Faculty Student Association At Downstate Medical Center Inc
- Assets
- $2.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Brooklyn, NY
- Founding
- 10/1952
- Data as of
- 05/2022
- EIN
- 11-1704590
Organization Overview
Faculty Student Association At Downstate Medical Center Inc is located in Brooklyn, NY. The organization was established in 1952. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 05/2022, Faculty Student Association At Downstate Medical Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty Student Association At Downstate Medical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Faculty Student Association At Downstate Medical Center Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $3.7m during the year ending 05/2022. While expenses have increased by 30.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER, INC. ("THE ASSOCIATION") IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO ESTABLISH, OPERATE, MANAGE, PROMOTE, AND CULTIVATE EDUCATIONAL ACTIVITIES AND RELATIONSHIPS INCIDENTAL THERETO BY, BETWEEN, AND AMONG THE STUDENTS AND THE FACULTY OF SUNY DOWNSTATE AND TO AID THE STUDENTS, FACULTY, AND ADMINISTRATION OF SUNY DOWNSTATE IN THE FURTHERANCE OF THEIR EDUCATION AND STUDIES, WORK, LIVING AND CO-CURRICULAR ACTIVITIES INCIDENTAL THERETO, IN COLLABORATION AND COORDINATION WITH THE EDUCATIONAL GOALS OF SUNY DOWNSTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES VARIOUS AUXILIARY SERVICES TO THE SUNY DOWNSTATE HEALTH SCIENCES UNIVERSITY (SUNY DOWNSTATE)COMMUNITY, INCLUDING BUT NOT LIMITED TO STUDENTS, FACULTY AND STAFF. THE SERVICES INCLUDE FOOD SERVICE, VENDING, PARKING, ACCOUNTING AND BOOKKEEPING SERVICES, LAUNDRY, STUDENT HEALTH INSURANCE, COMMENCEMENT PHOTOGRAPHY SERVICES, AND HOSPITAL GIFT SHOP. THE ASSOCIATION SERVED APPROXIMATELY 3,500 PEOPLE IN FYE 5/31/2022.
A UNIVERSITY BOOKSTORE PROVIDES GOODS AND SERVICES TO THE SUNY DOWNSTATE COMMUNITY, INCLUDING BUT NOT LIMITED TO STUDENTS, FACULTY AND STAFF. ACADEMIC AND CLINICAL RELATED SUPPLIES, CLOTHING, PARKING PASSES, AND NOVELTIES ARE AVAILABLE FOR SALE IN ADDITION TO THE SALE, RENTAL, AND BUY-BACK OPTIONS FOR NEW AND USED TEXTBOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergio Maffettone Treasurer | OfficerTrustee | 5 | $0 |
Richard Bentley President | OfficerTrustee | 5 | $0 |
Charis Ng Director | Trustee | 0.1 | $0 |
Laura Martello-Rooney Director | Trustee | 0.1 | $0 |
Brigitte Desport Director | Trustee | 0.1 | $0 |
Mark Stewart Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dmc Parking Management Llc Parking Management | 5/30/22 | $1,851,149 |
Demasco Sena & Jahelka Llp Accounting Services | 5/30/22 | $111,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,318 |
| Total Program Service Revenue | $3,354,684 |
| Investment income | $2,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,602 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,694,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,263 |
| Pension plan accruals and contributions | $7,170 |
| Other employee benefits | $58,910 |
| Payroll taxes | $6,072 |
| Fees for services: Management | $7,332 |
| Fees for services: Legal | $9,400 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,383 |
| Advertising and promotion | $0 |
| Office expenses | $17,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35 |
| Insurance | $15,624 |
| All other expenses | $49,194 |
| Total functional expenses | $3,686,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,394 |
| Savings and temporary cash investments | $389,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,486 |
| Prepaid expenses and deferred charges | $450 |
| Net Land, buildings, and equipment | $190,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,041,299 |
| Total assets | $2,207,476 |
| Accounts payable and accrued expenses | $545,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $404,953 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $950,453 |
| Net assets without donor restrictions | $942,552 |
| Net assets with donor restrictions | $314,471 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,207,476 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faculty Student Association At Downstate Medical Center Inc has recieved totaling $184.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Endowment Analysis
| Beg. Balance | $131,923 |
| Ending Balance | $131,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |