Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl
- Assets
- $12.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Farmingdale, NY
- Founding
- 05/1958
- Data as of
- 06/2024
- EIN
- 11-1824299
Organization Overview
Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl is located in Farmingdale, NY. The organization was established in 1958. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2024, Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl 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 06/2024, Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $796.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO STUDENTS, FACULTY AND STAFF
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER AUXILIARY
PROVIDE LAUNDROMAT SERVICES FOR RESIDENTIAL STUDENTS
PROVIDE FOOD SERVICES AND VENDING SERVICES FOR RESIDENT STUDENTS, COMMUTING STUDENTS, FACULTY & STAFF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keri Franklin Treasurer | OfficerTrustee | 1 | $0 |
Jeanne Soto Director | Trustee | 1 | $0 |
Jeff Gaab Secretary | OfficerTrustee | 1 | $0 |
Gerry Watnick Former Executive Dir. | Officer | 37.5 | $121,044 |
Orlo Lopiccolo Director | Trustee | 1 | $0 |
Geraldo Vasquez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,000 |
| Total Program Service Revenue | $1,208,792 |
| Investment income | $309,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,628,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,044 |
| Compensation of current officers, directors, key employees. | $121,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,920 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,252 |
| Fees for services: Accounting | $16,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $702 |
| Insurance | $37,930 |
| All other expenses | $26,969 |
| Total functional expenses | $796,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,695,973 |
| Savings and temporary cash investments | $304,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,744 |
| Net Land, buildings, and equipment | $568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,637,111 |
| Total assets | $12,781,661 |
| Accounts payable and accrued expenses | $34,033 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,477,451 |
| Total liabilities | $2,551,484 |
| Net assets without donor restrictions | $10,230,177 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,781,661 |