2026-03-26T14:54:01-05:00 2025-06-30 394946450 BOWERS ADVISORS LLC 333 W WASHINGTON ST SUITE 500 SYRACUSE NY 13202 990 2024-07-01 510205028 MORRISVILLE COLLEGE FOUNDATION INC MORR 3156846047 80 EATON STREET PO BOX 901 MORRISVILLE NY 134088009 THERESA KEVORKIAN EXECUTIVE DIRECTOR 3156846047 2026-03-26 1 1 RICHARD I FARLEY JR CPA P01083459 3152341100 2026-03-26 2024 2025-03-06 01:10:19Z THERESA KEVORKIAN 80 EATON STREET PO BOX 901 MORRISVILLE NY 134088009 9401001 0 X WWW.MORRISVILLE.EDU/ALUMNI/MORRISVILLE-COLLEGE-FO X 1976 NY THE MORRISVILLE COLLEGE FOUNDATION, INC (THE FOUNDATION) WAS INCORPORATED AS A NOT-FOR-PROFIT NEW YORK STATE CORPORATION FOR THE PURPOSES OF SUPPORTING THE EDUCATIONAL ACTIVITIES OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF AGRICULTURE AND TECHNOLOGY AT MORRISVILLE. THE SPECIFIC ACTIVITIES OF THE FOUNDATION INCLUDE, BUT ARE NOT LIMITED TO, FUNDING SCHOLARSHIPS, PROVIDING COLLEGE ASSISTANCE, ADMINISTERING ENDOWMENT FUNDS, AND PROVIDING ON-CAMPUS STUDENT HOUSING. 22 22 0 45 0 0 2901554 3258146 4181980 4385212 166445 273455 0 0 7249979 7916813 814476 1092515 0 0 0 0 0 0 89315 5393726 5190972 6208202 6283487 1041777 1633326 24670561 25492112 21684134 20365246 2986427 5126866 X THE MORRISVILLE COLLEGE FOUNDATION, INC (THE FOUNDATION) WAS INCORPORATED AS A NOT-FOR-PROFIT NEW YORK STATE CORPORATION FOR THE PURPOSES OF SUPPORTING THE EDUCATIONAL ACTIVITIES OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF AGRICULTURE AND TECHNOLOGY AT MORRISVILLE. THE SPECIFIC ACTIVITIES OF THE FOUNDATION INCLUDE, BUT ARE NOT LIMITED TO, FUNDING SCHOLARSHIPS, PROVIDING COLLEGE ASSISTANCE, ADMINISTERING ENDOWMENT FUNDS, AND PROVIDING ON-CAMPUS STUDENT HOUSING. 0 0 1503640 1092515 SCHOLARSHIP SUPPORT INCREASED IN TOTAL THIS YEAR AND AS A RESULT THE AVERAGE STUDENT AWARD WAS INCREASED BY NEARLY 10%. THIS ALLOWED MORE STUDENTS TO STAY ENROLLED WHEN FINANCES HAVE BECOME AN ISSUE. 4613445 4096995 COMMONS REVENUE RECOVERED THIS YEAR AND THE COLLEGE'S IMPROVED METHODS OF COLLECTING STUDENT RENT MEANT THAT THE COMMONS CASH POSITION WAS MUCH MORE STABLE AND PREDICTABLE THAN IN PREVIOUS YEARS. WHILE OCCUPANCY DROPPED SIGNIFICANTLY FROM FALL TO SPRING, TOTAL OCCUPANCY REMAINED OVER THE 80% REQUIRED IN THE BUDGET. 288217 TEMPORARILY RESTRICTED SUPPORT FOR CAMPUS DEPARTMENTS, TEAMS AND ORGANIZATIONS WAS UP AGAIN THIS YEAR AS DEPARTMENTS COME TO RELY MORE HEAVILY ON FOUNDATION DOLLARS FOR THEIR OPERATIONAL BUDGETS. RESTRICTED GIFTS TO DEPARTMENTS HAVE BECOME MORE POPULAR AND MANY SMALLER CAMPAIGNS AROUND THESE DEPARTMENTS AND THE PURCHASE OF EQUIPMENT, SOFTWARE OR PROGRAMMING CONTINUES TO BE SUCCESSFUL. 