EDUCATIONAL FOUNDATION OF ALFRED INC

EIN: 237209097 501(c)(3)

ALFRED, NY

Total Revenue
$767,706
Total Expenses
$691,935
Total Assets
$7,341,903
Net Assets
$7,276,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NY
Principal Officer
GEORGE GOETSCHIUS
Phone
6075874108
Tax Period
2024-07-01 to 2025-06-30

EDUCATIONAL FOUNDATION OF ALFRED INC, founded in 1946, is a small nonprofit that reported $768K in total revenue in fiscal year 2024. Expenses of $692K left a modest 10% surplus.

Mission

THE EDUCATIONAL FOUNDATION OF ALFRED, INC. IS A FOUNDATION DEDICATED TO IMPROVING THE ALFRED STATE COLLEGE COMMUNITY THROUGH SUPPORT OF EDUCATIONAL PROGRAMS. THE FOUNDATION EXISTS TO ENHANCE LEARNING OPPORTUNITIES FOR STUDENTS, FACULTY, AND STAFF.

Program Service Accomplishments

Program 1
Expenses: $603,978

IMPROVING THE ALFRED STATE COLLEGE COMMUNITY THROUGH SUPPORT OF EDUCATIONAL PROGRAMS, INCLUDING SCHOLARSHIPS OF $181,500.

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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 $0
Program Service Revenue $0
Investment Income $95,664
Other Revenue $672,042
TOTAL REVENUE $767,706

Expense Breakdown

Grants Paid $181,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $603,978
Other Expenses $510,435
TOTAL EXPENSES $691,935

Year-over-Year Comparison

2024 2023 Change
Revenue $767,706 $734,096 +0.0%
Expenses $691,935 $691,474 +0.0%
Net Income $75,771 $42,622 +0.8%
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
9
Employees
N/A
Volunteers
24

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
3
$0
Total Directors
14
$966,031
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN CORNELIUS DIRECTOR 2.00
Director
$0 $39,590 $101,497
CASEY JOYCE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GEORGE GOETSCHIUS PRESIDENT 2.00
Officer Director
$0 $0 $0
RYAN MILLER DIRECTOR 2.00
Director
$0 $0 $0
DAVID HAGGSTROM DIRECTOR 2.00
Director
$0 $0 $0
KRISTOPHER GREEN DIRECTOR 2.00
Director
$0 $0 $0
BRAD SMITH DIRECTOR 2.00
Director
$0 $41,793 $107,145
GERALYN GOUGH DIRECTOR 2.00
Director
$0 $0 $0
STEVEN A MAURO PHD DIRECTOR 2.00
Director
$0 $181,138 $464,388
AMY BENNETT DIRECTOR 2.00
Director
$0 $0 $0
JOHN SADOWSKI SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
VALERIE NIXON DIRECTOR 2.00
Director
$0 $0 $0
SPENCER PEAVEY DIRECTOR 2.00
Director
$0 $72,553 $186,006
JENNIE THWING DIRECTOR 2.00
Director
$0 $41,734 $106,995
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 $767,706 $691,935 $7,341,903 $75,771
2024 $734,096 $691,474 $7,225,060 $42,622
2023 $687,220 $682,330 $7,057,083 $4,890
2022 $678,568 $640,252 $6,961,799 $38,316
2021 $735,715 $680,342 $7,054,062 $55,373
2020 $697,905 $635,295 $6,770,747 $62,610
2019 $733,208 $708,017 $6,701,046 $25,191
2018 $717,463 $559,169 $6,627,406 $158,294
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