Schenectady Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 61-1600398)

Revenue by fiscal year
FY2020	$1.0M
FY2021	$946K
FY2022	$1.1M
FY2023	$737K
FY2024	$959K

Expenses by fiscal year
FY2020	$933K
FY2021	$938K
FY2022	$939K
FY2023	$917K
FY2024	$886K

Net assets by fiscal year
FY2020	$475K
FY2021	$482K
FY2022	$648K
FY2023	$468K
FY2024	$541K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2010.

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

Where the money goes

82 cents of each dollar spent went to programs.

82%

15%

Program services 82% · $768K Management & general 15% · $136K Fundraising 4% · $34K

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

9 people listed on the 990; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation

Robert Carreau

Executive Director

$137,641Pt VII · Sec A

Deborah Mullaney

Director

$0Pt VII · Sec A

Mona Golub

Director

$0Pt VII · Sec A

Robert Bylancik

Director

$0Pt VII · Sec A

Omayra Padilla Dejesus

Chair

$0Pt VII · Sec A

Martha Asselin

Vice Chair

$0Pt VII · Sec A

Joseph Tardi

Secretary

$0Pt VII · Sec A

Michael Ozimek

Treasurer

$0Pt VII · Sec A

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.

See Schenectady 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 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.

Questions for Schenectady Foundation INC

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Provided by the organization

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2 programs · $768K · in their own filed words · FY2021

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.

$663Kprogram 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 assistance to grant applications and grantees, reviewing and evaluating applications, ensuring due diligence…

$105Kprogram 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$946K

Ln 12

Gifts and grantsLn 1h$946K

Investment incomeLn 3$13

Money outPt IX

$938K

Ln 25

Programscol B$768K

Managementcol C$136K

Fundraisingcol D$34K

Owns and owesPt X

$482K

net assets · Ln 32

Cash and savingsLn 1–2$411K

Total assetsLn 16$543K

LiabilitiesLn 26$61K

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$946K

Government grantsLn 1e$88K

Investment incomeLn 3$13

Total revenueLn 12$946K

Assets in detailPt X, end of year

CashLn 1$289K

SavingsLn 2$122K

Cash and savings togetherLn 1–2$411K

Land, buildings, equipmentLn 10c$2K

Total assetsLn 16$543K

LiabilitiesLn 26$61K

Net assetsLn 32$482K

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 FY21	End FY21
Cash and savingsLn 1–2	$334K	$411K
Land, buildings, equipmentLn 10c	$3K	$2K
Total assetsLn 16	$486K	$543K
LiabilitiesLn 26	$12K	$61K
Net assetsLn 32	$475K	$482K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$399K	$399K
Pay of current officers, directors and key staffLn 5	$150K	$102K	$37K	$11K
Other salaries and wagesLn 7	$161K	$110K	$39K	$12K
Pension plan contributionsLn 8	$5K	$3K	$1K	$378
Other employee benefitsLn 9	$10K	$7K	$2K	$767
Payroll taxesLn 10	$22K	$15K	$5K	$2K
Legal feesLn 11b	$4K		$4K
Accounting feesLn 11c	$8K		$8K
Other fees for servicesLn 11g	$128K	$100K	$28K
Advertising and promotionLn 12	$2K	$2K	$164	$50
Office expensesLn 13	$18K	$13K	$3K	$2K
OccupancyLn 16	$18K	$12K	$4K	$1K
TravelLn 17	$740	$535	$156	$49
Depreciation, depletion and amortizationLn 22	$874		$874
InsuranceLn 23	$6K	$4K	$1K	$457
Other expenses (24a–d)Ln 24	$7K	$2K	$2K	$4K
Total functional expensesLn 25	$938K	$768K	$136K	$34K

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 Viewing	$946K	$938K	$8K	$482K	990 PDF
FY2020	$1.0M	$933K	$98K	$475K	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 $946,152 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,030,580$946,139

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $6$13

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,030,586$946,152

I-13 Grants and similar amounts paidPrior year $458,008$398,545

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

I-15 Salaries and benefitsPrior year $378,249$347,644

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

I-17 Other expensesPrior year $96,486$192,289

I-18 Total expensesPrior year $932,743$938,478

I-19 Revenue less expensesPrior year $97,843$7,674

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 $946,152 across 6 lines filed

VIII-1d Related organizations$538,720

VIII-1e Government grants$87,986

VIII-1f All other contributions, gifts and grants$319,433

VIII-1h Total contributions, gifts and grants$946,139

VIII-3 Investment incomeExcluded from tax $13$13

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13$946,152

Part IX · Statement of functional expenses $938,478 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $398,545$398,545

IX-5 Pay of current officers, directors and key staffPrograms $102,003 · Management $36,602 · Fundraising $11,400$150,005

IX-7 Other salaries and wagesPrograms $109,625 · Management $39,159 · Fundraising $12,245$161,029

IX-8 Pension plan contributionsPrograms $3,381 · Management $1,213 · Fundraising $378$4,972

IX-9 Other employee benefitsPrograms $6,869 · Management $2,465 · Fundraising $767$10,101

IX-10 Payroll taxesPrograms $14,645 · Management $5,255 · Fundraising $1,637$21,537

IX-11b Legal feesManagement $4,210$4,210

IX-11c Accounting feesManagement $7,725$7,725

IX-11g Other fees for servicesPrograms $100,000 · Management $28,081$128,081

IX-12 Advertising and promotionPrograms $1,627 · Management $164 · Fundraising $50$1,841

IX-13 Office expensesPrograms $12,502 · Management $3,126 · Fundraising $2,285$17,913

IX-16 OccupancyPrograms $12,240 · Management $4,392 · Fundraising $1,368$18,000

IX-17 TravelPrograms $535 · Management $156 · Fundraising $49$740

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

IX-23 InsurancePrograms $4,095 · Management $1,469 · Fundraising $457$6,021

IX-24 Other expenses (24a–d)Programs $1,769 · Management $1,531 · Fundraising $3,584$6,884

IX-25 Total functional expensesPrograms $767,836 · Management $136,422 · Fundraising $34,220$938,478

Part X · Balance sheet $542,812 assets, 12 lines filed

Asset lines not itemized here account for $30,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $101,680$288,895

X-2 Savings and temporary cash investmentsStart of year $232,359$121,886

X-4 Accounts receivableStart of year $149,050$96,050

X-9 Prepaid expenses and deferred chargesStart of year $422$4,015

X-10c Land, buildings and equipment, netStart of year $2,840$1,966

X-16 Total assetsStart of year $486,351$542,812

X-17 Accounts payable and accrued expensesStart of year $11,732$60,519

X-26 Total liabilitiesStart of year $11,732$60,519

X-27 Net assets without donor restrictionsStart of year $42,735$81,708

X-28 Net assets with donor restrictionsStart of year $431,884$400,585

X-32 Total net assets or fund balancesStart of year $474,619$482,293

X-33 Total liabilities and net assetsStart of year $486,351$542,812

Part XI · Reconciliation of net assets $482,293 net assets at year end

XI-1 Total revenue$946,152

XI-2 Total expenses$938,478

XI-3 Revenue less expenses$7,674

XI-4 Net assets at start of year$474,619

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$482,293

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

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Schenectady Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Questions for Schenectady Foundation INC

Strategic Initiatives

Grants and Scholarships Made

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV