2024-04-26T09:03:45-05:00 2023-06-30 201317788 BOWERS & COMPANY CPAS PLLC 333 W WASHINGTON ST SUITE 500 SYRACUSE NY 13202 990 2022-07-01 237106325 SUNY COBLESKILL COLLEGE FOUNDATION SUNY 5182555524 201 KNAPP HALL COBLESKILL NY 12043 JOHN ZACHAREK EXECUTIVE DIRECTOR 5182555524 2024-04-22 1 JOHN ZACHAREK 999009999 1 RICHARD FARLEY JR CPA P01083459 3152341100 2024-04-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN ZACHAREK 201 KNAPP HALL COBLESKILL NY 12043 5674555 0 X N/A X 1969 NY THE FOUNDATIONS MISSION IS TO DEVELOP ADDITIONAL RESOURCES TO ENABLE THE COLLEGE TO PROVIDE QUALITY EDUCATIONAL EXPERIENCES FOR ITS STUDENTS THE FOUNDATION PROVIDES ANNUAL AND HONORS SCHOLARSHIPS AS WELL AS AWARDS BASED ON FINANCIAL NEED AND ACADEMIC MERIT ALSO SUPPORTED BY FOUNDATION RESOURCES ARE COLLEGE-WIDE MAJOR GIFT FUNDRAISING AND ASSET MANAGEMENT, EMERGENCY STUDENT LOANS, SPECIAL PROJECTS FOR PROFESSIONAL STAFF DEVELOPMENT, SUPPORT FOR UNIQUE ACADEMIC ENRICHMENT PROGRAMS AND ENHANCEMENT OF THE COMMUNITY'S AWARENESS OF THE COLLEGE AND ITS SERVICES. 16 15 0 16 0 0 1831389 2054785 404789 351840 785648 397502 36713 76842 3058539 2880969 864827 987976 0 0 0 0 0 0 31097 1016502 799243 1881329 1787219 1177210 1093750 13354700 15115332 480361 398543 12874339 14716789 X THE FOUNDATIONS MISSION IS TO DEVELOP ADDITIONAL RESOURCES TO ENABLE THE COLLEGE TO PROVIDE QUALITY EDUCATIONAL EXPERIENCES FOR ITS STUDENTS THE FOUNDATION PROVIDES ANNUAL AND HONORS SCHOLARSHIPS AS WELL AS AWARDS BASED ON FINANCIAL NEED AND ACADEMIC MERIT ALSO SUPPORTED BY FOUNDATION RESOURCES ARE COLLEGE-WIDE MAJOR GIFT FUNDRAISING AND ASSET MANAGEMENT, EMERGENCY STUDENT LOANS, SPECIAL PROJECTS FOR PROFESSIONAL STAFF DEVELOPMENT, SUPPORT FOR UNIQUE ACADEMIC ENRICHMENT PROGRAMS AND ENHANCEMENT OF THE COMMUNITY'S AWARENESS OF THE COLLEGE AND ITS SERVICES. 0 0 1660122 987976 351840 THE ORGANIZATION COLLECTS AN ADMINISTRATIVE FEE FROM THE SCHOLARSHIPS IT ADMINISTERS IN ORDER TO COVER GENERAL AND ADMINISTRATIVE COSTS THE ORGANIZATION ACCOUNTS FOR EDUCATIONAL PROGRAM ACTIVITIES FOR WHICH INCOME IS EARNED THROUGH STUDENT ACTIVITIES TO SUPPORT EDUCATIONAL ACTIVITY EXPENSES. 1660122 1 1 0 0 0 0 0 1 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X WENDY GILMAN 5182555524 201 KNAPP HALL COBLESKILL NY 12043 JOANNE DARCY CRUM DIRECTOR 1.00 X 0 0 0 TIM PURCELL PAST PRESIDENT 1.00 X 0 0 0 PETER POCHILY DIRECTOR 1.00 X 0 0 0 J GLENN EUGSTER DIRECTOR 1.00 X 0 0 0 SUSAN KNELLER DIRECTOR 1.00 X 0 0 0 KYLE TUTTLE DIRECTOR 1.00 X 0 0 0 JOSEPH BATCHELDER DIRECTOR 1.00 40.00 X 0 0 0 MAGGIE JACKSON DIRECTOR 1.00 X 0 0 0 MITCHELL NUDELMAN DM DIRECTOR 1.00 X 0 0 0 KATRINA PEARL FACULTY APPOINTEE 1.00 40.00 X 0 122521 0 STEPHANIE MIDDLETON STUDENT REPRESENTATIVE 1.00 X 0 0 0 EMILEY PURVIS ALUMNI ASSOCIATION REPRESENTATIVE 1.00 X 0 0 0 BRIAN MARHAVER NON-FACULTY CAMPUS REPRESENTATIVE 1.00 X 0 0 0 MARION TERENZIO PHD COLLEGE PRESIDENT 1.00 40.00 X 0 426270 0 JOHN BRUST PRESIDENT 1.00 X 0 0 0 WENDY GILMAN ASSISTANT TREASURER 1.00 40.00 X 0 290519 0 GEOFFREY RIGHTMYER TREASURER 1.00 X 0 0 0 JOHN ZACHAREK EXECUTIVE DIRECTOR 1.00 40.00 X 0 265648 0 0 1104958 0 0 0 1 0 0 2054785 38205 2054785 STRATEGIC INITIATIVE 900099 248999 248999 FEES AND ACTIVITIES 900099 102841 102841 351840 