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← STATE UNIVERSITY OF NEW YORK AT ALBANY BENEVOLENT ASSOCIATION INC

Form 990 for tax year 2023

Filed by STATE UNIVERSITY OF NEW YORK AT ALBANY BENEVOLENT ASSOCIATION INC.

Totals

Total revenue
$255,821
Total expenses
$121,988
Contributions and grants received
$500
Grants paid
$94,234
Program service revenue
$0
Investment income
$255,321
Other revenue
$0
Total assets, end of year
$2,230,132
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,230,132
Program services expenses (Part IX)
$94,234
Management and general expenses
$27,754
Fundraising expenses
$0
Program service expenses (Part III)
$94,234

Program services were 77.2% 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.

  • 1f · All other contributions, gifts and grants

    $500

  • 3 · Investment income

    total $70,973 · excluded $70,973

  • 7a · Gross sales of assets other than inventory

    securities $741,232

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

    securities $556,884

  • 7c · Gain or loss

    securities $184,348

  • 7d · Net gain or loss

    total $184,348 · related or exempt $184,348

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $94,234 · program services $94,234

  • 11c · Fees: accounting

    total $6,400 · management and general $6,400

  • 11f · Fees: investment management

    total $13,199 · management and general $13,199

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $8,130 · management and general $8,130

  • 24b · Other expenses: FILING FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,426 · end of year $123,831

  • 11 · Investments: publicly traded securities

    beginning of year $2,008,470 · end of year $2,106,301

  • 27 · Net assets without donor restrictions

    beginning of year $1,230,764 · end of year $1,335,849

  • 28 · Net assets with donor restrictions

    beginning of year $821,132 · end of year $894,283

Mission and programs · 2023

Mission

THE ASSOCIATION'S PRIMARY MISSION IS TO FOSTER EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND FACULTY OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY BY MAKING GRANTS FOR THE ESTABLISHMENT OF STUDENT GRANTS AND LOAN FUNDS AND THROUGH MAKING DIRECT GRANTS OR LOANS TO INDIVIDUALS TO ENABLE THEM TO MEET THE EXPENSES OF HIGHER EDUCATION.

Activities or mission (Part I)

THE ASSOCIATION'S MISSION IS TO FOSTER EDUCATIONAL OPPORTUNITIES FOR STUDENTS OF THESTATE UNIVERSITY OF NEW YORK AT ALBANY BY MAKING GRANTS DIRECT GRANTS OR LOANS TO INDIVIDUALS TO ENABLE THEM TO MEET THE EXPENSES OF HIGHER EDUCATION.

  • THE ASSOCIATION WAS ABLE TO PROVIDE SUPPORT TO 98 STUDENTS ATTENDING THE STATE UNIVERSITY OF NEW YORK AT ALBANY DURING THE FISCAL YEAR.

    Expenses $94,234 · Grants $94,234

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert M Gottheim Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey L Luks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Gregory A Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Susan Van Horn Shipherd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ema Buco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Crystal Robinson-Loffler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Thomas Tidd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kristina Moran Muller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Michael A Olin

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Marilyn Anderson Pendergast

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Canon Kay C Hotaling

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202520169349301772

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