2025-12-04T11:03:56-06:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-11-14 332105962 KINGSTON AREA SUPPORTING ORGANIZATION INC KING 8454523077 25 VAN WAGNER ROAD POUGHKEEPSIE NY 12603 LAURA WASHINGTON PRESIDENT & CEO 8454523077 2025-12-04 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-13 2024 2025-03-06 01:10:19Z X LAURA WASHINGTON 25 VAN WAGNER ROAD POUGHKEEPSIE NY 12603 8500000 0 X N/A X 2024 NY THE KINGSTON AREA SUPPORTING ORGANIZATION INC'S MOST SIGNIFICANT ACTIVITIES FOR THE 2025 FISCAL YEAR WERE TO SET UP THE GOVERNANCE, INCLUDING TAX EXEMPTION, FINANCIAL MANAGEMENT, ACCOUNTING AND ADMINISTRATIVE SERVICES OF THE ORGANIZATION. OUR TWO MAIN PROGRAM AREAS ARE GRANTMAKING AND TECHNICAL SUPPORT. 5 5 0 7 0 0 8500000 0 0 0 8500000 0 0 0 0 0 0 0 8500000 8500000 0 8500000 THE PURPOSE OF THE ORGANIZATION IS TO CARRY OUT THE ADMINISTRATION OF NOVO IN KINGSTON'S GRANTMAKING WHICH SUPPORTS THE RESILIENCE OF THE KINGSTON COMMUNITY AND SURROUNDING AREA WITH SPECIAL EMPHASIS ON THE NEEDS OF THE MOST HISTORICALLY AND CONTINUOUSLY MARGINALIZED. 0 0 0 0 0 THE GOAL OF THE ORGANIZATION IS TO PROVIDE STREAMLINED AND EFFICIENT GRANTS ADMINISTRATION AND TIMELY PAYMENTS TO GRANTEES. THE ORGANIZATION'S WORK WILL INCLUDE THE FOLLOWING FUNCTIONS OF THE SUPPORTING ORGANIZATION: GRANTMAKING, GOVERNANCE, FINANCIAL MANAGEMENT, ACCOUNTING AND OTHER ADMINISTRATIVE SERVICES.AS THIS REPRESENTS THE INITIAL YEAR OF THE ORGANIZATION'S EXISTENCE, PROGRAMMATIC OPERATIONS ARE SCHEDULED TO COMMENCE IN FISCAL YEAR 2026. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 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 5 5 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X DARCY KELLY 8454523077 25 VAN WAGNER ROAD POUGHKEEPSIE NY 12603 ROBERT COTTER CHAIR 0.25 6.00 X X 0 0 0 REBECCA REYNOLDS FIRST VICE CHAIR 0.10 3.00 X X 0 0 0 EDWARD MCCORMICK TREASURER 0.10 2.00 X X 0 0 0 KERRI KLEVEN TRUSTEE 0.10 0.00 X 0 0 0 SANGEETA BUDHIRAJA TRUSTEE 0.10 0.00 X 0 0 0 LAURA WASHINGTON PRESIDENT & CEO 1.00 37.50 X 0 204737 13107 DARCY KELLY CFO 1.00 37.50 X 0 112166 19321 0 316903 32428 0 0 1 0 0 8500000 8500000 8500000 0 0 0 0 0 0 0 0 8500000 0 8500000 0 0 X 0 0 0 8500000 0 8500000 0 8500000 8500000 0 X 0 1 X 0 0 X X X 1 COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY INC 237026859 8 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 46173577 37673577 37673577 8500000 0 8500000 22502595 22502595 22502595 0 0 0 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE ORGANIZATION IS SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS SINCE INCEPTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITY 37,673,577. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITY 22,502,595. 0 0 0 0 0 0 0 0 0 LAURA WASHINGTON PRESIDENT & CEO 0 190031 0 0 0 14706 0 4271 0 8836 0 217844 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE INTERVIEWS THE BOARD OF TRUSTEES TO EVALUATE THE PRESIDENT & CEO. ONCE COMPLETED, THE RESULTS ARE COMPILED BY THE EXECUTIVE CHAIR OF THE BOARD OR TRUSTEE AS DESIGNATED. COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE. INFORMATION USED TO MAKE THIS RECOMMENDATION INCLUDES AMOUNT AVAILABLE IN THE APPROVED OPERATING BUDGET, EXPERIENCE OF THE PRESIDENT & CEO, AND