Faculty-Student Assoc Of State University Of Ny At Stony Brook
- Assets
- $55.0m
- Revenue
- $31.3m
- Investments
- $11.8m
- Employees
- 301
- Location
- Stony Brook, NY
- Founding
- 10/1972
- Data as of
- 06/2022
- 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 06/2022, Faculty-Student Assoc Of State University Of NY At Stony Brook employed 301 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 06/2022, Faculty-Student Assoc Of State University Of NY At Stony Brook generated $31.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $29.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GOODS AND SERVICES THAT CONTRIBUTE TO THE QUALITY OF CAMPUS LIFE IN A FLEXIBLE, EFFICIENT AND RESPONSIVE MANNER TO SUPPORT THE STONY BROOK UNIVERSITY CAMPUS.
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 |
|---|---|---|---|
Van Sullivan Executive Director (non-Vo | Officer | 40 | $196,408 |
Maryanne Reinhardt Chief Financial Officer | Officer | 40 | $191,144 |
Michael West Uh Dir. Of Food & Retail | Officer | 40 | $163,707 |
Shannon Cressy Food Service Director | 30 | $106,820 | |
Mary Ann Campisi Student Services Manager | 40 | $106,126 | |
Donna Klingel Dir Contracts Admin & Comp | 40 | $103,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Inc Food Service | 6/29/22 | $13,833,023 |
The Cbord Group Inc It Services | 6/29/22 | $301,770 |
Lessings Food Service Management Corp Food Service Mgmt | 6/29/22 | $339,940 |
Csc Service Works Inc Laundry Services | 6/29/22 | $275,807 |
Pro-tek Of Ny Llc Repair & Maintenance | 6/29/22 | $196,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,627,500 |
| 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 | $3,627,500 |
| Total Program Service Revenue | $11,493,784 |
| Investment income | $6,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,558,003 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,334,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,000 |
| 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. | $551,259 |
| Compensation of current officers, directors, key employees. | $51,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,090,134 |
| Pension plan accruals and contributions | $437,000 |
| Other employee benefits | $4,029,284 |
| Payroll taxes | $890,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,488 |
| 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 | $183,110 |
| Advertising and promotion | $15,738 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,470,348 |
| Travel | $8,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,362,649 |
| Insurance | $345,185 |
| All other expenses | $1,436,492 |
| Total functional expenses | $29,447,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,907,353 |
| Savings and temporary cash investments | $16,794,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,055,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,704 |
| Prepaid expenses and deferred charges | $221,534 |
| Net Land, buildings, and equipment | $18,095,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,755,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,956,974 |
| Accounts payable and accrued expenses | $4,730,733 |
| Grants payable | $0 |
| Deferred revenue | $8,130,202 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $328,188 |
| 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 | $858,946 |
| Total liabilities | $14,048,069 |
| Net assets without donor restrictions | $40,908,905 |
| 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 | $54,956,974 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faculty-Student Assoc Of State University Of Ny At Stony Brook has recieved totaling $19,378.
| Awarding Organization | Amount |
|---|---|
Stony Brook Foundation Inc Stony Brook, NY PURPOSE: EDUCATIONAL SUPPORT | $19,378 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U B Foundation Activities Inc Buffalo, NY | $144,841,745 | $102,321,519 |
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |