2024-05-13T16:03:10-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 111 EVERTS AVE PO BOX 4750 QUEENSBURY NY 128044750 990 2022-07-01 222486001 ADIRONDACK COMMUNITY COLLEGE FOUNDATION INC ADIR 5187432243 640 BAY ROAD QUEENSBURY NY 12804 WILLIAM HART PRESIDENT 5187432243 2024-05-10 1 WILLIAM HART 999009999 1 HEATHER D PATTEN CPA P00966838 5187926595 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUNY ADIRONDACK FOUNDATION WILLIAM HART 640 BAY ROAD QUEENSBURY NY 12804 2730368 0 X N/A X 1983 NY GUIDED BY SUNY ADIRONDACK'S STRATEGIC PLAN, THE SUNY ADIRONDACK FOUNDATION ACTIVELY AND COLLABORATIVELY RAISES AND MANAGES THE NECESSARY FUNDS TO HELP THE COLLEGE MEET THE EVOLVING NEEDS OF ITS STUDENTS AND COMMUNITY. 19 19 0 19 0 0 632024 321872 0 0 15723 337936 41518 17103 689265 676911 543828 1218930 0 0 5338 0 0 0 0 128742 101004 677908 1319934 11357 -643023 7066280 7308804 2740 391999 7063540 6916805 X GUIDED BY SUNY ADIRONDACK'S STRATEGIC PLAN, THE SUNY ADIRONDACK FOUNDATION ACTIVELY AND COLLABORATIVELY RAISES AND MANAGES THE NECESSARY FUNDS TO HELP THE COLLEGE MEET THE EVOLVING NEEDS OF ITS STUDENTS AND COMMUNITY. 0 0 326807 326807 SCHOLARSHIPS AND AWARDS WERE GRANTED TO SUNY ADIRONDACK STUDENTS TO AID IN THEIR COLLEGE FUNDING. 800000 800000 SUPPORT FOR THE SUNY ADIRONDACK SYNTHETIC TURF FIELD PROJECT. 30000 30000 SUPPORT FOR THE ATHLETICS PROGRAMS OF SUNY ADIRONDACK. 88493 62123 FUNDS USED FOR VARIOUS STRATEGIC PROJECTS 88493 62123 1245300 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X RACHAEL HUNSINGER PATTEN 5187432255 640 BAY ROAD QUEENSBURY NY 12804 X RICHARD FERGUSON DIRECTOR 1.00 X 0 0 0 JAMES NOLAN DIRECTOR 1.00 X 0 0 0 CHAD MALLOW DIRECTOR 1.00 X 0 0 0 SUE TRUMPICK DIRECTOR 1.00 X 0 0 0 JIM CASACCIO DIRECTOR 1.00 X 0 0 0 MICHAEL MURRAY DIRECTOR 1.00 X 0 0 0 DIANA PALMER DIRECTOR 1.00 X 0 0 0 JESSICA HUGABONE VINSON ESQ DIRECTOR 1.00 X 0 0 0 ROBERT NEMER DIRECTOR 1.00 X 0 0 0 PATRICK CANAVAN DIRECTOR 1.00 X 0 0 0 SHELLY MARCANTONIO DIRECTOR 1.00 X 0 0 0 EDWARD L HANCHETT DIRECTOR 1.00 X 0 0 0 NAFTALI ROTTENSTREICH PHD DIRECTOR 1.00 X 0 0 0 KRISTINE DUFFY COLLEGE PRESIDENT 1.00 X 0 0 0 ROBIN WADLEIGH DIRECTOR 1.00 X 0 0 0 RUSSELL DANFORTH DIRECTOR 1.00 X 0 0 0 FRANK DITTRICH PRESIDENT-ELECT (ENDING 12/12/22) 1.00 X 0 0 0 ERINN KOLLIGIAN PRESIDENT-ELECT (BEGIN 12/15/22) 1.00 X 0 0 0 PAUL DOWEN TREASURER 1.00 X 0 0 0 WILLIAM HART PRESIDENT 1.00 X 0 0 0 RACHAEL HUNSINGER PATTEN EXECUTIVE DIRCTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 13700 308172 321872 158844 158844 2201827 2022735 179092 179092 179092 47825 13700 30722 17103 17103 676911 0 0 355039 892123 892123 326807 326807 26584 26584 26210 26210 11034 11034 1270 1270 4390 4390 MISCELLANEOUS 16456 15803 653 INTEREST EXPENSE 10567 10567 PRINTING AND PUBLICATIO 2868 2868 BANK SERVICE CHARGES 1625 1625 1319934 1245300 74634 0 720711 451699 63500 62500 5395 8209 5891864 6470769 384810 315627 7066280 7308804 2740 4899 0 85000 0 302100 2740 391999 X 625055 2862 6438485 6913943 7063540 6916805 7066280 7308804 -643023 496288 0 X 0 1 X 1 0 X 406141 383814 555235 632024 321872 2299086 406141 383814 555235 632024 321872 2299086 320122 1978964 96522 109098 106296 164439 158844 635199 65079 15450 74600 72200 47825 275154 3209439 0.61660 0.57830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 65,079. 