State University Of New York Polytechnic Institute Foundation I

Organization Overview

State University Of New York Polytechnic Institute Foundation I is located in Utica, NY. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. State University Of New York Polytechnic Institute Foundation I 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 06/2021, State University Of New York Polytechnic Institute Foundation I generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $630.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE FOUNDATION OPERATES PRIMARILY TO ENCOURAGE AND RECEIVE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK POLYTECHNIC INSTITUTE (SUNY POLY).

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AWARDED TO SUPPORT SUNY POLY CAMPUS ACTIVITIES, OTHER THAN SCHLOARSHIPS. THE SUPPORTED ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, FUNDING OF AWARDS, SUPPORTING FACULTY, CAMPUS AND COMMUNITY ACTIVITIES, GRADUATION AND CLUB ACTIVITIES.


SCHOLARSHIP AND ASSISTANCE TO ELIGIBLE INDIVIDUALS ATTENDING SUNY POLY. 314 SCHOLARSHIPS GIVEN OUT.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Head
Treasurer
$0
Stephen Teti
Vice Chair
$0
Anthony Vennero
Member
$0
Michael Frame
CEO
$0
Melissa Cummings
Member
$0
Andrea Lagatta
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$76,818
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,664,206
Noncash contributions included in lines 1a–1f $51,088
Total Revenue from Contributions, Gifts, Grants & Similar$1,741,024
Total Program Service Revenue$0
Investment income $268,392
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,562,010
Net Income from Fundraising Events -$22,864
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,548,562

Grants Recieved

Over the last fiscal year, we have identified 2 grants that State University Of New York Polytechnic Institute Foundation I has recieved totaling $75,000.

Awarding OrganizationAmount
New York State Technology Enterprise Corporation

Rome, NY

PURPOSE: DONATION FOR STEM WRITING CENTER & GENERAL PROGRAM SUPPORT

$55,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: EDUCATION

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,072,139
Earnings$1,629,888
Admin Expense$74,415
Net Contributions$23,361
Other Expense$520
Grants$230,997
Ending Balance$7,419,456

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