Overview
What is Potsdam College Foundation Inc?
Potsdam College Foundation Inc, established in 1968, is a nonprofit organization based in Potsdam, New York. Its primary purpose is to foster private giving in support of SUNY Potsdam, managing funds for ongoing campus needs and establishing permanent endowments for scholarships and programs. The foundation is governed by a volunteer board of trustees, consisting of alumni, faculty, faculty emeriti, students, and community members. The foundation's resources are utilized to provide both short-term and long-term financial support to the college, ensuring its sustainability and enhancing the student experience. Additionally, the foundation manages art objects and cultural artifacts, contributing to the educational and aesthetic value of the campus. With total assets exceeding $54.998 million, the foundation plays a significant role in supporting the growth and development of SUNY Potsdam.
Official website here: www.potsdam.edu/giving/pcf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Potsdam College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial responsibility. The rating is calculated exclusively from its strong performance in the Accountability & Finance category, where it scored 97%. This score reflects a commitment to transparency and effective governance, as evidenced by its fully independent board and robust financial oversight practices.
Strengths of the organization are evident in its financial management, with a program expense ratio of 84.81%, indicating that a significant portion of its funds is directed towards its charitable programs. The foundation also demonstrates effective fundraising efficiency, spending just $0.14 to raise each dollar. Such metrics highlight the foundation's dedication to maximizing its impact and ensuring that donations are utilized effectively.
Overall, the foundation has established itself as a model of fiscal responsibility with no reported material diversions of assets and a solid working capital ratio of 17.61 years. While no specific limitations are noted, potential donors can take confidence in these strong ratings and governance practices, which suggest that their contributions are likely to be well-managed and impactful.
This AI summary has been generated from information found on Charity Navigator.
Is Potsdam College Foundation Inc legitimate?
Potsdam College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potsdam College 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:
Executive Compensation: $0
Professional Fundraising Fees: $37,017
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.potsdam.edu/giving/pcf
What is the mission statement of Potsdam College Foundation Inc?
The Potsdam College Foundation's mission is to garner and manage private financial contributions and gifts, aiming to establish a sustainable future for SUNY Potsdam. The foundation is dedicated to supporting the college's objective of attracting and retaining students, and enhancing their educational experiences beyond the classroom. The foundation meticulously manages its resources for the long-term benefit of SUNY Potsdam, while simultaneously providing the maximum possible current financial aid to the college and its students, in alignment with the desires of its generous donors.
Official website here: www.potsdam.edu/giving/pcf
Who is the CEO of Potsdam College Foundation Inc?
Sal Cania is the Principal Officer of Potsdam College Foundation Inc.
Official website here: www.potsdam.edu/giving/pcf
What is the revenue of Potsdam College Foundation Inc?
Potsdam College Foundation Inc's revenue in 2023 was $4,274,103.
Official website here: www.potsdam.edu/giving/pcf
Who are the executives of Potsdam College Foundation Inc and what are their salaries?
There 43 volunteers at Potsdam College Foundation Inc.
Here are 29 key members and their salaries:
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- Related: $110,220
- Other: $17,842
Official website here: www.potsdam.edu/giving/pcf
Where can I find the form 990 for Potsdam College Foundation Inc?
Potsdam College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.potsdam.edu/giving/pcf
Learn more at the official website: www.potsdam.edu/giving/pcf
Mission Statement of Potsdam College Foundation Inc
The Potsdam College Foundation's mission is centered around securing and managing private financial support and gifts, aiming to create a sustainable future for SUNY Potsdam. This nonprofit organization is deeply committed to the college's goal of recruiting and retaining students, while simultaneously enhancing their experiences beyond the classroom. The Foundation ensures that its resources are utilized for the long-term benefit of SUNY Potsdam, while also providing the maximum possible current financial support to the college and its students, all in accordance with the wishes of its generous donors. In essence, the Potsdam College Foundation plays a crucial role in fostering the college's growth and development, while simultaneously supporting its students in their academic pursuits and personal development.
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Impact
October, 2024
Potsdam College Foundation Inc plays a pivotal role in securing and managing private financial support for SUNY Potsdam, significantly impacting the college's sustainability and growth. By fostering a strong culture of giving, the foundation supports various initiatives aimed at enhancing the educational experience for students.
The foundation's commitment to recruiting and retaining students directly contributes to a vibrant campus community. Through its management of an endowment exceeding $54.998 million, the foundation provides vital annual support that meets ongoing campus needs, from student scholarships to enriching programs that extend learning beyond the classroom.
Additionally, the foundation owns significant art objects and cultural artifacts that enrich the educational environment and serve as tools for teaching, thereby elevating the overall academic atmosphere. With a dedicated volunteer board representing diverse stakeholders, the foundation ensures that the generosity of donors translates into measurable benefits for both current and future generations of students at SUNY Potsdam.
This information is meant to be a general summary of Potsdam College 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 2023.
- Investment Income: $1,574,730
- Program Service Revenue: $402,107
- Gross Receipts: $6,250,559
Assets and Liabilities:
- Total Assets: $55,931,409
- Total Liabilities: $38,003
- Net Assets: $55,893,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT PERFORMANCE SERIES
Revenue
$402,107
Organization Details
Founding Year
1968
Phone
(315) 267-2190Principal Officer
Sal Cania
Main Address
44 PIERREPONT AVENUE, POTSDAM, NY, 13676
Website
www.potsdam.edu/giving/pcfNTEE Category
Code: B110 - Education
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