Suny New Paltz Foundation Inc is located in New Paltz, NY. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Suny New Paltz 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 06/2023, Suny New Paltz Foundation Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 7.8% 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
THE MISSION OF THE SUNY NEW PALTZ FOUNDATION IS TO SEEK, SECURE AND MANAGE GIFTS AND GRANTS TO FUND SCHOLARSHIPS AND PROGRAMS THAT ENRICH AND SUPPORT THE ACADEMIC, CULTURAL AND COMMUNITY LIFE OF SUNY NEW PALTZ, AND TO BUILD A LASTING ENDOWMENT FOR THE UNIVERSITY'S FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE ONE OF THE MOST DIRECT WAYS A DONOR CAN IMPACT THE LIVES OF NEW PALTZ STUDENTS AND INCLUDE STUDENT FINANCIAL AID FOR TUITION AS WELL AS APPLIED LEARNING OPPORTUNITIES SUCH AS STUDY ABROAD, RESEARCH, INTERNSHIPS AND HONORS THAT ADD A MARGIN OF EXCELLENCE TO THE NEW PALTZ STUDENT EXPERIENCE.IN ACADEMIC YEAR 2022-2023, 457 STUDENTS RECEIVED SCHOLARSHIPS/AWARDS FROM THE FOUNDATION AND FIVE NEW ANNUAL AND ENDOWED SCHOLARSHIPS WERE ESTABLISHED TO SUPPORT THE UNIVERSITY'S RECRUITMENT AND RETENTION EFFORTS AND EXPERIENTIAL LEARNING OPPORTUNITIES.FOR ACADEMIC YEARS 2022-2023 AND 2023-2024, STUDENTS PARTICIPATED IN THE ARCHAEOLOGY FIELD SCHOOL AT THE PINE STREET BURIAL GROUNDS IN KINGSTON, NY. TEN STUDENTS WERE OFFERED SCHOLARSHIP FUNDS GRANTED THROUGH A DONATION BY THE NOVO FOUNDATION. WITH SUPPORT RANGING FROM $4,000 - $7,000, STUDENTS WERE ISSUED A STIPEND THAT WOULD ENABLE THEM TO TAKE PART IN A NINE-CREDIT COURSE AND ASSIST WITH TUITION, HOUSING, AND COMMUTER EXPENSES WHILE TAKING PART IN THE DIG.INCLUDED IN THESE 457 STUDENTS WERE 34 WHO RECEIVED FUNDS FROM THE STUDENT CRISIS GRANT FUND, WHICH SERVES TO ASSIST STUDENTS FACING UNPREDICTABLE FINANCIAL HARDSHIP WHICH WOULD OTHERWISE INTERFERE WITH THEIR EDUCATION. THE FUNDS AWARDED RANGED FROM $500 TO $1,000. A NEW MINI GRANT PROGRAM WAS IMPLEMENTED DURING ACADEMIC YEAR 2022-2023. FORTY-SIX STUDENTS RECEIVED MINI AWARDS RANGING FROM $50-$400 TO BE USED FOR RESEARCH. THIS INCLUDES TRANSPORTATION TO RESEARCH SITES, MATERIALS, ENTRANCE FEES, ETC. FOR RESEARCH PROJECTS.
