Totals
- Total revenue
- $2,810,045
- Total expenses
- $2,180,889
- Contributions and grants received
- $2,516,563
- Grants paid
- $1,893,097
- Program service revenue
- $0
- Investment income
- $328,229
- Other revenue
- -$34,747
- Total assets, end of year
- $14,065,658
- Total liabilities, end of year
- $20,298
- Net assets or fund balances, end of year
- $14,045,360
- Program services expenses (Part IX)
- $2,014,062
- Management and general expenses
- $136,481
- Fundraising expenses
- $30,346
- Program service expenses (Part III)
- $2,014,062
Program services were 92.4% 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
$865,027
-
1f · All other contributions, gifts and grants
$1,651,536
-
1g · Noncash contributions included above
$22,027
-
3 · Investment income
total $328,791 · excluded $328,791
-
7a · Gross sales of assets other than inventory
securities $303,915
-
7b · Less cost or other basis and sales expenses
securities $304,477
-
7c · Gain or loss
securities -$562
-
7d · Net gain or loss
total -$562 · excluded -$562
-
8a · Fundraising events: gross income
$65,513
-
8a · Fundraising events: contributions included on line 1c
$865,027
-
8b · Fundraising events: direct expenses
$116,260
-
8c · Net income from fundraising events
total -$50,747 · excluded -$50,747
-
11a · Other revenue: CHARTER REVENUE
total $16,000 · unrelated business $16,000
-
11e · Other revenue, total
$16,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $619,533 · program services $619,533
-
2 · Grants to domestic individuals
total $1,273,564 · program services $1,273,564
-
11c · Fees: accounting
total $29,554 · management and general $29,554
-
12 · Advertising and promotion
total $7,227 · fundraising $7,227
-
13 · Office expenses
total $26,654 · program services $5,475 · management and general $13,670 · fundraising $7,509
-
14 · Information technology
total $36,801 · management and general $36,801
-
17 · Travel
total $22,050 · program services $17,028 · management and general $5,022
-
19 · Conferences, conventions and meetings
total $947 · fundraising $947
-
22 · Depreciation, depletion and amortization
total $61,948 · program services $11,986 · management and general $49,962
-
23 · Insurance
total $57,523 · program services $57,523
-
24a · Other expenses: UBI TAX EXPENSE
total $1,472 · management and general $1,472
-
24b · Other expenses: CAMPAIGN EXPENSES
total $11,725 · fundraising $11,725
-
24c · Other expenses: SPORTS EQUIPMENT
total $10,986 · program services $10,986
-
24d · Other expenses: SPORT EVENTS
total $8,500 · program services $8,500
-
24e · All other expenses
total $12,405 · program services $9,467 · fundraising $2,938
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,704,908 · end of year $2,826,778
-
2 · Savings and temporary cash investments
beginning of year $1,002,282 · end of year $1,025,918
-
3 · Pledges and grants receivable
beginning of year $50,000 · end of year $257,583
-
9 · Prepaid expenses and deferred charges
beginning of year $40,096 · end of year $54,417
-
10a · Land, buildings and equipment: cost or other basis
$411,811
-
10b · Land, buildings and equipment: accumulated depreciation
$220,292
-
10c · Land, buildings and equipment, net
beginning of year $253,468 · end of year $191,519
-
12 · Investments: other securities
beginning of year $8,746,311 · end of year $9,653,951
-
15 · Other assets
beginning of year $110,493 · end of year $55,492
-
17 · Accounts payable and accrued expenses
beginning of year $24,747 · end of year $20,298
-
27 · Net assets without donor restrictions
beginning of year $2,094,240 · end of year $2,131,412
-
28 · Net assets with donor restrictions
beginning of year $10,788,571 · end of year $11,913,948
Mission and programs · 2022
Mission
THE SUNY MARITIME FOUNDATION, INC. IS THE PRIMARY ORGANIZATION TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE. THIS SUPPORT ASSISTS SUNY MARITIME TO ACHIEVE ITS MISSION AND VISION WHILE AT THE SAME TIME ENRICHING THE EDUCATIONAL QUALITY OF THE COLLEGE, THE STUDENTS AND THE FACULTY.
