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Nonprofiteer
← ALFRED STATE COLLEGE DEVELOPMENT FU ND INC

Form 990 for tax year 2022

Filed by ALFRED STATE COLLEGE DEVELOPMENT FU ND INC.

Totals

Total revenue
$2,452,138
Total expenses
$2,208,199
Contributions and grants received
$1,961,263
Grants paid
$998,628
Program service revenue
$98,361
Investment income
$330,035
Other revenue
$62,479
Total assets, end of year
$11,350,950
Total liabilities, end of year
$24,819
Net assets or fund balances, end of year
$11,326,131
Program services expenses (Part IX)
$2,026,374
Management and general expenses
$156,991
Fundraising expenses
$24,834
Program service expenses (Part III)
$2,026,374

Program services were 91.8% 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.

  • 1e · Government grants (contributions)

    $72,000

  • 1f · All other contributions, gifts and grants

    $1,889,263

  • 1g · Noncash contributions included above

    $161,057

  • 2a · Program service revenue: ATHLETICS

    total $58,877 · related or exempt $58,877

  • 2b · Program service revenue: ALUMNI

    total $39,484 · related or exempt $39,484

  • 3 · Investment income

    total $259,219 · excluded $259,219

  • 7a · Gross sales of assets other than inventory

    securities $322,375

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

    securities $251,559

  • 7c · Gain or loss

    securities $70,816

  • 7d · Net gain or loss

    total $70,816 · excluded $70,816

  • 8a · Fundraising events: gross income

    $31,761

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $31,761 · excluded $31,761

  • 11a · Other revenue: OTHER REVENUE

    total $30,718 · related or exempt $30,718

  • 11e · Other revenue, total

    $30,718

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $998,628 · program services $998,628

  • 11c · Fees: accounting

    total $10,150 · management and general $10,150

  • 11f · Fees: investment management

    total $53,371 · management and general $53,371

  • 11g · Fees: other

    total $75,000 · management and general $75,000

  • 12 · Advertising and promotion

    total $213,175 · program services $213,175

  • 17 · Travel

    total $30,296 · program services $28,068 · management and general $2,228

  • 21 · Payments to affiliates

    total $267,111 · program services $267,111

  • 23 · Insurance

    total $2,223 · management and general $2,223

  • 24a · Other expenses: SUPPLIES

    total $533,685 · program services $500,796 · management and general $8,055 · fundraising $24,834

  • 24b · Other expenses: OTHER

    total $12,721 · program services $6,757 · management and general $5,964

  • 24c · Other expenses: CHAPTER AND ALUMNI EVEN

    total $11,839 · program services $11,839

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $168,513 · end of year $269,936

  • 2 · Savings and temporary cash investments

    beginning of year $2,559,301 · end of year $2,190,937

  • 3 · Pledges and grants receivable

    beginning of year $773,168 · end of year $638,378

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,285 · end of year $2,285

  • 11 · Investments: publicly traded securities

    beginning of year $7,414,962 · end of year $8,145,675

  • 15 · Other assets

    beginning of year $88,052 · end of year $103,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,595 · end of year $9,269

  • 25 · Other liabilities

    beginning of year $15,550 · end of year $15,550

  • 27 · Net assets without donor restrictions

    beginning of year $728,929 · end of year $797,790

  • 28 · Net assets with donor restrictions

    beginning of year $10,083,207 · end of year $10,528,341

Mission and programs · 2022

Mission

TO ADVANCE AND PROMOTE THE INTEREST OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY AT ALFRED, ITS STUDENTS, AMD ITS ALUMNI BY GENERATING REVENUES THAT ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND FINANCIAL ASSISTANCE FOR VARIOUS ACTIVITIES OF SUNY AT ALFRED

Activities or mission (Part I)

TO ADVANCE AND PROMOTE THE INTEREST OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY AT ALFRED, ITS STUDENTS, AND ITS ALUMNI BY GENERATING REVENUES THAT ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND FINANCIAL ASSISTANCE FOR VARIOUS ACTIVITIES OF SUNY AT ALFRED

  • TO PROVIDE SCHOLARSHIP FUNDS AND OTHER SUPPORT TO SUNY COLLEGE OF TECHNOLOGY AT ALFRED, WHICH IN TURN DISBURSES THE FUNDS TO ELIGIBLE STUDENTS AND SUPPORTS VARIOUS ACTIVITIES AT THE COLLEGE.

    Expenses $2,026,374 · Grants $998,628 · Revenue $129,079

As filed on the 2022 return.

Listed in Part VII

  • Richard Laudisi

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    2

  • James H Helms

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Amanda Herrick Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Connie Caputo

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Langdon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Laraiso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Douglas Acomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Grillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Locker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Krueger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Huntington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dale Stell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Snyder III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jon Cleveland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Ferry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle White

    EXECUTIVE DIRECTOR

    Total calculated
    $206,135
    From this org
    $0
    From related orgs
    $125,907
    Other
    $80,228
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $125,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $80,228 related
    Filer's total
    $0 + $206,135 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SUNY COLLEGE OF TECHNOLOGY AT ALFRED

    $682,203

    FUNDS PROVIDED FOR SCHOLARSHIP AWARDS

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.

  • SUNY COLLEGE OF TECHNOLOGY AT ALFRED STATE

    501(C)(3) · EDUCATIONAL INSTUTION · NY

Provenance

Return type
form_990
Tax year
2022
Filed
4 March 2024
IRS schema version
2022v5.0
Source object
202440959349300709

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