Faculty-Student Association Of Adirondack Community College Inc
- Assets
- $26.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Queensbury, NY
- Founding
- 02/1968
- Data as of
- 05/2023
- EIN
- 14-6038858
Organization Overview
Faculty-Student Association Of Adirondack Community College Inc is located in Queensbury, NY. The organization was established in 1968. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 05/2023, Faculty-Student Association Of Adirondack Community College Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty-Student Association Of Adirondack Community College 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 05/2023, Faculty-Student Association Of Adirondack Community College Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $4.7m during the year ending 05/2023. While expenses have increased by 10.0% 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 SUPPORT AND MEET THE VARYING EDUCATIONAL, SOCIAL AND CULTURAL NEEDS OF THE COLLEGE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION, OVERSIGHT AND OTHER ACTIVITIES TO SUPPORT CAMPUS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Marie Scheidegger President | OfficerTrustee | 5 | $0 |
John Delate Vice President | OfficerTrustee | 5 | $0 |
Bryan Goodwin Vice President | OfficerTrustee | 5 | $0 |
Kate O'sick Secretary | OfficerTrustee | 5 | $0 |
Matthew Muller Treasurer | OfficerTrustee | 5 | $0 |
Elisabeth Braxton Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,603,544 |
| Investment income | $48,033 |
| 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 | $4,811,006 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,533 |
| Pension plan accruals and contributions | $58,447 |
| Other employee benefits | $86,284 |
| Payroll taxes | $38,208 |
| 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 | $33,594 |
| Advertising and promotion | $0 |
| Office expenses | $4,389 |
| Information technology | $14,636 |
| Royalties | $0 |
| Occupancy | $347,446 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,726 |
| Interest | $1,029,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,826 |
| Insurance | $56,498 |
| All other expenses | $41,716 |
| Total functional expenses | $4,658,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,821,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,066 |
| 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 | $10,648 |
| Net Land, buildings, and equipment | $17,562,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,580,183 |
| Total assets | $26,298,924 |
| Accounts payable and accrued expenses | $241,711 |
| Grants payable | $0 |
| Deferred revenue | $137,500 |
| Tax-exempt bond liabilities | $21,240,000 |
| 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 | $401,488 |
| Total liabilities | $22,020,699 |
| Net assets without donor restrictions | $4,278,225 |
| 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 | $26,298,924 |