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Nonprofiteer
← HUDSON VALLEY COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by HUDSON VALLEY COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$4,315,222
Total expenses
$1,470,294
Contributions and grants received
$3,738,949
Grants paid
$593,014
Program service revenue
$0
Investment income
$462,440
Other revenue
$113,833
Total assets, end of year
$14,652,365
Total liabilities, end of year
$557,840
Net assets or fund balances, end of year
$14,094,525
Program services expenses (Part IX)
$886,673
Management and general expenses
$305,602
Fundraising expenses
$278,019
Program service expenses (Part III)
$886,673

Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,738,949

  • 3 · Investment income

    total $229,517 · excluded $229,517

  • 7a · Gross sales of assets other than inventory

    securities $1,482,135

  • 7b · Less cost or other basis and sales expenses

    securities $1,249,212

  • 7c · Gain or loss

    securities $232,923

  • 7d · Net gain or loss

    total $232,923 · excluded $232,923

  • 8a · Fundraising events: gross income

    $218,149

  • 8b · Fundraising events: direct expenses

    $104,316

  • 8c · Net income from fundraising events

    total $113,833 · excluded $113,833

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $593,014 · program services $593,014

  • 5 · Compensation of officers, directors and key employees

    total $85,188 · program services $1,098 · management and general $9,185 · fundraising $74,905

  • 7 · Other salaries and wages

    total $283,903 · program services $93,679 · management and general $118,570 · fundraising $71,654

  • 9 · Other employee benefits

    total $34,198 · program services $6,201 · management and general $20,751 · fundraising $7,246

  • 10 · Payroll taxes

    total $25,467 · program services $9,040 · management and general $9,512 · fundraising $6,915

  • 11c · Fees: accounting

    total $21,500 · management and general $21,500

  • 11f · Fees: investment management

    total $50,894 · management and general $50,894

  • 11g · Fees: other

    total $72,540 · program services $5,621 · management and general $13,016 · fundraising $53,903

  • 13 · Office expenses

    total $5,646 · management and general $1,703 · fundraising $3,943

  • 14 · Information technology

    total $20,284 · management and general $2,068 · fundraising $18,216

  • 16 · Occupancy

    total $14,607 · program services $3,539 · management and general $5,772 · fundraising $5,296

  • 17 · Travel

    total $1,514 · program services $118 · management and general $1,160 · fundraising $236

  • 19 · Conferences, conventions and meetings

    total $9,119 · management and general $1,773 · fundraising $7,346

  • 20 · Interest

    total $24,158 · program services $2,416 · management and general $16,910 · fundraising $4,832

  • 22 · Depreciation, depletion and amortization

    total $31,010 · program services $3,101 · management and general $21,707 · fundraising $6,202

  • 23 · Insurance

    total $6,324 · management and general $6,324

  • 24a · Other expenses: COLLEGE PROGRAMS SUPPOR

    total $165,133 · program services $165,133

  • 24b · Other expenses: PRINTING AND POSTAGE

    total $22,275 · program services $3,713 · management and general $1,237 · fundraising $17,325

  • 24c · Other expenses: OTHER EXPENSES

    total $3,520 · management and general $3,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,373,086 · end of year $2,578,903

  • 3 · Pledges and grants receivable

    beginning of year $2,136,485 · end of year $3,608,558

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,669 · end of year $7,108

  • 10a · Land, buildings and equipment: cost or other basis

    $837,438

  • 10b · Land, buildings and equipment: accumulated depreciation

    $53,516

  • 10c · Land, buildings and equipment, net

    beginning of year $808,432 · end of year $783,922

  • 11 · Investments: publicly traded securities

    beginning of year $7,039,717 · end of year $7,673,874

  • 15 · Other assets

    beginning of year $60,601 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,709 · end of year $13,009

  • 19 · Deferred revenue

    beginning of year $63,083 · end of year $51,520

  • 23 · Secured mortgages and notes payable

    beginning of year $568,689 · end of year $442,970

  • 25 · Other liabilities

    beginning of year $31,401 · end of year $50,341

  • 27 · Net assets without donor restrictions

    beginning of year $625,777 · end of year $851,251

  • 28 · Net assets with donor restrictions

    beginning of year $10,132,331 · end of year $13,243,274

Mission and programs · 2023

Mission

TO RECEIVE AND MAINTAIN FUNDS TO AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSES AND PROGRAMS OF HUDSON VALLEY COMMUNITY COLLEGE, ITS STUDENTS AND ALUMNI.

Activities or mission (Part I)

SUPPORTING THE MISSION, THE STUDENTS, AND THE ALUMNI OF THE HUDSON VALLEY COMMUNITY COLLEGE.

  • SUPPORT FOR COLLEGE INITIATIVES, SCHOLARSHIPS, AND RELATED COSTS.

    Expenses $886,673 · Grants $593,014

As filed on the 2023 return.

Listed in Part VII

  • Ledina Banushllari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Carnevale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel F Casale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Chandicapersaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Greco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth W Grey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Hollowood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Podlaski

    DIRECTOR, FACULTY REP

    Total calculated
    $0
    Hours/week
    0.5

  • Jen Robbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Sanvidge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Admar Semedo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter D Semenza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Silaika

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jordan Steller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gordon N Zuckerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Frank C Sarratori

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Cory A Martin

    CO-VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • April Clas

    CO-VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Siracuse

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Leslie King

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Klopfer

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Courtney C Lamport

    EXEC. DIRECTOR (UNTIL OCT)

    Total calculated
    $106,466
    From this org
    $54,057
    From related orgs
    $26,706
    Other
    $25,703
    Hours/week
    25.1 + 12.4 related

  • Derek Martin

    EXEC. DIRECTOR (FROM FEB)

    Total calculated
    $0
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HUDSON VALLEY COMMUNITY COLLEGE

    HIGHER EDUCATION · NY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (2)

    INVESTMENT · NY

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202541299349303569

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