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Nonprofiteer
← SUNY IMPACT FOUNDATION INC

Form 990 for tax year 2023

Filed by SUNY IMPACT FOUNDATION INC.

Totals

Total revenue
$13,855,479
Total expenses
$11,805,094
Contributions and grants received
$13,864,309
Grants paid
$11,753,318
Program service revenue
$0
Investment income
-$8,830
Other revenue
$0
Total assets, end of year
$4,361,703
Total liabilities, end of year
$388,444
Net assets or fund balances, end of year
$3,973,259
Program services expenses (Part IX)
$11,754,405
Management and general expenses
$50,689
Fundraising expenses
$0
Program service expenses (Part III)
$11,754,405

Program services were 99.6% 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

    $13,864,309

  • 1g · Noncash contributions included above

    $3,161,033

  • 3 · Investment income

    total $3,144 · excluded $3,144

  • 7a · Gross sales of assets other than inventory

    securities $3,153,323

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

    securities $3,165,297

  • 7c · Gain or loss

    securities -$11,974

  • 7d · Net gain or loss

    total -$11,974 · excluded -$11,974

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,686,818 · program services $11,686,818

  • 2 · Grants to domestic individuals

    total $66,500 · program services $66,500

  • 11b · Fees: legal

    total $1,375 · management and general $1,375

  • 11c · Fees: accounting

    total $39,025 · management and general $39,025

  • 11f · Fees: investment management

    total $2,109 · management and general $2,109

  • 13 · Office expenses

    total $780 · program services $703 · management and general $77

  • 24a · Other expenses: BUSINESS EXPENSES

    total $4,404 · management and general $4,404

  • 24b · Other expenses: CONTRACT SERVICES

    total $4,083 · program services $384 · management and general $3,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $731,941 · end of year $1,385,728

  • 2 · Savings and temporary cash investments

    beginning of year $814,103 · end of year $1,376,778

  • 3 · Pledges and grants receivable

    beginning of year $34,390 · end of year $1,250,000

  • 12 · Investments: other securities

    beginning of year $327,228 · end of year $349,197

  • 18 · Grants payable

    beginning of year $8,500 · end of year $388,444

  • 27 · Net assets without donor restrictions

    beginning of year $483,357 · end of year $949,880

  • 28 · Net assets with donor restrictions

    beginning of year $1,415,805 · end of year $3,023,379

Mission and programs · 2023

Mission

THE SUNY IMPACT FOUNDATION'S MISSION IS TO SUPPORT SUNY IN TAKING WHAT WORKS TO SCALE TO DRIVE STUDENT SUCCESS. THE FOUNDATION WORKS WITH PHILANTHROPIES AND PRIVATE SECTOR PARTNERS TO LEVERAGE INVESTMENTS IN STUDENT SUCCESS INITIATIVES THAT IMPACT ACCESS, RETENTION, COMPLETION, AND CAREER READINESS FOR STUDENTS ACROSS THE STATE UNIVERSITY OF NEW YORK (SUNY) SYSTEM.

Activities or mission (Part I)

TO SUPPORT THE STATE UNIVERSITY OF NEW YORK (SUNY) IN DRIVING STUDENT SUCCESS.

  • NEW YORK STATE ("NYS") TAX CREDIT PROGRAM: THE ORGANIZATION IS AUTHORIZED BY NYS TO ADMINISTER A TAX CREDIT PROGRAM, WHEREBY INDIVIDUAL TAXPAYERS MAKING AUTHORIZED CONTRIBUTIONS TO THE ORGANIZATION MAY BE ELIGIBLE TO CLAIM A NYS TAX CREDIT EQUAL TO 85% OF THE DONATION AMOUNT FOR THE TAX YEAR AFTER THE DONATION IS MADE. FUNDS RECEIVED UNDER THIS PROGRAM ARE USED TO SUPPORT A VARIETY OF SUNY SYSTEM-WIDE INITIATIVES AND SUNY SCHOOLS.

    Expenses $9,389,936 · Grants $9,388,849

  • SUPPORT OF SUNY SYSTEM AND CAMPUS INITIATIVES: GRANTS AND DONATIONS TO THE ORGANIZATION FROM THE PHILANTHROPIC COMMUNITY AND CORPORATE PARTNERS ARE USED TO EXPAND ACCESS TO ACADEMIC EXCELLENCE, SERVICE LEARNING AND STUDENT WELL-BEING THROUGH GRANTMAKING FOR SUNY'S RESEARCH UNIVERSITIES, ACADEMIC MEDICAL CENTERS, LIBERAL ARTS COLLEGES, COMMUNITY COLLEGES AND COLLEGES OF TECHNOLOGY THAT COMPRISE THE SUNY SYSTEM.

    Expenses $2,198,873 · Grants $2,198,873

  • SUPPORT OF SUNY SCHOLARSHIPS AND FELLOWSHIPS: GRANTS AND DONATIONS TO THE ORGANIZATION ARE USED TO MAKE GRANTS AVAILABLE TO SUNY RESEARCH UNIVERSITIES, ACADEMIC MEDICAL CENTERS, LIBERAL ARTS COLLEGES, COMMUNITY COLLEGES AND COLLEGES OF TECHNOLOGY THAT ARE PART OF THE SUNY SYSTEM.

    Expenses $165,596 · Grants $165,596

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

Listed in Part VII

  • Joseph Belluck

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 5 related

  • H Carl McCall

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Barbaralee Diamonstein-Spielvogel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.25 related

  • Merryl Tisch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 5 related

  • John B King Jr

    CHAIRPERSON

    Total calculated
    $1,495,989
    From this org
    $0
    From related orgs
    $818,599
    Other
    $677,390
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $818,599 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,504 related
    Nontaxable benefits
    $0 + $637,886 related
    Filer's total
    $0 + $1,495,989 related

  • Nisha Atre

    EXECUTIVE DIRECTOR

    Total calculated
    $2,869
    From this org
    $0
    From related orgs
    $2,869
    Other
    $0
    Hours/week
    40

  • Marianne Hassan

    ACTING EXEC. DIR (THRU NOV 2023)

    Total calculated
    $284,086
    From this org
    $0
    From related orgs
    $223,375
    Other
    $60,711
    Hours/week
    3.6 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,375 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,152 related
    Nontaxable benefits
    $0 + $31,559 related
    Filer's total
    $0 + $284,086 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
THE EXECUTIVE DIRECTOR'S COMPENSATION, PAID BY A RELATED PARTY, IS ESTABLISHED BY A WRITTEN EMPLOYMENT CONTRACT. THE PRIOR ACTING EXECUTIVE DIRECTOR'S (THROUGH NOVEMBER 2023) COMPENSATION, PAID BY A RELATED PARTY, WAS ESTABLISHED BY A WRITTEN EMPLOYMENT CONTRACT.

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

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.

  • STATE UNIVERSITY OF NEW YORK (SUNY)

    EDUCATION · NY

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202422989349300612

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

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