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
69 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; $156K 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
Schenectady foundation, inc. Carries out the foundation's community priorities and strategic INITIATIVES.NEW priorities are adopted from time to time by the FOUNDATION.IN 2023, strategic initiatives INCLUDED:1. Food security: a.
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $459K | $432K |
| Land, buildings, equipmentLn 10c | $1K | $18K |
| Total assetsLn 16 | $667K | $672K |
| LiabilitiesLn 26 | $19K | $204K |
| Net assetsLn 32 | $648K | $468K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $254K | $254K | ||
| Pay of current officers, directors and key staffLn 5 | $173K | $105K | $43K | $25K |
| Other salaries and wagesLn 7 | $220K | $137K | $51K | $32K |
| Pension plan contributionsLn 8 | $8K | $5K | $2K | $1K |
| Other employee benefitsLn 9 | $26K | $16K | $7K | $4K |
| Payroll taxesLn 10 | $27K | $17K | $7K | $4K |
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $76K | $37K | $36K | $3K |
| Advertising and promotionLn 12 | $5K | $2K | $858 | $2K |
| Office expensesLn 13 | $32K | $19K | $6K | $7K |
| OccupancyLn 16 | $21K | $13K | $5K | $3K |
| Conferences, conventions and meetingsLn 19 | $26K | $16K | $6K | $3K |
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $6K | $4K | $2K | $932 |
| Other expenses (24a–d)Ln 24 | $20K | $6K | $8K | $6K |
| Total functional expensesLn 25 | $917K | $630K | $196K | $91K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $959K | $886K | $73K | $541K | 990 PDF |
| FY2023 Viewing | $737K | $917K | −$180K | $468K | 990 PDF |
| FY2022 | $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 FY2023 990 (6 parts)
Part I · Summary $736,964 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $736,964 across 6 lines filed
Part IX · Statement of functional expenses $917,369 across 15 lines filed
Part X · Balance sheet $671,565 assets, 15 lines filed
Part XI · Reconciliation of net assets $467,753 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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