PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE

EIN: 237066616 501(c)(3) Education

PURCHASE, NY

Total Revenue
$7,709,166
Total Expenses
$6,795,864
Total Assets
$107,403,842
Net Assets
$94,379,853
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NY
Principal Officer
SUELLEN MCAVOY PELUSO
Phone
9142516045
Tax Period
2024-07-01 to 2025-06-30

PURCHASE COLLEGE FOUNDATION INC C/O SUNY PURCHASE, founded in 1969, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 139% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 12% surplus.

Mission

THE FOUNDATION WAS INCORPORATED UNDER THE NOT-FOR-PROFIT LAWS OF THE STATE OF NEW YORK FOR THE PROMOTION OF LITERATURE, HISTORY, VISUAL AND PERFORMING ARTS, SCIENCE AND OTHER DEPARTMENTS OF EDUCATION AT THE STATE UNIVERSITY OF NEW YORK AT PURCHASE.

Program Service Accomplishments

Program 1
Expenses: $1,904,765

INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO...

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INSTITUTIONAL SCHOLARSHIPS ARE AWARDED BY THE COLLEGE USING FUNDS FROM THE PURCHASE COLLEGE FOUNDATION, AS WELL AS OTHER SOURCES. FOUNDATION FUNDS COME FROM THE GENEROUS CONTRIBUTIONS OF DONORS TO THE FOUNDATION. THESE DONORS ARE INDIVIDUALS, FAMILIES, FOUNDATIONS AND CORORATIONS. DURING THE 2024-2025 ACADEMIC YEAR, 521 STUDENTS WERE RECIPIENTS OF SCHOLARSHIPS FROM THE PURCHASE COLLEGE FOUNDATION.

Program 2
Expenses: $1,881,904

THE FOUNDATION PROVIDED RESOURCES IN ORDER TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY, AID IN CURRICULUM ENHANCEMENT AND SUPPORT PUBLIC LECTURES WHICH PROVIDE OPPORTUNITIES FOR STUDENTS AND LOCAL...

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THE FOUNDATION PROVIDED RESOURCES IN ORDER TO ATTRACT AND RETAIN EXCEPTIONAL FACULTY, AID IN CURRICULUM ENHANCEMENT AND SUPPORT PUBLIC LECTURES WHICH PROVIDE OPPORTUNITIES FOR STUDENTS AND LOCAL COMMUNITY MEMBERS ALIKE TO INTERACT WITH EXPERTS IN VARIOUS DISCIPLINES.

Program 3
Expenses: $1,248,638 Revenue: $13,721

THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND...

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THE NEUBERGER MUSEUM OF ART IS THE PREMIER MUSEUM OF MODERN, CONTEMPORARY AND AFRICAN ART IN WESTCHESTER AND FAIRFIELD COUNTIES. A TEACHING MUSEUM, THE NEUBERGER PROMOTES THE APPRECIATION AND ENJOYMENT OF THE VISUAL ARTS AS INSEPARABLE FROM AN UNDERSTANDING OF THEIR PLACE IN CULTURAL AND INTELLECTUAL HISTORY AND THEIR RELEVANCE TO CONTEMPORARY SOCIAL LIFE. AS AN INTERGRAL PART OF PURCHASE COLLEGE AND A VITAL CENTER OF THE COMMUNITY ENGAGEMENT, THE NEUBERGER SUPPORTS LIFELONG LEARNING BY TAKING A CRITICAL, INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, AND PUBLIC PROGRAMS. APPROXIMATELY 16,900 VISITORS ATTEND THE MUSEUM EACH YEAR.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,035,720
Program Service Revenue $289,811
Investment Income $5,383,635
Other Revenue $0
TOTAL REVENUE $7,709,166

Expense Breakdown

Grants Paid $1,904,765
Salaries & Benefits $2,615,778
Fundraising Expenses $841,260
Program Expenses $5,309,034
Other Expenses $2,275,321
TOTAL EXPENSES $6,795,864

Year-over-Year Comparison

2024 2023 Change
Revenue $7,709,166 $3,222,090 +1.4%
Expenses $6,795,864 $7,467,350 -0.1%
Net Income $913,302 $-4,245,260 -1.2%
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
14
Independent Members
13
Employees
N/A
Volunteers
14

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUELLEN PELUSO CHAIR 1.00
Officer Director
$0 $0 $0
CLIFFORD ARONSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAMES DUBIN TRUSTEE 1.00
Director
$0 $0 $0
SEBNEM ERIM TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL FONSECA TRUSTEE 1.00
Director
$0 $0 $0
VICKI GILLESPIE TRUSTEE 1.00
Director
$0 $0 $0
GERI PELL TRUSTEE 1.00
Director
$0 $0 $0
JASON SOTO EX-OFFICIO (NON-VOTING) 15.00
Director
$0 $0 $0
JUDITH A RIGGS TREASURER 1.00
Officer Director
$0 $0 $0
DEBRA ROTH TRUSTEE 1.00
Director
$0 $0 $0
GERHARD SEEBACHER TRUSTEE 1.00
Director
$0 $0 $0
PETER J WISE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MILAGROS PENA EX-OFFICIO (NON-VOTING) 1.00
Director
$0 $0 $0
PAUL ZUKOWSKY EX-OFFICIO (NON-VOTING) 1.00
Director
$0 $0 $0
REED ELFENBEIN SECRETARY 1.00
Officer Director
$0 $0 $0
ROY MOSKOWITZ TRUSTEE 1.00
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 $7,709,166 $6,795,864 $107,403,842 $913,302
2024 $3,222,090 $7,467,350 $101,750,121 $-4,245,260
2023 $3,221,299 $5,986,461 $96,828,921 $-2,765,162
2022 $10,823,591 $5,032,239 $93,577,892 $5,791,352
2021 $15,741,268 $4,876,624 $108,902,427 $10,864,644
2020 $5,178,065 $7,386,735 $80,455,472 $-2,208,670
2019 $9,476,735 $8,619,779 $86,300,911 $856,956
2018 $20,773,681 $9,220,023 $83,682,366 $11,553,658
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