Student Association Of The State University Of N Y At Fredonia
- Assets
- $1.7m
- Revenue
- $937.1k
- Investments
- $0.0
- Employees
- 40
- Location
- Fredonia, NY
- Founding
- 02/1996
- Data as of
- 06/2024
- EIN
- 16-1349919
Organization Overview
Student Association Of The State University Of N Y At Fredonia is located in Fredonia, NY. The organization was established in 1996. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2024, Student Association Of The State University Of N Y At Fredonia employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Association Of The State University Of N Y At Fredonia 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, Student Association Of The State University Of N Y At Fredonia generated $937.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $979.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. 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
TO MAINTAIN A STUDENT GOVERNMENT OF SUNY FREDONIA AND TO PROMOTE THE GENERAL WELFARE OF THE COLLEGE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A VARIETY OF SERVICES AND PROGRAM ACTIVITIES TO THE UNIVERSITY'S STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemarie Rapisarda President (non-Voting) | OfficerTrustee | 1 | $3,875 |
Stephen Wright Vice President (non-Voting | OfficerTrustee | 1 | $2,000 |
Brian Lyght Comptroller (non-Voting) | OfficerTrustee | 1 | $2,000 |
Sangai T Keita Speaker | OfficerTrustee | 1 | $0 |
Cassondra Doubek Speaker | Trustee | 1 | $1,875 |
Megan Soto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,188 |
| 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 | $80,188 |
| Total Program Service Revenue | $783,076 |
| Investment income | $62,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $937,143 |
| 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. | $111,463 |
| Compensation of current officers, directors, key employees. | $19,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,653 |
| Pension plan accruals and contributions | $24,910 |
| Other employee benefits | $25,431 |
| Payroll taxes | $16,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,200 |
| 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 | $32,537 |
| Advertising and promotion | $7,325 |
| Office expenses | $13,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,631 |
| Insurance | $35,738 |
| All other expenses | $97,027 |
| Total functional expenses | $979,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,080 |
| Savings and temporary cash investments | $245,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,502 |
| 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 | $0 |
| Net Land, buildings, and equipment | $58,915 |
| Investments—publicly traded securities | $834,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,679,837 |
| Accounts payable and accrued expenses | $106,616 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $102,612 |
| 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 | $0 |
| Total liabilities | $209,228 |
| Net assets without donor restrictions | $1,470,609 |
| 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 | $1,679,837 |