Suny Impact Foundation Inc
- Assets
- $4.4m
- Revenue
- $13.9m
- Investments
- $349.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 06/2024
- EIN
- 81-4591892
Organization Overview
Suny Impact Foundation Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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 Impact 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 06/2024, Suny Impact Foundation Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $11.8m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Suny Impact Foundation Inc has awarded 218 individual grants totaling $50,130,133. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE STATE UNIVERSITY OF NEW YORK (SUNY) IN DRIVING STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK STATE ("NYS") TAX CREDIT PROGRAM: THE ORGANIZATION IS AUTHORIZED BY NYS TO ADMINISTER A TAX CREDIT PROGRAM, WHEREBY INDIVIDUAL TAXPAYERS MAKING AUTHORIZED CONTRIBUTIONS TO THE ORGANIZATION MAY BE ELIGIBLE TO CLAIM A NYS TAX CREDIT EQUAL TO 85% OF THE DONATION AMOUNT FOR THE TAX YEAR AFTER THE DONATION IS MADE. FUNDS RECEIVED UNDER THIS PROGRAM ARE USED TO SUPPORT A VARIETY OF SUNY SYSTEM-WIDE INITIATIVES AND SUNY SCHOOLS.
SUPPORT OF SUNY SYSTEM AND CAMPUS INITIATIVES: GRANTS AND DONATIONS TO THE ORGANIZATION FROM THE PHILANTHROPIC COMMUNITY AND CORPORATE PARTNERS ARE USED TO EXPAND ACCESS TO ACADEMIC EXCELLENCE, SERVICE LEARNING AND STUDENT WELL-BEING THROUGH GRANTMAKING FOR SUNY'S RESEARCH UNIVERSITIES, ACADEMIC MEDICAL CENTERS, LIBERAL ARTS COLLEGES, COMMUNITY COLLEGES AND COLLEGES OF TECHNOLOGY THAT COMPRISE THE SUNY SYSTEM.
SUPPORT OF SUNY SCHOLARSHIPS AND FELLOWSHIPS: GRANTS AND DONATIONS TO THE ORGANIZATION ARE USED TO MAKE GRANTS AVAILABLE TO SUNY RESEARCH UNIVERSITIES, ACADEMIC MEDICAL CENTERS, LIBERAL ARTS COLLEGES, COMMUNITY COLLEGES AND COLLEGES OF TECHNOLOGY THAT ARE PART OF THE SUNY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Belluck Secretary And Director | OfficerTrustee | 0 | $0 |
H Carl Mccall Treasurer | OfficerTrustee | 0 | $0 |
Barbaralee Diamonstein-Spielvogel Director | Trustee | 0 | $0 |
Merryl Tisch Director | Trustee | 0 | $0 |
John B King Jr Chairperson | OfficerTrustee | 0.25 | $0 |
Nisha Atre Executive Director | Officer | 40 | $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 | $13,864,309 |
| Noncash contributions included in lines 1a–1f | $3,161,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,864,309 |
| Total Program Service Revenue | $0 |
| Investment income | $3,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,855,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,686,818 |
| Grants and other assistance to domestic individuals. | $66,500 |
| 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 | $1,375 |
| Fees for services: Accounting | $39,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,805,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,728 |
| Savings and temporary cash investments | $1,376,778 |
| Pledges and grants receivable | $1,250,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $349,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,361,703 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $388,444 |
| 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 | $388,444 |
| Net assets without donor restrictions | $949,880 |
| Net assets with donor restrictions | $3,023,379 |
| 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 | $4,361,703 |
Grants Awarded
Over the last fiscal year, Suny Impact Foundation Inc has awarded $11,667,899 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK COMMUNITY COLLEGE FOUNDATION INC PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS | $29,030 |
BINGHAMTON UNIVERSITY FOUNDATION PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS | $1,658,474 |
BUFFALO STATE COLLEGE FOUNDATION INC PURPOSE: ASAP - ACE: SUPPORT OF CAMPUS & SUNY SYSTEMS INITIATIVES | $63,636 |
CANTON COLLEGE FOUNDATION INC PURPOSE: ASAP - ACE: SUPPORT OF CAMPUS & SUNY SYSTEMS INITIATIVES | $63,636 |
CANTON COLLEGE FOUNDATION INC PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS | $67,845 |
BUFFALO STATE COLLEGE FOUNDATION INC PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS | $100,284 |