Overview
What is The Schenectady Foundation Inc?
The Schenectady Foundation Inc, located in Schenectady, New York, serves as an essential backbone for the philanthropic initiatives of the Schenectady Foundation. Their primary role involves providing administrative and operational support to the foundation's grant and scholarship programs. This includes creating grant applications, offering technical assistance to applicants and grantees, evaluating applications, ensuring due diligence, and monitoring grant conditions and payments. Committed to achieving sustainable improvement in the health and welfare of people, organizations, and neighborhoods in Schenectady County, the foundation invests philanthropic resources to make a tangible difference in the community. With a team of six dedicated individuals, The Schenectady Foundation Inc plays a vital role in facilitating charitable giving and community development within the region.
Official website here: www.schenectadyfoundation.org
Is The Schenectady Foundation Inc legitimate?
The Schenectady Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Schenectady 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: $166,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,141
For more financial information, click here
Official website here: www.schenectadyfoundation.org
What is the mission statement of The Schenectady Foundation Inc?
The Schenectady Foundation Inc's mission is focused on fostering sustainable improvement in the health and welfare of individuals, organizations, and communities. This is achieved through the strategic investment of philanthropic resources. The organization provides administrative and operational support to its foundation to facilitate this mission. The Schenectady Foundation, Inc. plays a crucial role in managing the grants and scholarship programs, including creating application processes, offering technical assistance, evaluating applications, ensuring due diligence, and overseeing grant reporting, tracking, and payment management.
Official website here: www.schenectadyfoundation.org
Who is the CEO of The Schenectady Foundation Inc?
Robert Carreau is the Director of The Schenectady Foundation Inc.
Official website here: www.schenectadyfoundation.org
What is the revenue of The Schenectady Foundation Inc?
The Schenectady Foundation Inc's revenue in 2022 was $1,104,395.
Official website here: www.schenectadyfoundation.org
Who are the executives of The Schenectady Foundation Inc and what are their salaries?
The average compensation at The Schenectady Foundation Inc during 2022 was $64,679. There are 6 employees and 165 volunteers at The Schenectady Foundation Inc.
Here are 11 key members and their salaries:
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- Compensation: $148,734
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Official website here: www.schenectadyfoundation.org
Where can I find the form 990 for The Schenectady Foundation Inc?
The Schenectady Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.schenectadyfoundation.org
Learn more at the official website: www.schenectadyfoundation.org
Mission Statement of The Schenectady Foundation Inc
The Schenectady Foundation Inc is dedicated to achieving sustainable improvement in the health and welfare of people, organizations, and neighborhoods in their community. To accomplish this mission, they provide administrative and operational support to the foundation. Their role involves creating grant applications and processes, offering technical assistance to grant applicants and grantees, reviewing and evaluating applications, ensuring due diligence, and following up through grant reporting, tracking, and managing grant conditions and payments. By providing this support, The Schenectady Foundation Inc helps to facilitate the philanthropic distribution of resources, ultimately contributing to the betterment of their community.
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Impact
October, 2024
The Schenectady Foundation Inc plays a crucial role in enhancing the health and welfare of individuals, organizations, and neighborhoods within Schenectady County. By providing vital administrative and operational support to the foundation's grants and scholarship programs, it ensures that philanthropic resources are effectively managed and allocated where they are needed most.
The foundation streamlines the grant application process, offers technical assistance to applicants and grantees, and meticulously reviews and evaluates submissions. This thorough oversight guarantees due diligence in grant reporting, tracking, and payment management. As a result, The Schenectady Foundation Inc not only facilitates the distribution of financial support but also fosters sustainable improvements in the community, empowering local initiatives and enhancing overall quality of life. Its commitment to philanthropy plays a significant role in driving positive change and addressing the diverse needs of the Schenectady community.
This information is meant to be a general summary of The Schenectady 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: $2,302
- Gross Receipts: $1,104,395
Assets and Liabilities:
- Total Assets: $666,789
- Total Liabilities: $18,631
- Net Assets: $648,158
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Organization Details
Founding Year
2009
Phone
(518) 393-9500Principal Officer
Robert Carreau
Main Address
P O BOX 710, SCHENECTADY, NY, 12301
NTEE Category
Code: T30 - Philanthropy
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