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← FACULTY-STUDENT ASSOC OF STATE UNIVERSITY OF NY AT STONY BROOK

Form 990 for tax year 2024

Filed by FACULTY-STUDENT ASSOC OF STATE UNIVERSITY OF NY AT STONY BROOK.

Totals

Total revenue
$79,029,333
Total expenses
$103,214,182
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$11,745,426
Investment income
-$16,644,124
Other revenue
$83,928,031
Total assets, end of year
$59,238,861
Total liabilities, end of year
$40,412,713
Net assets or fund balances, end of year
$18,826,148
Program services expenses (Part IX)
$102,287,095
Management and general expenses
$927,087
Fundraising expenses
$0
Program service expenses (Part III)
$102,287,095

Program services were 99.1% 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.

  • 2a · Program service revenue: COMMISSIONS

    total $10,053,889 · related or exempt $10,053,889

  • 2b · Program service revenue: ADMINISTRATIVE FEES

    total $1,691,537 · related or exempt $1,691,537

  • 3 · Investment income

    total $754,709 · excluded $754,709

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

    other assets $17,398,833

  • 7c · Gain or loss

    other assets -$17,398,833

  • 7d · Net gain or loss

    total -$17,398,833 · excluded -$17,398,833

  • 10a · Gross sales of inventory

    $92,344,646

  • 10b · Cost of goods sold

    $12,448,628

  • 10c · Net income from sales of inventory

    total $79,896,018 · related or exempt $79,896,018

  • 11a · Other revenue: CONTRACTUAL

    total $3,402,960 · related or exempt $3,402,960

  • 11b · Other revenue: REIMBURSEMENTS AND RENTS

    total $629,053 · related or exempt $629,053

  • 11e · Other revenue, total

    $4,032,013

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 5 · Compensation of officers, directors and key employees

    total $629,588 · program services $614,067 · management and general $15,521

  • 7 · Other salaries and wages

    total $18,419,558 · program services $17,965,451 · management and general $454,107

  • 8 · Pension plan contributions

    total $435,000 · program services $430,293 · management and general $4,707

  • 9 · Other employee benefits

    total $7,643,402 · program services $7,560,696 · management and general $82,706

  • 10 · Payroll taxes

    total $1,542,777 · program services $1,526,083 · management and general $16,694

  • 11b · Fees: legal

    total $528,996 · program services $504,488 · management and general $24,508

  • 11g · Fees: other

    total $341,409 · program services $325,592 · management and general $15,817

  • 12 · Advertising and promotion

    total $61,526 · program services $60,710 · management and general $816

  • 14 · Information technology

    total $180,250 · program services $171,899 · management and general $8,351

  • 16 · Occupancy

    total $1,393,991 · program services $1,393,391 · management and general $600

  • 17 · Travel

    total $38,315 · program services $26,239 · management and general $12,076

  • 20 · Interest

    total $63,659 · management and general $63,659

  • 22 · Depreciation, depletion and amortization

    total $231,533 · program services $228,796 · management and general $2,737

  • 23 · Insurance

    total $483,448 · program services $472,626 · management and general $10,822

  • 24a · Other expenses: SPECIAL CONTRACTUAL SER

    total $57,296,877 · program services $57,296,754 · management and general $123

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $6,211,057 · program services $6,204,981 · management and general $6,076

  • 24c · Other expenses: COLLEGE SUPPORT

    total $2,502,100 · program services $2,502,100

  • 24d · Other expenses: SUPPLIES

    total $1,825,191 · program services $1,805,193 · management and general $19,998

  • 24e · All other expenses

    total $2,885,505 · program services $2,697,736 · management and general $187,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,376,485 · end of year $2,418,675

  • 2 · Savings and temporary cash investments

    beginning of year $1,274,006 · end of year $748,640

  • 4 · Accounts receivable

    beginning of year $5,409,675 · end of year $6,384,396

  • 8 · Inventories for sale or use

    beginning of year $349,127 · end of year $383,042

  • 9 · Prepaid expenses and deferred charges

    beginning of year $230,277 · end of year $191,099

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

    $2,511,185

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

    $373,840

  • 10c · Land, buildings and equipment, net

    beginning of year $17,927,140 · end of year $2,137,345

  • 12 · Investments: other securities

    beginning of year $27,127,830 · end of year $24,720,841

  • 15 · Other assets

    beginning of year $0 · end of year $22,254,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,826,355 · end of year $9,460,421