SCHOOL OF LIBERAL ARTS & SCIENCES THE DEPARTMENT OF DIGITAL MEDIA & JOURNALISM AT SUNY NEW PALTZ WELCOMED SARAH CARR TO THE CAMPUS COMMUNITY AS THE FALL 2022 JAMES H. OTTAWAY SR. VISITING PROFESSOR OF JOURNALISM. CARR IS AN INDEPENDENT JOURNALIST WHO HAS COVERED EDUCATION FOR TWO DECADES, FOR PUBLICATIONS INCLUDING THE WASHINGTON POST, THE HECHINGER REPORT, THE NEW YORK TIMES, AND THE BOSTON GLOBE MAGAZINE, AMONG OTHERS.AS THE OTTAWAY VISITING PROFESSOR, SHE TAUGHT "THE KIDS' STORY," AN UNDERGRADUATE JOURNALISM SEMINAR THAT SCRUTINIZED AMERICAN INEQUALITY-IN THE EDUCATION, HEALTH CARE AND IMMIGRATION SYSTEMS-THROUGH THE LENS OF CHILDREN AND TEENAGERS. STUDENTS LEARNED HOW TO INCORPORATE THE EXPERIENCES OF YOUNG PEOPLE, PARTICULARLY THOSE FROM HISTORICALLY MARGINALIZED GROUPS, IN THEIR REPORTING. CARR DELIVERED A PUBLIC SPEECH ON WHY IT TOOK SO LONG TO REOPEN SCHOOLS DURING COVID-19 AND WHAT IT MEANS FOR THE FUTURE OF EDUCATION.THE POLITICAL SCIENCE DEPARTMENT FACILITATED A TRIP FOR 20 STUDENTS TO WASHINGTON DC. THIS THREE-DAY TRIP ENABLED STUDENTS TO SEE CAPITOL HILL, MEET WITH SUNY NEW PALTZ ALUMNI AND GOVERNMENT OFFICIALS, AS WELL AS TO ATTEND AN ALUMNI GATHERING, ALLOWING FOR INVALUABLE NETWORKING OPPORTUNITIES.SCHOOL OF BUSINESSTHE SCHOOL OF BUSINESS' HUDSON VALLEY VENTURE HUB CONNECTS THE ENTREPRENEURIAL ECOSYSTEM, ENABLING COLLABORATION AMONG ENTREPRENEURS, INVESTORS, AND SERVICE PROVIDERS. IT OFFERS ENTREPRENEURSHIP PROGRAMMING, A MONTHLY NEWSLETTER, AND HUDSON VALLEY MENTORS, A FREE MENTORSHIP PROGRAM FOR GROWTH-ORIENTED ENTREPRENEURS. ENTREPRENEURS ARE MATCHED WITH VOLUNTEER MENTORS TO HELP WITH STAFFING ISSUES, BUDGETING, STRATEGIC PARTNERING, OBTAINING FUNDING, NEW PRODUCT/SERVICE EXTENSION, EXPANDING TO NEW LOCATIONS, TARGETING NEW MARKET SEGMENTS, INCREASING SALES CAPACITY OR EFFECTIVENESS, AND IMPROVING OPERATIONAL SYSTEMS AND EFFICIENCY. THE HUB HOSTS A QUARTERLY VENTURE FEST, AN INFORMATION SHARING COLLABORATIVE MODEL THAT ENABLES ECOSYSTEM MEMBERS TO LEARN AND FIND ASSISTANCE FOR PROJECTS AND INITIATIVES. THESE EVENTS FOCUS ON VARIOUS GROUPS INCLUDING ENTREPRENEURSHIP EDUCATORS, SPECIFIC INDUSTRY MEMBERS, INVESTORS, SERVICE PROVIDERS AND STUDENTS. THE HUB IS ADDRESSING TWO SPECIFIC NEEDS. FIRST, ENTREPRENEURS NEED CONNECTIONS TO EACH OTHER, TO INFORMATION AND TO SERVICE PROVIDERS. THEY SHARE INFORMATION ABOUT ENTREPRENEURS AND ORGANIZATIONS SERVING THEM IN OUR REGION, PROVIDING A PLATFORM FOR LINKING SERVICES, SHARING BEST PRACTICES, AND COLLABORATING. SECOND, ENTREPRENEURS NEED MENTORS AND JUST-IN-TIME EDUCATIONAL SERVICES. HUDSON VALLEY MENTORS LINKS GROWTH-ORIENTED ENTREPRENEURS WITH EXPERIENCED, KNOWLEDGEABLE, FREE MENTORING. THIS PROGRAM IS HIGHLY FOCUSED, MATCHING ENTREPRENEURS WITH EXPERTS TO HELP THEM SOLVE THEIR IMMEDIATE PROBLEMS IN A SHORT-TERM ENGAGEMENT OF NO MORE THAN 8 HOURS OF SERVICE. THE SCHOOL OF BUSINESS WAS ABLE TO PROVIDE GROUP TRAVEL SUPPORT FOR STUDENTS TO ATTEND CONFERENCES. DURING THE PAST YEAR STUDENTS TRAVELED TO CHICAGO FOR A STUDENT MANAGED INVESTMENT FUND CONFERENCE AND TO FLORIDA FOR THE NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS CONFERENCE.ATHLETICS, WELLNESS & RECREATIONTHE