2024-12-19T15:59:00-06:00 2024-08-31 161506673 JOHN S TRUSSALO CPA PC 315 N MAIN ST 200 JAMESTOWN NY 14701 990 2023-09-01 161191893 JAMESTOWN COMMUNITY COLLEGE FOUNDATION INC JAME 7163381010 525 FALCONER STREET JAMESTOWN NY 14701 WADE WEATHERLOW PRESIDENT 7163381010 2024-12-18 1 1 JOHN TRUSSALO CPA P00335558 7164872910 2024-12-18 2023 2024-10-15 13:58:12Z WADE WEATHERLOW 525 FALCONER STREET JAMESTOWN NY 14701 10945621 0 X JCCFOUNDATION.COM X 1982 NY TO BENEFIT JAMESTOWN COMMUNITY COLLEGE 17 16 0 0 0 0 733031 1425208 12012 7914 879984 1556382 238472 273856 1863499 3263360 1350561 3489394 0 0 276035 290059 0 0 25515 367719 223181 1994315 4002634 -130816 -739274 26815017 28149357 1030439 846284 25784578 27303073 X TO BENEFIT JAMESTOWN COMMUNITY COLLEGE IN CARRYING OUT ITS EDUCATIONAL, SCIENTIFIC, CAPITAL AND CULTURAL PROGRAMS. 0 0 2736727 2736727 7914 PROVIDED RESOURCES TO JAMESTOWN COMMUNITY COLLEGE IN CARRYING OUT ITS EDUCATIONAL, SCIENTIFIC, AND CULTURAL PROGRAMS, INCLUDING SCHOLARSHIPS FOR STUDENTS, RESKILLING INITIATIVES AND CAPITAL EXPENDITURES. 702667 702667 INDIRECT PROGRAM SUPPORT TO OLEAN BUSINESS DEVELOPMENT CORPORATION (A NOT-FOR PROFIT ORGANIZATION) TO IMPLEMENT RESKILLING INITIATIVES FOR COLLEGE STUDENTS. 86872 50000 PROGRAM SERVICE SUPPORT. INCLUDES $50,000 GRANT TO JAMESTOWN COMMUNITY COLLEGE FACULTY STUDENT ASSOCIATION FOR STUDENT ATHLETICS TRANSPORTATION, $24,400 FOR COLLEGE STADIUM DEVELOPMENT AND $12,472 FOR THE COLLEGE SPECIAL PURPOSE FUND. 83368 EDUCATION RELATED PROGRAMS INCLUDING PROGRAM DISBURSEMENTS $54,684 AND STUDENT SCHOLARSHIPS AND GRANTS $28,684. 83368 3609634 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE FOUNDATION 7163381010 525 FALCONER STREET JAMESTOWN NY 14701 X WADE WEATHERLOW PRESIDENT 2.00 X X 0 0 0 STEVEN SWANSON VICE PRESIDENT 1.00 X X 0 0 0 HADLEY WEINBERG TREASURER 1.00 X X 0 0 0 KEVIN SAFF SECRETARY 1.00 X X 0 0 0 TODD ALLEN DIRECTOR 1.00 X 0 0 0 DANIEL DEMARTE DIRECTOR 1.00 X 0 0 0 KURT EIMILLER DIRECTOR 1.00 X 0 0 0 KATIE GEISE DIRECTOR 1.00 X 0 0 0 ANDREA HASKELL DIRECTOR 1.00 X 0 0 0 PAUL HEDIN DIRECTOR 1.00 X 0 0 0 GREGORY JONES DIRECTOR 1.00 X 0 0 0 REBECCA NYSTROM DIRECTOR 1.00 X 0 0 0 ANDREW PASCARELLA DIRECTOR 1.00 X 0 0 0 LORIE RUNGE DIRECTOR 1.00 X 0 0 0 MATTHEW SCHUTTE DIRECTOR 1.00 X 0 0 0 WARK WARD DIRECTOR 1.00 X 0 0 0 MEME YANETSKO DIRECTOR 1.00 X 0 0 0 0 0 0 1 0 0 0 0 1425208 1425208 GALA EVENT 611710 7914 7914 7914 527956 527956 440000 205905 234095 234095 234095 8481734 7453308 1028426 1028426 1028426 62809 23048 39761 39761 3263360 7914 0 1830238 3489394 3489394 236344 236344 35635 35635 18080 18080 18880 18880 25649 25649 12360 12360 5138 5138 7474 7474 2505 2505 3157 3157 PROGRAM DISBURSEMENTS-E 54684 54684 STUDENT SCHOLARSHIPS 28684 28684 STADIUM DEVELOPMENT 24400 24400 DEVELOPMENT 18041 18041 22209 12472 9737 4002634 3609634 367485 25515 370888 342748 50000 25000 411 0 100000 0 4249886 2934808 1428826 1315078 24815817 26413080 49075 53451 26815017 28149357 55745 94343 950000 730000 24694 21941 1030439 846284 X 4568721 4875747 21215857 22427326 25784578 27303073 26815017 28149357 X -739274 2255016 2753 X X 0 1 X 1 0 X X X 1 JAMESTOWN COMMUNITY COLLEGE 166002650 10 1 2761127 0 1 2761127 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 1 0 FORM 990 SCHEDULE A,PART IV,SECTION E LINE 2A THE EXCLUSIVE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF JAMESTOWN