FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC

EIN: 166053710 501(c)(3) Education

BINGHAMTON, NY

Total Revenue
$56,524,847
Total Expenses
$33,245,495
Total Assets
$498,389,648
Net Assets
$484,854,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Principal Officer
JAMES GODLESKI
Phone
6077776208
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $56.5M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23.3M, a strong 41% operating margin.

Mission

SEE 990 PART 1 LINE 1

Program Service Accomplishments

Program 1
Expenses: $28,247,187 Revenue: $5,221,735

SUPPORT OF ACTIVITIES OF THE UNIVERSITY BY MEANS OF SCHOLARSHIPS AND GRANTS TO QUALIFYING STUDENTS ($7,743,652), FINANCIAL ASSISTANCE TO THE PROGRAMS AND ACTIVITIES OF THE FACULTY AND STUDENTS OF THE...

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SUPPORT OF ACTIVITIES OF THE UNIVERSITY BY MEANS OF SCHOLARSHIPS AND GRANTS TO QUALIFYING STUDENTS ($7,743,652), FINANCIAL ASSISTANCE TO THE PROGRAMS AND ACTIVITIES OF THE FACULTY AND STUDENTS OF THE UNIVERSITY ($19,099,955), AND ALLOCATED ADMINISTRATIVE EXPENSES FOR THESE PROGRAMS ($1,403,580).

Program 2
Expenses: $70,628 Revenue: $73,722

BINGHAMTON UNIVERSITY FORUM IS A MEMBER ONLY GROUP FORMED BY THE FOUNDATION TO PROMOTE COMMUNITY RELATIONS AND ENCOURAGE PRIVATE SUPPORT OF THE UNIVERSITY.

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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 $15,334,916
Program Service Revenue $73,722
Investment Income $35,894,474
Other Revenue $5,221,735
TOTAL REVENUE $56,524,847

Expense Breakdown

Grants Paid $26,843,607
Salaries & Benefits $2,640,698
Fundraising Expenses $3,151,535
Program Expenses $28,317,815
Other Expenses $3,412,273
TOTAL EXPENSES $33,245,495

Year-over-Year Comparison

2024 2023 Change
Revenue $56,524,847 $82,839,756 -0.3%
Expenses $33,245,495 $111,780,813 -0.7%
Net Income $23,279,352 $-28,941,057 -1.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
39
Independent Members
36
Employees
N/A
Volunteers
250

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
5
$394,544
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT NOCCIOLINO DIRECTOR 0.30
Director
$0 $0 $0
ALEX HUPPE DIRECTOR 0.30
Director
$0 $0 $0
ANDREW BONZANI DIRECTOR 0.30
Director
$0 $0 $0
ANITA BORKENSTEIN DIRECTOR 0.30
Director
$0 $0 $0
BAI LEE DIRECTOR 0.30
Director
$0 $0 $0
CAROLYN MANCINI DIRECTOR 0.30
Director
$0 $0 $0
CATHLEEN M ELLSWORTH DIRECTOR 0.30
Director
$0 $0 $0
CHARLES KIM DIRECTOR 0.30
Director
$0 $0 $0
DONALD HALL EX-OFFICIO DIRECTOR 0.30
Director
$0 $0 $0
ELIZABETH KOFFMAN DIRECTOR 0.30
Director
$0 $0 $0
NANA SAHEB BANERJEE PHD DIRECTOR 0.30
Director
$0 $0 $0
GERALDINE MACDONALD DIRECTOR 0.30
Director
$0 $0 $0
HARVEY STENGER EX-OFFICIO DIRECTOR 0.30
Director
$0 $0 $0
HOWARD UNGER DIRECTOR 0.30
Director
$0 $0 $0
JAMES ORBAND DIRECTOR 0.30
Director
$0 $0 $0
JEFFREY TUCKER TREASURER 0.30
Officer Director
$0 $0 $0
JAMES BANKOSKI DIRECTOR 0.30
Director
$0 $0 $0
JOHN CARRIGG DIRECTOR 0.30
Director
$0 $0 $0
ELIZABETH BLOOMER NESVOLD DIRECTOR 0.30
Director
$0 $0 $0
JOSEPH MIRABITO DIRECTOR 0.30
Director
$0 $0 $0
JUDITH GARCZYNSKI FLEISHMAN DIRECTOR 0.30
Director
$0 $0 $0
KAREN FEUER DIRECTOR 0.30
Director
$0 $0 $0
KATHERINE WARNER SECRETARY 0.30
Officer Director
$0 $0 $0
KEITH HORN DIRECTOR 0.30
Director
$0 $0 $0
KENNETH GOLDBLATT DIRECTOR 0.30
Director
$0 $0 $0
MARK ZURACK DIRECTOR 0.30
Director
$0 $0 $0
MICHAEL D TIMMENY DIRECTOR 0.30
Director
$0 $0 $0
MICHELLE J SCHWARTZ DIRECTOR 0.30
Director
$0 $0 $0
DAVID WHITMORE DIRECTOR 0.30
Director
$0 $0 $0
MITCHELL LIEBERMAN DIRECTOR 0.30
Director
$0 $0 $0
BRIAN J ZAKROCKI DIRECTOR 0.30
Director
$0 $0 $0
PAUL TUROVSKY DIRECTOR 0.30
Director
$0 $0 $0
STEVEN BLOOM DIRECTOR 0.30
Director
$0 $0 $0
STUART KOENIG CHAIR 0.30
Officer Director
$0 $0 $0
TYRONE MUSE VICE CHAIR 0.30
Officer Director
$0 $0 $0
CARA TREIDEL EX-OFFICIO DIRECTOR 0.30
Director
$0 $0 $0
ABBY GOLDSTEIN DIRECTOR 0.30
Director
$0 $0 $0
MICHAEL KERNER DIRECTOR 0.30
Director
$0 $0 $0
KIM MYERS DIRECTOR 0.30
Director
$0 $0 $0
MITCHELL S GOLDSTEIN DIRECTOR 0.30
Director
$0 $0 $0
SHEILA DOYLE EXECUTIVE DIRECTOR 30.50
Officer
$0 $52,412 $394,544
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 $56,524,847 $33,245,495 $498,389,648 $23,279,352
2024 $82,839,756 $111,780,813 $468,776,672 $-28,941,057
2023 $57,977,280 $80,006,847 $496,626,686 $-22,029,567
2022 $309,395,877 $30,315,078 $533,544,870 $279,080,799
2021 $29,318,635 $22,669,277 $286,478,699 $6,649,358
2020 $69,594,810 $19,295,862 $250,714,314 $50,298,948
2019 $26,779,067 $17,622,772 $175,763,967 $9,156,295
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