POTSDAM COLLEGE FOUNDATION INC

EIN: 237088021 501(c)(3) Education

POTSDAM, NY

Total Revenue
$5,963,886
Total Expenses
$3,497,925
Total Assets
$71,919,211
Net Assets
$71,900,748
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
DAVID DAVIN
Phone
3152672872
Tax Period
2024-07-01 to 2025-06-30

POTSDAM COLLEGE FOUNDATION INC, founded in 1968, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2.5M, a strong 41% operating margin.

Mission

THE ART COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS A DECREASE IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS ARE USED TO PURCHASE THE ITEMS WERE RESTRICTED BY DONORS. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. CONTRIBUTED COLLECTION ITMES ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE RELFECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES.

Program Service Accomplishments

Program 1
Expenses: $2,992,135 Revenue: $441,655

THE POTSDAM COLLEGE FOUNDATION IS A NON-PROFIT CORPORATION, ESTABLISHED IN 1968 TO STEWARD THE CONTINUNED GROWTH OF PRIVATE GIVING IN SUPPORT OF SUNY POTSDAM. THE FOUNDATION IS GOVERNED BY A...

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THE POTSDAM COLLEGE FOUNDATION IS A NON-PROFIT CORPORATION, ESTABLISHED IN 1968 TO STEWARD THE CONTINUNED GROWTH OF PRIVATE GIVING IN SUPPORT OF SUNY POTSDAM. THE FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES WHICH INCLUDES REPRESENTATION FROM SUNY POTSDAM'S ALUMNI, FACULTY, FACULTY EMERITI AND STUDENTS, AS WELL AS THE REGIONAL AND NATIONAL COMMUNITY. GIFTS TO THE FOUNDATION ARE USED TO PROVIDE ANNUAL SUPPORT TO MEET ONGOING CAMPUS NEEDS AND TO ESTABLISH PERMANENT ENDOWMENTS TO SUPPORT SUCH THINGS AS STUDENT SCHOLARSHIPS AND PROGRAMS. IN ADDITION, THE FOUNDATION OWNS ART OBJECTS AND CULTURAL ARTIFACTS THAT ARE USED FOR TEACHING AND FOR DISPLAY ON CAMPUS. THE TOTAL ASSETS MANAGED BY THE FOUNDATION EXCEED $71.9 MILLION, INCLUDING AN ENDOWMENT COMPRISED OF GIFTS FROM BOTH INDIVIDUALS AND INVESTMENT RETURNS.

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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 $3,055,857
Program Service Revenue $441,655
Investment Income $2,440,334
Other Revenue $26,040
TOTAL REVENUE $5,963,886

Expense Breakdown

Grants Paid $2,636,571
Salaries & Benefits $0
Fundraising Expenses $437,873
Program Expenses $2,992,135
Other Expenses $815,354
TOTAL EXPENSES $3,497,925

Year-over-Year Comparison

2024 2023 Change
Revenue $5,963,886 $6,783,492 -0.1%
Expenses $3,497,925 $3,909,407 -0.1%
Net Income $2,465,961 $2,874,085 -0.1%
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
23
Independent Members
23
Employees
N/A
Volunteers
43

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
6
$331,788
Total Directors
30
$612,848
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY KELLOGG PRESIDENT 1.00
Officer Director
$0 $0 $0
RONALD FISHBECK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN SIPHER SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTINE HAILE TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL GALANE TRUSTEE EMERITUS 1.00
Director
$0 $0 $0
GARY HIND TRUSTEE EMERITUS 1.00
Director
$0 $0 $0
ROGER LINDEN TRUSTEE EMERITUS 1.00
Director
$0 $0 $0
JESSICA PEARSON FACULTY SENATE REP 1.00
Director
$0 $23,828 $105,142
KADI PALMER STUDENT GOVERNMENT REP 1.00
Director
$0 $0 $0
JAMES BERRIMAN TRUSTEE 1.00
Director
$0 $0 $0
LYNNE BOLES TRUSTEESHIP COMMITTEE CHAIR 1.00
Director
$0 $0 $0
MARJORIE CHIAFERY TRUSTEE 1.00
Director
$0 $0 $0
RICHARD EVANS TRUSTEE 1.00
Director
$0 $0 $0
KATE GIGLIOTTI TRUSTEE 1.00
Director
$0 $0 $0
SEAN LEOUS TRUSTEE 1.00
Director
$0 $0 $0
ELDON HARRIS TRUSTEE 1.00
Director
$0 $0 $0
JUDE KIAH TRUSTEE 1.00
Director
$0 $0 $0
ADEBISI OJE TRUSTEE 1.00
Director
$0 $0 $0
SUZANNE SMITH COLLEGE PRESIDENT 1.00
Director
$0 $73,254 $354,857
TIFFANY SORICELLI TRUSTEE 1.00
Director
$0 $0 $0
DANIEL VOCE TRUSTEE 1.00
Director
$0 $0 $0
ERIN WAGNER O'BRIEN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT WAGNER TRUSTEE 1.00
Director
$0 $0 $0
BROOKS WASHBURN TRUSTEE 1.00
Director
$0 $0 $0
LAURA WESSING TRUSTEE 1.00
Director
$0 $0 $0
KLAYTON SCHAEFER TRUSTEE 1.00
Director
$0 $0 $0
HENRIQUE SCHEMBRY TRUSTEE 1.00
Director
$0 $0 $0
JOYCE YIANOUKOS TRUSTEE 1.00
Director
$0 $0 $0
GREG GARDNER FACULTY SENATE REP 1.00
Director
$0 $47,987 $152,849
MARK HAYMAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID DAVIN EXECUTIVE DIRECTOR 1.00
Officer
$0 $55,869 $208,528
JULIE HELENBROOK BUSINESS MANAGER 40.00
Officer
$0 $44,368 $123,260
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 $5,963,886 $3,497,925 $71,919,211 $2,465,961
2024 $6,783,492 $3,909,407 $63,686,172 $2,874,085
2023 $4,274,103 $3,632,747 $55,931,409 $641,356
2022 $4,839,138 $3,250,441 $51,720,379 $1,588,697
2021 $5,814,782 $2,636,603 $59,316,094 $3,178,179
2020 $5,157,770 $2,822,004 $45,766,128 $2,335,766
2019 $5,476,864 $3,844,422 $42,744,424 $1,632,442
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