Civic Intelligence

The Schenectady Foundation

990 • Fiscal year 2024 • EIN 14-6019650

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 09, 2025

Organization ProfileWWW.SCHENECTADYFOUNDATION.ORG
P O Box 710Schenectady, NY 12301

(518) 393-9500

Siviq Scores

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

Liabilities / Assets

81st percentile

0.02x

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

2024 filings • NTEE T • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.39x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • NTEE T • $50M-$100M nonprofits • Source year 2024

Net Margin

52nd percentile

27%

Higher net margin than 52% of similar nonprofits.

2024 filings • NTEE T • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$188,697

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2024 filings • NTEE T • $50M-$100M nonprofits • Source year 2024

Asset Growth

59th percentile

9.3%

Faster asset growth than 59% of similar nonprofits.

2024 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

17%

Faster revenue growth than 36% of similar nonprofits.

2024 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$56,001,047

Up $4,764,880 (+9.3%) from 2023

Net Assets

Up

$54,647,547

Up $4,958,730 (+10.0%) from 2023

Liabilities

Down

$1,353,500

Down $193,850 (-13%) from 2023

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin52nd percentile

Revenue

Up

$3,458,158

Up $500,948 (+17%) from 2023

Expenses

Up

$2,518,678

Up $278,054 (+12%) from 2023

Net Income

Up

$939,480

Up $222,894 (+31%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

2024

Assets$56,001,047
Liabilities$1,353,500
Net Assets$54,647,547
Open 2024 Filing

Operations Trend

Revenue Growth36th percentile

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

2024

Revenue$3,458,158
Expenses$2,518,678
Net Income$939,480
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 9, 2025
Return Version
2024v5.2
Gross Receipts
$4,253,130
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$44,037,012$48,440,482▲ $4,403,470
Savings and Temporary Cash Investments$2,154,569$2,341,760▲ $187,191
Pledges and Grants Receivable$1,605,600$1,742,300▲ $136,700
Accounts Receivable$53,586$56,505▲ $2,919
Total Assets$51,236,167$56,001,047▲ $4,764,880
Other Assets Total$3,385,400$3,420,000▲ $34,600
Liabilities
Grants Payable$1,547,350$1,353,500▼ $193,850
Total Liabilities$1,547,350$1,353,500▼ $193,850
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,568,027$47,186,717▲ $4,618,690
Net Assets With Donor Restrictions$7,120,790$7,460,830▲ $340,040
Total Net Assets Fund Balance$49,688,817$54,647,547▲ $4,958,730
Total Liabilities and Net Assets / Fund Balance$51,236,167$56,001,047▲ $4,764,880

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,420,000--
Other Securities$13,075,993--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,536,043-▲ $135,040-$1,671,083
2023$1,387,995-▲ $148,048-$1,536,043
2022$1,580,295-▼ $192,300-$1,387,995
2021$1,447,354-▲ $132,941-$1,580,295
2020$1,418,631$-64,907▲ $93,630-$1,447,354
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleBaseOtherTotal
Michael OzimekTrustee$188,697-$188,697
-Executive Director and Sec-$183,176$183,176
-Trustee$26,390-$26,390
Robert CarreauTrustee$5,099-$5,099

Board Members and Trustees

NameTitle
Omayra Padilla DejesusChair
Mona GolubVice Chair
Robert CarreauExecutive Director and Sec
-Assistant Treasurer
Alfred TompkinsDistribution Committee Mem
Jennifer KenneallyDistribution Committee Mem
Johan MatthewsDistribution Committee Mem
Kirk LewisDistribution Committee Mem
Pamela PearlmanDistribution Committee Mem
Raysheea TurnerDistribution Committee Mem
Kevin SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$363,052
Program Service Revenue
$0
Investment Income
$3,095,106
Other Revenue
$0
All Other Contributions
$363,052
Change in Net Assets
$939,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,458,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,799,064
Total Revenue per Audited Statements
$7,257,222
Total Revenue per Form 990
$3,458,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,611,558
Other Expenses$907,120
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,544,558--$1,544,558
Payments to Affiliates$681,399--$681,399
Fees for Service Investment Mgmnt Fees-$220,186-$220,186
Grants to Domestic Individuals$67,000--$67,000
Fees for Services Other-$5,535-$5,535
Total Functional Expenses$2,292,957$225,721$0$2,518,678

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,518,678
Expenses per Audited Statements$2,298,492
Total Expenses per Audited Statements$2,298,492
Expenses Not Reported on Financial Statements$220,186
Other Expense Adjustments$220,186
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hamilton Hill Arts Center-501(c)(3)Museum, Gallery, and Performing Arts Center$250,000
Better Community Neighborhoods Inc-501(c)(3)Housing Support$200,000
Empire State Youth Orchestras-501(c)(3)Chime$200,000
Ellis Hospital Foundation-501(c)(3)Expanding Care for Adolescents in Crisis$150,000
Schoharie River Center-501(c)(3)Environmental Study Team-urban Ecology$80,000
The Community Builders-501(c)(3)Community Life$76,500
Literacy Volunteers Rens Co-501(c)(3)Literacy and Workforce Readiness$75,000
Suny Schenectady-501(c)(3)Workforce Initiative$59,882
Center for Community Justice-501(c)(3)Legal Assistance Call-in Center$50,000
Goose Hill Neighborhood Association-501(c)(3)Carrie St Park Improvements$50,000
Risse-refuge and Immigrant Support-501(c)(3)Schenectady Co. Support Services for Immigrants$50,000
Planned Parenthood Greater Ny-501(c)(3)Survivor Support Services Hotline$45,000
Create Community Studios-501(c)(3)Ceramics Studio for Wellness$25,000
Capital Region Classical-501(c)(3)Music Series Concerts$20,000
Catholic Charities Tri-county Services-501(c)(3)Health Food Access$12,000
Rensselaer Polytechnic Institute-501(c)(3)Preface Program - Student Training$12,000
Community Fathers-501(c)(3)Community Fathers Documentary$10,000
Music Haven-501(c)(3)2024 Summer Series$10,000
New York Folklore-501(c)(3)Schenectady Pan African Orchestra$10,000
Proctors-501(c)(3)Students and Stages Youth Arts & Education$10,000
Mohawk Hudson Land Conservancy-501(c)(3)Schenectady Nature Bus - Environment Education$8,500
Mooncatcher Project--Period Pantries$7,500
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
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-
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
P O BOX 710, SCHENECTADY, NY 12301

Signing Officer

Name
John Bresonis
Title
Institutional Trustee
Phone
5183939500
Signed
2025-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Carreau
Formed
1962
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
11 BRITISH AMERICAN BLVD, LATHAM, NY 12110
Preparer
Alan W Clink CPA
Phone
5187850134
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of beneficial interest in trusts 34,600.”

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 34,600. Trustee fees -220,186.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“TRUSTEE FEES 220,186.”

