Civic Intelligence

The Schenectady Foundation

990 • Fiscal year 2021 • EIN 14-6019650

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 11, 2022

376 Broadway 2nd FlrSchenectady, NY 12305

(518) 393-9500

Siviq Scores

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

Liabilities / Assets

79th percentile

0.02x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • NTEE T • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.22x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • NTEE T • $50M-$100M nonprofits • Source year 2021

Net Margin

57th percentile

57%

Higher net margin than 57% of similar nonprofits.

2021 filings • NTEE T • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$182,386

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • NTEE T • $50M-$100M nonprofits • Source year 2021

Asset Growth

53rd percentile

14%

Faster asset growth than 53% of similar nonprofits.

2021 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

137%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$55,199,163

Up $6,605,331 (+14%) from 2020

Net Assets

Up

$54,024,113

Up $5,967,631 (+12%) from 2020

Liabilities

Up

$1,175,050

Up $637,700 (+119%) from 2020

Revenue

Up

$5,442,270

Up $3,149,494 (+137%) from 2020

Expenses

Up

$2,348,958

Up $536,747 (+30%) from 2020

Net Income

Up

$3,093,312

Up $2,612,747 (+544%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $17,129,858Liabilities 2010: $0Net Assets 2010: $17,129,8582010Assets 2011: $18,010,307Liabilities 2011: $0Net Assets 2011: $18,010,3072011Assets 2012: $18,112,931Liabilities 2012: $0Net Assets 2012: $18,112,9312012Assets 2013: $18,310,987Liabilities 2013: $0Net Assets 2013: $18,310,9872013Assets 2014: $14,821,555Liabilities 2014: $0Net Assets 2014: $14,821,5552014Assets 2015: $14,247,149Liabilities 2015: $0Net Assets 2015: $14,247,1492015Assets 2016: $13,652,006Liabilities 2016: $0Net Assets 2016: $13,652,0062016Assets 2017: $39,110,208Liabilities 2017: $784,749Net Assets 2017: $38,325,4592017Assets 2018: $37,142,195Liabilities 2018: $1,191,054Net Assets 2018: $35,951,1412018Assets 2019: $43,439,608Liabilities 2019: $860,000Net Assets 2019: $42,579,6082019Assets 2020: $48,593,832Liabilities 2020: $537,350Net Assets 2020: $48,056,4822020Assets 2021: $55,199,163Liabilities 2021: $1,175,050Net Assets 2021: $54,024,1132021Assets 2022: $45,821,219Liabilities 2022: $1,875,375Net Assets 2022: $43,945,8442022Assets 2023: $51,236,167Liabilities 2023: $1,547,350Net Assets 2023: $49,688,8172023Assets 2024: $56,001,047Liabilities 2024: $1,353,500Net Assets 2024: $54,647,5472024

Highlighted filing

2021

Assets$55,199,163
Liabilities$1,175,050
Net Assets$54,024,113

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,627,2452010Expenses 2011: $866,7672011Expenses 2012: $1,217,9182012Revenue 2013: $1,212,735Expenses 2013: $1,014,679Net Income 2013: $198,0562013Revenue 2014: $1,485,892Expenses 2014: $981,942Net Income 2014: $503,9502014Revenue 2015: $1,088,637Expenses 2015: $1,663,043Net Income 2015: -$574,4062015Revenue 2016: $1,327,445Expenses 2016: $1,922,589Net Income 2016: -$595,1442016Revenue 2017: $3,227,784Expenses 2017: $1,457,009Net Income 2017: $1,770,7752017Revenue 2018: $1,913,729Expenses 2018: $1,687,104Net Income 2018: $226,6252018Revenue 2019: $2,031,752Expenses 2019: $1,303,873Net Income 2019: $727,8792019Revenue 2020: $2,292,776Expenses 2020: $1,812,211Net Income 2020: $480,5652020Revenue 2021: $5,442,270Expenses 2021: $2,348,958Net Income 2021: $3,093,3122021Revenue 2022: $1,792,002Expenses 2022: $2,418,619Net Income 2022: -$626,6172022Revenue 2023: $2,957,210Expenses 2023: $2,240,624Net Income 2023: $716,5862023Revenue 2024: $3,458,158Expenses 2024: $2,518,678Net Income 2024: $939,4802024

