Cornell Daily Sun Alumni Association Inc
- Assets
- $654.5k
- Revenue
- $183.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 13-4159426
Organization Overview
Cornell Daily Sun Alumni Association Inc is located in Ithaca, NY. The organization was established in 2001. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornell Daily Sun Alumni Association 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 12/2021, Cornell Daily Sun Alumni Association Inc generated $183.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $165.7k during the year ending 12/2021. While expenses have increased by 7.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE & FOSTER THE TRAINING OF STUDENT JOURNALISTS WORKING AT THE CORNELL DAILY SUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST AND SUPPORT STUDENTS WORKING AT THE CORNELL DAILY SUN BY ACQUIRING, RENOVATING AND MAINTAINING REAL PROPERTY FOR OCCUPANCY BY THE SUN.
ADVISE STUDENTS ABOUT EDITORIAL CONTENT, STORY IDEAS, AND BUSINESS ISSUES FOR THE CORNELL DAILY SUN.
SPONSOR CONFERENCES AND MEETINGS BETWEEN SUN ALUMNI AND STUDENTS CONCERNING CAREERS IN JOURNALISM AND OTHER FIELDS.
PROVIDE MENTOR RELATIONSHIPS FOR STUDENTS WORKING AT THE CORNELL DAILY SUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schroeder Director | Trustee | 10 | $20,000 |
Stanley D Chess President | OfficerTrustee | 10 | $0 |
Kathleen Frankovic Treasurer | OfficerTrustee | 1 | $0 |
Robert Platt Secretary | OfficerTrustee | 2 | $0 |
Jay Branegan Vice President | Officer | 2 | $0 |
Charles Sennet Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,957 |
| Total Program Service Revenue | $44,153 |
| Investment income | $39 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,146 |
| 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. | $20,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,091 |
| Advertising and promotion | $768 |
| Office expenses | $1,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,723 |
| 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 | $11,603 |
| Insurance | $9,083 |
| All other expenses | $0 |
| Total functional expenses | $165,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,264 |
| Savings and temporary cash investments | $126,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $458,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,542 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $5,142 |
| Total liabilities | $5,142 |
| Net assets without donor restrictions | $549,400 |
| Net assets with donor restrictions | $100,000 |
| 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 | $654,542 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cornell Daily Sun Alumni Association Inc has recieved totaling $14,287.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,575 |
The Midvale Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Arnold Salter Family Foundation Portland, OR PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |