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← STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION I

Form 990 for tax year 2023

Filed by STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION I.

Totals

Total revenue
$1,956,270
Total expenses
$1,852,693
Contributions and grants received
$1,197,126
Grants paid
$1,551,881
Program service revenue
$0
Investment income
$795,546
Other revenue
-$36,402
Total assets, end of year
$10,265,639
Total liabilities, end of year
$112,646
Net assets or fund balances, end of year
$10,152,993
Program services expenses (Part IX)
$1,551,915
Management and general expenses
$232,596
Fundraising expenses
$68,182
Program service expenses (Part III)
$1,551,915

Program services were 83.8% 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

    $200,975

  • 1f · All other contributions, gifts and grants

    $996,151

  • 1g · Noncash contributions included above

    $25,171

  • 3 · Investment income

    total $486,416 · excluded $486,416

  • 7a · Gross sales of assets other than inventory

    securities $7,443,995

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

    securities $7,134,865

  • 7c · Gain or loss

    securities $309,130

  • 7d · Net gain or loss

    total $309,130 · excluded $309,130

  • 8a · Fundraising events: gross income

    $0

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

    $200,975

  • 8b · Fundraising events: direct expenses

    $36,402

  • 8c · Net income from fundraising events

    total -$36,402 · excluded -$36,402

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $975,206 · program services $975,206

  • 2 · Grants to domestic individuals

    total $576,675 · program services $576,675

  • 11a · Fees: management

    total $12,000 · management and general $12,000

  • 11b · Fees: legal

    total $7,946 · management and general $7,946

  • 11c · Fees: accounting

    total $10,156 · management and general $10,156

  • 11f · Fees: investment management

    total $84,336 · management and general $84,336

  • 11g · Fees: other

    total $50,000 · management and general $50,000

  • 24a · Other expenses: BANKING EXPENSE

    total $67,383 · management and general $67,383

  • 24b · Other expenses: SPECIAL EVENTS

    total $57,613 · fundraising $57,613

  • 24c · Other expenses: FUNDRAISING ACTIVITIES

    total $10,569 · fundraising $10,569

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $775 · management and general $775

  • 24e · All other expenses

    total $34 · program services $34

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700,883 · end of year $919,713

  • 2 · Savings and temporary cash investments

    beginning of year $21,151 · end of year $21,172

  • 3 · Pledges and grants receivable

    beginning of year $18,375 · end of year $37,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,136 · end of year $27,826

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

    $2,402

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,994 · end of year $2,402

  • 12 · Investments: other securities

    beginning of year $12,078,777 · end of year $9,257,331

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,869 · end of year $88,646

  • 19 · Deferred revenue

    beginning of year $19,020 · end of year $24,000

  • 27 · Net assets without donor restrictions

    beginning of year $468,393 · end of year $578,080

  • 28 · Net assets with donor restrictions

    beginning of year $12,297,034 · end of year $9,574,913

Mission and programs · 2023

Mission

THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION OPERATES PRIMARILY TO ENCOURAGE AND RECEIVE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE (SUNY POLY).

  • SCHOLARSHIP AND ASSISTANCE TO ELIGIBLE INDIVIDUALS ATTENDING SUNY POLY. 509 SCHOLARSHIPS GIVEN OUT.

    Expenses $576,675 · Grants $576,675

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

    Expenses $975,240 · Grants $975,206

As filed on the 2023 return. 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

  • Lynn Rosen

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Louis Leogrande

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Scott McCartney

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Heather Hage

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Anthony Vennero

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Joanne Donaruma Wade

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • John Hobika Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jasminka Husic

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Megan Dischiavo

    MEMBER

    Total calculated
    $142,578
    From this org
    $0
    From related orgs
    $86,700
    Other
    $55,878
    Hours/week
    0.3

  • Mary Ellen Burdick

    TREASURER

    Total calculated
    $281,770
    From this org
    $0
    From related orgs
    $171,341
    Other
    $110,429
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,341 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $110,429 related
    Filer's total
    $0 + $281,770 related

  • Tricia Sticca

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Brittany Morawiec

    MEMBER

    Total calculated
    $119,262
    From this org
    $0
    From related orgs
    $72,522
    Other
    $46,740
    Hours/week
    0.2

  • Michael Frame

    CEO THROUGH 10/2023

    Total calculated
    $50,777
    From this org
    $0
    From related orgs
    $30,877
    Other
    $19,900
    Hours/week
    0.2

  • Anita Brown

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Melissa Cummings

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Susan Head

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Stephen Teti

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Ashely Evans

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nick Rossi

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Gregory Denbeaux

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Zach Reynolds

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.2

  • Andrea Lagatta

    EXECUTIVE DIRECTOR

    Total calculated
    $181,857
    From this org
    $0
    From related orgs
    $110,585
    Other
    $71,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $110,585 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $71,272 related
    Filer's total
    $0 + $181,857 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

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

  • STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE

    $975,206

    CAMPUS SUPPORT, DEVELOPMENT AND EVENTS

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349300531

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