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
73 cents of each dollar spent went to programs.
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
11 people listed on the 990; $149K paid to officers and key staff.
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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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.
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…
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $411K | $459K |
| Land, buildings, equipmentLn 10c | $2K | $1K |
| Total assetsLn 16 | $543K | $667K |
| LiabilitiesLn 26 | $61K | $19K |
| Net assetsLn 32 | $482K | $648K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $227K | $227K | ||
| Pay of current officers, directors and key staffLn 5 | $167K | $102K | $38K | $27K |
| Other salaries and wagesLn 7 | $221K | $136K | $51K | $35K |
| Pension plan contributionsLn 8 | $5K | $3K | $1K | $828 |
| Other employee benefitsLn 9 | $23K | $14K | $5K | $4K |
| Payroll taxesLn 10 | $27K | $16K | $6K | $4K |
| Legal feesLn 11b | $420 | $420 | ||
| Accounting feesLn 11c | $21K | $21K | ||
| Other fees for servicesLn 11g | $180K | $152K | $28K | $434 |
| Advertising and promotionLn 12 | $380 | $301 | $79 | |
| Office expensesLn 13 | $25K | $17K | $4K | $5K |
| OccupancyLn 16 | $19K | $12K | $4K | $3K |
| TravelLn 17 | $3K | $2K | $727 | $490 |
| Depreciation, depletion and amortizationLn 22 | $874 | $874 | ||
| InsuranceLn 23 | $6K | $4K | $1K | $941 |
| Other expenses (24a–d)Ln 24 | $12K | $5K | $2K | $5K |
| Total functional expensesLn 25 | $939K | $690K | $164K | $85K |
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 Viewing | $1.1M | $939K | $166K | $648K | 990 PDF |
| FY2021 | $946K | $938K | $8K | $482K | 990 PDF |
| FY2020 | $1.0M | $933K | $98K | $475K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,104,395 across 6 lines filed
Part IX · Statement of functional expenses $938,530 across 16 lines filed
Part X · Balance sheet $666,789 assets, 12 lines filed
Part XI · Reconciliation of net assets $648,158 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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