Faculty Association Of Adirondack Community College
- Assets
- $210.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Queensbury, NY
- Founding
- 10/2004
- Data as of
- 08/2023
- EIN
- 14-1732103
Organization Overview
Faculty Association Of Adirondack Community College is located in Queensbury, NY. The organization was established in 2004. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty Association Of Adirondack Community College is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Faculty Association Of Adirondack Community College generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $66.2k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ENCOURAGE AND PROVIDE A FRATERNAL SOCIETY FOR THE MEMBERS OF THE FACULTY ASSOCIATION OF ADIRONDACK COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION PROVIDES ASSISTANCE WITH CONTRACT NEGOTIATIONS, GRIEVANCES & ARBITRATION TO ITS APPROXIMATELY 100 FULL-TIME AND 30 PART-TIME MEMBERS. IT SPONSORS SOCIAL ACTIVITIES/MEETINGS FOR ITS MEMBERS TO FACILITATE COMMUNICATIONS & PROBLEM RESOLUTION.
THE ASSOCIATION PROVIDES ASSISTANCE WITH CONTRACT NEGOTIATIONS, GRIEVANCES & ARBITRATION TO ITS MEMBERS. IT SPONSORS SOCIAL ACTIVITIES/MEETINGS FOR ITS MEMBERS TO FACILITATE COMMUNICATIONS & PROBLEM RESOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Musto President | 3 | $600 | |
Wendy Johnston Vice Preside | 2 | $1,375 | |
Carrie Menard Treasurer | 2 | $1,975 | |
April Teer Secretary | 2 | $1,375 | |
Norbert Rawert Director-Neg | 3 | $4,375 | |
Francene Cicia Director-Mbr | 1.5 | $726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $39,382 |
| Investment income | $6,871 |
| Gain or Loss | -$19,170 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,327 |
| Professional fees and other payments to independent contractors | $54,979 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,887 |
| Total expenses | $66,193 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,926 |
| Other assets | $0 |
| Total assets | $210,926 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,926 |