Nonprofit · EIN 23-7066616
PURCHASE COLLEGE FOUNDATION
Tax-exempt · PURCHASE, NY 10577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,709,166 | $6,795,864 | $913,302 | $107,403,842 | $13,023,989 | $94,379,853 |
| June 30, 2024 | 990 | $3,222,090 | $7,467,350 | -$4,245,260 | $101,750,121 | $11,930,296 | $89,819,825 |
| June 30, 2023 | 990 | $3,221,299 | $5,986,461 | -$2,765,162 | $96,828,921 | $11,345,788 | $85,483,133 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,035,720
- of which government grants
- $40,000
- Program service revenue
- $289,811
- Investment income
- $5,383,635
- Net gain from sales of assets
- $3,227,658
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,904,765
- Other salaries and wages
- $2,615,778
- Salaries, compensation and benefits (total)
- $2,615,778
- Professional fundraising fees
- $0
- Legal fees
- $11,217
- Accounting fees
- $77,000
- Travel
- $55,144
- Program services (functional)
- $5,309,034
- Management and general (functional)
- $645,570
- Fundraising (functional)
- $841,260
Balance sheet and other
- Total assets, start of year
- $101,750,121
- Total assets, end of year
- $107,403,842
- Total liabilities, end of year
- $13,023,989
- Net assets, end of year
- $94,379,853
- Publicly traded securities
- $67,500,195
- Net assets without donor restrictions
- $11,590,356
- Net assets with donor restrictions
- $82,789,497
- Gross receipts
- $40,246,386
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1969
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUELLEN PELUSO | CHAIR Trustee or director, Officer | 1 | $0 |
| CLIFFORD ARONSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES DUBIN | TRUSTEE Trustee or director | 1 | $0 |
| SEBNEM ERIM | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL FONSECA | TRUSTEE Trustee or director | 1 | $0 |
| VICKI GILLESPIE | TRUSTEE Trustee or director | 1 | $0 |
| GERI PELL | TRUSTEE Trustee or director | 1 | $0 |
| JASON SOTO | EX-OFFICIO (NON-VOTING) Trustee or director | 15 | $0 |
| JUDITH A RIGGS | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBRA ROTH | TRUSTEE Trustee or director | 1 | $0 |
| GERHARD SEEBACHER | TRUSTEE Trustee or director | 1 | $0 |
| PETER J WISE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MILAGROS PENA | EX-OFFICIO (NON-VOTING) Trustee or director | 1 | $0 |
| PAUL ZUKOWSKY | EX-OFFICIO (NON-VOTING) Trustee or director | 1 | $0 |
| REED ELFENBEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY MOSKOWITZ | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCILLE WERLINICH | CHAIR EMERITA Trustee or director | 1 | $0 |
| DAVID FLEISHER | TRUSTEE Trustee or director | 1 | $0 |
| SUELLEN PELUSO | CHAIR Trustee or director, Officer | 1 | $0 |
| CLIFFORD ARONSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES DUBIN | TRUSTEE Trustee or director | 1 | $0 |
| SEBNEM ERIM | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL FONSECA | TRUSTEE Trustee or director | 1 | $0 |
| VICKI GILLESPIE | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM KLINGENSTEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICHARD A MUSKUS JR | TRUSTEE Trustee or director | 1 | $0 |
| GERI PELL | TRUSTEE Trustee or director | 1 | $0 |
| JASON SOTO | EX-OFFICIO (NON-VOTING) Trustee or director | 15 | $0 |
| JUDITH A RIGGS | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBRA ROTH | TRUSTEE Trustee or director | 1 | $0 |
| GERHARD SEEBACHER | TRUSTEE Trustee or director | 1 | $0 |
| PETER J WISE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MILAGROS PENA | EX-OFFICIO Trustee or director | 3 | $0 |
| AMANDA WALKER | EX-OFFICIO (NON-VOTING) Trustee or director | 15 | $0 |
| PAUL ZUKOWSKY | EX-OFFICIO (NON-VOTING) Trustee or director | 1 | $0 |
| REED ELFENBEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROY MOSKOWITZ | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCILLE WERLINICH | CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID FLEISHER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SUELLEN PELUSO | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CLIFFORD ARONSON | TRUSTEE Trustee or director | 1 | $0 |
| UMRAN BEBA | TRUSTEE Trustee or director | 1 | $0 |
| JAMES DUBIN | TRUSTEE Trustee or director | 1 | $0 |
| SEBNEM ERIM | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL FONSECA | TRUSTEE Trustee or director | 1 | $0 |
| VICKI GILLESPIE | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM KLINGENSTEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICHARD A MUSKUS JR | TRUSTEE Trustee or director | 1 | $0 |
| GERI PELL | TRUSTEE Trustee or director | 1 | $0 |
| JOHN RAMBERG | TRUSTEE Trustee or director | 1 | $0 |
| JUDITH A RIGGS | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBRA ROTH | TRUSTEE Trustee or director | 1 | $0 |
| GERHARD SEEBACHER | TRUSTEE Trustee or director | 1 | $0 |
| PETER J WISE | TRUSTEE Trustee or director | 1 | $0 |
| MILAGROS PENA | EX-OFFICIO Trustee or director | 3 | $0 |
| AMANDA WALKER | EX-OFFICIO (NON-VOTING) Trustee or director | 15 | $0 |
| PAUL ZUKOWSKY | EX-OFFICIO (NON-VOTING) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 735 ANDERSON HILL RD, PURCHASE, NY 10577-1402
- In care of
- % TREASURER
- Principal officer (990 for 2024)
- SUELLEN MCAVOY PELUSO, 735 ANDERSON HILL ROAD, PURCHASE, NY 10577
- Signed the 990
- SUELLEN MCAVOY PELUSO, BOARD CHAIR
- Phone
- (914) 251-6045
- Return prepared by
- BONADIO & CO LLP
Mission
THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION OF LITERATURE, HISTORY, VISUAL AND PERFORMING ARTS, SCIENCE AND OTHER DEPARTMENTS OF EDUCATION AT THE STATE UNIVERSITY OF NEW YORK AT PURCHASE.
Program accomplishments
- INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORORATIONS. DURING THE 2024-2025 ACADEMIC YEAR, 521 STUDENTS WERE RECIPIENTS OF SCHOLARSHIPS FROM THE PURCHASE COLLEGE FOUNDATION.Expenses $1,904,765 · grants $1,904,765
- THE FOUNDATION PROVIDED RESOURCES IN ORDER TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY, AID IN CURRICULUM ENHANCEMENT AND SUPPORT PUBLIC LECTURES WHICH PROVIDE OPPORTUNITIES FOR STUDENTS AND LOCAL COMMUNITY MEMBERS ALIKE TO INTERACT WITH EXPERTS IN VARIOUS DISCIPLINES.Expenses $1,881,904
- THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTERGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 16,900 VISITORS ATTEND THE MUSEUM EACH YEAR.Expenses $1,248,638 · revenue $13,721
- OTHER PROGRAM SERVICESExpenses $273,727
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7066616
- 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
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $107,403,842
- Income (IRS master file)
- $40,246,386
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,709,166 | $6,795,864 | $107,403,842 | XML |
| 990 | June 2024 | $3,222,090 | $7,467,350 | $101,750,121 | XML |
| 990 | June 2023 | $3,221,299 | $5,986,461 | $96,828,921 | XML |
| 990 | June 2022 | $10,823,591 | $5,032,239 | $93,577,892 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 23-7066616).
Questions about PURCHASE COLLEGE FOUNDATION
- What is the EIN of PURCHASE COLLEGE FOUNDATION?
- The employer identification number (EIN) of PURCHASE COLLEGE FOUNDATION is 23-7066616.
- Is PURCHASE COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to PURCHASE COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURCHASE COLLEGE 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 PURCHASE COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURCHASE COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PURCHASE COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names SUELLEN MCAVOY PELUSO.
- Who are the officers and directors of PURCHASE COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does PURCHASE COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,709,166, expenses of $6,795,864 and total assets of $107,403,842 at year end.
Other nonprofits in PURCHASE
- MANHATTANVILLE COLLEGE EIN 13-1740469 · last filed 990 for 2025
- MASTERCARD IMPACT FUND EIN 82-4717403 · last filed 990-PF for 2024
- KEIO ACADEMY OF NEW YORK EIN 13-3520250 · last filed 990 for 2025
- PURCHASE COLLEGE ASSOCIATION INC SUNY COLLEGE AT PURCHASE EIN 13-3024624 · last filed 990 for 2025
- PURCHASE HOUSING CORPORATION II EIN 82-1262347 · last filed 990 for 2025
- HUAXIA CHINESE ACADEMY OF GREATER NEW YORK EIN 46-0706392 · last filed 990 for 2025
- THE GEORGE WASHINGTON INSTITUTE FOR RELIGIOUS FREEDOM EIN 27-1290262 · last filed 990-PF for 2024
- 1898 FOUNDATION INC EIN 82-3903009 · last filed 990 for 2024