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← FACULTY STUDENT ASSOCN OF STATE UNIV OF NY AT SYRACUSE ET AL

Form 990 for tax year 2024

Filed by FACULTY STUDENT ASSOCN OF STATE UNIV OF NY AT SYRACUSE ET AL.

Totals

Total revenue
$3,603,805
Total expenses
$3,564,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,380,068
Investment income
$47,221
Other revenue
$176,516
Total assets, end of year
$3,399,799
Total liabilities, end of year
$1,878,258
Net assets or fund balances, end of year
$1,521,541
Program services expenses (Part IX)
$3,171,453
Management and general expenses
$393,226
Fundraising expenses
$0
Program service expenses (Part III)
$3,171,453

Program services were 89.0% 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: SHUTTLE BUS

    total $2,753,587 · related or exempt $2,753,587

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $451,664 · related or exempt $451,664

  • 2c · Program service revenue: RENTAL

    total $137,449 · related or exempt $137,449

  • 2d · Program service revenue: COMMISSION - VENDING

    total $21,895 · related or exempt $21,895

  • 2e · Program service revenue: BOOKSTORE INCOME

    total $73 · related or exempt $73

  • 2f · All other program service revenue

    total $15,400 · related or exempt $15,400

  • 3 · Investment income

    total $47,221 · excluded $47,221

  • 11a · Other revenue: SUPPORT FROM AFFILIATE

    total $176,516 · related or exempt $176,516

  • 11e · Other revenue, total

    $176,516

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,801 · management and general $1,801

  • 11c · Fees: accounting

    total $10,292 · management and general $10,292

  • 11g · Fees: other

    total $4,194 · management and general $4,194

  • 16 · Occupancy

    total $310,359 · management and general $310,359

  • 22 · Depreciation, depletion and amortization

    total $1,474 · program services $1,474

  • 23 · Insurance

    total $13,418 · management and general $13,418

  • 24a · Other expenses: SHUTTLE BUS

    total $2,753,587 · program services $2,753,587

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $443,530 · program services $404,692 · management and general $38,838

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $26,024 · program services $11,700 · management and general $14,324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,722,958 · end of year $1,557,374

  • 2 · Savings and temporary cash investments

    beginning of year $331,650 · end of year $331,716

  • 4 · Accounts receivable

    beginning of year $519,043 · end of year $484,482

  • 7 · Other notes and loans receivable

    beginning of year $11,074 · end of year $13,074

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,253 · end of year $12,218

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

    $268,842

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

    $256,463

  • 10c · Land, buildings and equipment, net

    beginning of year $730 · end of year $12,379

  • 15 · Other assets

    beginning of year $1,218,352 · end of year $988,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $521,920 · end of year $486,697

  • 19 · Deferred revenue

    beginning of year $3,250 · end of year $3,250

  • 21 · Escrow or custodial account liability

    beginning of year $563,097 · end of year $385,335

  • 25 · Other liabilities

    beginning of year $1,236,378 · end of year $1,002,976

  • 27 · Net assets without donor restrictions

    beginning of year $1,439,125 · end of year $1,478,251

  • 28 · Net assets with donor restrictions

    beginning of year $43,290 · end of year $43,290

Mission and programs · 2024

Mission

TO PROMOTE AND CULTIVATE EDUCATIONAL AND SOCIAL RELATIONS AMONG THE STUDENTS AND THE FACULTY AT THE SUNY UPSTATE MEDICAL UNIVERSITY.

Activities or mission (Part I)

THE ASSOCIATION OPERATED UNDER AN AGREEMENT WITH THE STATE UNIVERSITY OF NEW YORK TO PROMOTE AND CULTIVATE EDUCATIONAL AND SOCIAL RELATIONS AMONG THE STUDENTS AND THE FACULTY AT THE STATE UNIVERSITY, AS WELL AS AIDING THE STUDENTS AND FACULTY IN THEIR EDUCATION AND IN THEIR STUDY, WORK, LIVING AND EXTRACURRICULAR ACTIVITIES.