2019 AMOUNT: $ 15,450. 2020 AMOUNT: $ 74,600. 2021 AMOUNT: $ 72,200. 2022 AMOUNT: $ 47,825. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1058292 50 1058342 1058292 1058292 1058292 1058292 1058292 1058292 1050765 7527 1058292 1.00000 0 0 0 X 1248090 496288 70379 30722 597389 650701 26210 26210 676911 1394825 70379 30722 101101 1293724 26210 26210 1319934 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPORT THE FOUNDATION ACTIVITIES, WHICH INCLUDE FINANCIAL SUPPORT FOR STUDENT SCHOLARSHIPS, CULTURAL PROGRAMS, COMMUNITY SERVICE PROGRAMS, SPECIAL FACULTY PROJECTS, AND COMMUNITY ECONOMIC DEVELOPMENT PROJECTS. PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP). THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES GOLF 50115 13700 36415 20018 VINTNER'S NIGHT DINNER 11410 11410 1650 61525 13700 47825 21668 21668 26157 1 SUNY ADIRONDACK 640 BAY RD QUEENSBURY NY 12804 146013244 170(C)(1) 892123 0 SUPPORTING COLLEGE INITIATIVES 1 0 SCHOLARSHIPS 534 312655 STRATEGIC PROJECT AWARDS 46 14152 PART I, LINE 2: THE FOUNDATION AWARDS FUNDING TO SUNY ADIRONDACK FOR SPECIFIC COLLEGE INITIATIVES BASED ON SPECIFIC REQUESTS. UPON AWARD OF SCHOLARSHIPS BY SUNY ADIRONDACK, THE FOUNDATION REMITS THE SCHOLARSHIP AWARDS TO SUNY ADIRONDACK WHICH APPLIES THESE AWARDS TOWARDS THE STUDENT'S TUITION. THE FOUNDATION EVALUATES APPLICATIONS AND NOMINATIONS FOR VARIOUS PROJECT AWARDS AND SPECIAL REQUESTS AND SELECTS RECIPIENTS THAT BEST FIT THE CRITERIA OF THE PROJECT AWARD AND SPECIAL REQUESTS. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS NAFTALI ROTTENSTREICH, KRISTINE DUFFY, AND RACHAEL HUNSINGER PATTEN WERE EMPLOYED BY THE SUNY ADIRONDACK COLLEGE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURNS ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SIGNATURE AND SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO OFFICERS AND DIRECTORS ANNUALLY AND REQUIRES A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE REQUIREMENTS ARE INTENDED TO PROVIDE THE BOARD WITH A SYSTEMATIC AND ONGOING METHOD OF DISCLOSING AND ETHICALLY RESOLVING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION REVIEW AND APPROVAL PROCESS FOR ALL EXECUTIVE POSITIONS IS PERFORMED ON AN ANNUAL BASIS BY THE SUNY ADIRONDACK BOARD. INFORMATION ON COMPARABLE POSITIONS AND OTHER COLLEGES ARE GATHERED AND THE HUMAN RESOURCES DEPARTMENT PARTICIPATES TO DETERMINE THE LEVEL OF COMPENSATION EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 ADIRONDACK COMMUNITY COLLEGE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE THROUGH AN ANNUAL REPORT. ITS GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.