Overview
What is The Upstate Foundation Inc?
The Upstate Foundation Inc is a nonprofit organization based in Syracuse, New York, specifically at 750 East Adams Street, 13210. Their primary mission involves receiving and managing charitable donations primarily intended for SUNY Upstate Medical University. This includes funding for scientific and educational awards, scholarships for students and faculty, and healthcare support. The Foundation's purpose extends beyond the university, encompassing charitable causes for education, research, patient care, and community health and wellbeing in the Central New York region.
Official website here: www.upstatefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Upstate Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation excels particularly in its accountability and finance score of 93%, with highlights including an independent board of directors and robust financial oversight measures, demonstrating a commitment to transparency and responsible management of resources.
Strengths include a strong program expense ratio of 77.02%, reflecting a significant portion of funds being allocated directly to its programs, and a minimal fundraising expense of just $0.11 per dollar raised. The organization also showcases a solid financial foundation with a working capital ratio of 15.11 years, ensuring sustainability and the ability to support its mission over the long term.
On the cultural and community front, the foundation scored a perfect 100%, indicating excellent practices in feedback collection and usage. This suggests that the organization is responsive to stakeholder input and fosters an inclusive environment. There are no significant limitations noted in the provided data, reinforcing the organization's positive reputation and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Upstate Foundation Inc legitimate?
The Upstate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Upstate Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.upstatefoundation.org
What is the mission statement of The Upstate Foundation Inc?
The Upstate Foundation Inc is a charitable organization with the primary role of managing and administering donations and bequests. Its mission is geared towards supporting educational, research, patient care, and community health and wellbeing initiatives at SUNY Upstate Medical University. Through its activities, the Foundation provides scientific and educational awards and scholarships to students and faculty, as well as healthcare support. The organization's efforts contribute to enhancing the overall quality of life in the academic and healthcare community.
Official website here: www.upstatefoundation.org
Who is the CEO of The Upstate Foundation Inc?
Gail Mcintyre Cpa is the Vice Chair of The Upstate Foundation Inc.
Official website here: www.upstatefoundation.org
What is the revenue of The Upstate Foundation Inc?
The Upstate Foundation Inc's revenue in 2022 was $16,462,782.
Official website here: www.upstatefoundation.org
Who are the executives of The Upstate Foundation Inc and what are their salaries?
There 200 volunteers at The Upstate Foundation Inc.
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Official website here: www.upstatefoundation.org
Where can I find the form 990 for The Upstate Foundation Inc?
The Upstate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.upstatefoundation.org
Learn more at the official website: www.upstatefoundation.org
Mission Statement of The Upstate Foundation Inc
The Upstate Foundation Inc is a charitable organization dedicated to receiving and administering gifts and bequests primarily intended for Suny Upstate Medical University. With a mission to support education, research, patient care, and community health and wellbeing, The Upstate Foundation Inc plays a significant role in enhancing the capabilities of Suny Upstate Medical University.
Through its charitable endeavors, The Upstate Foundation Inc strives to make a difference in various aspects of life. By managing donations and bequests, the organization provides essential financial resources for causes that align with its mission. These funds contribute to scientific and educational awards and scholarships for students and faculty at Suny Upstate Medical University. By doing so, The Upstate Foundation Inc not only fosters academic growth but also ensures that talented individuals have the opportunity to excel in their chosen fields, ultimately contributing to advancements in healthcare.
Moreover, The Upstate Foundation Inc extends its reach to healthcare support. It manages donations to fund various projects and initiatives that directly improve patient care and overall community health and wellbeing. By doing so, The Upstate Foundation Inc plays a pivotal role in enriching the healthcare ecosystem and ensuring that healthcare services remain accessible and innovative.
In summary, The Upstate Foundation Inc serves as a vital bridge between generous donors and worthy causes within Suny Upstate Medical University. Its mission to receive and administer charitable donations for education, research, patient care, and community health and wellbeing, demonstrates its commitment to creating a positive impact on the lives of many.
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Impact
October, 2024
The Upstate Foundation Inc plays a vital role in promoting education, research, and healthcare support within the Central New York region, specifically benefiting SUNY Upstate Medical University. Through the administration of gifts and bequests, the foundation directly enhances the academic and professional landscape for students and faculty by providing scientific and educational awards and scholarships.
By focusing on charitable purposes such as patient care and community health and wellbeing, the organization fosters advancements in medical research and education that ultimately contribute to improved health outcomes for the community. The foundation's initiatives not only support the growth and development of future healthcare professionals but also ensure that vital healthcare resources and services are accessible to those in need. In doing so, The Upstate Foundation Inc strengthens the ties between education, healthcare, and community welfare, making a significant impact on both individual lives and the broader societal fabric.
This information is meant to be a general summary of The Upstate Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,615,753
- Gross Receipts: $19,360,886
Assets and Liabilities:
- Total Assets: $222,964,780
- Total Liabilities: $75,392,178
- Net Assets: $147,572,602
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Organization Details
Founding Year
1976
Phone
(315) 464-4416Principal Officer
Gail Mcintyre Cpa
Main Address
750 EAST ADAMS STREET, SYRACUSE, NY, 13210
Website
www.upstatefoundation.orgNTEE Category
Code: P20 - Human services
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