Geneseo Foundation Inc

Organization Overview

Geneseo Foundation Inc is located in Geneseo, NY. The organization was established in 1971. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Geneseo Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geneseo 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, Geneseo Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.5m 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

THE GENESEO FOUNDATION PROVIDES FINANCIAL SUPPORT, LEADERSHIP AND ADVOCACY TO THE COLLEGE COMMUNITY WHILE FOSTERING ENGAGEMENT TO ENHANCE THE UNIQUE GENESEO EXPERIENCE AND BUILD AN ENDOWMENT FOR THE FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GENESEO FOUNDATION PROVIDED SCHOLARSHIPS TOTALING $860,906. EXAMPLES INCLUDE MERIT SCHOLARSHIPS FOR OUTSTANDING STUDENTS, MINORITY SCHOLARSHIPS AND ASSISTANTSHIPS AND PROFESSORSHIPS.


THE GENESEO FOUNDATION PROVIDED GRANTS TOTALING $113,582. EXAMPLES INCLUDE RESEARCH AND PROFESSIONAL TRAVEL GRANTS FOR FACULTY AND STAFF AND STUDENT UNDERGRADUATE RESEARCH GRANTS.


COLLEGE ACTIVITIES WERE SUPPORTED BY THE GENESEO FOUNDATION TO ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AND CAMPUS LIFE. EXAMPLES INCLUDE PROFESSIONAL CONFERENCES/CONVENTIONS/MEETINGS, PURCHASES OF EQUIPMENT FOR CAMPUS IMPROVEMENT PROJECTS, SUPPORT FOR SPEAKERS AND GUEST LECTURERS, MEMBERSHIP FEES, PURCHASES OF PROFESSIONAL PUBLICATIONS AND PRINTING OF CAMPUS PUBLICATIONS, NEWSLETTERS AND BROCHURES, RECEPTIONS FOR LECTURERS,INTERNSHIP PRESENTATIONS, FACULTY/STUDENT AWARD PROGRAMS, AND MINORITY STUDENT PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
John A Gleason
Chair
$0
Clare M Cusack
Secretary
$0
Robert Murray
Treasurer
$0
Robert Walley
Vice Chair
$0
Ellen Leverich
Executive Director
$0
Michael C Barkman
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $45,060
All other contributions, gifts, grants, and similar amounts not included above$2,820,745
Noncash contributions included in lines 1a–1f $110,525
Total Revenue from Contributions, Gifts, Grants & Similar$2,865,805
Total Program Service Revenue$75,472
Investment income $119,834
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,051,754
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,112,865

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Geneseo Foundation Inc has recieved totaling $1,320,364.

Awarding OrganizationAmount
Suny Impact Foundation Inc

New York, NY

PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS

$1,153,780
Undergraduate Student Assoc Of The State University College At Genese

Geneseo, NY

PURPOSE: TRAVEL, RESEARCH AND CREATIVITY (TRAC) GRANT

$50,000
$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$18,376
Gustave A & Geraldine Werner Foundation

Tampa, FL

PURPOSE: TUITIONSCHOLARSHIP

$17,854
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$15,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,597,804
Earnings$9,098,092
Net Contributions$1,046,068
Other Expense$1,322,413
Ending Balance$38,419,551

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