Schenectady Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 61-1600398)

Robert Carreau’s $168K as Executive Director is at the 97th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Robert Carreau	$168,331	$155,586	$148,734	$137,641	$153,143

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports the Schenectady Foundation with administrative and operational tasks.

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2 programs · $772K · in their own filed words · FY2020

01

Strategic Initiatives

The schenectady foundation's community priorities and strategic initiatives are carried out through the work of the schenectady foundation, inc. New priorities are adopted from time to time by the foundation.

$689Kprogram expense

02

Grants and Scholarships Made

The schenectady foundation, inc. Provides administrative and operating support to the grants and scholarship programs of the schenectady foundation, including the creation of grant applications and processes, providing technical assistantance to grant applications and grantees, reviewing and evaluating applications, ensuring due…

$82Kprogram 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 · FY2023

Donor Advised Charitable Giving INCFY2023$6K

Total grants receivedfrom 1 funder$6K

Grants paid · 34 grants · $1.2M · 2020–2024

Regional Food Bank of N E NY INCNY · FY2024$60,000

Social Enterprise and Training CenterNY · FY2024$26,045

Albany Barn INCNY · FY2024$17,824

Schenectady Municipal Housing AuthorityFY2024$16,837

Land Reutilization Corporation of the Capital RegionNY · FY2024$15,820

Sycamore CollaborativeNY · FY2024$10,000

Regional Food Bank of N E NY INCNY · FY2023$141,098

Electric City Food Co-OpFY2023$20,000

Schenectady County Community College Foundation INCNY · FY2023$15,165

Land Reutilization Corporation of the Capital RegionNY · FY2023$11,384

Schenectady Municipal Housing AuthorityFY2023$10,350

Schenectady Inner City Ministry INCNY · FY2023$5,030

Land Reutilization Corporation of the Capital RegionNY · FY2021$125,160

Regional Food Bank of N E NY INCNY · FY2021$86,000

Social Enterprise and Training CenterNY · FY2021$52,275

Albany Barn INCNY · FY2021$46,150

Schenectady Community Action Program INCNY · FY2021$46,000

C R E A T E Community Studios INCNY · FY2021$19,947

See all 34 grants →

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.0M

Ln 12

Gifts and grantsLn 1h$1.0M

Investment incomeLn 3$6

Money outPt IX

$933K

Ln 25

Programscol B$772K

Managementcol C$118K

Fundraisingcol D$43K

Owns and owesPt X

$475K

net assets · Ln 32

Cash and savingsLn 1–2$334K

Total assetsLn 16$486K

LiabilitiesLn 26$12K

PeoplePt VI, VII

9

listed · VII A

PaidVII A1

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.0M

Government grantsLn 1e$71K

Investment incomeLn 3$6

Total revenueLn 12$1.0M

Assets in detailPt X, end of year

CashLn 1$102K

SavingsLn 2$232K

Cash and savings togetherLn 1–2$334K

Land, buildings, equipmentLn 10c$3K

Total assetsLn 16$486K

LiabilitiesLn 26$12K

Net assetsLn 32$475K

OperationsPt I, VI

EmployeesI 58

VolunteersI 6350

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$308K	$334K
Land, buildings, equipmentLn 10c	$4K	$3K
Total assetsLn 16	$509K	$486K
LiabilitiesLn 26	$24K	$12K
Net assetsLn 32	$485K	$475K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$458K	$458K
Pay of current officers, directors and key staffLn 5	$166K	$133K	$19K	$14K
Other salaries and wagesLn 7	$176K	$109K	$49K	$18K
Pension plan contributionsLn 8	$5K	$4K	$2K	$87
Other employee benefitsLn 9	$8K	$2K	$5K	$247
Payroll taxesLn 10	$23K	$17K	$4K	$2K
Other fees for servicesLn 11g	$35K	$8K	$26K	$851
Advertising and promotionLn 12	$2K	$2K	$455	$200
Office expensesLn 13	$23K	$16K	$3K	$4K
OccupancyLn 16	$18K	$13K	$4K	$2K
TravelLn 17	$2K	$2K	$452	$29
Depreciation, depletion and amortizationLn 22	$874		$874
InsuranceLn 23	$3K	$2K	$1K	$296
Other expenses (24a–d)Ln 24	$12K	$8K	$3K	$936
Total functional expensesLn 25	$933K	$772K	$118K	$43K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$959K	$886K	$73K	$541K	990 PDF
FY2023	$737K	$917K	−$180K	$468K	990 PDF
FY2022	$1.1M	$939K	$166K	$648K	990 PDF
FY2021	$946K	$938K	$8K	$482K	990 PDF
FY2020 Viewing	$1.0M	$933K	$98K	$475K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,030,586 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $936,620$1,030,580

