Overview
What is State University Of New York Polytechnic Institute Foundation Inc?
The State University of New York Polytechnic Institute Foundation Inc is a nonprofit organization located at 100 Seymour Road, Utica, New York. Its primary aim is to solicit and manage charitable contributions for the benefit of the State University of New York Polytechnic Institute (SUNY Poly). The foundation supports various activities on the SUNY Poly campus, excluding scholarships. These activities encompass funding awards, supporting faculty, organizing campus and community events, and sponsoring graduation and club activities. The contributions received by the foundation contribute to enhancing the educational and overall campus experience at SUNY Poly.
Official website here: www.sunypoly.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
The State University of New York Polytechnic Institute Foundation Inc has earned a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 96%, the organization excels primarily in transparency, governance, and financial oversight, indicating a strong commitment to responsible management of its resources.
The foundation demonstrates robust governance, with 73% of its board members being independent, which enhances its decision-making processes. It also has effective audit and oversight practices, as evidenced by its strong rating in financial statements. The organization maintains several important policies, including conflict of interest and whistleblower policies, which contribute to its integrity and accountability.
While the foundation shows excellent program expense ratios at 75.73%, which indicates a significant portion of its funds is directed towards its programs, the liabilities to assets ratio is notably low at 0.63%. This suggests a strong financial position, but prospective donors may want to explore specific programs and the impact of those expenditures for a more comprehensive understanding of the foundation's work.
This AI summary has been generated from information found on Charity Navigator.
Is State University Of New York Polytechnic Institute Foundation Inc legitimate?
State University Of New York Polytechnic Institute Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. State University Of New York Polytechnic Institute 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sunypoly.edu
What is the mission statement of State University Of New York Polytechnic Institute Foundation Inc?
The State University of New York Polytechnic Institute Foundation's primary function is to encourage and receive charitable contributions for the benefit of the State University of New York Polytechnic Institute (SUNY Poly). This foundation channels these contributions towards supporting various activities at SUNY Poly, excluding scholarships. The supported activities encompass a range of initiatives, including funding awards, supporting faculty, and sponsoring campus and community events, graduation ceremonies, and club activities.
Official website here: www.sunypoly.edu
Who is the CEO of State University Of New York Polytechnic Institute Foundation Inc?
Michael Frame is the CEO of State University Of New York Polytechnic Institute Foundation Inc The CEO's salary of State University Of New York Polytechnic Institute Foundation Inc is $0 and their total compensation is $50,777.
Official website here: www.sunypoly.edu
What is the revenue of State University Of New York Polytechnic Institute Foundation Inc?
State University Of New York Polytechnic Institute Foundation Inc's revenue in 2024 was $1,956,270.
Official website here: www.sunypoly.edu
Who are the executives of State University Of New York Polytechnic Institute Foundation Inc and what are their salaries?
There 200 volunteers at State University Of New York Polytechnic Institute Foundation Inc.
Here are 22 key members and their salaries (State University Of New York Polytechnic Institute Foundation Inc's CEO's salary is $0 and their total compensation is $50,777):
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- Related: $86,700
- Other: $55,878
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- Other: $110,429
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- Related: $72,522
- Other: $46,740
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- Other: $19,900
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- Related: $110,585
- Other: $71,272
Official website here: www.sunypoly.edu
Where can I find the form 990 for State University Of New York Polytechnic Institute Foundation Inc?
State University Of New York Polytechnic Institute Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sunypoly.edu
Learn more at the official website: www.sunypoly.edu
Mission Statement of State University Of New York Polytechnic Institute Foundation Inc
The State University of New York Polytechnic Institute Foundation's primary mission is to encourage and receive charitable contributions, aiming to benefit the State University of New York Polytechnic Institute (SUNY Poly). This nonprofit organization operates with the objective of supporting various campus activities at SUNY Poly, beyond scholarships. The supported activities encompass a wide range, including funding for awards, supporting faculty, engaging in campus and community activities, graduation and club events. Essentially, the State University of New York Polytechnic Institute Foundation serves as a channel for fostering support and development within SUNY Poly, contributing to its overall growth and success.
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Impact
October, 2024
The State University Of New York Polytechnic Institute Foundation Inc plays a crucial role in supporting the educational mission of SUNY Polytechnic Institute. By encouraging and receiving charitable contributions, the foundation enhances campus activities that enrich the academic and social environment for students and faculty.
The foundation awards grants specifically aimed at supporting diverse initiatives beyond scholarships. These initiatives include funding for awards that recognize student and faculty achievements, supporting campus and community events, and facilitating graduation ceremonies and student club activities.
Through these efforts, the foundation fosters a vibrant campus culture that not only aids in the personal and professional development of students but also strengthens community ties. This collaborative approach not only benefits SUNY Poly but also contributes positively to the broader region of Utica, NY, promoting education and innovation within the community.
This information is meant to be a general summary of State University Of New York Polytechnic Institute 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 2024.
- Investment Income: $486,416
- Gross Receipts: $9,127,537
Assets and Liabilities:
- Total Assets: $11,650,114
- Total Liabilities: $109,722
- Net Assets: $11,540,392
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Organization Details
Founding Year
1974
Principal Officer
Andrea Lagatta
Website
www.sunypoly.eduNTEE Category
Code: B82 - Education
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