Overview
What is Suny Impact Foundation Inc?
Suny Impact Foundation Inc, based in New York City, New York, is a nonprofit organization committed to supporting the State University of New York (SUNY) in enhancing student success. Authorized by New York State, the organization administers a tax credit program, enabling individual taxpayers to claim a state tax credit equal to 85% of their donation amount, for the tax year following the donation. The funds raised through this program are utilized to finance a range of initiatives and schools within the SUNY system. The Suny Impact Foundation's mission is to amplify successful student initiatives across SUNY, focusing on aspects such as access, retention, completion, and career readiness for students across the SUNY system. The foundation collaborates with philanthropies and private sector partners to maximize investments in student success initiatives.
Official website here: www.sunyimpactfoundation.org
What are the reviews and ratings of this charity?
The Suny Impact Foundation Inc has a Charity Navigator rating of 77%, earning it a Three-Star out of Four Star rating. This rating highlights the organization's strong commitment to accountability and financial practices, as this is the sole factor currently influencing its score. The Foundation ensures financial transparency, boasting a perfect score in areas like conflict of interest policies and board independence.
The organization's financial stability is notable, particularly its Program Expense Ratio at 99.47%, reflecting emphasis on directing funds towards mission-driven activities. Its liabilities to assets ratio is impressively low at 0.44%, indicating sound financial health. However, the fundraising efficiency score is relatively low, suggesting room for improvement in how funds are raised.
While the Suny Impact Foundation excels in financial categories, it currently lacks comprehensive scoring in leadership adaptability, culture, community, and impact measurement. This leaves some aspects of the organization's effectiveness and impact unaccounted for in its overall rating, underscoring areas for potential development in demonstrating its broader impact.
This AI summary has been generated from information found on Charity Navigator.
Is Suny Impact Foundation Inc legitimate?
Suny Impact Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suny Impact 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.sunyimpactfoundation.org
What is the mission statement of Suny Impact Foundation Inc?
The Suny Impact Foundation's mission is focused on supporting the State University of New York (SUNY) in enhancing student success. The foundation aims to scale effective initiatives that impact access, retention, completion, and career readiness for students across the SUNY system. To achieve this, the Suny Impact Foundation collaborates with philanthropies and private sector partners, leveraging investments in student success initiatives.
Official website here: www.sunyimpactfoundation.org
Who is the CEO of Suny Impact Foundation Inc?
Marianne Hassan is the Secretary And Director of Suny Impact Foundation Inc.
Official website here: www.sunyimpactfoundation.org
What is the revenue of Suny Impact Foundation Inc?
Suny Impact Foundation Inc's revenue in 2023 was $11,509,044.
Official website here: www.sunyimpactfoundation.org
Who are the executives of Suny Impact Foundation Inc and what are their salaries?
There 2 volunteers at Suny Impact Foundation Inc.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Related: $455,971
- Other: $118,265
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- Related: $224,086
- Other: $69,951
- Compensation: $0
- Related: $75,123
- Other: $132,090
Official website here: www.sunyimpactfoundation.org
Where can I find the form 990 for Suny Impact Foundation Inc?
Suny Impact Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sunyimpactfoundation.org
Learn more at the official website: www.sunyimpactfoundation.org
Mission Statement of Suny Impact Foundation Inc
The Suny Impact Foundation's mission is centered around supporting the State University of New York (SUNY) in boosting student success. This philanthropic organization aims to facilitate the expansion of initiatives that have proven effective in enhancing access, retention, completion, and career readiness among SUNY students. The Suny Impact Foundation collaborates with various philanthropies and private sector partners to maximize investments in these student success initiatives across the SUNY system. By leveraging these collaborations, the foundation seeks to amplify the impact of these successful strategies, ultimately contributing to the overall improvement of educational outcomes for students within the SUNY system.
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Impact
July, 2024
Suny Impact Foundation Inc's impact lies in its mission to support the State University of New York (SUNY) in driving student success. By leveraging investments from philanthropies and private sector partners, the Foundation works to scale up successful initiatives that impact access, retention, completion, and career readiness for students across the SUNY system. Additionally, the organization administers a New York State tax credit program, where individual taxpayers making authorized contributions can receive a tax credit equal to 85% of the donation amount, which in turn supports various SUNY system-wide initiatives and schools. Through these efforts, the Suny Impact Foundation Inc plays a crucial role in enhancing educational opportunities and outcomes for students within the SUNY system.
This information is meant to be a general summary of Suny Impact 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: -$9,718
- Gross Receipts: $15,060,779
Assets and Liabilities:
- Total Assets: $1,907,662
- Total Liabilities: $8,500
- Net Assets: $1,899,162
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Organization Details
Founding Year
2016
Phone
(212) 364-5788Principal Officer
Marianne Hassan
Main Address
116 EAST 55TH STREET, NEW YORK, NY, 10022
Website
www.sunyimpactfoundation.orgNTEE Category
Code: B12 - Education
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