Skip to content
Nonprofiteer
← STONY BROOK FOUNDATION REALTY INC

Form 990 for tax year 2023

Filed by STONY BROOK FOUNDATION REALTY INC.

Totals

Total revenue
$89,468
Total expenses
$6,085
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$89,468
Total assets, end of year
$3,004,685
Total liabilities, end of year
$2,916,144
Net assets or fund balances, end of year
$88,541
Program services expenses (Part IX)
$0
Management and general expenses
$6,085
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 6a · Gross rents

    real property $189,468

  • 6b · Less rental expenses

    real property $100,000

  • 6c · Rental income or loss

    real property $89,468

  • 6d · Net rental income or loss

    total $89,468 · unrelated business $35,208 · excluded $54,260

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,085 · management and general $6,085

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $188,096 · end of year $329,457

  • 2 · Savings and temporary cash investments

    beginning of year $122,083 · end of year $122,696

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,016 · end of year $5,015

  • 12 · Investments: other securities

    beginning of year $87,075 · end of year $46,178

  • 15 · Other assets

    beginning of year $2,523,178 · end of year $2,501,339

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,417 · end of year $222,754

  • 19 · Deferred revenue

    beginning of year $199,695 · end of year $192,051

  • 25 · Other liabilities

    beginning of year $2,523,178 · end of year $2,501,339

  • 27 · Net assets without donor restrictions

    beginning of year $5,158 · end of year $88,541

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO HOLD REAL ESTATE FOR THE BENEFIT OF THE STONY BROOK FOUNDATION.

  • STONY BROOK FOUNDATION REALTY, INC.'S PRIMARY EXEMPT MISSION IS TO HOLD REAL PROPERTY FOR THE BENEFIT OF THE STONY BROOK FOUNDATION. REALTY DID NOT ENGAGE IN ANY PROGRAMMATIC ACTIVITIES IN 2023, ALTHOUGH IT CONTINUES TO HOLD ONE INVESTMENT ON BEHALF OF ITS SUPPORTED ORGANIZATION, STONY BROOK FOUNDATION, INC.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MR CARY F STALLER ESQ

    CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR STUART GOLDSTEIN

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • MR RICHARD NASTI ESQ

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • MR BARRY FOX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • MR RICHARD L GELFOND

    TRUSTEE - EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • GUY-MAX DELPHIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • CAROLINE RITTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • MAURIE MCINNIS

    TRUSTEE - EX-OFFICIO

    Total calculated
    $137,349
    From this org
    $0
    From related orgs
    $137,349
    Other
    $0
    Hours/week
    0.1 + 3 related

  • JUSTIN FINCHER

    EXECUTIVE DIRECTOR

    Total calculated
    $48,925
    From this org
    $0
    From related orgs
    $48,925
    Other
    $0
    Hours/week
    1 + 1.2 related

  • KACY BULLARD

    CFO/COO

    Total calculated
    $337,404
    From this org
    $0
    From related orgs
    $241,003
    Other
    $96,401
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,003 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $96,401 related
    Filer's total
    $0 + $337,404 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

The filer's explanations (Part III)

PART I, LINE 3
METHOD OF ESTABLISHING COMPENSATION OF THE CEO/OFFICERS STONY BROOK FOUNDATION REALTY'S OFFICERS ARE STATE UNIVERSITY EMPLOYEES, AND AS SUCH, THE STATE (AN UNRELATED GOVERNMENT ENTITY) DETERMINES APPROPRIATE COMPENSATION FOR THE OFFICERS AND REQUESTS THAT THE FOUNDATION AGREE TO BEAR A PORTION OF THE COMPENSATION. THE FOUNDATION'S BOARD RELIES ON THE STATE'S DETERMINATION OF APPROPRIATE OVERALL COMPENSATION FOR THE OFFICERS AND DETERMINES WHETHER TO APPROVE PAYMENT OF A PORTION OF THE COMPENSATION BY THE FOUNDATION. ACCORDINGLY, SINCE THE FOUNDATION DOES NOT ESTABLISH THE OFFICER'S COMPENSATION, FORM 990, SCHEDULE J, QUESTION 3 IS LEFT BLANK.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349303345

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.