6117085 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MARY WILSON 3156846669 80 EATON STREET PO BOX 901 MORRISVILLE NY 13408 LAWERENCE J BAKER EMERITUS 1.00 X 0 0 0 SHIRLEY A CRAWFORD PHD BOARD MEMBER 1.00 X 0 0 0 NORMA GALBREATH BOARD MEMBER 1.00 X 0 0 0 BRIAN W HAUGLI BOARD MEMBER 1.00 X 0 0 0 MARY CLAIRE HELMER BOARD MEMBER 1.00 X 0 0 0 THOMAS LEAMER BOARD MEMBER 1.00 X 0 0 0 MARK H KICHER BOARD MEMBER 1.00 X 0 0 0 KIRSY A MUNOZ BOARD MEMBER 1.00 X 0 0 0 RITA L SCHARMAN BOARD MEMBER 1.00 X 0 0 0 TERRI M SPIEGEL BOARD MEMBER 1.00 X 0 0 0 PETER VANDERWOUDE BOARD MEMBER 1.00 X 0 0 0 PATRICIA A KING ALUMNI ADVISORY BOARD 1.00 X 0 0 0 DAVID E ROGERS PHD PRESIDENT - MSC 2.00 X 0 306513 82934 JENNIFER BOWDEN EXECUTIVE DIRECTOR, MAC 2.00 X 0 124511 20408 LARRY DROPPA BOARD MEMBER 1.00 X 0 0 0 COLEEN R FABRIZI BOARD MEMBER 1.00 X 0 0 0 STEPHEN HALE BOARD MEMBER 1.00 X 0 0 0 STEPHEN PARAVATI BOARD MEMBER 1.00 X 0 0 0 MILTON PICHARDO BOARD MEMBER 1.00 X 0 0 0 DONALD E BABCOCK EMERITUS 1.00 X 0 0 0 JENNIFER GILBERT-JENKINS COLLEGE SENATE 1.00 X 0 0 0 HARMON HOFF CHAIRMAN 1.00 X 0 0 0 GARY M SMALDONE VICE CHAIRMAN 1.00 X 0 0 0 MARY C BRANHAM TREASURER 1.00 X 0 0 0 NANCY L ROBERTS PHD SECRETARY 1.00 X 0 0 0 THERESA R KEVORKIAN EXECUTIVE DIRECTOR 20.00 X 0 139520 42220 0 570544 145562 0 0 1 0 0 3258146 1823117 3258146 RENTAL INCOME - DORMITORIES 531110 4096995 4096995 FEES AND ACTIVITIES 900099 252013 252013 EQUINE REVENUE 900099 36204 36204 4385212 145080 145080 1503165 109398 1347184 137004 155981 -27606 128375 128375 7916813 4385212 0 273455 1092515 1092515 62340 8600 53740 34726 21 34705 664299 664299 795708 790633 5075 119769 108936 10833 EQUINE VALUE WRITE-DOWN 1606678 1606678 OPERATING FEES - MORRIS 1094000 1094000 COLLEGE ASSISTANCE 592147 592147 EQUINE SUPPORT 109398 109398 111907 49858 7439 54610 6283487 6117085 77087 89315 2243165 2383944 255019 166159 198349 154649 27652572 13764920 14561639 13887652 6618526 8106313 793863 793395 24670561 25492112 475735 253396 42278 0 20309059 19374788 857062 737062 21684134 20365246 X -3155459 -2183475 6141886 7310341 2986427 5126866 24670561 25492112 1633326 507113 0 X X 0 1 X 1 0 X 1282202 1115401 1391175 1017405 3258146 8064329 1282202 1115401 1391175 1017405 3258146 8064329 8064329 44347 62693 79626 97293 145080 429039 8493368 18861039 0.94950 0.94780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4249125 639348 516527 106267 5298773 3705203 309527 401054 166659 4249125 3135487 437835 353829 221948 3705203 3346466 299333 428475 81837 3135487 2603335 333273 631156 221298 3346466 1.00000 0 0 576111 576111 24409151 11748129 12661022 1618995 1333335 285660 1048315 683456 364859 13887652 TRANSFER OF DEBT FROM RELATED PARTY 737062 737062 X 6844854 507113 507113 6337741 1579072 1579072 7916813 4704415 -1579072 -1579072 6283487 0 6283487 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED 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 CONSOLIDATED FINANCIAL STATEMENT. