Faculty-Student Assoc Of State University Of Ny At Stony Brook
- Assets
- $56.9m
- Revenue
- $35.5m
- Investments
- $27.8m
- Employees
- 424
- Location
- Stony Brook, NY
- Founding
- 10/1972
- Data as of
- 06/2023
- EIN
- 11-1986378
Organization Overview
Faculty-Student Assoc Of State University Of Ny At Stony Brook is located in Stony Brook, NY. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Faculty-Student Assoc Of State University Of NY At Stony Brook employed 424 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty-Student Assoc Of State University Of NY At Stony Brook 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 06/2023, Faculty-Student Assoc Of State University Of NY At Stony Brook generated $35.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $36.5m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE ITS VISION, FSA COMMITS ITSELF TO:MAINTAINING AND ENHANCING THE QUALITY, DIVERSITY, COST, AND VALUE OF FOOD IN THE CAMPUS DINING PROGRAMS; MAINTAINING AND, WHERE POSSIBLE, IMPROVING FISCALLY PRUDENT AND AFFORDABLE FOOD PLANS FOR STUDENTS; ENSURING THE AVAILABILITY OF DESIRED AND APPROPRIATE MERCHANDISE, PRODUCTS, AND SERVICES FOR THE CAMPUS COMMUNITY; FOSTERING AND SUPPORTING A COMMUNITY IDENTITY THAT CONNECTS ALL OF THE CAMPUS AND COMMUNITY CONSTITUENCIES TO STONY BROOK UNIVERSITY'S MISSION BY SUPPORTING ACADEMIC, ATHLETIC, CULTURAL, HEALTHCARE, RESEARCH, AND COMMUNITY-BASED CAMPUS EVENTS; MAINTAINING CONTACT WITH PEER AND ASPIRATIONAL INSTITUTIONS TO KEEP CURRENT ON EMERGING TRENDS RELATIVE TO FSA'S FUNCTIONS ON THE CAMPUS; SUPPORTING THE CAMPUS' CORE MISSION OF ACADEMICS, RESEARCH, SCHOLARSHIP AND INTELLECTUAL CREATIVITY, INCLUSIVITY, AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FSA OPERATES THE UNIVERSITY HOSPITAL FOOD AND NUTRITIONAL SERVICES WHICH PROVIDES MEALS TO THE PATIENTS, STAFF AND VISITORS OF THE STONY BROOK UNIVERSITY MEDICAL CENTER.
SUBCONTRACTED OPERATIONS INCLUDE ARRANGEMENTS WITH EXTERNAL VENDORS TO OPERATE A MEAL SERVICE PLAN FOR STUDENTS, BOOKSTORES, AND REFRESHMENTS.
UNIVERSITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Gatteau President | OfficerTrustee | 5 | $0 |
Jed Shivers Treasurer | OfficerTrustee | 5 | $0 |
Kathleen Monahan Voting Member | Trustee | 0.5 | $0 |
Lawrence Zacarese Voting Member | Trustee | 0.5 | $0 |
Catherine-Mary Rivera Voting Member | Trustee | 0.5 | $0 |
Andrew Flescher Voting Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Inc Food Service | 6/29/23 | $35,830,738 |
Kellermeyer Bergensons Services Llc Maintenance | 6/29/23 | $422,430 |
Lessing's Food Service Management Corp Food Service | 6/29/23 | $512,503 |
Coachman Luxury Transport Transporation | 6/29/23 | $283,181 |
Pro-tek Services Of Ny Llc Refrigeration Maintenance | 6/29/23 | $302,288 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,926,721 |
| Investment income | $311,789 |
| 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 | $20,844,702 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,496,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $435,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,445,490 |
| Pension plan accruals and contributions | $448,000 |
| Other employee benefits | $5,726,897 |
| Payroll taxes | $433,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,106 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,261 |
| Advertising and promotion | $16,908 |
| Office expenses | $0 |
| Information technology | $221,996 |
| Royalties | $0 |
| Occupancy | $2,581,828 |
| Travel | $20,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,294,969 |
| Insurance | $413,982 |
| All other expenses | $1,890,894 |
| Total functional expenses | $36,476,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,993,753 |
| Savings and temporary cash investments | $1,448,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,765,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,157 |
| Prepaid expenses and deferred charges | $312,161 |
| Net Land, buildings, and equipment | $17,391,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,790,389 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,851,293 |
| Accounts payable and accrued expenses | $5,595,233 |
| Grants payable | $0 |
| Deferred revenue | $9,349,385 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $297,688 |
| 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 | $849,035 |
| Total liabilities | $16,091,341 |
| Net assets without donor restrictions | $40,759,952 |
| 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 | $56,851,293 |
Grants Awarded
Over the last fiscal year, Faculty-Student Assoc Of State University Of Ny At Stony Brook has awarded $876,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STONY BROOK UNIVERSITY PURPOSE: SCHOLARSHIPS & FELLOWSHIPS | $500,000 |
STONY BROOK UNIVERSITY PURPOSE: UNIVERSITY ATHLETICS | $376,000 |