PLATTSBURGH COLLEGE FOUNDATION INC

EIN: 141484644 501(c)(3) Education

PLATTSBURGH, NY

Total Revenue
$4,032,470
Total Expenses
$3,345,288
Total Assets
$43,415,969
Net Assets
$43,056,166
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
ANNE W HANSEN
Phone
5185642090
Tax Period
2024-07-01 to 2025-06-30

PLATTSBURGH COLLEGE FOUNDATION INC, founded in 1964, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $687K, a strong 17% operating margin.

Mission

PLATTSBURGH COLLEGE FOUNDATION, INC. WAS ESTABLISHED IN 1963 TO RECEIVE AND MANAGE SUBSTANTIALLY ALL PRIVATE GIFTS TO THE STATE UNIVERSITY OF NEW YORK COLLEGE AT PLATTSBURGH. A SIGNIFICANT AMOUNT OF FUNDS RAISED FROM PRIVATE CONTRIBUTIONS AND GENERATED FROM ENDOWMENT INVESTMENTS IS DESIGNATED FOR FINANCIAL ASSISTANCE FOR THE COLLEGE'S STUDENTS. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC AND STUDENT LIFE ENRICHMENT PROGRAMS AND OTHER INSTITUTIONAL SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $2,093,818

THE PLATTSBURGH COLLEGE FOUNDATION (THE FOUNDATION) FUNDS SCHOLARSHIPS AND GRANTS TO STUDENTS ENROLLED AT SUNY PLATTSBURGH (THE UNIVERSITY). THESE SCHOLARSHIPS AND GRANTS ARE SELECTED BY UNIVERSITY...

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THE PLATTSBURGH COLLEGE FOUNDATION (THE FOUNDATION) FUNDS SCHOLARSHIPS AND GRANTS TO STUDENTS ENROLLED AT SUNY PLATTSBURGH (THE UNIVERSITY). THESE SCHOLARSHIPS AND GRANTS ARE SELECTED BY UNIVERSITY OFFICES AND DEPARTMENTS, REPORTED TO THE UNIVERSITY'S FINANCIAL AID OFFICE AND PAID TO EACH RECIPIENT STUDENT'S ACCOUNT THROUGH THE UNIVERSITY'S STUDENT ACCOUNTS OFFICE. THE SCHOLARSHIPS AND GRANTS ARE FUNDED THROUGH GIFTS TO THE FOUNDATION, INCLUDING THOSE BOTH WITH AND WITHOUT DONOR RESTRICTIONS, AS WELL AS THROUGH INVESTMENT INCOME GENERATED FROM ENDOWMENTS WHICH ARE DESIGNATED FOR SCHOLARSHIP SUPPORT.

Program 2
Expenses: $313,000

THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY. THE SUPPORT INCLUDES THE PURCHASE OF ACADEMIC EQUIPMENT, SUPPORT FOR SALARIES PAID BY THE UNIVERSITY, TRAVEL...

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THE FOUNDATION PROVIDES SUPPORT FOR ACADEMIC DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY. THE SUPPORT INCLUDES THE PURCHASE OF ACADEMIC EQUIPMENT, SUPPORT FOR SALARIES PAID BY THE UNIVERSITY, TRAVEL TO CONFERENCES AND OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES AND VARIOUS OTHER ACTIVITIES THAT ENHANCE THE VIBRANCY OF THE ACADEMIC PROGRAMS OFFERED BY THE UNIVERSITY.

Program 3
Expenses: $336,922

THE FOUNDATION PROVIDES SUPPORT FOR STUDENT FOCUSED DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY INCLUDING ATHLETICS, STUDENT LEADERSHIP OPPORTUNITIES AND THE LIKE. THE SUPPORT COMES IN THE FORM OF...

