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← FIREMENS ASSOCIATION OF THE STATE NEW YORK FOUNDATION INC

Form 990 for tax year 2022

Filed by FIREMENS ASSOCIATION OF THE STATE NEW YORK FOUNDATION INC.

Totals

Total revenue
$5,213,776
Total expenses
$6,753,697
Contributions and grants received
$100
Grants paid
$6,464,527
Program service revenue
$0
Investment income
$5,213,676
Other revenue
$0
Total assets, end of year
$137,997,979
Total liabilities, end of year
$27,214
Net assets or fund balances, end of year
$137,970,765
Program services expenses (Part IX)
$6,464,527
Management and general expenses
$289,170
Fundraising expenses
$0
Program service expenses (Part III)
$6,464,527

Program services were 95.7% 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

    $100

  • 3 · Investment income

    total $3,950,415 · unrelated business $0 · excluded $3,950,415

  • 7a · Gross sales of assets other than inventory

    securities $11,372,113

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

    securities $10,108,852

  • 7c · Gain or loss

    securities $1,263,261

  • 7d · Net gain or loss

    total $1,263,261 · related or exempt $0 · unrelated business $0 · excluded $1,263,261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,464,527 · program services $6,464,527

  • 5 · Compensation of officers, directors and key employees

    total $10,504 · program services $0 · management and general $10,504 · fundraising $0

  • 11b · Fees: legal

    total $2,708 · program services $0 · management and general $2,708 · fundraising $0

  • 11c · Fees: accounting

    total $9,760 · program services $0 · management and general $9,760 · fundraising $0

  • 11f · Fees: investment management

    total $254,486 · program services $0 · management and general $254,486 · fundraising $0

  • 13 · Office expenses

    total $75 · program services $0 · management and general $75 · fundraising $0

  • 17 · Travel

    total $7,369 · program services $0 · management and general $7,369 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,768 · program services $0 · management and general $2,768 · fundraising $0

  • 24a · Other expenses: Filing Fees

    total $1,500 · program services $0 · management and general $1,500 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,922 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $312,120 · end of year $288,969

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,907 · end of year $109,094

  • 11 · Investments: publicly traded securities

    beginning of year $129,145,367 · end of year $137,526,821

  • 15 · Other assets

    end of year $73,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,162 · end of year $27,214

  • 28 · Net assets with donor restrictions

    beginning of year $129,548,154 · end of year $137,970,765

Mission and programs · 2022

Mission

The Foundation was formed to operate exclusively for the charitable and educational purposes of promoting fire prevention, education and training, and support of the

  • Grants are used towards educational purposes of promoting fire prevention, education and training, providing scholarships, and supporting the indispensable charitable activities of the volunteer fire service throughout New York State. During the Current year the Foundation gave a grant of $5,884,527 to the Firemen's Association of the State of New York. A substantial portion of the grant to FASNY was used to support the operations of the FASNY Firemen's Home which provides a retirement and skilled nursing care facility to eligible former members of the NYS volunteer firefighting community. Additional grants were given to the FASNY Museum of Firefighting totalling $580,000 to support educational programming regarding the history of volunteer firefighting in the State of New York.

    Expenses $6,464,527 · Grants $6,464,527

As filed on the 2022 return.

Listed in Part VII

  • John Farrell Jr

    President

    Total calculated
    $0
    Hours/week
    8

  • David Schmidt

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Diana Pfersick

    Secretary

    Total calculated
    $5,504
    From this org
    $5,504
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Andrew Pilecki

    Treasurer

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Roy Dahlen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian McQueen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Anthony DeMarco

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Caron

    Director

    Total calculated
    $0
    Hours/week
    2

  • Edward Tase Jr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Douglas VanEtten

    Director

    Total calculated
    $0
    Hours/week
    2

  • Laurie Hance

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Krummenacker

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Holmes

    Director

    Total calculated
    $0
    Hours/week
    2

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

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
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410469349302711

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