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE PRECEDING 3 YEARS, GENERALLY 3 YEARS AFTER THE FORMS HAVE BEEN FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: EQUINE VALUE WRITE-DOWN 1,606,678. LOSS ON DISPOSAL OF ASSETS -27,606. PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUINE VALUE WRITE-DOWN -1,606,678. LOSS ON DISPOSAL OF ASSETS 27,606. 1 SCHOLARSHIPS PROVIDED TO STATE UNIVERSITY STUDENTS. 480 1092515 N/A N/A PART I, LINE 2: SCHOLARSHIP APPLICATIONS ARE REVIEWED BY THE DESIGNATED SCHOLARSHIP COMMITTEES. THE COMMITTEES APPROVE AND AWARD THE SCHOLARSHIPS UPON REVIEW OF THE STUDENTS' ELEGIBILITY AND OTHER SCHOLARSHIP CRITERIA. THE EXECUTIVE DIRECTOR OF THE FOUNDATION APPROVES ALL SCHOLARSHIP PAYMENTS. ALL SCHOLARSHIPS ARE PAID BY CHECK DIRECTLY TO SUNY MORRISVILLE AND ARE APPLIED TO THE STUDENT'S ACCOUNT. 0 0 0 0 0 0 0 0 0 DAVID E ROGERS PHD PRESIDENT - MSC 0 306513 0 0 0 0 0 0 0 82934 0 389447 0 0 THERESA R KEVORKIAN EXECUTIVE DIRECTOR 0 139520 0 0 0 0 0 0 0 42220 0 181740 0 0 A MADISON COUNTY INDUSTRIAL DEVELOPMENT AGENCY 521325841 000000000 2015-09-16 27812000 BOND REFINANCE 0 0 0 A 27812000 266595 18382788 26729 2015 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X HORSES 13 1785198 EXPERT OPINION X MISCELLANEOUS SUPPLIES AND EQUIPMENT 13 37919 RETAIL VALUES 12 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE FOLLOWING BOARD POSITIONS ARE HELD BY VIRTUE OF CURRENT TITLE: PRESIDENT OF THE COLLEGE SENATE, PRESIDENT OF ALUMNI CORPORATION,PRESIDENT OF THE STUDENT GOVERNMENT ORGANIZATION, VICE PRESIDENT OF ADMINISTRATION, PRESIDENT OF THE COLLEGE, AND THE EXECUTIVE DIRECTOR OF THE MORRISVILLE AUXILIARY CORPORATION. THE PRESIDENT OF THE COLLEGE, EXECUTIVE DIRECTOR OF THE MORRISVILLE AUXILIARY CORPORATION, AND THE VICE PRESIDENT OF ADMINISTRATION ARE NON-VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE REVIEWS THE RETURN WITH MANAGEMENT BEFORE IT IS SIGNED. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST ADHERE TO THE POLICY AND NOTIFY THE BOARD OF DIRECTORS WHEN THERE IS A POTENTIAL BREACH IN THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS ELECTRONIC COPIES WHICH ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S OVERSIGHT AND SELECTION PROCESS REMAINS UNCHANGED. COMMONS II LLC 80 EATON STREET MORRISVILLE NY 13408 510205028 DORMITORY OPERATIONS NY 4138665 15325350 N/A MORRISVILLE AUX OF STATE UNIV OF AG & TECH AT MORRISVILLE NY PO BOX 901 MORRISVILLE NY 13408 150560110 NON-PROFIT ORGANIZATION NY 501(C)(3) LINE 7 N/A 0 SUNY MORRISVILLE PO BOX 901 MORRISVILLE NY 134088009 146013200 UNIVERSITY NY 501(C)(3) LINE 2 N/A 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 MORRISVILLE AUXILIARY OF STATE UNIV OF AG & TECH AT MORRISVILLE NY & SUBS L 1094000 CASH MORRISVILLE AUXILIARY OF STATE UNIV OF AG & TECH AT MORRISVILLE NY & SUBS Q 95439 CASH SUNY MORRISVILLE P 16873 CASH SUNY MORRISVILLE D 120000 CASH