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

Form 990 for tax year 2023

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

Totals

Total revenue
$3,599,492
Total expenses
$5,561,545
Contributions and grants received
$0
Grants paid
$2,000,000
Program service revenue
$3,341,805
Investment income
$83,031
Other revenue
$174,656
Total assets, end of year
$3,807,060
Total liabilities, end of year
$2,324,645
Net assets or fund balances, end of year
$1,482,415
Program services expenses (Part IX)
$5,150,750
Management and general expenses
$410,795
Fundraising expenses
$0
Program service expenses (Part III)
$5,150,750

Program services were 92.6% 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 $2,666,708 · related or exempt $2,666,708

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $484,047 · related or exempt $484,047

  • 2c · Program service revenue: RENTAL

    total $148,708 · related or exempt $148,708

  • 2d · Program service revenue: COMMISSION - VENDING

    total $28,375 · related or exempt $28,375

  • 2f · All other program service revenue

    total $13,967 · related or exempt $13,967

  • 3 · Investment income

    total $83,031 · excluded $83,031

  • 11a · Other revenue: SUPPORT FROM AFFILIATE

    total $174,656 · related or exempt $174,656

  • 11e · Other revenue, total

    $174,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000,000 · program services $2,000,000

  • 11b · Fees: legal

    total $19,396 · management and general $19,396

  • 11c · Fees: accounting

    total $10,778 · management and general $10,778

  • 11g · Fees: other

    total $3,883 · management and general $3,883

  • 16 · Occupancy

    total $322,598 · management and general $322,598

  • 22 · Depreciation, depletion and amortization

    total $3,532 · program services $3,532

  • 23 · Insurance

    total $12,986 · management and general $12,986

  • 24a · Other expenses: SHUTTLE BUS

    total $2,666,708 · program services $2,666,708

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $511,196 · program services $474,845 · management and general $36,351

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $10,468 · program services $5,665 · management and general $4,803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,596,307 · end of year $1,722,958

  • 2 · Savings and temporary cash investments

    beginning of year $331,584 · end of year $331,650

  • 4 · Accounts receivable

    beginning of year $226,552 · end of year $519,043

  • 7 · Other notes and loans receivable

    beginning of year $15,148 · end of year $11,074

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,181 · end of year $3,253

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

    $269,306

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

    $268,576

  • 10c · Land, buildings and equipment, net

    beginning of year $4,262 · end of year $730

  • 15 · Other assets

    beginning of year $1,441,761 · end of year $1,218,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $253,998 · end of year $521,920

  • 19 · Deferred revenue

    beginning of year $11,000 · end of year $3,250

  • 21 · Escrow or custodial account liability

    beginning of year $458,556 · end of year $563,097

  • 25 · Other liabilities

    beginning of year $1,450,773 · end of year $1,236,378

  • 27 · Net assets without donor restrictions

    beginning of year $3,401,178 · end of year $1,439,125

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $484,042 · Revenue $484,047

  • 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 $4,666,708 · Grants $2,000,000 · Revenue $3,032,414

As filed on the 2023 return.

Listed in Part VII

  • Erin Bolsei

    BOARD MEMBER

    Total calculated
    $145,008
    From this org
    $0
    From related orgs
    $130,528
    Other
    $14,480
    Hours/week
    1

  • Mus'Ab Azam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyler Paul

    BOARD MEMBER

    Total calculated
    $31,783
    From this org
    $0
    From related orgs
    $31,783
    Other
    $0
    Hours/week
    1

  • Ryan Green

    BOARD MEMBER

    Total calculated
    $104,461
    From this org
    $0
    From related orgs
    $95,207
    Other
    $9,254
    Hours/week
    1

  • Allysa Kemraj

    BOARD MEMBER

    Total calculated
    $31,468
    From this org
    $0
    From related orgs
    $30,830
    Other
    $638
    Hours/week
    1

  • Stacie Corrigan

    BOARD MEMBER

    Total calculated
    $131,250
    From this org
    $0
    From related orgs
    $129,140
    Other
    $2,110
    Hours/week
    1

  • Kaushal Nanavati MD

    BOARD MEMBER

    Total calculated
    $159,816
    From this org
    $0
    From related orgs
    $126,167
    Other
    $33,649
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $126,167 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,426 related
    Nontaxable benefits
    $0 + $26,223 related
    Filer's total
    $0 + $159,816 related

  • Hansen Tai

    BOARD MEMBER

    Total calculated
    $3,500
    From this org
    $0
    From related orgs
    $3,500
    Other
    $0
    Hours/week
    1

  • Michelle Rice

    BOARD MEMBER

    Total calculated
    $1,412
    From this org
    $0
    From related orgs
    $1,412
    Other
    $0
    Hours/week
    1

  • Thomas M Duncan

    CHAIR OF BOARD

    Total calculated
    $171,051
    From this org
    $0
    From related orgs
    $125,300
    Other
    $45,751
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $125,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,528 related
    Nontaxable benefits
    $0 + $26,223 related
    Filer's total
    $0 + $171,051 related

  • Eric J Smith

    TREASURER

    Total calculated
    $533,465
    From this org
    $0
    From related orgs
    $478,820
    Other
    $54,645
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $449,353 related
    Bonus
    $0
    Other
    $0 + $29,467 related
    Deferred
    $0 + $25,031 related
    Nontaxable benefits
    $0 + $29,614 related
    Filer's total
    $0 + $533,465 related

  • Nicholas Brennan

    USG PRESIDENT

    Total calculated
    $31,797
    From this org
    $0
    From related orgs
    $25,518
    Other
    $6,279
    Hours/week
    1

  • Sharon Huard

    VICE CHAIR

    Total calculated
    $216,966
    From this org
    $0
    From related orgs
    $190,728
    Other
    $26,238
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $190,728 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,238 related
    Filer's total
    $0 + $216,966 related

  • Carol Sames

    FORMER BOARD SECRETARY

    Total calculated
    $152,235
    From this org
    $0
    From related orgs
    $135,723
    Other
    $16,512
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $135,723 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,512 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $152,235 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

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.

  • SUNY UPSTATE MEDICAL UNIVERSITY

    GOVERNMENTAL · COLLEGE FOR TRAINING STUDENTS IN HEALTH, MEDICINE AND RESEARCH · NY

  • UPSTATE PROPERTIES DEVELOPMENT INC

    501(C)(3) · TO HOLD TITLE TO PROPERTY AND DISTRIBUTE THE NET PROFIT TO ITS SOLE MEMBER. · NY

    Directly controlled by SUNY UPSTATE MEDICAL UNIVERSITY

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.

  • UPSTATE LOGUEN CROSSING CORPORATION INC

    C · TO HOLD PROPERTY FOR PRIVATE DEVELOPMENT · NY

Provenance

Return type
form_990
Tax year
2023
Filed
28 March 2025
IRS schema version
2023v6.0
Source object
202520909349301607

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