COMMUNITY COLLEGE. DURING THE YEAR ENDED AUGUST 31,2024, THE FOUNDATION PROVIDED STUDENT SCHOLARSHIPS, RELATED PROGRAM DISBURSEMENTS AND PROGRAM DEVELOPENT FUNDING TOTALING $2,736,727 TO JAMESTOWN COMMUNITY COLLEGE COMPRISED OF THE FOLLOWING: STUDENT SCHOLARSHIPS $475,275; RELATED PROGRAM DISBURSEMENTS $2,190,852; SPECIAL USE INITIATIVE $70,600. ALL DISBURSEMENTS WERE FOR THE DIRECT FURTHERANCE OF THE ACTIVITIES OF JAMESTOWN COMMUNITY COLLEGE AND ITS STUDENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 50 424830 1 1 22124086 1464969 3524432 503959 2845546 288590 23475392 21252519 763561 2071076 539293 1159639 264138 22124086 23716388 2798959 -3276878 446285 1274051 265614 21252519 18250662 1665606 4816540 578788 191443 246189 23716388 17037122 305123 2237992 556050 548155 225370 18250662 0.04465 0.44468 0.51067 0 0 100000 100000 3881437 2744262 1137175 234264 34185 190546 77903 1315078 FAIR VALUE OF DERIVATIVE INSTRUMENT 21941 21941 X 5495480 2255016 2753 2257769 3237711 25649 25649 3263360 3976985 0 3976985 25649 25649 4002634 PART V, LINE 4: ENDOWMNENT NET ASSETS WILL BE UTILIZED TO BENEFIT THE EDUCATIONAL PROGRAMS AND CAPITAL PROJECTS OF JAMESTOWN COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED AUGUST 31, 2024, 2023, AND 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON DERIVATIVE INSTRUMENT 2,753. GOLF OUTING JAMESTOWN, NY 16996 16996 6188 GOLF OUTING, OLEAN, NY 31271 31271 16158 3 14542 14542 702 62809 62809 23048 23048 39761 1 JAMESTOWN COMMUNITY COLLEGE 525 FALCONER STREET JAMESTOWN NY 14701 166002650 501(C)(3) 2736727 0 CASH STUDENT SCHOLARSHIPS $475,275; RESKILLING INITIATIVE $595,817 PROGRAM DISBURSEMENTS $1,595,035; SPECIAL USE INITIATIVE $70,600 JAMESTOWN CAMPUS OF THE JAMESTOWN COMMUNITY COLLEGE FACULTY-STUDENT ASSOCIA 525 FALCONER STREET JAMESTOWN NY 14701 222419851 501(C)(3) 50000 0 CASH TRANSPORTATION FOR STUDENT ATHLETICS OLEAN BUSINESS DEVELOPMENT CORPORATION 301 N UNION STREET OLEAN NY 14760 455371087 501(C)(3) 702667 0 CASH RESKILLING INITATIVE 3 PART I, LINE 2: SCHOLARSHIPS, RESKILLING INITIATIVE AND OTHER FINANCIAL AID TO STUDENTS THAT MEET THE CRITERIA AND RESTRICTIONS SET FORTH BY THE DONOR ARE MONITORED BY THE FINANCIAL AID OFFICE OF JAMESTOWN COMMUNITY COLLEGE. OTHER PROGRAM DISBURSEMENTS MADE TO JAMESTOWN COMMUNITY COLLEGE ARE APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS OF THE FOUNDATION. A CHAUTAUQUA COUNTY IDA 521285016 2007-06-22 3345000 REFINANCE DEBT 0 0 0 A 2615000 3345000 127952 3345000 2007 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S BOARD OF DIRECTORS FORMALLY AUTHORIZED THE AUDIT COMMITTEE TO REVIEW THE FORM 990 AND RELATED SCHEDULES WITH THE CPA THAT PREPARED THE FORM AND TO APPROVE FILING. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS ARE IDENTIFIED AND COMMUNICATED TO MANAGEMENT. THE BOARD OF DIRECTORS AND MANAGEMENT MONITORS AND REVIEWS THESE POTENTIAL CONFLICTS ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES AND FRINGE BENEFITS ARE PAID BY JAMESTOWN COMMUNITY COLLEGE AND ARE ALLOCATED TO THE FOUNDATION BASED UPON EMPLOYEE TIME COMMITTMENTS TO THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON DERIVATIVE INSTRUMENT 2,753. FORM 990, PART XII, LINE 2C THE FOUNDATION MAINTAINS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE OVERSIGHT PROCESS AND SELECTION OF THE INDEPENDENT AUDITOR DID NOT CHANGE DURING THE CURRENT YEAR.