Faculty Student Association Of Hudson Valley-Community College
- Assets
- $21.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Troy, NY
- Founding
- 12/1972
- Data as of
- 05/2022
- EIN
- 14-1401923
Organization Overview
Faculty Student Association Of Hudson Valley-Community College is located in Troy, NY. The organization was established in 1972. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Faculty Student Association Of Hudson Valley-Community College employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty Student Association Of Hudson Valley-Community College 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 05/2022, Faculty Student Association Of Hudson Valley-Community College generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.4m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL PURPOSE OF THE ASSOCIATION IS TO ESTABLISH, OPERATE, MANAGE, PROMOTE AND CULTIVATE EDUCATIONAL ACTIVITIES AND RELATIONSHIPS INCIDENTAL THERETO BY, BETWEEN AND AMONG THE STUDENTS AND FACULTY OF HUDSON VALLEY COMMUNITY COLLEGE, AND TO AID THE STUDENTS, FACULTY AND THE ADMINISTRATION OF THE COLLEGE IN THE FURTHERANCE OF THEIR EDUCATION, STUDIES AND WORK IN COLLABORATION AND COORDINATION WITH THE EDUCATIONAL GOALS OF THE COLLEGE. THE ASSOCIATION OPERATES THE BOOKSTORE, CAFETERIA, INTERCOLLEGIATE ATHLETIC ACTIVITY FUNDS, THE STUDENT ACTIVITIES, AND THE DAYCARE CENTER.
Describe the Organization's Program Activity:
ATHLETIC FUND EXPENSE: TO PROVIDE INTERCOLLEGIATE, INTRAMURAL, AND RECREATIONAL ACTIVITIES AND TO PROVIDE PHYSICAL FITNESS PROGRAMS TO STUDENTS.
DAY CARE: PROVIDE DAY CARE SERVICES WHICH ENABLE THE FACULTY AND STUDENTS TO MEET THEIR REQUIREMENTS.
STUDENT SENATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alycia M Courter Executive Director | Officer | 37.5 | $78,161 |
Colleen Ferris Treasurer | OfficerTrustee | 1.2 | $0 |
Eric Bryant Secretary | OfficerTrustee | 1.2 | $0 |
Annette Crawford-Harris Vice-President & Faculty Rep | OfficerTrustee | 0.7 | $0 |
Louis Coplin President | OfficerTrustee | 1.8 | $0 |
Jason Degnan Ntp Representative | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $817,277 |
| 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 | $817,277 |
| Total Program Service Revenue | $3,070,368 |
| Investment income | $83,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $779,893 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,749,556 |
| 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. | $99,964 |
| Compensation of current officers, directors, key employees. | $99,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,260,689 |
| Pension plan accruals and contributions | $85,073 |
| Other employee benefits | $289,283 |
| Payroll taxes | $83,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,997 |
| Advertising and promotion | $5,674 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $621,791 |
| Insurance | $88,381 |
| All other expenses | $562,741 |
| Total functional expenses | $4,384,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,690 |
| Savings and temporary cash investments | $12,348,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $962,038 |
| Inventories for sale or use | $450,986 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,190,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,516,761 |
| Accounts payable and accrued expenses | $1,299,085 |
| Grants payable | $0 |
| Deferred revenue | $1,296,322 |
| 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 | $4,963,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $944,337 |
| Total liabilities | $8,503,573 |
| Net assets without donor restrictions | $13,013,188 |
| 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 | $21,516,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |
Dutchess Community College Association Inc Poughkeepsie, NY | $29,032,305 | $3,364,848 |
Norwalk Community College Foundation Norwalk, CT | $32,505,867 | $5,211,834 |
Faculty Student Association Of Nassau Community College Inc Garden City, NY | $3,142,669 | $4,037,426 |
Faculty Student Association Of The Tompkins Cortland Community Colleg Dryden, NY | $1,383,338 | $2,861,697 |
Faculty Student Association Of Jefferson Community College Inc Watertown, NY | $19,958,868 | $2,449,914 |