Civic Intelligence

Broome Community College Foundation

EIN 23-7075704 • 501(c)3 • Binghamton, NY

View Organization Page

Profile

To raise and administer funds and build and maintain relationships that assist needy students; recognize and honor high-achieving students; help faculty and staff to provide the best instructional environment; and encourage innovation and achievement on campus

PO Box 1017Binghamton, NY 13902-1017

www.sunybroome.edu/alumniparentsfriend

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

32nd percentile

0.17x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

4th percentile

-61%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

37th percentile

$224,028

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

47th percentile

5.4%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Revenue Growth

9th percentile

-26%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$51,542,329

Up $2,352,053 (+4.8%) from 2024

Liabilities

Up

$397,837

Up $22,130 (+5.9%) from 2024

Net Assets

Up

$51,144,492

Up $2,329,923 (+4.8%) from 2024

Operations
Liabilities / Revenue32nd percentileNet Margin4th percentile

Revenue

Down

$2,278,567

Down $11,967,788 (-84%) from 2024

Expenses

Up

$3,660,694

Up $497,505 (+16%) from 2024

Net Income

Down

-$1,382,127

Down $12,465,293 (-112%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

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

$60M$40M$20M$0Assets 2011: $14,809,217Liabilities 2011: $317,963Net Assets 2011: $14,491,2542011Assets 2012: $16,226,426Liabilities 2012: $191,144Net Assets 2012: $16,035,2822012Assets 2013: $20,961,008Liabilities 2013: $1,664,535Net Assets 2013: $19,296,4732013Assets 2014: $43,226,992Liabilities 2014: $13,981,421Net Assets 2014: $29,245,5712014Assets 2015: $51,468,323Liabilities 2015: $18,992,821Net Assets 2015: $32,475,5022015Assets 2016: $33,149,028Liabilities 2016: $101,561Net Assets 2016: $33,047,4672016Assets 2017: $35,931,218Liabilities 2017: $90,285Net Assets 2017: $35,840,9332017Assets 2018: $36,635,028Liabilities 2018: $77,400Net Assets 2018: $36,557,6282018Assets 2019: $38,445,764Liabilities 2019: $739,046Net Assets 2019: $37,706,7182019Assets 2020: $38,801,780Liabilities 2020: $1,159,466Net Assets 2020: $37,642,3142020Assets 2021: $46,511,123Liabilities 2021: $249,783Net Assets 2021: $46,261,3402021Assets 2022: $43,389,261Liabilities 2022: $978,638Net Assets 2022: $42,410,6232022Assets 2023: $46,434,447Liabilities 2023: $296,275Net Assets 2023: $46,138,1722023Assets 2024: $49,190,276Liabilities 2024: $375,707Net Assets 2024: $48,814,5692024Assets 2025: $51,542,329Liabilities 2025: $397,837Net Assets 2025: $51,144,4922025

Highlighted filing

2025

Assets$51,542,329
Liabilities$397,837
Net Assets$51,144,492
Open 2025 Filing

Operations Trend

Revenue Growth9th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,183,5762011Expenses 2012: $1,434,6072012Expenses 2013: $1,665,1072013Revenue 2014: $9,628,091Expenses 2014: $2,430,464Net Income 2014: $7,197,6272014Revenue 2015: $8,630,374Expenses 2015: $4,068,797Net Income 2015: $4,561,5772015Revenue 2016: $4,194,717Expenses 2016: $2,421,020Net Income 2016: $1,773,6972016Revenue 2017: $2,024,394Expenses 2017: $2,265,241Net Income 2017: -$240,8472017Revenue 2018: $3,989,716Expenses 2018: $4,453,351Net Income 2018: -$463,6352018Revenue 2019: $2,478,744Expenses 2019: $3,553,540Net Income 2019: -$1,074,7962019Revenue 2020: $2,157,365Expenses 2020: $2,084,958Net Income 2020: $72,4072020Revenue 2021: $2,906,941Expenses 2021: $2,369,162Net Income 2021: $537,7792021Revenue 2022: $4,565,119Expenses 2022: $2,678,351Net Income 2022: $1,886,7682022Revenue 2023: $4,139,424Expenses 2023: $2,830,419Net Income 2023: $1,309,0052023Revenue 2024: $14,246,355Expenses 2024: $3,163,189Net Income 2024: $11,083,1662024Revenue 2025: $2,278,567Expenses 2025: $3,660,694Net Income 2025: -$1,382,1272025

Highlighted filing

2025

Revenue$2,278,567
Expenses$3,660,694
Net Income-$1,382,127
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$51,542,329
Liabilities
$397,837
Net assets
$51,144,492
Revenue
$2,278,567
Expenses
$3,660,694
Net income
-$1,382,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$0.40$51.1$2.28$3.66$1.38
2024Detailed filing. Detailed filing data is available for this year.$49.2$0.38$48.8$14.2$3.16$11.1
2023Detailed filing. Detailed filing data is available for this year.$46.4$0.30$46.1$4.14$2.83$1.31
2022Detailed filing. Detailed filing data is available for this year.$43.4$0.98$42.4$4.57$2.68$1.89
2021Detailed filing. Detailed filing data is available for this year.$46.5$0.25$46.3$2.91$2.37$0.54
2020Detailed filing. Detailed filing data is available for this year.$38.8$1.16$37.6$2.16$2.08$0.07
2019Detailed filing. Detailed filing data is available for this year.$38.4$0.74$37.7$2.48$3.55$1.07
2018Detailed filing. Detailed filing data is available for this year.$36.6$0.08$36.6$3.99$4.45$0.46
2017Detailed filing. Detailed filing data is available for this year.$35.9$0.09$35.8$2.02$2.27$0.24
2016Detailed filing. Detailed filing data is available for this year.$33.1$0.10$33.0$4.19$2.42$1.77
2015Detailed filing. Detailed filing data is available for this year.$51.5$19.0$32.5$8.63$4.07$4.56
2014Detailed filing. Detailed filing data is available for this year.$43.2$14.0$29.2$9.63$2.43$7.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$1.66$19.3$1.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.19$16.0$1.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$0.32$14.5$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$12,243,474
Mission and Program Overview

Mission

The Broome Community College Foundation strives to be among the most supportive community college foundations in the State University of New York System and in the country. We shall raise and administer funds and build and maintain relationships that (1) assist needy students, (2) recognize and honor high-achieving students, (3) help faculty and staff provide the best instructional environment possible, and (4) encourage innovation and achievement on campus, especially where government funds are either unavailable or insufficient.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$42,301,876$44,095,442▲ $1,793,566
Savings and Temporary Cash Investments$957,098$1,055,003▲ $97,905
Cash and Non-Interest-Bearing Accounts$370,030$370,315▲ $285
Pledges and Grants Receivable$298,415$368,881▲ $70,466
Prepaid Expenses and Deferred Charges$9,305$9,700▲ $395
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$49,190,276$51,542,329▲ $2,352,053
Other Assets Total$5,253,552$5,642,988▲ $389,436
Liabilities
Grants Payable$291,855$326,166▲ $34,311
Accounts Payable and Accrued Expenses$83,852$71,671▼ $12,181
Total Liabilities$375,707$397,837▲ $22,130
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,763,303$36,789,124▲ $2,025,821
Net Assets Without Donor Restrictions$14,051,266$14,355,368▲ $304,102
Total Net Assets Fund Balance$48,814,569$51,144,492▲ $2,329,923
Total Liabilities and Net Assets / Fund Balance$49,190,276$51,542,329▲ $2,352,053

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$76,543$76,543
Equipment$0$7,487$7,487
Other Assets Org$82,736--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$40,851,887$217,975▲ $4,466,424-$43,259,214
2023$38,274,103$644,053▲ $4,219,741-$40,851,887
2022$33,572,257$1,050,794▲ $5,729,897-$38,274,103
2021$38,532,423$3,118,268▼ $6,200,953-$33,572,257
2020$35,123,262$369,748▲ $4,588,107-$38,532,423
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catherine R WilliamsExecutive DirectorFT$177,937$46,091$224,028

Board Members and Trustees

NameTitle
Alex RacketaPresident
Nicole HuffVice President
Aishia J MortensonDirector
Anthony PanicciaDirector
Dawn YoungDirector
Douglas GarnarDirector
Dr Richard M RomanoDirector
Dr Tony D HawkinsDirector
Gerald E KettleDirector
Glenn R SmallDirector
Karen RoeskeDirector
Kay BolandDirector
LEO O'CONNORDirector
Mark PetersDirector
Mary Beth JonesDirector
Mary SurdeyDirector
Patrick ScanlanDirector
Paula PernaDirector
Peyton HawkesDirector
Robert Gleason IiiDirector
Robin EcclestonDirector
Tracey E WheelerDirector
Arthur C SmithDirector Emeritus
Dr Linda H BiemerDirector Emeritus
Lawrence C Anderson EsqDirector Emeritus
Margaret a TurnaDirector Emeritus
Maureen D WilsonDirector Emeritus
Richard J AllmanDirector Emeritus
Marcia SteinbrecherAssistant Secretary
Stephen GardnerAssistant Treasurer
Lorianne WelchSecretary
Kenneth H Kidder IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,115,102
Program Service Revenue
$0
Investment Income
$1,156,377
Other Revenue
$7,088
All Other Contributions
$1,115,102
Change in Net Assets
$-1,382,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,128,415
Revenue Not Reported on Financial Statements
$150,152
Revenue Not Reported on Form 990
$3,732,806
Total Revenue per Audited Statements
$5,861,221
Total Revenue per Form 990
$2,278,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,594,910
Salaries, Compensation, and Employee Benefits$764,738
Other Expenses$301,046
Total Fundraising Expense$298,377
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,594,910--$2,594,910
Other Salaries and Wages$132,768$179,090$88,498$400,356
Current Officers, Directors, Trustees, and Key Employees$75,439$34,881$112,546$222,866
Fees for Service Investment Mgmnt Fees-$150,152-$150,152
Other Employee Benefits$23,443$21,619$18,639$63,701
Information Technology$27,397$13,698$4,566$45,661
Payroll Taxes$14,063$14,761$13,861$42,685
Pension Plan Contributions$12,929$11,922$10,279$35,130
Fees for Services Accounting$11,250$5,625$1,875$18,750
Fees for Services Other$8,330$4,165$1,388$13,883
Travel-$2,236$7,471$9,707
Insurance-$8,279-$8,279
Other Expenses$970$1,366$3,800$5,166
All Other Expenses-$1,578$2,477$4,055
Office Expenses-$2,762$494$3,256
Fees for Services Legal$1,494$747$249$2,490
Conferences and Meetings--$1,250$1,250
Total Functional Expenses$2,906,816$455,501$298,377$3,660,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,660,694
Total Expenses per Audited Statements$3,531,298
Expenses per Audited Statements$3,510,542
Expenses Not Reported on Financial Statements$150,152
Expenses Not Reported on Form 990$20,756
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“Upon completion of the form 990, copies are forwarded to all the members of the governing body for their review. The executive committee may ask for modifications. Upon completion of the review and modifications, the executive committee will provide approval to file the form with the irs.”

