Fredonia College Foundation Of State University Of New York Inc
- Assets
- $56.4m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Fredonia, NY
- Founding
- 08/1965
- Data as of
- 12/2021
- EIN
- 16-6054528
Organization Overview
Fredonia College Foundation Of State University Of New York Inc, operating under the name Fredonia College Foundation, is located in Fredonia, 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. As of 12/2021, Fredonia College Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredonia College Foundation 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 12/2021, Fredonia College Foundation generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO ENCOURAGE AND ACCEPT GIFTS AND ENDOWMENTS IN SUPPORT OF THE PRIORITY NEEDS OF THE STATE UNIVERSITY OF NEW YORK AT FREDONIA, ITS FACULTY AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS - STATE UNIVERSITY OF NEW YORK AT FREDONIA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Falcone Chair | OfficerTrustee | 1 | $0 |
Jeffrey L Fancher Vice-Chair | OfficerTrustee | 1 | $0 |
Louann Laurito-Bahgat CPA Treasurer | OfficerTrustee | 1 | $0 |
Rachel Martinez-Finn Secretary | OfficerTrustee | 1 | $0 |
Michael A Marletta PHD Immediate Pa | OfficerTrustee | 1 | $0 |
William Cunningham Controller | Officer | 37.5 | $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 | $2,107,677 |
| Noncash contributions included in lines 1a–1f | $80,207 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,107,677 |
| Total Program Service Revenue | $0 |
| Investment income | $1,012,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,479,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,599,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,785,069 |
| 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 | $161,373 |
| Pension plan accruals and contributions | $10,497 |
| Other employee benefits | $28,634 |
| Payroll taxes | $12,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,355 |
| Fees for services: Other | $25,624 |
| Advertising and promotion | $0 |
| Office expenses | $4,869 |
| Information technology | $7,548 |
| Royalties | $0 |
| Occupancy | $23,117 |
| Travel | $717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,633 |
| Insurance | $8,319 |
| All other expenses | $658 |
| Total functional expenses | $2,302,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,315 |
| Savings and temporary cash investments | $630,852 |
| Pledges and grants receivable | $707,831 |
| Accounts receivable, net | $147,479 |
| 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 | $13,240 |
| Net Land, buildings, and equipment | $276,599 |
| Investments—publicly traded securities | $54,448,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,808 |
| Total assets | $56,379,441 |
| Accounts payable and accrued expenses | $93,431 |
| 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 | $301,258 |
| Total liabilities | $394,689 |
| Net assets without donor restrictions | $3,324,105 |
| Net assets with donor restrictions | $52,660,647 |
| 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 | $56,379,441 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Fredonia College Foundation Of State University Of New York Inc has recieved totaling $133,114.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $103,001 |
Montana Community Foundation Inc Helena, MT PURPOSE: SCHAFFER FAMILY SCHOLARSHIP | $11,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: HILLMAN OPERA-IL MATRIMONIO SEGRETO | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,519 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $500 |
Endowment Analysis
| Beg. Balance | $44,908,345 |
| Earnings | $6,540,540 |
| Net Contributions | $1,195,640 |
| Other Expense | $1,537,495 |
| Grants | $12,162 |
| Ending Balance | $51,094,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |