Empire State College Fdn Inc

Organization Overview

Empire State College Fdn Inc is located in Saratoga Springs, NY. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Empire State College Fdn 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, Empire State College Fdn Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN ADVANCING THE WELFARE AND DEVELOPMENT OF EMPIRE STATE COLLEGE (A UNIT OF THE STATE UNIVERSITY OF NEW YORK), INCLUDING FINANCIAL ASSISTANCE TO STUDENTS, FACULTY, STAFF AND COLLEGE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION GAVE 660 STUDENTS SCHOLARSHIPS, 41 FACULTY DEVELOPMENT AWARDS, 304 AWARDS/GRANTS TO INDIVIDUALS, AND 8 HONORARIA.


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Board, Officers & Key Employees

Name (title)Compensation
Marian Conway PHD
Chair
$0
David Fullard PHD
Secretary
$0
Alexandra Bonitatibus
Treasurer
$0
Sue Epstein PHD
Executive Director
$0
Theodore Bunch
Director
$0
Phillip B Catchings
Director
$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$597,870
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$597,870
Total Program Service Revenue$0
Investment income $826,477
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $253,127
Net Gain/Loss on Asset Sales $1,355,297
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,045,939

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Empire State College Fdn Inc has recieved totaling $132,141.

Awarding OrganizationAmount
Suny Impact Foundation Inc

New York, NY

PURPOSE: NYS TAX CREDIT DONATIONS: VARIOUS

$79,311
Dyson Foundation

Millbrook, NY

PURPOSE: MULTI-YEAR SCHOLARSHIP SUPPORT FOR MID-HUDSON VALLEY ADULT STUDENTS ENROLLED IN SUNY EMPIRE STATE COLLEGE'S NURSING DEGREE PROGRAMS.

$20,000
Dyson Foundation

Millbrook, NY

PURPOSE: MULTI-YEAR SCHOLARSHIP SUPPORT FOR MID-HUDSON VALLEY ADULT STUDENTS ENROLLED IN SUNY EMPIRE STATE COLLEGE'S NURSING DEGREE PROGRAMS.

$20,000
Julia O Wells Memorial Education Foundation Inc

Latham, NY

PURPOSE: COLLEGE GRANT

$7,500
Emss Foundation Inc

Palm Beach Gardens, FL

PURPOSE: GENERAL PURPOSES

$4,000
Philene Foundation

New York, NY

PURPOSE: EDUCATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,971,763
Earnings$5,489,951
Net Contributions$119,955
Other Expense$653,814
Ending Balance$25,927,855

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