Tompkins Cortland Community College Foundation

Legal name: Tompkins Cortland Community College Foundation Inc

Nonprofit profile at a glance

EIN
237083038
IRS 990 coverage
2013–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Dryden, NY, US
Phone
607.844.8222 x4241
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Religious (unspecified)

Official website

Reported finances

Revenue
$6,844,699
Expenses
$8,155,872
Assets
$53,157,250
Liabilities
$51,751,392

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • AMY KREMENEK (COLLEGE PRESIDENT)
  • DIONYSIOS PANAGITSAS (VICE PRESIDENT OF FINANCE)
  • JASON POMEROY (EXECUTIVE DIRECTOR)
  • REGINA HOLL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AMY KREMENEK (COLLEGE PRESIDENT): $278,784 total reported compensation
  • DIONYSIOS PANAGITSAS (VICE PRESIDENT OF FINANCE): $134,947 total reported compensation
  • AMANDA BISSON (FACULTY LIAISON): $85,610 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Each and every day, the mission of the Foundation is first and foremost to secure resources to enhance the learning opportunities for students of the College. The Tompkins Cortland Community College Foundation was incorporated in 1978 to buttress the ongoing work of the College and encourage and accept private donations to support the institution’s mission. Its driving work has been the creation of opportunity through accessibility – whether it be financial support for students, property-based management support for the College, or equipment-related support for programs, the Foundation has always taken a flexible and innovative approach to the execution of its mission. Direct Support for Students Since 2001, the Foundation has awarded nearly $5,315,000 million in scholarship money to support students. Each year students relay thanks to numerous do.

What it reported doing in 2024

Tc3 bistro, llc d/b/a coltivare (tc3 bistro) is a wholly-owned subsidiary created for the purpose of supporting the college's academic programs in culinary arts, wine marketing, and hotel and restaurant management. Tc3 bistro's restaurant, full service bar, event space, and catering services provide students with a real-life setting for their academic lab environment.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 71
  • Accountability: 89
  • Sustainability: 39
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: $17.31 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 39th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.5%; rating input score 90; 21st percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 6.52; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.97; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -2.1% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 6th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 97.1% of spending went to programs
  • Governance: 19 of 21 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $7.9M in reported program spending
  • Leadership: top reported pay $279K · 29 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.