ATHLETICS, WELLNESS & RECREATION DEPARTMENT PUT FORTH IMMENSE FUNDRAISING EFFORTS FOR TWO YEARS, THE RESULTS OF WHICH WERE EXTRAORDINARY. THEIR FUNDRAISING EFFORTS ALSO INCLUDED THE SECOND ANNUAL FIRST PITCH RECEPTION AND "PEER-TO-PEER" FUNDRAISING WHICH ALLOWS DONORS TO SHARE THE SOLICITATION WITH FRIENDS AND FAMILY TO INCREASING DONATIONS. THE FUNDS WERE USED TO ENHANCE STUDENT-ATHLETES' EXPERIENCE THROUGH TEAM TRAVEL, TEAM UNIFORMS, A POOL PA SPEAKER SYSTEM, PRACTICE EQUIPMENT, MENTAL PERFORMANCE TRAINING, TEAM BUILDING ACTIVITIES, AND THE SOCCER TEAM'S TRAVEL TO COSTA RICA. THIS ENABLED THE DEPARTMENT TO CONTINUE ITS MISSION OF SPONSORING A BROAD-BASED ATHLETIC, WELLNESS AND RECREATION PROGRAM THAT PROVIDES TRANSFORMATIONAL, EDUCATIONAL, AND ATHLETIC OPPORTUNITIES FOR STUDENTS TO GROW, TO DEVELOP AND TO SUPPORT THE MISSION OF THE UNIVERSITY BY COMPLEMENTING AND ENHANCING ITS DIVERSITY AND QUALITY OF LIFE.
THE SAMUEL DORSKY MUSEUM OF ART IN 2022-2023, OFFERED SIX WELL-RECEIVED AND WELL-ATTENDED MAJOR EXHIBITIONS OF CONTEMPORARY AND HISTORICAL WORK THAT RECEIVED MEDIA PLACEMENTS IN A NUMBER OF LOCAL AND NATIONAL OUTLETS INCLUDING CHRONOGRAM, ART FORUM, AND HUDSON VALLEY ONE, AMONG OTHERS. HIGHLIGHTS OF THE EXHIBITION PROGRAM INCLUDED BENJAMIN WIGFALL & COMMUNICATIONS VILLAGE, FOR CONTEXT: PRINTS FROM THE DORSKY COLLECTION, HUDSON VALLEY ARTISTS 2023: HOMESPUN, THE HISTORIC WOODSTOCK ART COLONY: THE ARTHUR A ANDERSON COLLECTION, AND BE WHO YOU ARE: PORTRAITS OF WOODSTOCK ARTISTS BY HARRIET TANNIN.ANNUAL ATTENDANCE AT THE MUSEUM THIS YEAR WAS APPROXIMATELY 13,132, WHICH MORE THAN DOUBLED THE PRIOR YEAR'S ATTENDANCE. WE HOSTED MANY VIRTUAL AND IN-PERSON EDUCATIONAL PROGRAMS AND EVENTS, WHICH INCLUDED ARTISTS' TALKS, SYMPOSIUMS, WORKSHOPS FOR CHILDREN, AND CURATOR GALLERY TOURS. BELOW ARE JUST A FEW HIGHLIGHTS:-THEATER PROFESSOR CATHERINE DOHERTY'S ACTING 2 CLASSES DREW INSPIRATION FROM THE EXHIBITION HUDSON VALLEY ARTISTS 2023: HOMESPUN FOR THEIR MONOLOGUES BASED ON THE "EVERYMAN", A LATE 15TH-CENTURY MORALITY PLAY. STUDENTS PERFORMED THESE MONOLOGUES IN FRONT OF THE ARTWORKS, LEADING TO THOUGHT-PROVOKING DISCUSSIONS.-STUDENTS FROM FALLSBURG JUNIOR-SENIOR HIGH SCHOOL HAD AN IMMERSIVE DAY-LONG EXPERIENCE AT SUNY NEW PALTZ ORGANIZED BY THE MUSEUM THANKS TO THE LATTIN MINTZ EDUCATION AND OUTREACH FUND. THEY EXPLORED THE CAMPUS, VISITED ART-MAKING CLASSROOMS AND STUDIOS, ENGAGED IN GROUP ACTIVITIES ABOUT THE ART ON DISPLAY, SHARED A PIZZA LUNCH, AND EVEN ENJOYED A FELTING WORKSHOP LED BY ARTIST MARIA ELENA FERRER-HARRINGTON.-THE HUDSON VALLEY PERFORMING ARTS LABORATORY DEVISED A REMARKABLE PERFORMANCE INCORPORATING DANCE, MUSIC, THEATER, AND PERFORMANCE ART, INSPIRED BY OUR EXHIBITIONS. OVER 100 PEOPLE ATTENDED, EXPERIENCING THE EXHIBITS THROUGH THE EYES OF THE PERFORMING ARTISTS.-THE MUSEUM ASSOCIATION OF NEW YORK HONORED US WITH AN AWARD FOR OUTSTANDING COMMUNITY ENGAGEMENT, AND FOR THE SECOND CONSECUTIVE YEAR, CHRONOGRAM READERS HAVE VOTED US AS THE BEST MUSEUM IN THE HUDSON VALLEY. AUDIENCES FROM ACROSS THE HUDSON VALLEY ENGAGED WITH THE MUSEUM AS WELL, FROM K-12 SCHOOL VISITS AND ARTIST WORKSHOPS, TO LIFETIME LEARNING INSTITUTE CLASSES.
