Hudson Valley Community College Foundation Inc

Organization Overview

Hudson Valley Community College Foundation Inc is located in Troy, NY. The organization was established in 1983. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hudson Valley Community College Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Valley Community College Foundation 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 06/2021, Hudson Valley Community College Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING THE MISSION, THE STUDENTS, AND THE ALUMNI OF THE HUDSON VALLEY COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT FOR COLLEGE INITIATIVES, SCHOLARSHIPS, AND RELATED COSTS.


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Board, Officers & Key Employees

Name (title)Compensation
Regina S Lagatta
Executive Director
$98,775
Frank C Sarratori
Board Chairperson
$0
Richard M Amadon Jr
Treasurer
$0
Mark Mitchell
Co-Vice Chairperson
$0
Kelly Klopfer
Co-Vice Chairperson
$0
Cory A Martin
Co-Treasurer
$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$1,441,798
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,441,798
Total Program Service Revenue$0
Investment income $105,892
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $94,463
Net Income from Fundraising Events $24,226
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,666,379

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hudson Valley Community College Foundation Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Make Great Things Happen Foundation

Clifton Park, NY

PURPOSE: SUPPORT EDUCATIONAL PROGRAMMING AT HUDSON VALLEY COMMUNITY COLLEGE

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,618,041
Earnings$1,485,608
Net Contributions$62,941
Other Expense$254,331
Ending Balance$6,912,259

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