Highlighted filing

2021

Revenue$5,442,270
Expenses$2,348,958
Net Income$3,093,312
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 11, 2022
Return Version
2021v4.2
Gross Receipts
$6,575,608
Mission and Program Overview

Mission

The mission of the schenectady foundation is to achieve sustainable improvement in the well being of the people, organizations and neighborhoods in schenectady county through the investment of philanthropic resources.

The schenectady foundation is a philanthropic trust established to assist and promote the welfare of residents of schenectady county, new york. The foundation makes grants to tax exempt charities that effectively address the needs and issues of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$42,547,201$47,876,940▲ $5,329,739
Savings and Temporary Cash Investments$1,177,571$2,287,618▲ $1,110,047
Pledges and Grants Receivable$1,717,503$1,770,700▲ $53,197
Accounts Receivable$21,957$29,005▲ $7,048
Total Assets$48,593,832$55,199,163▲ $6,605,331
Other Assets Total$3,129,600$3,234,900▲ $105,300
Liabilities
Grants Payable$537,350$1,175,050▲ $637,700
Total Liabilities$537,350$1,175,050▲ $637,700
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,193,227$47,515,290▲ $5,322,063
Net Assets With Donor Restrictions$5,863,255$6,508,823▲ $645,568
Total Net Assets Fund Balance$48,056,482$54,024,113▲ $5,967,631
Total Liabilities and Net Assets / Fund Balance$48,593,832$55,199,163▲ $6,605,331

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,234,900--
Other Securities$15,024,307--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,447,354-▲ $132,941-$1,580,295
2020$1,418,631$-64,907▲ $93,630-$1,447,354
2019$1,263,265$38,681▲ $116,685-$1,418,631
2018$1,281,544-▼ $18,279-$1,263,265
2017$1,203,393-▲ $78,151-$1,281,544
Compensation and Service Providers

Employees

NameTitleBaseTotal
Deborah MullaneyTrustee$182,386$182,386
Mona GolubTrustee$23,711$23,711
Robert BylancikTrustee$866$866

Board Members and Trustees

NameTitle
Michael OzimekChair
-Vice Chair
Robert CarreauExecutive Director and Secretary
-Assistant Treasurer
Herbert L Shultz JrDistribution Committee Mem
Joseph TardiDistribution Committee Mem
Martha AsselinDistribution Committee Mem
Omayra Padilla DejesusDistribution Committee Mem
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,292,456
Program Service Revenue
$0
Investment Income
$4,149,814
Other Revenue
$0
All Other Contributions
$1,292,456
Change in Net Assets
$3,093,312

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,442,270
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,667,356
Total Revenue per Audited Statements
$8,109,626
Total Revenue per Form 990
$5,442,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,528,800
Other Expenses$820,158
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,494,300--$1,494,300
Payments to Affiliates$598,720--$598,720
Fees for Service Investment Mgmnt Fees-$206,963-$206,963
Grants to Domestic Individuals$34,500--$34,500
Fees for Services Other-$14,475-$14,475
Total Functional Expenses$2,127,520$221,438$0$2,348,958