156664 156664 3008796 2767958 240838 240838 240838 102470 25628 76842 76842 2880969 351840 0 474344 987976 987976 62352 57341 5011 2069 2069 EDUCATIONAL SERVICES 373134 373134 ADMIN FEES 166188 102840 63348 SUPPLIES 55138 53932 1206 IN KIND NON-CASH MATERI 38205 38205 102157 104035 -27964 26086 1787219 1660122 96000 31097 1598761 1225501 69389 74508 997822 934992 10190504 11682943 498224 1197388 13354700 15115332 44765 13819 435596 384724 480361 398543 X 2288027 3818239 10586312 10898550 12874339 14716789 13354700 15115332 X 1093750 748700 553883 -553883 X 0 1 X 0 0 X 22051491 2040771 600630 1831389 2054785 28579066 22051491 2040771 600630 1831389 2054785 28579066 28579066 191177 208928 98146 133728 156664 788643 17034 37439 36713 76842 168028 29535737 0.96760 0.96720 X PART VIII, LINE 8 THE FOUNDATION HELD A GOLF TOURNAMENT FUNDRAISER IN AUGUST 2022. NET PROCEEDS FROM THE EVENT WAS $76,842. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10586312 821262 672422 1181446 10898550 11377592 1237552 -1121561 907271 10586312 9830342 435355 1824581 712686 11377592 7165300 2665042 9830342 7165300 7165300 1.00000 0 0 0 CASH AND MONEY MARKETS 245808 F U.S. GOVERNMENT OBLIGATIONS 2391649 F FIXED INCOME - BOND FUNDS 963502 F EQUITY FUNDS 8081984 F 11682943 CURRENT PORTION OF PLEDGES RECEIVABLE 1196677 RELATED PARTY RECEIVABLES 711 1197388 PLEDGES PAYABLE 384724 384724 X 4183552 748700 553883 1302583 2880969 0 2880969 2341102 553883 553883 1787219 0 1787219 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509 (A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITION BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENT. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR THREE YEARS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION FOR THE YEARS PRECEDING THE THREE YEARS PRIOR TO THE CURRENT FISCAL YEAR END. PART III, LINE 1A THE FOUNDATION HAS RECEIVED DONATIONS OF NUMEROUS WORKS OF ART. THE FOUNDATION DOES NOT RECORD ITS COLLECTION ON ITS STATEMENT OF FINANCIAL POSITION. PART V, LINE 4 THE ORGANIZATION INTENDS TO USE ENDOWMENTS FOR SCHOLARSHIP AND THE ADVANCEMENT OF THE COLLEGE AS DIRECTED BY THE DONORS. GOLF TOURNAMENT 102470 102470 1446 24182 102470 102470 1446 24182 25628 76842 1 STUDENT SCHOLARSHIPS 244 987976 X X X 0 0 0 0 0 0 0 0 0 MARION TERENZIO PHD COLLEGE PRESIDENT 0 260000 0 0 0 166270 0 0 0 0 0 426270 0 0 WENDY GILMAN ASSISTANT TREASURER 0 177200 0 0 0 113319 0 0 0 0 0 290519 0 0 JOHN ZACHAREK EXECUTIVE DIRECTOR 0 162030 0 0 0 103618 0 0 0 0 0 265648 0 0 X 1 500 FAIR MARKET VALUE X HISTOLOGY EQUIPMENT 13 22000 FAIR MARKET VALUE X EPREDIA EMBEDDING CENTER 1 12305 FAIR MARKET VALUE X BROWN SWISS HEFER 1 2400 FAIR MARKET VALUE X SERVICE BULL 1 1000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING BY COMPARING 990 TO AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW AND SIGN POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS EXPENSES RELATED TO DONATED SERVICES AND SPACE -553,883 SUNY COBLESKILL AUXILIARY SERVICES INC 152 ALBANY AVENUE COBLESKILL NY 12043 141416206 AUXILIARY SERVICES NY 501(C)(3) LINE 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 SUNY COBLESKILL AUXILIARY SERVICES INC C 375744 CASH ALUMNI ASSOCIATION OF SUNY COBLESKILL M 446000 SERVICES