Activities or mission (Part I)
TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE.
-
GRANTMAKING PROGRAM:THE FOUNDATION SUPPORTS AND PROVIDES FINANCIAL ASSISTANCE TO SUNY MARITIME COLLEGE (THE "COLLEGE") BY SOLICITING, ACCEPTING AND MANAGING PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS. SUCH FUNDING IS USED TO PROVIDE SCHOLARSHIPS AND FURTHER THE EDUCATIONAL OBJECTIVES OF THE COLLEGE.
Expenses $1,780,133 · Grants $1,744,597
-
ATHLETICS PROGRAM: THE OFFICE OF ATHLETICS OFFERS A WIDE ARRAY OF SPORT ACTIVITIES, FITNESS PROGRAMS AND RECREATIONAL FACILITIES FOR THE ENTIRE CAMPUS COMMUNITY. VARSITY ATHLETICS INCLUDES 13 NCAA DIVISION III TEAMS, MEN'S ROWING AND CO-ED SAILING TEAMS. CLUB SPORTS INCLUDE ICE HOCKEY, RIFLE AND RUGBY. INTRAMURAL SPORTS ARE OFFERED THROUGHOUT THE YEAR, WITH OFFERINGS BASED ON STUDENT ENGAGEMENT. THE DEPARTMENT OF PHYSICAL EDUCATION OFFERS CLASSES IN SWIMMING, YOGA, MARTIAL ARTS AND POWERBOAT HANDING, AMONG OTHERS.
Expenses $157,000 · Grants $148,500
-
BOAT DONATION PROGRAM: SUNY MARITIME COLLEGE OPERATES A BOAT DONATION PROGRAM TO RAISE ADDITIONAL RESOURCES TO SUPPORT THE WATERFRONT'S PROGRAMS AND TO PROVIDE ADDITIONAL INVENTORY FOR STUDENTS TO USE FOR TRAINING AND OTHER RECREATIONAL PURPOSES. THE ASSETS CURRENTLY OVERSEEN INCLUDE: POWER BOATS, SAILING VESSELS AND TRAILERS. IN ADDITION TO BEING A REVENUE GENERATING PROGRAM FOR THE COLLEGE/FOUNDATION, THE BOAT DONATION EXPANDS CONNECTIONS FOR THE COLLEGE AMONG THE SAILING COMMUNITY.
Expenses $76,929
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AIMEE BERNSTEIN
EXECUTIVE DIRECTOR
- Total calculated
- $42,852
- From this org
- $25,456
- From related orgs
- $0
- Other
- $17,396
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $25,456
- Bonus
- $0
- Other
- $0
- Deferred
- $3,752
- Nontaxable benefits
- $13,644
- Filer's total
- $42,852
-
MICHAEL ALFULTIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
ROXANNE THOMPSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
CAPT ROBERT JOHNSTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN BREE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM AUSTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
ALEXANDRA ANAGNOSTIS-IRONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
MICHAEL CHALOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
CAPT IOANNIS FRANGOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
WILLIAM GALLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
IOANNIS JOHN KROUSOULOUDIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
JOSEPH MAURELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
AJ MCALLISTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
BRUCE ROSENBLATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
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 VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION:
- AIMEE BERNSTEIN IS PAID BY AN UNRELATED ORGANIZATION, STATE UNIVERSITY OF NEW YORK, FOR SERVICES PROVIDED TO SUNY MARITIME FOUNDATION AS EXECUTIVE DIRECTOR. SHE RECEIVES A W-2 FOR HER SERVICES, AS WELL AS NONTAXABLE BENEFITS AND DEFERRED COMPENSATION FROM THE UNRELATED ORGANIZATION. THE COMPENSATION REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II IS BASED ON HER CALENDAR YEAR COMPENSATION FOR SERVICES RENDERED TO THE ORGANIZATION.
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
-
$619,533
PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441249349302554
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