Nonprofit · EIN 14-6019650
THE SCHENECTADY FOUNDATION
Tax-exempt · SCHENECTADY, NY 12301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,458,158 | $2,518,678 | $939,480 | $56,001,047 | $1,353,500 | $54,647,547 |
| December 31, 2023 | 990 | $2,957,210 | $2,240,624 | $716,586 | $51,236,167 | $1,547,350 | $49,688,817 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $363,052
- Program service revenue
- $0
- Investment income
- $3,095,106
- Net gain from sales of assets
- $1,550,091
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,611,558
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,292,957
- Management and general (functional)
- $225,721
Balance sheet and other
- Total assets, start of year
- $51,236,167
- Total assets, end of year
- $56,001,047
- Total liabilities, end of year
- $1,353,500
- Net assets, end of year
- $54,647,547
- Net assets without donor restrictions
- $47,186,717
- Net assets with donor restrictions
- $7,460,830
- Gross receipts
- $4,253,130
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1962
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TRUSTCO BANK | TRUSTEE Institutional trustee | 0.5 | $188,697 | $0 | $0 |
| ROBERT CARREAU | EXECUTIVE DIRECTOR AND SEC Officer | 1 | $0 | $168,331 | $14,845 |
| KEY BANK | TRUSTEE Institutional trustee | 0.5 | $26,390 | $0 | $0 |
| SARATOGA NATIONAL BANK | TRUSTEE Institutional trustee | 0.5 | $5,099 | $0 | $0 |
| ALFRED TOMPKINS | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| RAYSHEEA TURNER | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| KIRK LEWIS | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| JOHAN MATTHEWS | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| PAMELA PEARLMAN | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER KENNEALLY | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| OMAYRA PADILLA DEJESUS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MONA GOLUB | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL OZIMEK | ASSISTANT TREASURER Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT CARREAU | EXECUTIVE DIRECTOR AND SEC Officer | 1 | $0 | $155,586 | $17,734 |
| TRUSTCO BANK | TRUSTEE Institutional trustee | 0.5 | $165,903 | $0 | $0 |
| KEY BANK | TRUSTEE Institutional trustee | 0.5 | $23,912 | $0 | $0 |
| SARATOGA NATIONAL BANK | TRUSTEE Institutional trustee | 0.5 | $3,112 | $0 | $0 |
| ALFRED TOMPKINS | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| RAYSHEEA TURNER | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY KILBY | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| JOHAN MATTHEWS | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| PAMELA PEARLMAN | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER KENNEALLY | DISTRIBUTION COMMITTEE MEM Trustee or director | 1 | $0 | $0 | $0 |
| MONA GOLUB | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OMAYRA PADILLA DEJESUS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL OZIMEK | ASSISTANT TREASURER Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 710, SCHENECTADY, NY 12301-0710
- In care of
- % TRUST CO BANK NEW YORK
- Principal officer (990 for 2024)
- ROBERT CARREAU, P O BOX 710, SCHENECTADY, NY 12301
- Signed the 990
- JOHN BRESONIS, INSTITUTIONAL TRUSTEE
- Phone
- (518) 393-9500
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
THE MISSION OF THE SCHENECTADY FOUNDATION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES.
Program accomplishments
- THE SCHENECTADY FOUNDATION DISTRIBUTES FUNDS TO BENEFIT THE WELFARE OF PEOPLE WHO LIVE OR WORK IN SCHENECTADY COUNTY, NY. THE FOUNDATION CONDUCTS A COMPETITIVE GRANT PROGRAM AND AWARDS FUNDS ON THE BASIS OF COMMUNITY NEED, ORGANIZATIONAL CAPACITY AND PROGRAM EFFECTIVENESS. THE FOUNDATION ALSO AWARDS COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS FROM SCHENECTADY COUNTY. DURING 2024, APPROXIMATELY 155,000 INDIVIDUALS WERE SERVED IN SCHENECTADY COUNTY, NY.Expenses $2,292,957 · grants $1,611,558
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-6019650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $56,001,047
- Income (IRS master file)
- $4,253,130
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,458,158 | $2,518,678 | $56,001,047 | XML |
| 990 | December 2023 | $2,957,210 | $2,240,624 | $51,236,167 | XML |
| 990 | December 2022 | $1,792,002 | $2,418,619 | $45,821,219 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-6019650).
Questions about THE SCHENECTADY FOUNDATION
- What is the EIN of THE SCHENECTADY FOUNDATION?
- The employer identification number (EIN) of THE SCHENECTADY FOUNDATION is 14-6019650.
- Is THE SCHENECTADY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to THE SCHENECTADY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SCHENECTADY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE SCHENECTADY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SCHENECTADY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE SCHENECTADY FOUNDATION?
- The 990 for the year ended December 31, 2024 names ROBERT CARREAU.
- Who are the officers and directors of THE SCHENECTADY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 3 received compensation from the organization, the highest $188,697 (TRUSTCO BANK, TRUSTEE).
- How much revenue does THE SCHENECTADY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,458,158, expenses of $2,518,678 and total assets of $56,001,047 at year end.
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- SONS OF ITALY IN AMERICA EIN 01-0676716 · last filed 990 for 2024
- HARADEN FAMILY FOUNDATION INC EIN 83-3990015 · last filed 990-PF for 2025
- SCHENECTADY CITY SCHOOL DISTRICT EDUCATIONAL FOUNDATION INC EIN 14-1804267 · last filed 990 for 2025
- LISBEN CHARITABLE FOUNDATION INC EIN 58-2395697 · last filed 990-PF for 2025
- PLAY IT FOREWARD 518 INC EIN 47-3963246 · last filed 990-EZ for 2024
All nonprofits in SCHENECTADY · New York · Philanthropy, voluntarism and grantmaking foundations