Fort Schuyler Management Corporation

Organization Overview

Fort Schuyler Management Corporation is located in Albany, NY. The organization was established in 2012. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Schuyler Management Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2019, Fort Schuyler Management Corporation generated $73.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $107.6m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

FORT SCHUYLER MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, ECONOMIC DEVELOPMENT, AND CHARITABLE PURPOSES. IT ACHIEVES THIS OBJECTIVE BY FACILITATING RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES RELATED TO THE RESEARCH AND EDUCATION MISSION OF SUNY BY PURCHASING, CONSTRUCTING, DEVELOPING AND MANAGING FACILITIES AND PROMOTING RESEARCH THEREIN WHICH SUPPORT THE ECONOMIC DEVELOPMENT, RESEARCH ACTIVITIES AND THE MISSION OF THE SUNY POLYTECHNIC INSTITUTE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM COSTS ARE INCURRED AS PART OF THE OVERALL MISSION OF THE CORPORATION AS A STATE UNIVERSITY OF NEW YORK AFFILIATE, ADVANCING THE ECONOMIC DEVELOPMENT AND EDUCATION AND WORKFORCE TRAINING OF THE STATE OF NEW YORK.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Grose
President/chairman As Of 6/30/2021
$262,769
Patricia Arciero-Craig
Cao, Acting General Counsel
$243,861
Thomas Alfieri
Associate Vice President
$197,941
Timothy Taylor
CFO
$197,638
Paul Kelly
COO
$176,958
Patricia Bucklin
Secretary
$158,914

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Seavest Core Buffalo Conventus Llc
Rent
$1,492,517
Hinman Straub Pc
Legal
$344,295
Kpmg Llp
Accounting/tax
$118,250
Key Success Llc
Rental Oper Exp
$116,472
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$94,343,741
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$18,695,430
Net Gain/Loss on Asset Sales -$2,267,287
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $73,698,654

Peer Organizations

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