Raw XML AppendixShowing 400 of 709 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT CARREAU
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL OZIMEK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt95099
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10188697
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1126390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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/ReportableCompFromRltdOrgAmt12168331
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt1DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt2DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt3DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt4DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt5DISTRIBUTION COMMITTEE MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR AND SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSISTANT TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01550091
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt01611558
IRS990/GrantsPayableGrp/BOYAmt01547350
IRS990/GrantsPayableGrp/EOYAmt01353500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt067000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt067000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01544558
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01544558
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02345063
IRS990/GrossReceiptsAmt04253130
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01545015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01545015
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt044037012
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt048440482
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0794972
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/NetAssetsOrFundBalancesBOYAmt049688817
IRS990/NetAssetsOrFundBalancesEOYAmt054647547
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01550091
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01550091
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03984650
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt042568027
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt047186717
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03385400
IRS990/OtherAssetsTotalGrp/EOYAmt03420000
IRS990/OtherChangesInNetAssetsAmt034600
IRS990/OtherOrganizationDsc0CHARITABLE COMMUNITY TRUST
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0681399
IRS990/PaymentsToAffiliatesGrp/TotalAmt0681399
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01605600
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01742300
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT CARREAU
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0736714
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01502350
IRS990/PYInvestmentIncomeAmt02185570
IRS990/PYOtherExpensesAmt0738274
IRS990/PYOtherRevenueAmt034926
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0716586
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02240624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02957210
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0939480
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02154569
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02341760
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE SCHENECTADY FOUNDATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITING FUNDS FROM THE GENERAL PUBLIC. AT LEAST ANNUALLY, THE FOUNDATION SOLICITS DONORS AND PROSPECTIVE DONORS, REQUESTING CURRENT OR FUTURE DONATION COMMITMENTS. THE FOUNDATION WORKS WITH ITS TRUSTEE BANKS TO MAKE BANK CLIENTS AWARE OF THE FOUNDATION'S GRANTS AND COMMUNITY PROGRAMS, AND TO ENCOURAGE CONTRIBUTIONS. IN ADDITION, THE FOUNDATION'S WEBSITE PROMOTES GIFTS TO THE FOUNDATION - IT'S "STOCKADE SOCIETY - RECOGNIZING THOSE DONORS WHO HAVE MADE CONTRIBUTIONS.IN 2024, THE FOUNDATION, IN FACT, GENERATED $363,052 IN GIFTS AND CONTRIBUTIONS (OR 19.03% OF ITS SUPPORT). THE ORGANIZATION'S SIGNIFICANT INVESTMENT INCOME WAS PRIMARILY RESPONSIBLE FOR THE PUBLIC SUPPORT PERCENTAGE DIPPING BELOW 33 1/3%.THE FOUNDATION HAS A GOVERNING BODY THAT IS COMPOSED OF MEMBERS OF THE COMMUNITY WHO ARE INVOLVED IN, AND UNDERSTAND THE NEEDS OF SCHENECTADY COUNTY'S SOCIAL SECTOR. THE GOVERNING BODY IS SELECTED BY A REPRESENTATIVE GROUP OF COMMUNITY LEADERS HAILING FROM EDUCATION, BUSINESS AND THE NON-PROFIT SECTOR.THE FOUNDATION IS SUPPORTED BY, AND IN TURN SUPPORTS, THE SCHENECTADY FOUNDATION, INC. WHICH PROVIDES NUMEROUS COMMUNITY SERVICES, AND IMPLEMENTS SUBSTANTIAL FUNDRAISING EFFORTS ON BEHALF OF THE FOUNDATION.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0363052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0736714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0438199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01454656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01040696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04033317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01545015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01383690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01234309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01800689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01345354
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07309057
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt034926
IRS990ScheduleA/PublicSupportCY170Pct00.19940
IRS990ScheduleA/PublicSupportPY170Pct00.24970
IRS990ScheduleA/PublicSupportTotal170Amt02261467
IRS990ScheduleA/SubstantialContributorsTotAmt01771850
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0363052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0736714
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0438199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01454656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01040696
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04033317
IRS990ScheduleA/TotalSupportAmt011342374
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/BeginningYearBalanceAmt01536043
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01671083
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0135040
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01387995
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01536043
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0148048
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01580295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01387995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-192300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01447354
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01580295
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0132941
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01418631
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0-64907
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01447354
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093630
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt02500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0443980
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0220186
IRS990ScheduleD/ExpensesSubtotalAmt02298492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03984650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03420000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0220186
IRS990ScheduleD/OtherRevenueAmt0-185586
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01242620
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11877356
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21822404
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3723162
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41429488
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51387946
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt626881513
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt713075993
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/PrmnntEndowmentBalanceEOYPct00.57000
IRS990ScheduleD/RevenueNotReportedAmt03799064
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03458158
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 34,600. TRUSTEE FEES -220,186.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3TRUSTEE FEES 220,186.
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/TermEndowmentBalanceEOYPct00.43000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03420000
IRS990ScheduleD/TotalBookValueSecuritiesAmt048440482
IRS990ScheduleD/TotalExpensesPerForm990Amt02518678
IRS990ScheduleD/TotalRevenuePerForm990Amt03458158
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07257222
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02298492
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt067000

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Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$56,001,047
Liabilities
$1,353,500
Net assets
$54,647,547
Revenue
$3,458,158
Expenses
$2,518,678
Net income
$939,480
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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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