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,348,958
Expenses per Audited Statements$2,141,995
Total Expenses per Audited Statements$2,141,995
Expenses Not Reported on Financial Statements$206,963
Other Expense Adjustments$206,963
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Regional Food Bank-501(c)(3)UNDERSERVED SCHENECTADY NEIGHBORHOODS; AND FOOD DELIVERY TRUCK$204,400
Better Community Neighborhoods Inc-501(c)(3)Housing Counseling and Financial Literacy$200,000
Hometown Health Center-501(c)(3)Dental Clinic$200,000
Schenectady Inner City Ministries-501(c)(3)Health Living 360$100,600
Bethesda House-501(c)(3)Cara House Supportive Housing$100,000
Schenectady Community Action Program-501(c)(3)Crn Emergency Fund$85,000
Messiah Lutheran-501(c)(3)Trinity Community Center Food Pantry$75,000
Boys & Girls Clubs of Schenectady-501(c)(3)Grab-and-go Prepared Meals$74,750
Schenectady Day Nursery-501(c)(3)Water Damage Repair$70,000
The Food Pantries of the Capital District-501(c)(3)Food Access Referral Line$50,000
City Mission of Schenectady-501(c)(3)Food Pantry Box Delivery$40,000
Liberty Church-501(c)(3)Liberty Learning Center$40,000
Create Community Studios-501(c)(3)BRIDGE THE GAP: EXPRESSIVE ARTS AND SCHENECTADY STUDIO DIRECTOR$34,000
Mediation Matters-501(c)(3)Conflict Resolution Programming$34,000
Schenectady Hindu Temple & Community Services-501(c)(3)Transformation on Pleasant Street$25,000
Schenectady Job Training Agency-501(c)(3)CREDIBLE MESSENGERS-UNCOVERING THE EMERGING WORKFORCE; AND MOHONASEN CAREER CONNECTIONS$25,000
Schenectady Museum Association-501(c)(3)Renovation Misci Entry Plaza$25,000
Capital Roots-501(c)(3)Capital Region Food Policy Council$20,000
Schenectady Greenmarket-501(c)(3)Greenmarket Food Box Program$20,000
Albany Can Code Inc-501(c)(3)Digital Literacy and Tech Training$18,300
Empire State Youth Orchestras-501(c)(3)Chime$15,000
The Center for Community Justice-501(c)(3)Police Virtual Reality De-escalation Training$11,000
Capital Region Classical-501(c)(3)Dover String Quartet$10,000
Creative Placemaking Communities-501(c)(3)Northeast & Mid-atlantic Cp Leadership Summit$10,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Distribution Committee MemberGRANT TO MISCI (SCHENECTADY MUSEUM ASSOCIATION). THIS DONOR-ADVISED FUND GRANT CAME FROM NEIL GOLUB'S DAF. MONA IS HIS DAUGHTER. SHE RECUSED HERSELF FROM THE VOTE. A GRANT OF $25,000 WAS APPROVED IN 2021. $25,000 WAS DISBURSED IN 2021.No$25,000
-Distribution Committee MemberJOSEPH TARDI PROVIDES MARKETING AND CONSULTING SERVICES TO TRUSTCO BANK, A TRUSTEE BANK TO THE SCHENECTADY FOUNDATION. THE MAJORITY OF THE FOUNDATION'S INVESTMENTS ARE CURRENTLY HELD AT TRUSTCO BANKNo$0
Michael OzimekAssistant TreasurerMICHAEL OZIMEK IS AN EXECUTIVE OFFICER OF TRUSTCO BANK. HE IS ALSO A MEMBER OF THE TRUST COMMITTEE AT TRUSTCO BANK. THE MAJORITY OF THE FOUNDATION'S INVESTMENTS ARE CURRENTLY HELD AT TRUSTCO BANK.No$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael ozimek is assistant treasurer to the organization and has a business relationship to one of the institutional trustees. He is cfo and executive vice president of trustco bank and he is a member of the trust committee at the bank. The majority of the organization's investments are currently held at trustco bank.

Form 990, Part VI, Section A, Line 3

The organization delegates management duties to the schenectady foundation, inc. Which is a related not-for-profit organization.

Form 990, Part VI, Section A, Line 7A

The appointing authority and trustees committee of the schenectady foundation appoint members of the distribution committee.

Form 990, Part VI, Section A, Line 7B

Changes to resolution & declaration of the trust are subject to approval by the distribution committee, appointing authority and the trustees committee.

Form 990, Part VI, Section B, Line 11B

As part of the annual audit, our independent certified public accounting firm prepares form 990 and related supporting schedules from our internal records. We oversee these services and we make all management decisions and perform all management functions. A copy of form 990 is provided to the distribution committee of the foundation for review and signature before being filed with the irs. We have reviewed, approved, and accepted responsibility for form 990 and the related schedules and believe they are adequately supported by the books and records of the schenectady foundation.

