Auxiliary Service Corporation Of Mohawk Valley Community College In
- Assets
- $3.4m
- Revenue
- $313.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Utica, NY
- Founding
- 08/1953
- Data as of
- 06/2022
- EIN
- 15-0551234
Organization Overview
Auxiliary Service Corporation Of Mohawk Valley Community College In is located in Utica, NY. The organization was established in 1953. 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 06/2022, Auxiliary Service Corporation Of Mohawk Valley Community College In employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Auxiliary Service Corporation Of Mohawk Valley Community College In 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, Auxiliary Service Corporation Of Mohawk Valley Community College In generated $313.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $580.4k 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
PROVIDES MANAGEMENT,DINING AND BOOKSTORE SERVICES FOR THE BENEFIT OF STUDENTS, ALUMNI, FACULTY AND STAFF OF MOHAWK VALLEY COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASC PROVIDES ACCOUNTING AND ADMINISTRATIVE SERVICES TO NON-PROFIT ENTITIES WITHIN THE COLLEGE. A BOOKSTORE AND DINING SERVICES ARE OPERATED THROUGH THE ENTITY. ACTS AS AN AGENT FOR THE STUDENT GOVERNMENT, AND CERTAIN CLUB ACTIVIES AT THE COLLEGE - THE NUMBER OF INDIVIDUALS BENEFITED IS NOT PRACTICAL TO DETERMINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Suriano Director | Officer | 34 | $70,769 |
Jennifer Gonzales Former Controller | Officer | 34 | $58,535 |
Mary Beth Murphy Controller | Officer | 34 | $8,653 |
Thomas Squires Chair | OfficerTrustee | 1 | $0 |
Arica Rudd Board Member | Trustee | 1 | $0 |
Langley Holmes Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Dining Food Service | 6/29/22 | $701,495 |
Barnes And Nobles College Bookstore Bookstore | 6/29/22 | $511,241 |
Wade Tours Inc Transportation | 6/29/22 | $113,000 |
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 | $186,249 |
| Investment income | $201 |
| 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 | $313,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,544 |
| 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. | $154,023 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,182 |
| Payroll taxes | $15,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,004 |
| Advertising and promotion | $0 |
| Office expenses | $3,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $358 |
| 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 | $18,453 |
| Insurance | $0 |
| All other expenses | $3,095 |
| Total functional expenses | $580,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,270 |
| Savings and temporary cash investments | $360,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,498 |
| 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 | $6,374 |
| Net Land, buildings, and equipment | $37,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,655,384 |
| Total assets | $3,438,830 |
| Accounts payable and accrued expenses | $124,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,965,692 |
| 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 | $316,669 |
| Total liabilities | $2,406,553 |
| Net assets without donor restrictions | $1,032,277 |
| 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 | $3,438,830 |
Grants Awarded
Over the last fiscal year, Auxiliary Service Corporation Of Mohawk Valley Community College In has awarded $230,133 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Utica, NY PURPOSE: FUNDING FOR VARIOUS INITIATIVES OF MOHAWK VALLEY COMMUNITY COLLEGE. | $215,733 |
Utica, NY PURPOSE: FUNDING FOR SCHOLARSHIPS PROVIDED TO STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE. | $14,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |