Overview
What is Suny New Paltz Foundation Inc?
Suny New Paltz Foundation Inc is a nonprofit organization committed to enhancing and enriching the academic, cultural, professional, and community programs at SUNY New Paltz. Located in New Paltz, New York, the foundation's primary mission is to promote a positive public image of the university, foster relationships with alumni, and increase financial support for SUNY New Paltz's programs. The foundation achieves this by fostering programmatic excellence, academic achievement, scholarly research, and scholarships. In the 2021-2022 academic year, 415 students received scholarships or awards from the foundation, and 20 new annual and endowed scholarships were established to support the college's recruitment and retention efforts and experiential learning opportunities. Additionally, the Student Crisis Grant Fund provided financial assistance to 14 students facing unexpected financial hardships that could impact their education. During the COVID-19 pandemic, the foundation maintained an increased maximum award amount of $1,000 and expanded the allowable support to include assistance accessing food. The Suny New Paltz Foundation aims to provide a margin of excellence for the college community, expanding teaching, learning, and discovery at SUNY New Paltz and serving as a hub of cultural, economic, and social innovation in the Hudson Valley.
Official website here: www.newpaltz.edu/give
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Suny New Paltz Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The foundation's high score of 97% is a testament to its effective oversight practices, with an independent board comprising 100% members, ensuring transparency and ethical governance.
Notably, the foundation excels in its program expense ratio, allocating over 80% of its resources directly to its mission-driven programs. Furthermore, its fundraising efficiency ratio indicates that it operates with minimal costs, raising significant funds relative to its expenditures. The organization also demonstrates robust financial health, with a low liabilities to assets ratio and an extensive working capital ratio, indicating a stable financial position.
While the foundation demonstrates strong practices in governance and financial oversight, the data does not highlight any specific programs or initiatives. This absence may limit potential donors' understanding of the foundation's impact, suggesting a need for more visibility regarding its direct contributions to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Suny New Paltz Foundation Inc legitimate?
Suny New Paltz Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suny New Paltz 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.
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For more financial information, click here
Official website here: www.newpaltz.edu/give
What is the mission statement of Suny New Paltz Foundation Inc?
The Suny New Paltz Foundation Inc was established with the purpose of enhancing and enriching the academic, cultural, professional, and community programs at Suny New Paltz. Its role includes promoting a positive public image of the institution, fostering positive relationships with alumni, and increasing financial support for Suny New Paltz and its programs. The foundation strives to provide a margin of excellence for the college community by utilizing donations to expand teaching, learning, and discovery on campus, making it a hub of innovation in the Hudson Valley. Scholarships are a significant way donors impact New Paltz students, providing financial aid for tuition and enrichment opportunities such as study abroad, research, internships, and honors. In the 2021-2022 academic year, 415 students received scholarships/awards from the foundation, and twenty new annual and endowed scholarships were established to support the college's recruitment and retention efforts and experiential learning opportunities. The student crisis grant fund, which assists students facing unexpected financial hardships, also disbursed funds to 14 students during this period. In response to the ongoing COVID-19 struggles, the foundation increased the maximum award amount from $500 to $1,000 and expanded the allowable support to include assistance accessing food.
Official website here: www.newpaltz.edu/give
Who is the CEO of Suny New Paltz Foundation Inc?
Erica Marks is the Chair of Suny New Paltz Foundation Inc.
Official website here: www.newpaltz.edu/give
What is the revenue of Suny New Paltz Foundation Inc?
Suny New Paltz Foundation Inc's revenue in 2022 was $4,407,020.
Official website here: www.newpaltz.edu/give
Who are the executives of Suny New Paltz Foundation Inc and what are their salaries?
There 31 volunteers at Suny New Paltz Foundation Inc.
Here are 27 key members and their salaries:
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Official website here: www.newpaltz.edu/give
Where can I find the form 990 for Suny New Paltz Foundation Inc?
Suny New Paltz Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newpaltz.edu/give
Learn more at the official website: www.newpaltz.edu/give
Mission Statement of Suny New Paltz Foundation Inc
Suny New Paltz Foundation Inc, established with the objective of enhancing and enlivening the academic, cultural, professional, and community programs at SUNY New Paltz, plays a crucial role in promoting a positive public image of the institution within the region. The foundation's main mission is to foster positive relationships with SUNY New Paltz alumni and increase financial support for the university and its programs. By fostering programmatic excellence, academic achievement, scholarly research, and scholarships, Suny New Paltz Foundation Inc aims to elevate the teaching, learning, and discovery that take place on campus.
This nonprofit organization works tirelessly to provide a margin of excellence for the college community at SUNY New Paltz. Gifts to Suny New Paltz Foundation Inc contribute to expanding the educational opportunities available to students, allowing the institution to serve as a hub of cultural, economic, and social innovation in the Hudson Valley. Scholarships, in particular, are a direct way for donors to impact the lives of New Paltz students, providing financial aid for tuition and funding for applied learning opportunities such as study abroad, research, internships, and honors. In the academic year 2021-2022, 415 students received scholarships or awards from the foundation, and twenty new annual and endowed scholarships were established to support the college's recruitment and retention efforts and experiential learning opportunities.
The Suny New Paltz Foundation Inc also offers a Student Crisis Grant Fund to assist students facing unpredictable financial hardship that could interfere with their education. In response to the ongoing struggles brought about by the COVID-19 pandemic, the foundation increased the maximum award amount from $500 to $1,000 and expanded the allowable support to include help accessing food. This demonstrates the foundation's commitment to ensuring that no student's education is compromised due to financial difficulties. In summary, Suny New Paltz Foundation Inc is dedicated to supporting SUNY New Paltz and its students by fostering programmatic excellence, academic achievement, scholarly research, and scholarships, as well as offering financial assistance to those in need.
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Impact
October, 2024
The SUNY New Paltz Foundation Inc significantly enhances the academic and cultural experience at SUNY New Paltz, positively shaping both the campus and the wider community. By providing critical financial support, the foundation ensures that students can access scholarships, which directly impact their ability to pursue higher education. In the academic year 2021-2022 alone, 415 students benefited from various scholarships and awards, including funds from the Student Crisis Grant Fund designed to assist those experiencing unforeseen financial hardships. This comprehensive support not only alleviates the pressure of tuition costs but also opens doors for applied learning opportunities such as study abroad and internships, enriching the overall student experience.
Moreover, the foundation plays a pivotal role in fostering a positive public image of SUNY New Paltz, strengthening ties with alumni, and encouraging ongoing financial support for the college’s diverse programs. By establishing new scholarships and increasing award amounts, especially amid the challenges posed by COVID-19, the foundation helps to ensure that students are not only recruited but also retained, thereby contributing to a thriving educational environment. Ultimately, the SUNY New Paltz Foundation Inc helps position the college as a beacon of cultural, economic, and social innovation in the Hudson Valley, promoting excellence in teaching, learning, and discovery.
This information is meant to be a general summary of Suny New Paltz 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: $1,805,648
- Gross Receipts: $10,640,460
Assets and Liabilities:
- Total Assets: $47,545,812
- Total Liabilities: $1,188,518
- Net Assets: $46,357,294
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Organization Details
Founding Year
1976
Phone
(845) 257-3232Principal Officer
Erica Marks
Main Address
1 HAWK DRIVE, NEW PALTZ, NY, 125612443
Website
www.newpaltz.edu/giveNTEE Category
Code: B42 - Education
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