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Nonprofiteer
← K RICE TR UW FBO SCHENECTADY FOUNDA TION

Form 990 for tax year 2024

Filed by K RICE TR UW FBO SCHENECTADY FOUNDA TION.

Totals

Total revenue
$717,172
Total expenses
$277,689
Contributions and grants received
$0
Grants paid
$214,027
Program service revenue
$0
Investment income
$717,172
Other revenue
$0
Total assets, end of year
$6,256,950
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,256,950
Program services expenses (Part IX)
$214,027
Management and general expenses
$63,662
Fundraising expenses
$0
Program service expenses (Part III)
$214,027

Program services were 77.1% 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.

  • 3 · Investment income

    total $274,373 · excluded $274,373

  • 7a · Gross sales of assets other than inventory

    securities $376,000 · other assets $117,740

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

    securities $50,941

  • 7c · Gain or loss

    securities $325,059 · other assets $117,740

  • 7d · Net gain or loss

    total $442,799 · excluded $442,799

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $214,027 · program services $214,027

  • 5 · Compensation of officers, directors and key employees

    total $62,912 · management and general $62,912

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 24a · Other expenses: NYS FILING FEE

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $831,535 · end of year $945,959

  • 11 · Investments: publicly traded securities

    beginning of year $4,985,932 · end of year $5,310,990

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,817,467 · end of year $6,256,950

Mission and programs · 2024

Mission

TO SUPPORT THE SCHENECTADY FOUNDATION ENDOWMENT FUND

  • CHARITABLE CONTRIBUTIONS PAID IN ACCORDANCE WITH TERMS OF WILL. CONTRIBUTIONS WERE PAID TO THE SCHENECTADY FOUNDATION ENDOWMENT FUND.

    Expenses $214,027 · Grants $214,027

  • CHARITABLE CONTRIBUTIONS PAID IN ACCORDANCE WITH TERMS OF WILL. CONTRIBUTIONS WERE PAID TO THE SCHENECTADY FOUNDATION ENDOWMENT FUND.

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

Listed in Part VII

  • Trustco Bank

    TRUSTEE

    Total calculated
    $62,912
    From this org
    $62,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2025
IRS schema version
2024v5.0
Source object
202521279349302367

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

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