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

“The boards reviews the conflict of interest policy annually and they complete an acknowledgement and receipt.”

Form 990, Part VI, Section B, Line 15

“It is the responsibility of the board of directors to determine that compensation for the foundation's executive director and other key employees is fair and equitable for the work required. This determination may require sampling of similar organizations in the community and other community college foundations. The appropriate level of compensation in any given year is subject to approval by the full board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents and policies are not made available to the public. The annual audited financial statements will be available for inspection at the foundation's office. This includes statements for the five fiscal years preceding the date of the request.”

Filing and Contact Details

Filer

Filer Name
Broome Community College Foundation Inc
EIN
23-7075704
Phone
6077785182
Address
PO BOX 1017, BINGHAMTON, NY 13902-1017

Signing Officer

Name
Catherine R Williams
Title
Executive Director
Phone
6077785182
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine R Williams
Formed
1965
Legal Domicile
Ny
Voting Board Members
32
Independent Board Members
32
Employees
9
Volunteers
32

Preparer

Firm
Dannible & Mckee Llp
Address
221 SOUTH WARREN ST, SYRACUSE, NY 13202
Preparer
Shannon T Forkin CPA
Phone
3154729127
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The foundation has not changed either its oversight process for the audit or selection process of an independent accountant during the tax year.”

Financial Statement Notes

PART V, LINE 4:

“The investment objective for the management of the endowment assets are to manage the contributions in a manner that will maximize the benefit intended by the donor, to produce current income to support the programs of the foundation and suny broome community college, and to achieve growth of both principal value and income over time sufficient to preserve or increase the purchasing power of the assets, thus protecting the assets against inflation.”

PART X, LINE 2:

“The foundation has reviewed its operations for uncertain tax positions and believes there are no significant exposures.”

Raw XML AppendixShowing 400 of 801 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/ActivityOrMissionDesc0THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT.
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IRS990/Form990PartVIISectionAGrp/PersonNm1NICOLE HUFF
IRS990/Form990PartVIISectionAGrp/PersonNm2KENNETH H KIDDER III
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm4LORIANNE WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm5MARCIA STEINBRECHER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARGARET A TURNA
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD J ALLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8LAWRENCE C ANDERSON ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm9MAUREEN D WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm10ARTHUR C SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm11DR LINDA H BIEMER
IRS990/Form990PartVIISectionAGrp/PersonNm12LEO O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm13PATRICK SCANLAN
IRS990/Form990PartVIISectionAGrp/PersonNm14MARY BETH JONES
IRS990/Form990PartVIISectionAGrp/PersonNm15PEYTON HAWKES
IRS990/Form990PartVIISectionAGrp/PersonNm16DOUGLAS GARNAR
IRS990/Form990PartVIISectionAGrp/PersonNm17KAY BOLAND
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT GLEASON III
IRS990/Form990PartVIISectionAGrp/PersonNm19PAULA PERNA
IRS990/Form990PartVIISectionAGrp/PersonNm20AISHIA J MORTENSON
IRS990/Form990PartVIISectionAGrp/PersonNm21ANTHONY PANICCIA
IRS990/Form990PartVIISectionAGrp/PersonNm22KAREN ROESKE
IRS990/Form990PartVIISectionAGrp/PersonNm23DAWN YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm24GLENN R SMALL
IRS990/Form990PartVIISectionAGrp/PersonNm25GERALD E KETTLE
IRS990/Form990PartVIISectionAGrp/PersonNm26ROBIN ECCLESTON
IRS990/Form990PartVIISectionAGrp/PersonNm27MARK PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm28DR RICHARD M ROMANO
IRS990/Form990PartVIISectionAGrp/PersonNm29DR TONY D HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm30MARY SURDEY
IRS990/Form990PartVIISectionAGrp/PersonNm31TRACEY E WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm32CATHERINE R WILLIAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT.
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