Skip to content
Nonprofiteer
← STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION I

Form 990 for tax year 2024

Filed by STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION I.

Totals

Total revenue
$2,361,613
Total expenses
$1,400,636
Contributions and grants received
$1,627,016
Grants paid
$1,176,125
Program service revenue
$0
Investment income
$772,541
Other revenue
-$37,944
Total assets, end of year
$11,600,782
Total liabilities, end of year
$111,850
Net assets or fund balances, end of year
$11,488,932
Program services expenses (Part IX)
$1,176,125
Management and general expenses
$189,734
Fundraising expenses
$34,777
Program service expenses (Part III)
$1,176,125

Program services were 84.0% 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.

  • 1c · Fundraising events

    $289,936

  • 1d · Related organizations

    $51,053

  • 1f · All other contributions, gifts and grants

    $1,286,027

  • 1g · Noncash contributions included above

    $40,731

  • 3 · Investment income

    total $459,354 · excluded $459,354

  • 7a · Gross sales of assets other than inventory

    securities $3,623,973

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

    securities $3,310,786

  • 7c · Gain or loss

    securities $313,187

  • 7d · Net gain or loss

    total $313,187 · excluded $313,187

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $289,936

  • 8b · Fundraising events: direct expenses

    $37,944

  • 8c · Net income from fundraising events

    total -$37,944 · excluded -$37,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $669,632 · program services $669,632

  • 2 · Grants to domestic individuals

    total $506,493 · program services $506,493

  • 11a · Fees: management

    total $12,000 · management and general $12,000

  • 11b · Fees: legal

    total $5,688 · management and general $5,688

  • 11c · Fees: accounting

    total $10,474 · management and general $10,474

  • 11f · Fees: investment management

    total $158,714 · management and general $158,714

  • 24a · Other expenses: SPECIAL EVENTS

    total $23,886 · fundraising $23,886

  • 24b · Other expenses: FUNDRAISING ACTIVITIES

    total $10,891 · fundraising $10,891

  • 24c · Other expenses: BANKING EXPENSE

    total $2,085 · management and general $2,085

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $773 · management and general $773

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $919,713 · end of year $339,358

  • 2 · Savings and temporary cash investments

    beginning of year $21,172 · end of year $21,193

  • 3 · Pledges and grants receivable

    beginning of year $37,195 · end of year $191,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,826 · end of year $43,928

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

    $2,170

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,402 · end of year $2,170

  • 12 · Investments: other securities

    beginning of year $9,257,331 · end of year $11,002,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,646 · end of year $88,340

  • 19 · Deferred revenue

    beginning of year $24,000 · end of year $23,510

  • 27 · Net assets without donor restrictions

    beginning of year $578,080 · end of year $658,429

  • 28 · Net assets with donor restrictions

    beginning of year $9,574,913 · end of year $10,830,503

Mission and programs · 2024

Mission

THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION OPERATES PRIMARILY TO ENCOURAGE AND RECEIVE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE (SUNY POLY).

  • SCHOLARSHIP AND ASSISTANCE TO ELIGIBLE INDIVIDUALS ATTENDING SUNY POLY. 514 SCHOLARSHIPS GIVEN OUT.

    Expenses $506,493 · Grants $506,493

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $669,632 · Grants $669,632

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Lynn Rosen

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Louis Leogrande

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Scott McCartney

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Heather Hage

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Anthony Vennero

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Joanne Donaruma Wade

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • John Hobika Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jasminka Husic

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Megan Dischiavo

    FACULTY REP

    Total calculated
    $155,012
    From this org
    $0
    From related orgs
    $94,849
    Other
    $60,163
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $94,849 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $60,163 related
    Filer's total
    $0 + $155,012 related

  • Mary Ellen Burdick

    TREASURER

    Total calculated
    $344,890
    From this org
    $0
    From related orgs
    $211,032
    Other
    $133,858
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,032 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $133,858 related
    Filer's total
    $0 + $344,890 related

  • Tricia Sticca

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Brittany Morawiec

    DIRECTOR OF COLLEGE HOUSING

    Total calculated
    $148,648
    From this org
    $0
    From related orgs
    $90,955
    Other
    $57,693
    Hours/week
    0.2 + 39.8 related

  • Jennifer Towns

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Gina Surace

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Andrea Lagatta

    EXECUTIVE DIRECTOR

    Total calculated
    $244,545
    From this org
    $0
    From related orgs
    $149,633
    Other
    $94,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $149,633 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $94,912 related
    Filer's total
    $0 + $244,545 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

  • STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE

    $669,632

    CAMPUS SUPPORT, DEVELOPMENT AND EVENTS

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
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202621209349301122

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.