Broome Community College Foundation Inc

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.

What it reported doing in 2024

Grants in aid issued to students based on financial need ($895,691); merit aid based on academic accomplishments ($650,335); presidential discretionary allocations ($9,783), college enhancement ($59,900); faculty development recognition to enhance professional development ($51,632), capital projects ($533,472); and special projects ($394,097)

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.

Nonprofit profile at a glance

EIN
237075704
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Headquarters
Binghamton, NY, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Public, Societal Benefit

Official website

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The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.4%; rating input score 79
  • Fundraising efficiency: $3.74 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -60.7%; rating input score 2; 2nd percentile among comparable filings
  • Operating reserve ratio: 14.08; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.4% of spending went to programs
  • Governance: 32 of 32 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.9M in reported program spending
  • Leadership: top reported pay $224K · 33 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 annual filings from 2010 to 2024
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links