Form 990, Part VI, Section B, Line 12C

A list of disclosed relationships is shared in writing with the distribution committee, officers and staff at the start of each meeting. All are asked to identify any new relationships that may give rise to a conflict of interest. Members of the distribution committee do not participate in voting regarding any resolution that pertains to a business or organization in which they have an interest.

Form 990, Part VI, Section B, Line 15

The supporting organization, the schenectady foundation, inc., employs an executive director to manage the operations of the foundation. The board of directors of the supporting organization, who also serve as the distribution committee of the schenectady foundation, reviews the performance of the executive director and determines compensation based on performance and other factors. Form 990, part vi, section b, line 15b: no member of the board of directors receives compensation. The executive director, who is an employee of and compensated by a related not-for-profit organization, is the only "top management official" for this purpose. There are no key employees. See explanation above for form 990 part vi, line 15.

Form 990, Part VI, Section C, Line 19

Most governing documents, such as resolution & declaration of trust, annual financial reports, and gift acceptance policies, are available upon request.

Filing and Contact Details

Filer

Filer Name
The Schenectady Foundation
EIN
14-6019650
Phone
5183939500
Address
376 BROADWAY 2ND FLR, SCHENECTADY, NY 12305

Signing Officer

Name
John Bresonis
Title
Institutional Trustee
Phone
5183939500
Signed
2022-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Carreau
Formed
1962
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
15

Preparer

Firm
Marvin and Company Pc
Address
11 BRITISH AMERICAN BLVD, LATHAM, NY 12110-1405
Preparer
Thomas W Hosey CPA
Phone
5187850134
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest in trusts 105,300.

FORM 990, PART XII, LINE 2C:

There has been no change in the process for reviewing audited financial statements or the selection of an independent auditor.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists of a fund established to provide grants consistent with the organization's mission and to provide income to support its operations.

PART X, LINE 2:

The schenectady foundation and its affiliate are not-for-profit entities and are exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation and affiliate have been classified by the internal revenue service as entities that are not private foundations and qualify for the charitable contribution deduction. The organization is not subject to income taxes on income received for exempt purposes. No provision for income taxes has been made in the consolidated financial statements. The organization follows statutory requirements for income tax accounting and avoids risks with tax positions that may be challenged upon examination. Management believes the liability from taxing authority examination, if any, would not have a material effect on the organization's consolidated financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest in trusts 105,300. Trustee fees -206,963.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

TRUSTEE FEES 206,963.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1182386
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt223711
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3866
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0137641
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt5DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt6DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt7DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02349125
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt02127520
IRS990/GrantsPayableGrp/BOYAmt0537350
IRS990/GrantsPayableGrp/EOYAmt01175050
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt034500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt034500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01494300
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01494300
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03482463
IRS990/GrossReceiptsAmt06575608
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01800689
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01800689
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt042547201
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt047876940
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01133338
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE SCHENECTADY FOUNDATION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt048056482
IRS990/NetAssetsOrFundBalancesEOYAmt054024113
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02349125
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02349125
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02769019
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt042193227
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt047515290
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03129600
IRS990/OtherAssetsTotalGrp/EOYAmt03234900
IRS990/OtherChangesInNetAssetsAmt0105300
IRS990/OtherOrganizationDsc0CHARITABLE COMMUNITY TRUST
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0598720
IRS990/PaymentsToAffiliatesGrp/TotalAmt0598720
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01717503
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01770700
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT CARREAU
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0651475
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0972800
IRS990/PYInvestmentIncomeAmt01641301
IRS990/PYOtherExpensesAmt0839411
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0480565
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01812211
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02292776
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03093312
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01177571
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02287618
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01454656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01040696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0949955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0585343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0557059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04587709
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01800689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01345354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01248736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01159371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0963353
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06517503
IRS990ScheduleA/PublicSupportCY170Pct00.31900
IRS990ScheduleA/PublicSupportPY170Pct00.33330
IRS990ScheduleA/PublicSupportTotal170Amt03542891
IRS990ScheduleA/SubstantialContributorsTotAmt01044818
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01454656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01040696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0949955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0585343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0557059
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04587709
IRS990ScheduleA/TotalSupportAmt011105212
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01447354
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01580295
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0132941
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01418631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-64907
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01447354
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093630
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01263265
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt038681
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01418631
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0116685
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01281544
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01263265
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18279
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01203393
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01281544
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt078151
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt0429432
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt026250
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0479933
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0206963
IRS990ScheduleD/ExpensesSubtotalAmt02141995
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02769019
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03234900
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0206963
IRS990ScheduleD/OtherRevenueAmt0-101663
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01207141
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11476920
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21287043
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31051078
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41512089
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51461466
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt624856896
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt715024307
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EQUITY MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FIXED INCOME MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VANGUARD INTERNATIONAL GROWTH FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc4VANGUARD MID-CAP INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc5VANGUARD SMALL-CAP INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc6VANGUARD INSTITUTIONAL INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc7VANGUARD TOTAL BOND MARKET INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60192
IRS990ScheduleD/RevenueNotReportedAmt02667356
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05442270
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT CONSISTS OF A FUND ESTABLISHED TO PROVIDE GRANTS CONSISTENT WITH THE ORGANIZATION'S MISSION AND TO PROVIDE INCOME TO SUPPORT ITS OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SCHENECTADY FOUNDATION AND ITS AFFILIATE ARE NOT-FOR-PROFIT ENTITIES AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION AND AFFILIATE HAVE BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS AND QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION. THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES ON INCOME RECEIVED FOR EXEMPT PURPOSES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS STATUTORY REQUIREMENTS FOR INCOME TAX ACCOUNTING AND AVOIDS RISKS WITH TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES THE LIABILITY FROM TAXING AUTHORITY EXAMINATION, IF ANY, WOULD NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 105,300. TRUSTEE FEES -206,963.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TRUSTEE FEES 206,963.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.39808
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03234900
IRS990ScheduleD/TotalBookValueSecuritiesAmt047876940
IRS990ScheduleD/TotalExpensesPerForm990Amt02348958
IRS990ScheduleD/TotalRevenuePerForm990Amt05442270
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08109626
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02141995
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt211000
IRS990ScheduleI/RecipientTable/CashGrantAmt315000
IRS990ScheduleI/RecipientTable/CashGrantAmt418300
IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt725000
IRS990ScheduleI/RecipientTable/CashGrantAmt825000
IRS990ScheduleI/RecipientTable/CashGrantAmt925000
IRS990ScheduleI/RecipientTable/CashGrantAmt1034000
IRS990ScheduleI/RecipientTable/CashGrantAmt1134000
IRS990ScheduleI/RecipientTable/CashGrantAmt1240000
IRS990ScheduleI/RecipientTable/CashGrantAmt1340000
IRS990ScheduleI/RecipientTable/CashGrantAmt1450000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.0$1.35$54.6$3.46$2.52$0.94
2023Summary only. Only limited summary data is available for this year.$51.2$1.55$49.7$2.96$2.24$0.72
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.8$1.88$43.9$1.79$2.42$0.63
2021Detailed filing. Detailed filing data is available for this year.$55.2$1.18$54.0$5.44$2.35$3.09
2020Summary only. Only limited summary data is available for this year.$48.6$0.54$48.1$2.29$1.81$0.48
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.4$0.86$42.6$2.03$1.30$0.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$1.19$36.0$1.91$1.69$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.1$0.78$38.3$3.23$1.46$1.77
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.00$13.7$1.33$1.92$0.60
2015Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$1.09$1.66$0.57
2014Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$1.49$0.98$0.50
2013Detailed filing. Detailed filing data is available for this year.$18.3$0.00$18.3$1.21$1.01$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.00$18.1$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.00$18.0$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$0.00$17.1$1.63