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Potsdam College Foundation INC FY2021 filing

Tax-deductible

Potsdam, NY501(c)(3)Since 1968EducationEIN 23-7088021Revenue $5.8M in FY2021

On file with the IRSpotsdam.edu/giving/pcf44 Pierrepont Ave, 13676-2200 · Potsdam, NYTax-exempt since Dec 1970College/university support org — 170(b)(1)(A)(iv)

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The mission of the Potsdam College Foundation is to secure and manage private financial support and other gifts that build a sustainable future for SUNY Potsdam. The Foundation is committed to the college's goal to recruit and retain students, and enhance their experiences in and out of the classroom. The Foundation stewards its resources for the long-term benefit of SUNY Potsdam while also providing the maximum possible current financial support to the College and its students, consistent with the wishes of the foundation's generous donors.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.1M a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $1.7M
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 25 voting members
Looks good: 23 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
Spent
$2.6M
To programs
80%
Net assets
$59.3M
By yearFY2021–FY2025
Revenue
$5.8M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$5.8M
FY2022$4.8M
FY2023$4.3M
FY2024$6.8M
FY2025$6.0M
Expenses
$2.6M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.6M
FY2022$3.3M
FY2023$3.6M
FY2024$3.9M
FY2025$3.5M
Net assets
$59.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$59.3M
FY2022$51.7M
FY2023$55.9M
FY2024$63.7M
FY2025$71.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.1M Management & general 2% · $50K Fundraising 19% · $490K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Michael Galane
Former President
$0Pt VII · Sec A
Amy Kellogg
Current President
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Helander
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Potsdam College Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures and manages private gifts to build a sustainable future for SUNY Potsdam.

Provided by the organization

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1 program · $2.0M · in their own filed words · FY2020
01

The potsdam college foundation is a non-profit corporation, established in 1968 to steward the continued 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…

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$1.0M
SUNY Impact Foundation INCFY2024$482K
Donor Advised Charitable Giving INCFY2024$58K
Arconic FoundationFY2024$25K
Stephen Siller Tunnel to Towers FoundationFY2024$25K
The New York Community TrustFY2024$25K
American Online Giving Foundation INCFY2024$7K
Northern New York Library NetworkFY2024$7K
Total grants receivedfrom 14 funders$1.7M
See all 14 funders →
Grants paid · 10 grants · $13.4M · 2020–2024
State University of New York (suny Potsdam)FY2024$1,602,357
Unitemized GrantFY2024$1,034,214
State University of New York (suny Potsdam)FY2023$2,100,281
Unitemized GrantFY2023$1,018,524
State University of New York (suny Potsdam)FY2022$2,038,927
Unitemized GrantFY2022$1,069,928
State University of New York (suny Potsdam)FY2021$1,816,179
Unitemized GrantFY2021$863,142
Istate University of New York (suny Potsdam)FY2020$978,574
Unitemized GrantFY2020$910,268

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$2.0M
Fees for servicesLn 2g$189K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.1M
Managementcol C$50K
Fundraisingcol D$490K
Owns and owesPt X
$59.3M
net assets · Ln 32
Cash and savingsLn 1–2$918K
Total assetsLn 16$59.3M
LiabilitiesLn 26$46K
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$189K
Investment incomeLn 3$2.0M
Gains on assetsLn 7$959K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$918K
Cash and savings togetherLn 1–2$918K
InvestmentsLn 11–13$56.8M
Land, buildings, equipmentLn 10c$202K
Other assetsLn 15$25K
Total assetsLn 16$59.3M
LiabilitiesLn 26$46K
Net assetsLn 32$59.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$918K
InvestmentsLn 11–13$43.6M$56.8M
Land, buildings, equipmentLn 10c$207K$202K
Total assetsLn 16$45.8M$59.3M
LiabilitiesLn 26$27K$46K
Net assetsLn 32$45.7M$59.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$910K$910K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$15K$15K
Depreciation, depletion and amortizationLn 22$76K$76K
Other expenses (24a–d)Ln 24$507K$17K$490K
Total functional expensesLn 25$2.6M$2.1M$50K$490K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.0M$3.5M$2.5M$71.9M 990 PDF
FY2024 $6.8M$3.9M$2.9M$63.7M 990 PDF
FY2023 $4.3M$3.6M$641K$55.9M 990 PDF
FY2022 $4.8M$3.3M$1.6M$51.7M 990 PDF
FY2021 Viewing $5.8M$2.6M$3.2M$59.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $5,814,782 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,256,763$3,609,607
I-9 Program service revenuePrior year $419,803$188,552
I-10 Investment incomePrior year $1,481,204$2,016,623
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,157,770$5,814,782
I-13 Grants and similar amounts paidPrior year $2,449,365$2,020,383
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $372,639$616,220
I-18 Total expensesPrior year $2,822,004$2,636,603
I-19 Revenue less expensesPrior year $2,335,766$3,178,179
Part VI · Governance 23 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members23
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,814,782 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,609,607
VIII-1g Noncash contributions (included above)$1,091,157
VIII-1h Total contributions, gifts and grants$3,609,607
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $188,552$188,552
VIII-3 Investment incomeExcluded from tax $1,057,197$1,057,197
VIII-7 Net gain or loss on sales of assetsExcluded from tax $959,426$959,426
VIII-12 Total revenueRelated to mission $188,552 · Unrelated business $0 · Excluded from tax $2,016,623$5,814,782
Part IX · Statement of functional expenses $2,636,603 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,110,115$1,110,115
IX-2 Grants to domestic individualsPrograms $910,268$910,268
IX-11c Accounting feesManagement $18,000$18,000
IX-11f Investment management feesManagement $15,000$15,000
IX-22 Depreciation, depletion and amortizationPrograms $76,150$76,150
IX-24 Other expenses (24a–d)Management $17,119 · Fundraising $489,951$507,070
IX-25 Total functional expensesPrograms $2,096,533 · Management $50,119 · Fundraising $489,951$2,636,603
Part X · Balance sheet $59,316,094 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,231,785$917,713
X-3 Pledges and grants receivableStart of year $734,416$1,337,349
X-10c Land, buildings and equipment, netStart of year $206,824$202,179
X-11 Publicly traded securitiesStart of year $42,560,495$55,660,348
X-12 Other securitiesStart of year $1,014,684$1,173,433
X-15 Other assetsStart of year $17,924$25,072
X-16 Total assetsStart of year $45,766,128$59,316,094
X-25 Other liabilitiesStart of year $27,386$46,287
X-26 Total liabilitiesStart of year $27,386$46,287
X-27 Net assets without donor restrictionsStart of year $5,382,422$15,129,317
X-28 Net assets with donor restrictionsStart of year $40,356,320$44,140,490
X-32 Total net assets or fund balancesStart of year $45,738,742$59,269,807
X-33 Total liabilities and net assetsStart of year $45,766,128$59,316,094
Part XI · Reconciliation of net assets $59,269,807 net assets at year end
XI-1 Total revenue$5,814,782
XI-2 Total expenses$2,636,603
XI-3 Revenue less expenses$3,178,179
XI-4 Net assets at start of year$45,738,742
XI-5 Net unrealized gains (losses) on investments$10,364,479
XI-6 Donated services and use of facilities$1,026,852
XI-9 Other changes in net assets−$1,038,445
XI-10 Net assets at end of year$59,269,807

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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