  • 19 · Deferred revenue

    beginning of year $3,396,556 · end of year $5,288,888

  • 21 · Escrow or custodial account liability

    beginning of year $237,456 · end of year $261,162

  • 24 · Unsecured notes and loans payable

    beginning of year $4,812,096 · end of year $2,364,285

  • 25 · Other liabilities

    beginning of year $1,183,817 · end of year $23,037,957

  • 27 · Net assets without donor restrictions

    beginning of year $40,238,260 · end of year $18,826,148

Mission and programs · 2024

Mission

TO ACHIEVE ITS VISION, FSA COMMITS ITSELF TO:MAINTAINING AND ENHANCING THE QUALITY, DIVERSITY, COST, AND VALUE OF FOOD IN THE CAMPUS DINING PROGRAMS; MAINTAINING AND, WHERE POSSIBLE, IMPROVING FISCALLY PRUDENT AND AFFORDABLE FOOD PLANS FOR STUDENTS; ENSURING THE AVAILABILITY OF DESIRED AND APPROPRIATE MERCHANDISE, PRODUCTS, AND SERVICES FOR THE CAMPUS COMMUNITY; FOSTERING AND SUPPORTING A COMMUNITY IDENTITY THAT CONNECTS ALL OF THE CAMPUS AND COMMUNITY CONSTITUENCIES TO STONY BROOK UNIVERSITY'S MISSION BY SUPPORTING ACADEMIC, ATHLETIC, CULTURAL, HEALTHCARE, RESEARCH, AND COMMUNITY-BASED CAMPUS EVENTS; MAINTAINING CONTACT WITH PEER AND ASPIRATIONAL INSTITUTIONS TO KEEP CURRENT ON EMERGING TRENDS RELATIVE TO FSA'S FUNCTIONS ON THE CAMPUS; SUPPORTING THE CAMPUS' CORE MISSION OF ACADEMICS, RESEARCH, SCHOLARSHIP AND INTELLECTUAL CREATIVITY, INCLUSIVITY, AND SUSTAINABILITY.

  • SUBCONTRACTED OPERATIONS INCLUDE ARRANGEMENTS WITH EXTERNAL VENDORS TO OPERATE A DINING PROGRAM FOR STUDENTS, STAFF, FACULTY AND VISTORS AT STONY BROOK UNIVERSITY.

    Expenses $71,311,170 · Revenue $68,734,551

  • FSA OPERATES THE UNIVERSITY HOSPITAL FOOD AND NUTRITIONAL SERVICES WHICH PROVIDES MEALS TO THE PATIENTS, STAFF AND VISITORS OF THE STONY BROOK UNIVERSITY HOSPITAL, STONY BROOK UNIVERSITY SOUTHAMPTON HOSPITAL, AND THE LONG ISLAND STATE VETERAN'S HOME.

    Expenses $26,077,344 · Revenue $26,077,344

  • UNIVERSITY SUPPORT

    Expenses $3,002,100 · Grants $500,000

  • ADDITIONAL SERVICES TO BENEFIT STAFF AND STUDENTS, SUCH AS RETAIL OPERATIONS, LAUNDRY FACILITIES, AND ADMINISTRATIVE SERVICES.

    Expenses $1,896,481 · Revenue $861,562

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rick Gatteau

    BOARD PRESIDENT

    Total calculated
    $531,675
    From this org
    $0
    From related orgs
    $473,810
    Other
    $57,865
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,810 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,850 related
    Nontaxable benefits
    $0 + $13,015 related
    Filer's total
    $0 + $531,675 related

  • Lawrence Zacarese

    BOARD VICE PRESIDENT

    Total calculated
    $572,090
    From this org
    $0
    From related orgs
    $538,675
    Other
    $33,415
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,675 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $572,090 related

  • Jed Shivers

    TREASURER

    Total calculated
    $561,803
    From this org
    $0
    From related orgs
    $500,788
    Other
    $61,015
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,788 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $561,803 related

