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← SUNY AGRICULTURE & TECH COLLEGE FOUND INC FACULTY STUD ASSOC SUNY

Form 990 for tax year 2022

Filed by SUNY AGRICULTURE & TECH COLLEGE FOUND INC FACULTY STUD ASSOC SUNY.

Totals

Total revenue
$2,880,969
Total expenses
$1,787,219
Contributions and grants received
$2,054,785
Grants paid
$987,976
Program service revenue
$351,840
Investment income
$397,502
Other revenue
$76,842
Total assets, end of year
$15,115,332
Total liabilities, end of year
$398,543
Net assets or fund balances, end of year
$14,716,789
Program services expenses (Part IX)
$1,660,122
Management and general expenses
$96,000
Fundraising expenses
$31,097
Program service expenses (Part III)
$1,660,122

Program services were 92.9% 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

    $2,054,785

  • 1g · Noncash contributions included above

    $38,205

  • 2a · Program service revenue: STRATEGIC INITIATIVE

    total $248,999 · related or exempt $248,999

  • 2b · Program service revenue: FEES AND ACTIVITIES

    total $102,841 · related or exempt $102,841

  • 3 · Investment income

    total $156,664 · excluded $156,664

  • 7a · Gross sales of assets other than inventory

    securities $3,008,796

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

    securities $2,767,958

  • 7c · Gain or loss

    securities $240,838

  • 7d · Net gain or loss

    total $240,838 · excluded $240,838

  • 8a · Fundraising events: gross income

    $102,470

  • 8b · Fundraising events: direct expenses

    $25,628

  • 8c · Net income from fundraising events

    total $76,842 · excluded $76,842

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $987,976 · program services $987,976

  • 11c · Fees: accounting

    total $62,352 · management and general $57,341 · fundraising $5,011

  • 23 · Insurance

    total $2,069 · management and general $2,069

  • 24a · Other expenses: EDUCATIONAL SERVICES

    total $373,134 · program services $373,134

  • 24b · Other expenses: ADMIN FEES

    total $166,188 · program services $102,840 · management and general $63,348

  • 24c · Other expenses: SUPPLIES

    total $55,138 · program services $53,932 · management and general $1,206

  • 24d · Other expenses: IN KIND NON-CASH MATERI

    total $38,205 · program services $38,205

  • 24e · All other expenses

    total $102,157 · program services $104,035 · management and general -$27,964 · fundraising $26,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,598,761 · end of year $1,225,501

  • 2 · Savings and temporary cash investments

    beginning of year $69,389 · end of year $74,508

  • 3 · Pledges and grants receivable

    beginning of year $997,822 · end of year $934,992

  • 12 · Investments: other securities

    beginning of year $10,190,504 · end of year $11,682,943

  • 15 · Other assets

    beginning of year $498,224 · end of year $1,197,388

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,765 · end of year $13,819

  • 25 · Other liabilities

    beginning of year $435,596 · end of year $384,724

  • 27 · Net assets without donor restrictions

    beginning of year $2,288,027 · end of year $3,818,239

  • 28 · Net assets with donor restrictions

    beginning of year $10,586,312 · end of year $10,898,550

Mission and programs · 2022

Mission

THE FOUNDATIONS MISSION IS TO DEVELOP ADDITIONAL RESOURCES TO ENABLE THE COLLEGE TO PROVIDE QUALITY EDUCATIONAL EXPERIENCES FOR ITS STUDENTS THE FOUNDATION PROVIDES ANNUAL AND HONORS SCHOLARSHIPS AS WELL AS AWARDS BASED ON FINANCIAL NEED AND ACADEMIC MERIT ALSO SUPPORTED BY FOUNDATION RESOURCES ARE COLLEGE-WIDE MAJOR GIFT FUNDRAISING AND ASSET MANAGEMENT, EMERGENCY STUDENT LOANS, SPECIAL PROJECTS FOR PROFESSIONAL STAFF DEVELOPMENT, SUPPORT FOR UNIQUE ACADEMIC ENRICHMENT PROGRAMS AND ENHANCEMENT OF THE COMMUNITY'S AWARENESS OF THE COLLEGE AND ITS SERVICES.

  • THE ORGANIZATION COLLECTS AN ADMINISTRATIVE FEE FROM THE SCHOLARSHIPS IT ADMINISTERS IN ORDER TO COVER GENERAL AND ADMINISTRATIVE COSTS THE ORGANIZATION ACCOUNTS FOR EDUCATIONAL PROGRAM ACTIVITIES FOR WHICH INCOME IS EARNED THROUGH STUDENT ACTIVITIES TO SUPPORT EDUCATIONAL ACTIVITY EXPENSES.

    Expenses $1,660,122 · Grants $987,976 · Revenue $351,840

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanne Darcy Crum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Purcell

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Pochily

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Glenn Eugster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Kneller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Tuttle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Batchelder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Maggie Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Nudelman Dm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katrina Pearl

    FACULTY APPOINTEE

    Total calculated
    $122,521
    From this org
    $0
    From related orgs
    $122,521
    Other
    $0
    Hours/week
    1 + 40 related

  • Stephanie Middleton

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Emiley Purvis

    ALUMNI ASSOCIATION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Brian Marhaver

    NON-FACULTY CAMPUS REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • Marion Terenzio PhD

    COLLEGE PRESIDENT

    Total calculated
    $426,270
    From this org
    $0
    From related orgs
    $426,270
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,000 related
    Bonus
    $0
    Other
    $0 + $166,270 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $426,270 related

  • John Brust

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wendy Gilman

    ASSISTANT TREASURER

    Total calculated
    $290,519
    From this org
    $0
    From related orgs
    $290,519
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,200 related
    Bonus
    $0
    Other
    $0 + $113,319 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $290,519 related

  • Geoffrey Rightmyer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Zacharek

    EXECUTIVE DIRECTOR

    Total calculated
    $265,648
    From this org
    $0
    From related orgs
    $265,648
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,030 related
    Bonus
    $0
    Other
    $0 + $103,618 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $265,648 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202441179349300424

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