Hochstein SchoolRochester, NY501(c)(3)Support for Local Nonprofit Organization$30,000
Keystone Concrete Products IncNew Holland, PA-Support for Local Nonprofit Organization$28,893
Boys & Girls Club of Geneva New YorkGeneva, NY501(c)(3)Support for Local Nonprofit Organization$25,000
Bristol Hills Historical SocietyNaples, NY501(c)(3)Support for Local Nonprofit Organization$25,000
Ecologic StudioBuffalo, NY501(c)(3)Support for Local Nonprofit Organization$20,292
American Program BureauNewton, MA501(c)(3)Support for Local Nonprofit Organization$20,000
Cobblestone Arts CenterFarmington, NY501(c)(3)Support for Local Nonprofit Organization$20,000
Ff Thompson Foundation IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$20,000
Superior Plumbing Service--Support for Local Nonprofit Organization$16,000
Apple Hill Center for Chamber MusicNelson, NH501(c)(3)Support for Local Nonprofit Organization$15,000
Little Lakes Community Association IncHemlock, NY-Support for Local Nonprofit Organization$15,000
United Way of Ontario County IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$15,000
Victor Central Schools Educational FoundationVictor, NY501(c)(3)Support for Local Nonprofit Organization$15,000
Water for South Sudan Inc--Support for Local Nonprofit Organization$15,000
The Research Foundation for the State University of New YorkRochester, NY-Support for Local Nonprofit Organization$12,713
Honeoye-richmond Historical SocietyHoneoye, NY-Support for Local Nonprofit Organization$12,000
SAINT'S PLACERochester, NY-Support for Local Nonprofit Organization$11,349
FRED'S FLAGSFairport, NY501(c)(3)Support for Local Nonprofit Organization$11,000
Onya - Ontarioyates Fund for Women and GirlsCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$10,429
Pegasus Early MusicWaterloo, NY-Support for Local Nonprofit Organization$10,313
Cornell UniversityIthaca, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Craig FoundationEnglewood, CO501(c)(3)Support for Local Nonprofit Organization$10,000
First Unitarian Church of RochesterRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Foodlink IncRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Garth Fagan Dance AcademyRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
George Eastman MuseumRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Greater Canandaigua Civic CenterCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Michael MurphyFarmington, NY-Support for Local Nonprofit Organization$10,000
New York KitchenBuffalo, NY-Support for Local Nonprofit Organization$10,000
R Bruno ElectricAlbany, NY-Support for Local Nonprofit Organization$10,000
Robert ShrumPittsford, NY-Support for Local Nonprofit Organization$10,000
Rochester Community FoundationRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
The Finger Lakes Land Trust IncIthaca, NY501(c)(3)Support for Local Nonprofit Organization$10,000
Wxxi Public Broadcasting CouncilRochester, NY501(c)(3)Support for Local Nonprofit Organization$10,000
LEONARD'S EXPRESS INCFarmington, NY-Support for Local Nonprofit Organization$7,500
Ability Partners Foundation - Happiness HouseGeneva, NY501(c)(3)Support for Local Nonprofit Organization$6,000
Finger Lakes Community College FoundationCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$6,000
First United Methodist ChurchCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$6,000
Friends of Ontario Arc Foundation IncCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$6,000
Hennepin Avenue United Methodist Church - the Dignity CenterMinneapolis, MN501(c)(3)Support for Local Nonprofit Organization$6,000
Canandaigua Emergency SquadCanandaigua, NY501(c)(3)Support for Local Nonprofit Organization$5,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

George w. Hamlin, iv, advisory board member, is the father of frank hamlin who is also an advisory board member. Sandy stone, advisory board member, is the mother of michael stone who is also an advisory board member.

Form 990, Part VI, Section B, Line 11B

A draft copy of form 990 was submitted to and reviewed by the principal officer.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest are monitored on a case by case situation using the irs publication 526. Management reviews the potential conflicts of interest and uses the publication as a guide in assessing their written conflict of interest policies.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request to the public.

Filing and Contact Details

Filer

Filer Name
Finger Lakes Area Community Endowment
EIN
16-1467675
Phone
5853944260
Address
72 SOUTH MAIN STREET, CANANDAIGUA, NY 14424

Signing Officer

Name
Kurt Rosen
Title
Trustee
Phone
5854190670
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George W Hamlin Iv
Formed
1994
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
100 SOUTH CLINTON AVE SUITE 1500, ROCHESTER, NY 14604
Preparer
Christopher Johnston
Phone
5854278900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The organization maintains its book and prepares its financial statements on the accrual basis of accounting. Prior to january 1, 2022, the modified cash basis of accounting was used for reporting purposes. Net assets as of that date have been restated to reflect adoption of the accrual basis of accounting, resulting in an increase in net assets of $688,042.

FORM 990, PART XII, LINE 2C:

A draft copy of the financial statements was submitted to and reviewed by the principal officer, a member of the advisory board.

Financial Statement Notes

PART X, LINE 2:

The organization is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. As a result, the organization is not subject to federal or new york state income taxes on revenues generated from its not-for-profit activities. The organization recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management believes that the organization is currently operating in compliance with the applicable requirements of the internal revenue code. Therefore, no liability for unrecognized tax benefits has been included on the organization's financial statements. The exempt organization's informational returns are subject to audit by various taxing authorities.

Raw XML AppendixShowing 400 of 990 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt5ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt6INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10INSTITUTIONAL TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11INSTITUTIONAL TRUSTEE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION IS NOT SUBJECT TO FEDERAL OR NEW YORK STATE INCOME TAXES ON REVENUES GENERATED FROM ITS NOT-FOR-PROFIT ACTIVITIES. THE ORGANIZATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE ORGANIZATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE EXEMPT ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES.
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc27501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc28501(C)(3)

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