Civic Intelligence

Plattsburgh College Foundation Inc.

990 • Fiscal year 2015 • EIN 14-1484644

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 21, 2016

101 Broad St 107 Hawkins HallPlattsburgh, NY 12901

(518) 564-2090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-24%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$22,426,885

Down $63,915 (-0.3%) from 2014

Net Assets

Down

$22,257,822

Down $43,386 (-0.2%) from 2014

Liabilities

Down

$169,063

Down $20,529 (-11%) from 2014

Revenue

Down

$2,677,158

Down $832,821 (-24%) from 2014

Expenses

Up

$2,093,229

Up $298,000 (+17%) from 2014

Net Income

Down

$583,929

Down $1,130,821 (-66%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $18,173,365Liabilities 2011: $208,500Net Assets 2011: $17,964,8652011Assets 2012: $17,532,890Liabilities 2012: $173,713Net Assets 2012: $17,359,1772012Assets 2013: $19,180,878Liabilities 2013: $201,741Net Assets 2013: $18,979,1372013Assets 2014: $22,490,800Liabilities 2014: $189,592Net Assets 2014: $22,301,2082014Assets 2015: $22,426,885Liabilities 2015: $169,063Net Assets 2015: $22,257,8222015Assets 2016: $22,420,303Liabilities 2016: $186,574Net Assets 2016: $22,233,7292016Assets 2017: $24,442,074Liabilities 2017: $121,839Net Assets 2017: $24,320,2352017Assets 2018: $25,740,171Liabilities 2018: $122,158Net Assets 2018: $25,618,0132018Assets 2019: $28,331,662Liabilities 2019: $147,340Net Assets 2019: $28,184,3222019Assets 2020: $28,061,045Liabilities 2020: $116,477Net Assets 2020: $27,944,5682020Assets 2021: $35,447,207Liabilities 2021: $272,261Net Assets 2021: $35,174,9462021Assets 2022: $36,656,468Liabilities 2022: $323,071Net Assets 2022: $36,333,3972022Assets 2023: $39,342,840Liabilities 2023: $406,302Net Assets 2023: $38,936,5382023Assets 2024: $41,163,520Liabilities 2024: $1,437,314Net Assets 2024: $39,726,2062024Assets 2025: $43,415,969Liabilities 2025: $359,803Net Assets 2025: $43,056,1662025

Highlighted filing

2015

Assets$22,426,885
Liabilities$169,063
Net Assets$22,257,822

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $2,607,814Expenses 2011: $1,454,539Net Income 2011: $1,153,2752011Revenue 2012: $1,697,536Expenses 2012: $1,727,024Net Income 2012: -$29,4882012Expenses 2013: $1,689,9912013Revenue 2014: $3,509,979Expenses 2014: $1,795,229Net Income 2014: $1,714,7502014Revenue 2015: $2,677,158Expenses 2015: $2,093,229Net Income 2015: $583,9292015Revenue 2016: $2,731,192Expenses 2016: $2,323,042Net Income 2016: $408,1502016Revenue 2017: $4,182,142Expenses 2017: $3,631,731Net Income 2017: $550,4112017Revenue 2018: $3,081,319Expenses 2018: $2,388,632Net Income 2018: $692,6872018Revenue 2019: $5,007,991Expenses 2019: $2,853,919Net Income 2019: $2,154,0722019Revenue 2020: $2,925,204Expenses 2020: $2,703,749Net Income 2020: $221,4552020Revenue 2021: $3,539,122Expenses 2021: $2,045,119Net Income 2021: $1,494,0032021Revenue 2022: $8,457,454Expenses 2022: $2,288,854Net Income 2022: $6,168,6002022Revenue 2023: $4,297,455Expenses 2023: $2,933,888Net Income 2023: $1,363,5672023Revenue 2024: $3,441,662Expenses 2024: $5,503,389Net Income 2024: -$2,061,7272024Revenue 2025: $4,032,470Expenses 2025: $3,345,288Net Income 2025: $687,1822025

Highlighted filing

2015

Revenue$2,677,158
Expenses$2,093,229
Net Income$583,929
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 21, 2016
Return Version
2014v6.0
Gross Receipts
$3,162,721
Mission and Program Overview

Mission

The plattsburgh college foundation is operated for the benefit of the state university of new york at plattsburgh.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$20,041,789$20,242,128▲ $200,339
Pledges and Grants Receivable$1,445,215$1,185,731▼ $259,484
Cash and Non-Interest-Bearing Accounts$594,086$468,723▼ $125,363
Savings and Temporary Cash Investments$356,789$437,615▲ $80,826
Accounts Receivable$17,639$58,206▲ $40,567
Land, Buildings, and Equipment, Net$34,482$34,482→ $0
Prepaid Expenses and Deferred Charges$800--
Total Assets$22,490,800$22,426,885▼ $63,915
Liabilities
Other Liabilities$160,592$152,385▼ $8,207
Accounts Payable and Accrued Expenses$29,000$16,678▼ $12,322
Total Liabilities$189,592$169,063▼ $20,529
Net Assets / Fund Balance
Permanently Rstr Net Assets$12,138,521$12,594,894▲ $456,373
Unrestricted Net Assets$6,923,037$6,342,917▼ $580,120
Temporarily Rstr Net Assets$3,239,650$3,320,011▲ $80,361
Total Net Assets Fund Balance$22,301,208$22,257,822▼ $43,386
Total Liabilities and Net Assets / Fund Balance$22,490,800$22,426,885▼ $63,915

Asset Categories

AssetBook ValueDepreciationBasis
Land$34,482--
Equipment-$29,560-
Other Securities$612,329--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$18,022,547$1,276,068▲ $154,911$826,211$18,627,315
2013$15,570,073$637,247▲ $2,529,307$714,080$18,022,547
2012$13,833,267$939,950▲ $1,304,531$507,675$15,570,073
2011$14,075,244$331,726▲ $24,643$598,346$13,833,267
2010$11,529,607$348,862▲ $2,684,250$487,475$14,075,244
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,885,230
Program Service Revenue
$0
Investment Income
$752,140
Other Revenue
$39,788
All Other Contributions
$1,427,130
Change in Net Assets
$583,929

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$59,046
Securities Publicly Traded10$57,961
Total Noncash Contributions11$117,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,652,920
Revenue Not Reported on Financial Statements
$24,238
Revenue Not Reported on Form 990
$-71,572
Other Revenue Adjustments
$24,238
Total Revenue per Audited Statements
$2,581,348
Total Revenue per Form 990
$2,677,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,263,744
Other Expenses$829,485
Total Fundraising Expense$193,592
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,263,744--$1,263,744
All Other Expenses$42,084$9,856$86,990$138,930
Travel$23,226-$48,755$71,981
Fees for Services Other$30,759-$25,997$56,756
Other Expenses$27,049-$312$27,049
Fees for Service Investment Mgmnt Fees-$19,416-$19,416
Conferences and Meetings$9,497$4,903$4,089$18,489
Fees for Services Accounting$658$12,042-$12,700
Insurance$5,103$3,525-$8,628
Advertising$5,231-$1,183$6,414
Fees for Services Legal$3,302$2,697-$5,999
Total Functional Expenses$1,847,198$52,439$193,592$2,093,229

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,135,063
Expenses per Audited Statements$2,093,229
Total Expenses per Form 990$2,093,229
Expenses Not Reported on Form 990$41,834
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payment Liability$152,375
Sales Tax Payable$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The organization has members that elect the board of directors.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The foundation requires completion of additional disclosure statements whenever a new or potential conflict of interest arises. All disclosure statements are approved by the board president or vice-president in the case of the president's absence. Cummulative annual transactions of 5,000 involving related or affiliated individuals require board approval. The board then has the authority to remove individuals that do not comply with the pollicy.

Form 990, Page 6, Part VI, Line 19

The foundation makes its governing documents and conflict of interest policy available upon request. Copies of financial statements are available at the college library.

Filing and Contact Details

Filer

Filer Name
Plattsburgh College Foundation
EIN
14-1484644
Phone
5185642090
Address
101 BROAD ST 107 HAWKINS HALL, PLATTSBURGH, NY 12901

Signing Officer

Name
Kathy Magaw
Title
Treasurer
Phone
5185642090
Signed
2016-01-21

Organization Details

Principal Officer
Daniel Burke
Formed
1964
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
21
Employees
0

Preparer

Firm
Boulrice & Wood Cpas Pc
Address
4549 STATE ROUTE 9, PLATTSBURGH, NY 12901
Preparer
Stephen P Wood CPA
Phone
5185613790
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The collections, which were acquired through purchases and contributions since the foundations's inception, are not recognized as assets on the consolidated statement of financial position. Purchases of collection items are recoreded as decreases in unrestricted net assets in the year in which the items are acquired, or as temporarily restricted net assets if the assets used the purchase the items are restricted by donors. Contributed collection items are not reflectred on the consolidated financial statements. Proceeds from deacessions and insurance recoveries are reflected as increases in the appropriate net asset classes.

Schedule D, Page 2, Part III, Line 4

The foundation's collection consist primarily of artwork, which is held for educational and curatorial purposes.

Schedule D, Page 3, Part X

Tax exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax exempt status. Mamagement believes that the organization has no other uncertain tax postitions

Schedule D, Page 4, Part XI, Line 2D

Allen howard foundation 585,961

Schedule D, Page 4, Part XI, Line 4B

Change in value split insurance 24,238

Schedule D, Page 4, Part XII, Line 2D

Allen howard foundation 41,834

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$43.4$0.36$43.1$4.03$3.35$0.69
2024Detailed filing. Detailed filing data is available for this year.$41.2$1.44$39.7$3.44$5.50$2.06
2023Detailed filing. Detailed filing data is available for this year.$39.3$0.41$38.9$4.30$2.93$1.36
2022Detailed filing. Detailed filing data is available for this year.$36.7$0.32$36.3$8.46$2.29$6.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.4$0.27$35.2$3.54$2.05$1.49
2020Detailed filing. Detailed filing data is available for this year.$28.1$0.12$27.9$2.93$2.70$0.22
2019Detailed filing. Detailed filing data is available for this year.$28.3$0.15$28.2$5.01$2.85$2.15
2018Detailed filing. Detailed filing data is available for this year.$25.7$0.12$25.6$3.08$2.39$0.69
2017Detailed filing. Detailed filing data is available for this year.$24.4$0.12$24.3$4.18$3.63$0.55
2016Detailed filing. Detailed filing data is available for this year.$22.4$0.19$22.2$2.73$2.32$0.41
2015Detailed filing. Detailed filing data is available for this year.$22.4$0.17$22.3$2.68$2.09$0.58
2014Detailed filing. Detailed filing data is available for this year.$22.5$0.19$22.3$3.51$1.80$1.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$0.20$19.0$1.69
2012Summary only. Only limited summary data is available for this year.$17.5$0.17$17.4$1.70$1.73$0.03
2011Summary only. Only limited summary data is available for this year.$18.2$0.21$18.0$2.61$1.45$1.15