Form 990 for tax year 2022

Totals

Total revenue

$1,792,002

Total expenses

$2,418,619

Contributions and grants received

$438,199

Grants paid

$1,368,917

Program service revenue

$0

Investment income

$1,353,803

Other revenue

$0

Total assets, end of year

$45,821,219

Total liabilities, end of year

$1,875,375

Net assets or fund balances, end of year

$43,945,844

Program services expenses (Part IX)

$2,157,439

Management and general expenses

$261,180

Fundraising expenses

$0

Program service expenses (Part III)

$2,157,439

Program services were 89.2% 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.

Mission and programs · 2022

• THE SCHENECTADY FOUNDATION DISTRIBUTES FUNDS TO BENEFIT THE WELFARE OF PEOPLE WHO LIVE OR WORK IN SCHENECTADY COUNTY, NY. THE FOUNDATION CONDUCTS A COMPETITIVE GRANT PROGRAM AND AWARDS FUNDS ON THE BASIS OF COMMUNITY NEED, ORGANIZATIONAL CAPACITY AND PROGRAM EFFECTIVENESS. THE FOUNDATION ALSO AWARDS COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS FROM SCHENECTADY COUNTY. DURING 2022, APPROXIMATELY 155,000 INDIVIDUALS WERE SERVED IN SCHENECTADY COUNTY, NY.

  Expenses $2,157,439 · Grants $2,157,439

As filed on the 2022 return.

Listed in Part VII

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

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

• SCHENECTADY COMMUNITY ACTION PROGRAM

  $500,000

  SCAP CAMPUS PROJECT

• CORNELL COOPERATIVE EXTENSION

  $150,000

  HEALTH LIVING 360 - PART 2

• SCHENECTADY INNER CITY MINISTRIES

  $109,700

  ACCESS, SOLIDARITY AND IMPACT; SOLARIZING FEHR AVE FARM

• THE FOOD PANTRIES OF THE CAPITAL DISTRICT

  $100,000

  EXPANDED ACCESS TO HEALTH FOODS IN SCHENECTADY COUNTY

• CITY MISSION OF SCHENECTADY

  $75,000

  GENERAL OPERATIONS; BRIDGES TO WELLNESS AGRICULTURAL PROGRAM

• FREE FOOD FRIDGE ALBANY

  $75,000

  FREE FOOD FRIDGE SCHENECTADY

• DESTINE PREPARATORY CHARTER SCHOOL

  $70,000

  IMPROVE READING ACHIEVEMENT INITIATIVE

• SCHENECTADY MUNICIPAL HOUSING AUTHORITY

  $51,000

  GROCERY ACCESS POINT: GAP

• CENTER FOR COMMUNITY JUSTICE

  $50,000

  LEGAL HAND PROGRAM

• SCHENECTADY GREENMARKET

  $35,000

  GREENMARKET'S FOOD BOX PROGRAM

The 10 largest by cash amount. The API serves every itemized grant.

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.

• THE SCHENECTADY FOUNDATION INC

  501(C)(3) · ADMINISTRATIVE DUTIES OF THE SCHENECTADY FOUNDATION · NY · controlled entity

  Directly controlled by THE SCHENECTADY FOUNDATION

Provenance

Return type

form_990

Tax year

2022

Filed

13 September 2023

IRS schema version

2022v5.0

Source object

202332649349300108

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

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