Plattsburgh College Foundation Inc
- Assets
- $41.2m
- Revenue
- $3.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Plattsburgh, NY
- Founding
- 08/1965
- Data as of
- 06/2024
- EIN
- 14-1484644
Organization Overview
Plattsburgh College Foundation Inc is located in Plattsburgh, NY. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Plattsburgh College Foundation Inc 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, Plattsburgh College Foundation Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.5m during the year ending 06/2024. While expenses have increased by 10.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PLATTSBURGH COLLEGE FOUNDATION, INC. WAS ESTABLISHED IN 1963 TO RECEIVE AND MANAGE SUBSTANTIALLY ALL PRIVATE GIFTS TO THE STATE UNIVERSITY OF NEW YORK COLLEGE AT PLATTSBURGH. A SIGNIFICANT AMOUNT OF FUNDS RAISED FROM PRIVATE CONTRIBUTIONS AND GENERATED FROM ENDOWMENT INVESTMENTS IS DESIGNATED FOR FINANCIAL ASSISTANCE FOR THE COLLEGE'S STUDENTS. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC AND STUDENT LIFE ENRICHMENT PROGRAMS AND OTHER INSTITUTIONAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLATTSBURGH COLLEGE FOUNDATION (THE FOUNDATION) FUNDS SCHOLARSHIPS AND GRANTS TO STUDENTS ENROLLED AT SUNY PLATTSBURGH (THE UNIVERSITY). THESE SCHOLARSHIPS AND GRANTS ARE SELECTED BY UNIVERSITYOFFICES AND DEPARTMENTS, REPORTED TO THE UNIVERSITY'S FINANCIAL AID OFFICE AND PAID TO EACH RECIPIENT STUDENT'S ACCOUNT THROUGH THE UNIVERSITY'S STUDENT ACCOUNTS OFFICE. THE SCHOLARSHIPS AND GRANTS ARE FUNDED THROUGH GIFTS TO THE FOUNDATION, INCLUDING THOSE BOTH WITH AND WITHOUT DONOR RESTRICTIONS, AS WELL AS THROUGH INVESTMENT INCOME GENERATED FROM ENDOWMENTS WHICH ARE DESIGNATED FOR SCHOLARSHIP SUPPORT.
THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY. THE SUPPORT INCLUDES THE PURCHASE OF ACADEMIC EQUIPMENT, SUPPORT FOR SALARIES PAID BY THE UNIVERSITY, TRAVEL TO CONFERENCES AND OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES AND VARIOUS OTHER ACTIVITIES THAT ENHANCE THE VIBRANCY OF THE ACADEMIC PROGRAMS OFFERED BY THE UNIVERSITY.
THE FOUNDATION PROVIDES SUPPORT FOR STUDENT FOCUSED DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY INCLUDING ATHLETICS, STUDENT LEADERSHIP OPPORTUNITIES AND THE LIKE. THE SUPPORT COMES IN THE FORM OF FUNDS FOR EQUIPMENT, TRAVEL, MARKETING MATERIALS, EVENTS AND ASSISTANCE TO STUDENTS IN CRISIS, AND OTHER ACTIVITIES WHICH ENRICH THE OVERALL STUDENT EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall G Giltz Director | Trustee | 0 | $0 |
John Conners First Vice President | OfficerTrustee | 0 | $0 |
Thomas Hermes Second Vice President | OfficerTrustee | 0 | $0 |
Kathy Magaw Treasurer | OfficerTrustee | 0 | $0 |
Henry Casazza President | OfficerTrustee | 0 | $0 |
Jody L Carpenter Director | Trustee | 0 | $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 | $2,344,554 |
| Noncash contributions included in lines 1a–1f | $80,114 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,344,554 |
| Total Program Service Revenue | $0 |
| Investment income | $857,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,324 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,441,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,873,582 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $186,591 |
| Advertising and promotion | $30,018 |
| Office expenses | $84,284 |
| Information technology | $47,281 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113,764 |
| 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 | $25,000 |
| Insurance | $5,607 |
| All other expenses | $0 |
| Total functional expenses | $5,503,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,565,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,117,717 |
| Accounts receivable, net | $143,872 |
| 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 | $12,099 |
| Net Land, buildings, and equipment | $34,482 |
| Investments—publicly traded securities | $32,707,157 |
| Investments—other securities | $1,134,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,447,961 |
| Total assets | $41,163,520 |
| Accounts payable and accrued expenses | $1,151,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $285,315 |
| Total liabilities | $1,437,314 |
| Net assets without donor restrictions | $1,317,972 |
| Net assets with donor restrictions | $38,408,234 |
| 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 | $41,163,520 |