COMPENSATION DATA FROM THE COUNCIL ON FOUNDATIONS FOR SIMILAR SIZED COMMUNITY FOUNDATIONS NATIONALLY AND REGIONALLY. LOCAL AND REGIONAL NONPROFIT COMPENSATION DATA IS ALSO CONSIDERED WHERE AVAILABLE. THE PROCEDURE USED TO RECOMMEND AND APPROVE COMPENSATION MUST BE CAPTURED IN THE MINUTES OF THE BOARD OF TRUSTEES MEETINGS. THE LAST REVIEW OF THE PRESIDENT & CEO WAS CONDUCTED IN Q1 OF 2025. FORM 990, PART VI, SECTION A, LINE 7A THE SUPPORTED ORGANIZATION, COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY, APPOINTS A MAJORITY OF THE BOARD MEMBERS. A MINORITY OF THE BOARD MEMBERS IS APPOINTED BY NOVO FOUNDATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B KINGSTON AREA SUPPORTING ORGANIZATION (KASO) HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED, THE RELATED ORGANIZATION COMMUNITY FOUNDATIONS OF THE HUDSON VALLY'S (CFHV) PRESIDENT AND CEO, CFO, AND DIRECTOR OF OPERATIONS REVIEWS IT WITH THE OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN PRESENTED TO THE KASO BOARD FOR APPROVAL. ONCE APPROVED BY THE KASO BOARD, THE FORM IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY (THE "POLICY") APPLIES WHENEVER (1) THERE IS ANY PROPOSED TRANSACTION, INVESTMENT, ARRANGEMENT, GRANT, PROGRAM, OR OTHER ACTIVITY IN WHICH KINGSTON AREA SUPPORTING ORGANIZATION, INC. (THE ORGANIZATION") WOULD BE A PARTICIPANT AND ONE OR MORE COVERED PERSONS OR RELATED PARTIES, AS DEFINED BELOW, WOULD HAVE A FINANCIAL INTEREST; OR (2) THERE COULD BE AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST FOR SOME OTHER REASON, INCLUDING ANY TRANSACTION, INVESTMENT, ARRANGEMENT, GRANT, PROGRAM, OR OTHER ACTIVITY IN WHICH THE INTERESTS OF A COVERED PERSON OR RELATED PARTY COULD BE SEEN AS COMPETING WITH THE INTERESTS OF THE ORGANIZATION. COVERED PERSONS MUST, ANNUALLY AND PRIOR TO THEIR INITIAL ELECTION OR HIRING, AS THE CASE MAY BE, COMPLETE, SIGN, AND SUBMIT A DISCLOSURE STATEMENT, TO THE SECRETARY OF THE ORGANIZATION, WHO WILL KEEP A CONFIDENTIAL FILE OF THESE DISCLOSURE STATEMENTS. COMPLETE, CANDID, AND TIMELY COMPLETION OF THE DISCLOSURE STATEMENT IS AN OBLIGATION OF EACH COVERED PERSON. THE BOARD WILL OVERSEE THE IMPLEMENTATION OF, AND COMPLIANCE WITH, THE POLICY. THE SECRETARY WILL ENDEAVOR TO ENSURE THAT ALL COVERED PERSONS FILE DISCLOSURE STATEMENTS IN ACCORDANCE WITH THE POLICY. IF ANY COVERED PERSON FAILS TO COMPLY WITH THE POLICY'S DISCLOSURE REQUIREMENTS, THE SECRETARY WILL REPORT SUCH FAILURE TO THE BOARD, WHICH WILL TAKE APPROPRIATE CORRECTIVE ACTION. ANY COVERED PERSON HAVING THE CONFLICT SHALL REFRAIN FROM PARTICIPATING IN OR ATTEMPTING TO INFLUENCE ANY DECISIONS OR VOTES REGARDING THE MATTER UNDER CONSIDERATION, AND SHALL RETIRE FROM THE MEETING DURING ANY DELIBERATIONS AND VOTES ON SUCH MATTER. AT THE REQUEST OF THE BOARD (OR BOARD COMMITTEE, AS APPLICABLE), THE PERSON MAY PRESENT BACKGROUND INFORMATION OR ANSWER QUESTIONS REGARDING THE MATTER UNDER CONSIDERATION PRIOR TO THE DELIBERATIONS OR VOTE ON SUCH MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. THE RETURN AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY INC 25 VAN WAGNER ROAD POUGHKEEPSIE NY 12603 237026859 GRANTMAKING NY 501(C)(3) LINE 8 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0