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THE FOUNDATION PROVIDES SUPPORT FOR STUDENT FOCUSED DEPARTMENTS AND PROGRAMS OF THE UNIVERSITY INCLUDING ATHLETICS, STUDENT LEADERSHIP OPPORTUNITIES AND THE LIKE. THE SUPPORT COMES IN THE FORM OF FUNDS FOR EQUIPMENT, TRAVEL, MARKETING MATERIALS, EVENTS AND ASSISTANCE TO STUDENTS IN CRISIS, AND OTHER ACTIVITIES WHICH ENRICH THE OVERALL STUDENT EXPERIENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,163,610
Program Service Revenue $0
Investment Income $1,847,916
Other Revenue $20,944
TOTAL REVENUE $4,032,470

Expense Breakdown

Grants Paid $2,031,568
Salaries & Benefits $0
Fundraising Expenses $125,079
Program Expenses $3,076,044
Other Expenses $1,313,720
TOTAL EXPENSES $3,345,288

Year-over-Year Comparison

2024 2023 Change
Revenue $4,032,470 $3,441,662 +0.2%
Expenses $3,345,288 $5,503,389 -0.4%
Net Income $687,182 $-2,061,727 -1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL G GILTZ DIRECTOR 0.00
Director
$0 $0 $0
PETER GERNEY FIRST VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
THOMAS HERMES SECOND VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
HENRY CASAZZA PRESIDENT 0.00
Officer Director
$0 $0 $0
JODY L CARPENTER DIRECTOR 0.00
Director
$0 $0 $0
DR ALEXANDER ENYEDI DIRECTOR 0.00
Director
$0 $0 $0
ROBERT S AIRO DIRECTOR 0.00
Director
$0 $0 $0
THOMAS J SKEA DIRECTOR 0.00
Director
$0 $0 $0
KATHLEEN E KIRLEIS TREASURER 0.00
Officer Director
$0 $0 $0
CERISE G OBERMAN DIRECTOR 0.00
Director
$0 $0 $0
RONALD BRUNELL DIRECTOR 0.00
Director
$0 $0 $0
WILLIAM MEYERS DIRECTOR 0.00
Director
$0 $0 $0
GORDON MUIR SECRETARY 0.00
Director
$0 $0 $0
WILLIAM LAUNDRY DIRECTOR 0.00
Director
$0 $0 $0
THOMAS R KEARNEY DIRECTOR 0.00
Director
$0 $0 $0
GARY STEVENS DIRECTOR 0.00
Director
$0 $0 $0
NEVILLE E STRUMPF DIRECTOR 0.00
Director
$0 $0 $0
MICHELE CARPENTIER DIRECTOR 0.00
Director
$0 $0 $0
RICK GEOFFROY DIRECTOR 0.00
Director
$0 $0 $0
CATHERINE KELEHER DIRECTOR 0.00
Director
$0 $0 $0
HENRY LEAVITT DIRECTOR 0.00
Director
$0 $0 $0
ROBERT SCHOFIELD IV ESQ DIRECTOR 0.00
Director
$0 $0 $0
CHRISTINA GERARDI DIRECTOR 0.00
Director
$0 $0 $0
MEGAN RENADETTE DIRECTOR 0.00
Director
$0 $0 $0
KALEMA GOODING DIRECTOR 0.00
Director
$0 $0 $0
CINDY KANSKY DIRECTOR 0.00
Director
$0 $0 $0
DANIELLE KING DIRECTOR 0.00
Director
$0 $0 $0
JOSEPH TOLLIVER DIRECTOR 0.00
Director
$0 $0 $0
LAWRENCE UNREIN DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,032,470 $3,345,288 $43,415,969 $687,182
2024 $3,441,662 $5,503,389 $41,163,520 $-2,061,727
2023 $4,297,455 $2,933,888 $39,342,840 $1,363,567
2022 $8,457,454 $2,288,854 $36,656,468 $6,168,600
2021 $3,539,122 $2,045,119 $35,447,207 $1,494,003
2020 $2,925,204 $2,703,749 $28,061,045 $221,455
2019 $5,007,991 $2,853,919 $28,331,662 $2,154,072
2018 $3,081,319 $2,388,632 $25,740,171 $692,687
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