THE HUDSON VALLEY ADDITIVE MANUFACTURING CENTER (HVAMC) PROVIDES EXPERT ADVICE ON 3D PRINTING PROCESS AND MATERIALS AND DESIGNING FOR ADDITIVE MANUFACTURING TO THE SUNY NEW PALTZ AND THE HUDSON VALLEY BUSINESS COMMUNITY. OUR COLLECTION OF 3D PRINTERS CONSTITUTE SOME OF THE MOST ADVANCED TECHNOLOGY AT ANY ACADEMIC LAB IN THE COUNTRY AND ARE AVAILABLE FOR THE CAMPUS AND WIDER COMMUNITY TO PRINT ON. TO ENSURE THE HVAMC CONTINUES TO PROVIDE THE BEST ACADEMIC LAB AND SERVICE TO THE COMMUNITY, TWO NEW 3D PRINTERS WERE ACQUIRED BY THE FOUNDATION THANKS TO DONOR FUNDING AND EARNINGS FROM AN ENDOWMENT.THE FOUNDATION PROVIDED SUPPORT FOR THE SCHOOL OF SCIENCE & ENGINEERING, FOR SEVERAL BROWN BAG SEMINARS WHICH PROVIDE AN OPPORTUNITY FOR STUDENTS AND FACULTY TO SHARE RESEARCH INTERESTS, PROGRESS, AND RESULTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darrell Wheeler Director / Suny New Paltz President | OfficerTrustee | 2 | $0 |
Donald Christian Retired Director / Suny New Paltz President | OfficerTrustee | 1 | $0 |
Erica Marks Executive Director / VP Of Development | OfficerTrustee | 30 | $0 |
Tamah Wiegand Chair | OfficerTrustee | 3 | $0 |
Col Joseph Davidson '90 First Chair | OfficerTrustee | 2 | $0 |
Jeffery Korn ESQ '79 Second Chair | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $201,813 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,057,191 |
Noncash contributions included in lines 1a–1f | $385,582 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,259,004 |
Total Program Service Revenue | $0 |
Investment income | $743,708 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $29,658 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$82,700 |
Net Income from Fundraising Events | -$51,701 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,897,969 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $154,801 |
Grants and other assistance to domestic individuals. | $1,065,938 |
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 | $99,267 |
Fees for services: Other | $282,066 |
Advertising and promotion | $23,755 |
Office expenses | $51,878 |
Information technology | $144,364 |
Royalties | $0 |
Occupancy | $5,006 |
Travel | $131,801 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,334 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $184,138 |
Insurance | $13,209 |
All other expenses | $190,969 |
Total functional expenses | $2,775,350 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $858,585 |
Savings and temporary cash investments | $2,555,080 |
Pledges and grants receivable | $589,222 |
Accounts receivable, net | $58,486 |
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 | $130,614 |
Net Land, buildings, and equipment | $2,886,193 |
Investments—publicly traded securities | $35,091,336 |
Investments—other securities | $68,790 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,877,880 |
Total assets | $51,116,186 |
Accounts payable and accrued expenses | $1,250,394 |
Grants payable | $0 |
Deferred revenue | $2,325 |
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 | $36,912 |
Total liabilities | $1,289,631 |
Net assets without donor restrictions | $14,089,699 |
Net assets with donor restrictions | $35,736,856 |
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 | $51,116,186 |