  • STUDENT ACTIVITIES - MANAGE AND PROMOTE STUDENT, FACULTY AND STAFF ACTIVITIES IN THE FURTHERANCE OF EDUCATION AND RELATED ACTIVITIES.

    Expenses $417,866 · Revenue $451,664

  • AUXILIARY PROGRAMS - TO PROVIDE VARIOUS AUXILIARY SERVICES TO STUDENTS, FACULTY AND STAFF OF UPSTATE MEDICAL CENTER CAMPUS INCLUDING A BOOKSTORE, VENDING, SHUTTLE BUS, ATM BANKING, AND MICROSCOPE RENTAL.

    Expenses $2,753,587 · Revenue $3,104,920

As filed on the 2024 return.

Listed in Part VII

  • RYAN GREEN

    CHAIR OF BOARD

    Total calculated
    $112,580
    From this org
    $0
    From related orgs
    $102,666
    Other
    $9,914
    Hours/week
    1
  • SHARON HUARD

    VICE CHAIR

    Total calculated
    $239,157
    From this org
    $0
    From related orgs
    $211,908
    Other
    $27,249
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $211,908 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,249 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,157 related
  • ERIC J SMITH

    TREASURER

    Total calculated
    $622,494
    From this org
    $0
    From related orgs
    $564,048
    Other
    $58,446
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $533,548 related
    Bonus
    $0
    Other
    $0 + $30,500 related
    Deferred
    $0 + $25,031 related
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $622,494 related
  • NICHOLAS BRENNAN

    USG PRESIDENT

    Total calculated
    $28,490
    From this org
    $0
    From related orgs
    $28,490
    Other
    $0
    Hours/week
    1
  • ERIN BOLSEI

    BOARD MEMBER

    Total calculated
    $185,751
    From this org
    $0
    From related orgs
    $170,536
    Other
    $15,215
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $170,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,215 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $185,751 related
  • WILLIAM SULLIVAN

    SECRETARY

    Total calculated
    $182,332
    From this org
    $0
    From related orgs
    $135,735
    Other
    $46,597
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $135,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,182 related
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $182,332 related
  • KAUSHAL NANAVATI MD

    BOARD MEMBER

    Total calculated
    $187,521
    From this org
    $0
    From related orgs
    $140,388
    Other
    $47,133
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $140,388 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,771 related
    Nontaxable benefits
    $0 + $28,362 related
    Filer's total
    $0 + $187,521 related
  • MUS'AB AZAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KATHY BURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • CHRIS STANTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ALLYSA KEMRAJ

    BOARD MEMBER

    Total calculated
    $19,033
    From this org
    $0
    From related orgs
    $18,469
    Other
    $564
    Hours/week
    1
  • ALEX RODRIGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • AARON GLASS

    BOARD MEMBER

    Total calculated
    $169,662
    From this org
    $0
    From related orgs
    $117,482
    Other
    $52,180
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $117,482 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,765 related
    Nontaxable benefits
    $0 + $33,415 related
    Filer's total
    $0 + $169,662 related
  • THOMAS M DUNCAN

    FORMER OFFICER

    Total calculated
    $155,045
    From this org
    $0
    From related orgs
    $109,137
    Other
    $45,908
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $109,137 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,204 related
    Nontaxable benefits
    $0 + $25,704 related
    Filer's total
    $0 + $155,045 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 TREASURER IS AN EMPLOYEE OF SUNY UPSTATE MEDICAL UNIVERSITY. HIS COMPENSATION IS DETERMINED AND AUTHORIZED BY THE PRESIDENT OF UPSTATE MEDICAL UNIVERSITY AS CHIEF ADMINISTRATIVE OFFICER OF SUNY UPSTATE MEDICAL UNIVERSITY.

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
3 February 2026
IRS schema version
2024v5.5
Source object
202640409349301514

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