Overview
What is State University Of Ny College At Farmingdale Foundation?
The State University of New York College at Farmingdale Foundation is a nonprofit organization situated in Farmingdale, New York. Their primary goal is to collect donations and utilize them to enhance educational opportunities and related services for students, faculty, and staff at Farmingdale State College. They are committed to furthering the educational purposes, welfare, and development of the college, as their mission suggests. The foundation disburses these funds solely for this purpose, aiming to supplement areas that may not be adequately funded.
Official website here: www.farmingdale.edu/president/developm
What are the reviews and ratings of this charity?
Charity Navigator rates the State University Of Ny College At Farmingdale Foundation with an impressive Four-Star out of Four Star rating, reflecting a strong overall score of 95%. This high rating indicates the foundation's commitment to accountability and financial transparency, as evidenced by its perfect scores in various areas, such as independent board membership and financial oversight. The foundation demonstrates effective practices and a robust financial structure, with a low liabilities to assets ratio and a high program expense ratio.
Strengths include a fully independent board, effective fundraising efficiency, and excellent constituent feedback practices, achieving top scores in feedback collection and usage. Such metrics suggest that the foundation not only engages with its community effectively but also utilizes that feedback to enhance its operations. Its financial health is further underscored by a remarkable working capital ratio, indicating long-term sustainability.
However, while the foundation excels in many areas, there are some limitations noted in its equity data, scoring lower than its other metrics. Although it has established equity strategies, improvements could be made in developing comprehensive equity policies and processes. Overall, the foundation showcases a strong commitment to its mission and a solid operational framework, yet there is room for growth in equity-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is State University Of Ny College At Farmingdale Foundation legitimate?
State University Of Ny College At Farmingdale Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. State University Of Ny College At Farmingdale Foundation 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.farmingdale.edu/president/developm
What is the mission statement of State University Of Ny College At Farmingdale Foundation?
The State University of New York (SUNY) College at Farmingdale Foundation's mission is to encourage and receive donations for the purpose of advancing the educational objectives, welfare, and development of Farmingdale State College. The foundation primarily disburses these donations to support campus programs that provide educational services to students, faculty, and staff, particularly in areas not adequately funded. The aim is to enhance the educational experiences at Farmingdale State College. The foundation plays a crucial role in supplementing educational resources, thereby contributing to the overall growth and development of the college community.
Official website here: www.farmingdale.edu/president/developm
Who is the CEO of State University Of Ny College At Farmingdale Foundation?
Robert L Van Nostrand is the Director of State University Of Ny College At Farmingdale Foundation.
Official website here: www.farmingdale.edu/president/developm
What is the revenue of State University Of Ny College At Farmingdale Foundation?
State University Of Ny College At Farmingdale Foundation's revenue in 2023 was $5,267,893.
Official website here: www.farmingdale.edu/president/developm
Who are the executives of State University Of Ny College At Farmingdale Foundation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.farmingdale.edu/president/developm
Where can I find the form 990 for State University Of Ny College At Farmingdale Foundation?
State University Of Ny College At Farmingdale Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.farmingdale.edu/president/developm
Learn more at the official website: www.farmingdale.edu/president/developm
Mission Statement of State University Of Ny College At Farmingdale Foundation
The State University of New York College at Farmingdale Foundation's mission is to encourage, solicit, and accept donations with the sole intention of advancing the educational purposes, welfare, and development of Farmingdale State College. This nonprofit organization utilizes these gifts to disburse funds exclusively for educational-related services, aimed at supporting students, faculty, and staff whose initiatives may not be adequately funded. By providing educational-related services, the State University of New York College at Farmingdale Foundation plays a crucial role in enhancing the overall educational experience at Farmingdale State College.
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Impact
October, 2024
The State University of NY College at Farmingdale Foundation plays a vital role in enhancing the educational experience at Farmingdale State College. By providing donations to campus programs, the Foundation helps bridge funding gaps, ensuring that students, faculty, and staff receive support that is often lacking in traditional funding sources.
This foundation fosters the advancement of educational purposes, welfare, and development within the college community, allowing for a richer learning environment. Through its efforts to encourage and secure gifts, the Foundation enables the promotion of diverse educational initiatives, ultimately benefiting the entire Farmingdale State College community. Its commitment to addressing unmet needs significantly impacts the overall quality of education and resources available, enhancing opportunities for all individuals involved.
This information is meant to be a general summary of State University Of Ny College At Farmingdale Foundation. 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 2023.
- Investment Income: $242,381
- Gross Receipts: $5,379,409
Assets and Liabilities:
- Total Assets: $14,098,292
- Total Liabilities: $26,749
- Net Assets: $14,071,543
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Organization Details
Founding Year
1954
Phone
(934) 420-5305Principal Officer
Robert L Van Nostrand
Main Address
2350 BROADHOLLOW RD, FARMINGDALE, NY, 11735
NTEE Category
Code: B11 - Education
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