Faculty Student Association State University College At Fredonia Inc
- Assets
- $20.4m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 486
- Location
- Fredonia, NY
- Founding
- 12/1953
- Data as of
- 05/2022
- EIN
- 16-0728535
Organization Overview
Faculty Student Association State University College At Fredonia Inc is located in Fredonia, NY. The organization was established in 1953. 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 State University College At Fredonia Inc employed 486 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty Student Association State University College At Fredonia 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 State University College At Fredonia Inc generated $15.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $12.6m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND PROVIDE APPROPRIATE GOODS AND SERVICES WHICH MAY NOT BE OTHERWISE PROVIDED BY THE STATE OF NEW YORK. CENTRAL TO THIS EFFORT IS THE ABILITY TO RECOGNIZE THE VARIETY AND DYNAMIC NATURE OF THE POPULATION INVOLVED IN AN ATTEMPT TO MAXIMIZE CUSTOMER SATISFACTION WHILE MAINTAINING THE FINANCIAL INTEGRITY OF THE ORGANIZATION.
Describe the Organization's Program Activity:
FSA DINING SERVICES - MANAGES SELF-OPERATED, DIVERSE, STATE-OF-THE-ART, DINING FACILITIES OFFERING A VARIETY OF FOOD CHOICES FOR THE STUDENTS, FACULTY, AND STAFF OF SUNY FREDONIA. DINING FACILITIES INCLUDE ONE ALL-YOU-CARE-TO-EAT CAFETERIA, TWO A'LA CARTE FACILITIES, AND TWO RETAIL CAFES OFFERING SPECIALTY SELECTIONS. FSA DINING ALSO OPERATES A PROFESSIONAL CATERING DEPARTMENT.
UNIVERSITY BOOKSTORE - CARRIES A WIDE SELECTION OF NEW AND USED TEXTBOOKS, FICTION, AND NON-FICTION TRADE BOOKS, AND CAN SPECIAL ORDER BOOKS THAT ARE NOT FOUND ON THE SHELVES. THE BOOKSTORE ALSO CARRIES AN ASSORTMENT OF FREDONIA MERCHANDISE INCLUDING CLOTHING, GIFTWARE, AND SCHOOL SUPPLIES, AS WELL AS MAGAZINES, CD'S, DVD'S, GREETING CARDS, STATIONARY AND ART SUPPLIES. THE CONVENIENCE STORE CARRIES SUNDRIES AND TRADITIONAL SNACKS, BEVERAGES, AND FOOD ITEMS. THE BOOKSTORE ALSO OPERATES A FULL-SCALE LICENSED STARBUCKS COFFEE SHOP, A TIM HORTON'S FRANCHISE, AND A GRAB-AND-GO MINI CONVENIENCE KIOSK.
OTHER PROGRAM SERVICES - ANY INCOME AFTER OPERATING EXPENSES AND FUNDING REQUIREMENTS ARE USED TO BENEFIT THE UNIVERSITY BY SUPPORTING NUMEROUS CAMPUS PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Schulz Executive Director | Officer | 40 | $139,724 |
Matthew Snyder Assoc Exec Director/controller | Officer | 40 | $125,739 |
Christopher Zenns Director Of Retail Operations | 40 | $104,621 | |
Dr Judy Langworthy Alt. Vice President | OfficerTrustee | 1 | $0 |
Nyles Panus Treasurer | OfficerTrustee | 1 | $0 |
Michael Metzger President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,927,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,927,269 |
| Total Program Service Revenue | $11,732,785 |
| Investment income | $104,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,962,919 |
| 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. | $265,463 |
| Compensation of current officers, directors, key employees. | $58,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,357,664 |
| Pension plan accruals and contributions | $381,024 |
| Other employee benefits | $937,393 |
| Payroll taxes | $289,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,206 |
| 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 | $473,490 |
| Advertising and promotion | $6,230 |
| Office expenses | $0 |
| Information technology | $34,904 |
| Royalties | $151,458 |
| Occupancy | $458,348 |
| Travel | $1,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651,366 |
| Insurance | $128,804 |
| All other expenses | $485,217 |
| Total functional expenses | $12,615,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,655,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,365,609 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $594,736 |
| Prepaid expenses and deferred charges | $93,762 |
| Net Land, buildings, and equipment | $4,547,585 |
| Investments—publicly traded securities | $8,150,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,552 |
| Total assets | $20,429,854 |
| Accounts payable and accrued expenses | $1,379,201 |
| Grants payable | $0 |
| Deferred revenue | $10,262 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $830,985 |
| 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 | $1,628,673 |
| Total liabilities | $3,849,121 |
| Net assets without donor restrictions | $16,580,733 |
| Net assets with donor restrictions | $0 |
| 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 | $20,429,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faculty Student Association State University College At Fredonia Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: Pass-through Contribution | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
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 |