Schenectady Foundation Inc is located in Schenectady, NY. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Schenectady Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schenectady 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 12/2021, Schenectady Foundation Inc generated $946.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $938.5k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 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.
Since 2014, Schenectady Foundation Inc has awarded 48 individual grants totaling $1,937,667. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS MADE:THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATING SUPPORT TO THE GRANTS AND SCHOLARSHIP PROGRAMS OF THE SCHENECTADY FOUNDATION, INCLUDING THE CREATION OF GRANT APPLICATIONS AND PROCESSES, PROVIDING TECHNICAL ASSISTANCE TO GRANT APPLICATIONS AND GRANTEES, REVIEWING AND EVALUATING APPLICATIONS, ENSURING DUE DILIGENCE AND FOLLOW-UP THROUGH GRANT REPORTING, TRACKING AND MANAGING GRANT CONDITIONS AND PAYMENTS.
STRATEGIC INITIATIVES:THE SCHENECTADY FOUNDATION'S COMMUNITY PRIORITIES AND STRATEGIC INITIATIVES ARE CARRIED OUT THROUGH THE WORK OF THE SCHENECTADY FOUNDATION, INC. NEW PRIORITIES ARE ADOPTED FROM TIME TO TIME BY THE FOUNDATION. IN 2021 THE FOUNDATION'S INITIATIVES INCLUDED: 1) FOOD SECURITY: WEEKEND BACKPACK PROGRAM ENSURES THAT MORE THAN 800 FOOD INSECURE CHILDREN IN ELEMENTARY SCHOOLS THROUGHOUT SCHENECTADY COUNTY RECEIVE A WEEKEND SUPPLY OF FOOD EACH FRIDAY. WEEKEND BACKPACK PARTNERS INCLUDE CITY MISSION OF SCHENECTADY, REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK, MVP HEALTH CARE, SEFCU AND SCHOOL DISTRICTS THROUGHOUT SCHENECTADY COUNTY. DURING 2021, THERE WERE 868 STUDENTS SERVED).NEIGHBORHOODS: A SECOND ROUND OF THE THRIVING NEIGHBORHOODS CHALLENGE FOR COMMUNITY GROUP-LED NEIGHBORHOOD PROJECTS WAS INITIATED IN 2019 FOR IMPLEMENTATION IN 2020. IMPLEMENTATION, HAVING BEEN STALLED IN 2020 BY THE PANDEMIC, WAS ENERGIZED IN 2021. VARIOUS COMMUNITY GROUPS AND NEIGHBORHOOD ASSOCIATIONS PARTICIPATED, INVOLVING ABOUT 100 PEOPLE AND SERVING APPROXIMATELY 65,000 IN THE CITY OF SCHENECTADY. PROJECTS COMPLETED IN 2021 UTILIZED $246,000 IN FUNDING.PANDEMIC RESPONSE AND RECOVERY: THE INITIATIVE CALLED "ONE SCHENECTADY" (FORMED IN 2020) CONTINUED TO ASSIST COMMUNITY MEMBERS AS COVID WAVES LASTED THROUGH 2021. ASSISTANCE WAS PROVIDED IN HELPING PEOPLE FIND EMPLOYMENT, HELPING CHILDCARE PROVIDERS WITH SAFETY ISSUES, CONTINUING TO HELP PAY FOR CHILDCARE, RENT AND UTILITIES FOR NEED COMMUNITY MEMBERS AND CONTINUING FOOD DELIVERY TO HOUSEHOLDS MOST AT RISK. THE SUPPORT USED $75,000 IN FUNDING. THE PROCESS INVOLVED OVER 150 VOLUNTEERS AND SERVED APPROXIMATELY 65,000 RESIDENTS.SYSTEMS CHANGE: THE FOUNDATION INITIATED A NEW PROJECT - THE ONE SCHENECTADY SYSTEMS CHANGE. A CONTRACT WITH COMMUNITY SCIENCE WAS SIGNED IN 2021 TO PURSUE THE COMPLEX UNDERSTANDING OF SYSTEMS CHANGE AND HOW TO DEVELOP A STRATEGIC APPROACH TO IMPROVE OUR ORGANIZATIONS, BUSINESSES, AND COMMUNITIES BY CHANGING THE SYSTEMS THAT HAVE MAINTAINED CURRENT INEQUITIES IN SOCIETY. THIS WILL SERVE THE ENTIRE COUNTY OF 150,000 RESIDENTS.BRIDGE THE GAP: TWO BRIDGE THE GAP SITES WERE CREATED IN 2020 FOR STUDENT LEARNING SPACES TO FILL THE GAPS THAT THE PANDEMIC CONSTRAINTS HAD PLACED ON IN-PERSON CLASSES. ORGANIZATIONS PROVIDING SERVICES AT THOSE SITES INCLUDED MEDIATION MATTERS (PEER MEDIATION AND CIRCLES) AND CREATE COMMUNITY STUDIOS (ART THERAPY). THESE INITIATIVES WERE SUPPORTED BY FOUNDATION GRANTS AND SERVED APPROXIMATELY 100 STUDENTS.FOOD SECURITY: THE FOOD SECURITY EMPHASIS WAS EXPANDED IN 2021 BY THE CREATION OF A SCHENECTADY FOOD SECURITY COUNCIL. PARTNERS ON THE STEERING COMMITTEE FOR THIS GROUP INCLUDE THE SCHENECTADY CITY SCHOOL DISTRICT, SCHENECTADY COUNTY PUBLIC HEALTH, UNITED WAY, THE FOOD PANTRIES FOR THE CAPITAL DISTRICT, SCHENECTADY GREENMARKET, ELECTRIC CITY CO-OP, MESSIAH LUTHERAN CHURCH, SCHENECTADY STREET SOLDIERS, AND SCHENECTADY URBAN FARMS. INITIAL ORGANIZATIONAL MEETINGS WERE HELD IN 2021 - NO FUNDING EXPENSES IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Carreau Executive Director | Officer | 40 | $137,641 |
Omayra Padilla Dejesus Chair | OfficerTrustee | 1 | $0 |
Martha Asselin Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Tardi Secretary | OfficerTrustee | 1 | $0 |
Michael Ozimek Treasurer | Officer | 1 | $0 |
Herbert L Shultz Jr Assistant Treasurer | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $538,720 |
Government grants | $87,986 |
All other contributions, gifts, grants, and similar amounts not included above | $319,433 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $946,139 |
Total Program Service Revenue | $0 |
Investment income | $13 |
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 | $946,152 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $398,545 |
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. | $150,005 |
Compensation of current officers, directors, key employees. | $36,602 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $161,029 |
Pension plan accruals and contributions | $4,972 |
Other employee benefits | $10,101 |
Payroll taxes | $21,537 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,210 |
Fees for services: Accounting | $7,725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $128,081 |
Advertising and promotion | $1,841 |
Office expenses | $17,913 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $18,000 |
Travel | $740 |
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 | $874 |
Insurance | $6,021 |
All other expenses | $0 |
Total functional expenses | $938,478 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $288,895 |
Savings and temporary cash investments | $121,886 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $96,050 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $30,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $4,015 |
Net Land, buildings, and equipment | $1,966 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $542,812 |
Accounts payable and accrued expenses | $60,519 |
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 | $0 |
Total liabilities | $60,519 |
Net assets without donor restrictions | $81,708 |
Net assets with donor restrictions | $400,585 |
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 | $542,812 |
Over the last fiscal year, Schenectady Foundation Inc has awarded $393,365 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
Schenectady, NY PURPOSE: NEIGHBORHOOD CHALLENGE PROJECTS - WALLINGFORD PARK SPLASH PAD, AND ENGINE HILL PROJECT | $125,160 |
Latham, NY PURPOSE: PRODUCT FOR MAZZONE FOOD BOX DELIVERY; WEEKEND BACKPACK PROGRAM | $86,000 |
Schenectady, NY PURPOSE: NEIGHBORHOOD CHALLENGE PROJECTS - JAYLEN'S PARK | $52,275 |
Albany, NY PURPOSE: NEIGHBORHOOD CHALLENGE PROJECTS - PHOENIX WALKS, AND SHOW LOVE WHERE YOU LIVE | $46,150 |
Schenectady, NY PURPOSE: CRN EMERGENCY RESPONSE | $46,000 |
Schenectady, NY PURPOSE: NEIGHBORHOOD CHALLENGE PROJECTS - COMMON UNITY BANNERS | $19,947 |
Over the last fiscal year, we have identified 4 grants that Schenectady Foundation Inc has recieved totaling $36,186.
Awarding Organization | Amount |
---|---|
Mvp Health Plan Inc Schenectady, NY PURPOSE: WEEKEND BACKPACK PARTNERSHIP | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,450 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $636 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |