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Nonprofiteer
← ALBANY PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by ALBANY PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$1,112,973
Total expenses
$1,181,623
Contributions and grants received
$881,538
Grants paid
$625,470
Program service revenue
$76,479
Investment income
$166,694
Other revenue
-$11,738
Total assets, end of year
$5,141,592
Total liabilities, end of year
$430,365
Net assets or fund balances, end of year
$4,711,227
Program services expenses (Part IX)
$712,131
Management and general expenses
$419,669
Fundraising expenses
$49,823
Program service expenses (Part III)
$712,131

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.

  • 1c · Fundraising events

    $30,700

  • 1f · All other contributions, gifts and grants

    $850,838

  • 1g · Noncash contributions included above

    $44,800

  • 2a · Program service revenue: FUND MANANGEMENT FEES

    total $76,479 · excluded $76,479

  • 3 · Investment income

    total $92,292 · related or exempt $92,292

  • 7a · Gross sales of assets other than inventory

    securities $74,402

  • 7c · Gain or loss

    securities $74,402

  • 7d · Net gain or loss

    total $74,402 · related or exempt $74,402

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

    $30,700

  • 8b · Fundraising events: direct expenses

    $11,738

  • 8c · Net income from fundraising events

    total -$11,738 · excluded -$11,738

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $274,868 · program services $274,868

  • 2 · Grants to domestic individuals

    total $350,602 · program services $350,602

  • 5 · Compensation of officers, directors and key employees

    total $64,004 · management and general $64,004

  • 7 · Other salaries and wages

    total $151,115 · program services $63,057 · management and general $59,124 · fundraising $28,934

  • 8 · Pension plan contributions

    total $4,424 · program services $1,168 · management and general $2,709 · fundraising $547

  • 9 · Other employee benefits

    total $22,327 · program services $9,264 · management and general $9,559 · fundraising $3,504

  • 10 · Payroll taxes

    total $18,672 · program services $5,400 · management and general $10,791 · fundraising $2,481

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 11f · Fees: investment management

    total $130,527 · management and general $130,527

  • 11g · Fees: other

    total $37,479 · management and general $35,969 · fundraising $1,510

  • 12 · Advertising and promotion

    total $15,010 · program services $1,299 · management and general $8,244 · fundraising $5,467

  • 13 · Office expenses

    total $19,582 · program services $1 · management and general $14,517 · fundraising $5,064

  • 14 · Information technology

    total $16,105 · program services $5,500 · management and general $8,327 · fundraising $2,278

  • 16 · Occupancy

    total $55,521 · program services $300 · management and general $55,221

  • 17 · Travel

    total $2,723 · program services $197 · management and general $2,526

  • 19 · Conferences, conventions and meetings

    total $1,137 · management and general $1,099 · fundraising $38

  • 22 · Depreciation, depletion and amortization

    total $475 · program services $475

  • 23 · Insurance

    total $8,552 · management and general $8,552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,493 · end of year $71,046

  • 2 · Savings and temporary cash investments

    beginning of year $599,150 · end of year $494,852

  • 3 · Pledges and grants receivable

    beginning of year $35,088

  • 4 · Accounts receivable

    beginning of year $85,564

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

    $18,556

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

    $515

  • 10c · Land, buildings and equipment, net

    beginning of year $18,516 · end of year $18,041

  • 11 · Investments: publicly traded securities

    beginning of year $3,790,792 · end of year $4,554,567

  • 15 · Other assets

    end of year $3,086

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,827 · end of year $16,115

  • 18 · Grants payable

    beginning of year $299,250

  • 19 · Deferred revenue

    end of year $56,000

  • 25 · Other liabilities

    end of year $358,250

  • 27 · Net assets without donor restrictions

    beginning of year $2,012,871 · end of year $1,271,355

  • 28 · Net assets with donor restrictions

    beginning of year $2,374,655 · end of year $3,439,872

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES THAT ENRICH AND ENHANCE EDUCATION OPPORTUNITIES FOR ALL STUDENTS, ENCOURAGE TEACHERS TO IMPLEMENT INNOVATIVE EDUCATIONAL PROGRAMS, AND AWARD SCHOLARSHIPS TO GREATER ALBANY PUBLIC SCHOOL DISTRICT STUDENTS.

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

    Expenses $360,376 · Grants $311,997

  • STUDENT ASSISTANCE PROGRAM -- K-12 & POST-SECONDARY: K-12 ASSISTANCE PROVIDES BASIC NEEDS FOR LOW-INCOME STUDENTS. POST- SECONDARY ASSISTANCE PROVIDES SUPPORT FOR STUDENTS CHOSEN BY EACH OF THE THREE ALBANY HIGH SCHOOLS. SUPPORT INCLUDES MENTORS, SCHOOL SUPPLIES, AND FINANCIAL ASSISTANCE.

    Expenses $23,672 · Grants $18,056

  • CLASSROOM & ENRICHMENT GRANT PROGRAMS FOR PRE-K THROUGH HIGH SCHOOL: THE CLASSROOM GRANT AND ENRICHMENT PROGRAMS PROVIDE FUNDS TO OUR SCHOOLS TO SUPPLEMENT THEIR ARTS, PE/HEALTH/WELLNESS, AND STEM ACTIVITIES. GRANT PROGRAMS INCLUDE THE BIG IMPACT GRANT, CLASSROOM GRANTS, ENRICHMENT GRANTS, SPECIAL CIRCUMSTANCE GRANTS, DONOR DESIGNATED GRANTS, OTHER GRANTS, STEM GRANTS, AND SUICIDE PREVENTION.

    Expenses $246,675 · Grants $223,824

  • OTHER PROGRAM SERVICES INCLUDES DISTANCE LEARNING SUPPORT, SUICIDE PREVENTION AND OTHER GRANTS TO SCHOOL GROUPS EARNED THROUGH EVENT PARTICIPATION IN THE IRUN FOR KIDS AND ICELEBRATE KIDS EVENTS.

    Expenses $81,408 · Grants $71,593

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

  • Joanne Alford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Monica Banks-Figueroa

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    15

  • Kimberly Christensen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Cindy Draper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pat Eastman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Hagerty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynn Hubert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Dana Lovejoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerrie Matuszak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gary Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Pautsch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Shipman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Will Summers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jerred Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ben Watts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elaine M Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ilynn Winn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Peggy Burris

    EXECUTIVE DI

    Total calculated
    $64,004
    From this org
    $64,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • GREATER ALBANY PUBLIC SCHOOLS

    $87,164

    CLASSROOM GRANTS

  • GREATER ALBANY PUBLIC SCHOOLS

    $72,500

    ENRICHMENT SUPPORT

  • GREATER ALBANY PUBLIC SCHOOLS

    $38,000

    WATER AWARENESS

  • GREATER ALBANY PUBLIC SCHOOLS

    $23,790

    BIG IMPACT GRANT

  • GREATER ALBANY PUBLIC SCHOOLS

    $20,000

    SOURCES OF STRENGTH

  • GREATER ALBANY PUBLIC SCHOOLS

    $17,526

    CHROME BOOKS ETC

  • GREATER ALBANY PUBLIC SCHOOLS

    no cash amount reported

    VARIOUS

  • GREATER ALBANY PUBLIC SCHOOLS

    no cash amount reported

    HELP WITH SUPPLIES

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531329349306828

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