  • Kathleen Monahan

    VOTING MEMBER

    Total calculated
    $188,329
    From this org
    $0
    From related orgs
    $155,069
    Other
    $33,260
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,245 related
    Nontaxable benefits
    $0 + $13,015 related
    Filer's total
    $0 + $188,329 related

  • Catherine-Mary Rivera

    VOTING MEMBER

    Total calculated
    $227,288
    From this org
    $0
    From related orgs
    $206,768
    Other
    $20,520
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,768 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,520 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $227,288 related

  • Tracey Iorio

    VOTING MEMBER

    Total calculated
    $111,002
    From this org
    $0
    From related orgs
    $86,350
    Other
    $24,652
    Hours/week
    0.5 + 40 related

  • Danling Jiang

    VOTING MEMBER

    Total calculated
    $436,985
    From this org
    $0
    From related orgs
    $369,070
    Other
    $67,915
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,070 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $436,985 related

  • Kenya Lewis

    VOTING MEMBER

    Total calculated
    $306,615
    From this org
    $0
    From related orgs
    $277,907
    Other
    $28,708
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,708 related
    Filer's total
    $0 + $306,615 related

  • Bindu Bhargava Chitam

    VOTING MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Nistha Boghra

    VOTING MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Luca Rallis

    VOTING MEMBER

    Total calculated
    $0
    Hours/week
    5 + 20 related

  • Leon Verkhovsky

    VOTING MEMBER

    Total calculated
    $0
    Hours/week
    5 + 20 related

  • Diana Kubik

    EXECUTIVE DIRECTOR & CFO

    Total calculated
    $269,045
    From this org
    $249,196
    From related orgs
    $0
    Other
    $19,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,196
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,849
    Filer's total
    $269,045

  • Michael West

    SBUH DIRECTOR OF DINING SERVICES

    Total calculated
    $250,605
    From this org
    $206,422
    From related orgs
    $0
    Other
    $44,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,422
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,183
    Filer's total
    $250,605

  • Dawn Villacci

    DIRECTOR OF ENGAGEMENT & GUEST EXPERIENCE

    Total calculated
    $222,883
    From this org
    $173,970
    From related orgs
    $0
    Other
    $48,913
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,970
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,913
    Filer's total
    $222,883

  • Shannon Cressy

    SHH FOOD SERVICES DIRECTOR

    Total calculated
    $159,624
    From this org
    $147,781
    From related orgs
    $0
    Other
    $11,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,781
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,843
    Filer's total
    $159,624

  • Anthony Gentile

    FACILITIES MANAGER (FORMER)

    Total calculated
    $177,114
    From this org
    $144,993
    From related orgs
    $0
    Other
    $32,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,993
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,121
    Filer's total
    $177,114

  • Wilfredo Wilkie

    LISVH DIRECTOR OF NUTRITIONAL SVCS

    Total calculated
    $158,183
    From this org
    $141,193
    From related orgs
    $0
    Other
    $16,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,193
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,990
    Filer's total
    $158,183

  • Daniel Walker

    LISVH DIRECTOR OF FOOD SERVICE

    Total calculated
    $140,262
    From this org
    $139,354
    From related orgs
    $0
    Other
    $908
    Hours/week
    40

  • Philip Herbst

    DIRECTOR OF FACILITIES

    Total calculated
    $176,256
    From this org
    $137,756
    From related orgs
    $0
    Other
    $38,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,756
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,500
    Filer's total
    $176,256

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • STONY BROOK UNIVERSITY OFFICE OF FINACIAL AID & SCHOLOARSHIP

    $350,000

    SCHOLARSHIPS & FELLOWSHIPS TO STUDENTS WHO HAVE DEMONSTRATED OUTSTANDING SCHOLARSHIP ABILITIES AND REQUIRE FINANCIAL SUPPORT.

  • STONY BROOK UNIVERSITY

    $150,000

    DR. PETER M BAIGENT MEMORIAL ENDOWED SCHOLARSHIP

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.

  • STONY BROOK UNIVERSITY

    IRC SEC 115 · HIGHER EDUCATION · NY

  • FANNY BRICE ENTERPRISES LTD

    501(C)(3) · SUPPORT · NY · controlled entity

    Directly controlled by FSA

Provenance

Return type
form_990
Tax year
2024
Filed
9 December 2025
IRS schema version
2024v5.2
Source object
202533499349300123

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