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $42$6

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $936,662$1,030,586

I-13 Grants and similar amounts paidPrior year $354,552$458,008

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $318,695$378,249

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $107,022$96,486

I-18 Total expensesPrior year $780,269$932,743

I-19 Revenue less expensesPrior year $156,393$97,843

Part VI · Governance 6 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsYes

VI-14 Document retention and destruction policyNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,030,586 across 6 lines filed

VIII-1d Related organizations$659,730

VIII-1e Government grants$71,362

VIII-1f All other contributions, gifts and grants$299,488

VIII-1h Total contributions, gifts and grants$1,030,580

VIII-3 Investment incomeExcluded from tax $6$6

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6$1,030,586

Part IX · Statement of functional expenses $932,743 across 14 lines filed

IX-1 Grants to domestic organizationsPrograms $458,008$458,008

IX-5 Pay of current officers, directors and key staffPrograms $132,694 · Management $18,932 · Fundraising $14,449$166,075

IX-7 Other salaries and wagesPrograms $108,972 · Management $49,280 · Fundraising $17,827$176,079

IX-8 Pension plan contributionsPrograms $3,521 · Management $1,580 · Fundraising $87$5,188

IX-9 Other employee benefitsPrograms $2,450 · Management $4,877 · Fundraising $247$7,574

IX-10 Payroll taxesPrograms $16,759 · Management $4,385 · Fundraising $2,189$23,333

IX-11g Other fees for servicesPrograms $7,514 · Management $26,445 · Fundraising $851$34,810

IX-12 Advertising and promotionPrograms $1,616 · Management $455 · Fundraising $200$2,271

IX-13 Office expensesPrograms $16,116 · Management $3,153 · Fundraising $3,878$23,147

IX-16 OccupancyPrograms $12,582 · Management $3,762 · Fundraising $1,656$18,000

IX-17 TravelPrograms $1,580 · Management $452 · Fundraising $29$2,061

IX-22 Depreciation, depletion and amortizationManagement $874$874

IX-23 InsurancePrograms $2,041 · Management $1,118 · Fundraising $296$3,455

IX-24 Other expenses (24a–d)Programs $7,899 · Management $3,033 · Fundraising $936$11,868

IX-25 Total functional expensesPrograms $771,752 · Management $118,346 · Fundraising $42,645$932,743

Part X · Balance sheet $486,351 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $138,202$101,680

X-2 Savings and temporary cash investmentsStart of year $169,814$232,359

X-4 Accounts receivableStart of year $196,487$149,050

X-9 Prepaid expenses and deferred chargesStart of year $443$422

X-10c Land, buildings and equipment, netStart of year $3,714$2,840

X-16 Total assetsStart of year $508,660$486,351

X-17 Accounts payable and accrued expensesStart of year $7,078$11,732

X-26 Total liabilitiesStart of year $23,552$11,732

X-27 Net assets without donor restrictionsStart of year −$69,832$42,735

X-28 Net assets with donor restrictionsStart of year $554,940$431,884

X-32 Total net assets or fund balancesStart of year $485,108$474,619

X-33 Total liabilities and net assetsStart of year $508,660$486,351

Part XI · Reconciliation of net assets $474,619 net assets at year end

XI-1 Total revenue$1,030,586

XI-2 Total expenses$932,743

XI-3 Revenue less expenses$97,843

XI-4 Net assets at start of year$485,108

XI-9 Other changes in net assets−$108,332

XI-10 Net assets at end of year$474,619

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Schenectady Foundation INC FY2020 filing

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