Civic Intelligence

Potsdam College Foundation Inc

EIN 23-7088021 • 501(c)3 • Potsdam, NY

Profile

The mission of the potsdam college foundation is to secure and manage private financial support and other gifts that build a sustainable future for suny potsdam. The foundation is committed to the college's goal to recruit and retain students, and enhance their experiences in and out of the classroom. The foundation stewards its resources for the long-term benefit of suny potsdam while also providing the maximum possible current financial support to the college and its students, consistent with the wishes of the foundation's generous donors.

44 Pierrepont AvenuePotsdam, NY 13676

www.potsdam.edu/GIVING/PCF

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

87th percentile

41%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$243,241

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2025

Revenue Growth

50th percentile

7.2%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2025

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$71,919,211

Up $8,233,039 (+13%) from 2024

Liabilities

Down

$18,463

Down $9,770 (-35%) from 2024

Net Assets

Up

$71,900,748

Up $8,242,809 (+13%) from 2024

Operations
Liabilities / Revenue5th percentileNet Margin87th percentile

Revenue

Down

$5,963,886

Down $819,606 (-12%) from 2024

Expenses

Down

$3,497,925

Down $411,482 (-11%) from 2024

Net Income

Down

$2,465,961

Down $408,124 (-14%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $31,139,244Liabilities 2011: $33,939Net Assets 2011: $31,105,3052011Assets 2012: $31,618,544Liabilities 2012: $36,046Net Assets 2012: $31,582,4982012Assets 2013: $31,182,867Liabilities 2013: $39,724Net Assets 2013: $31,143,1432013Assets 2014: $34,138,449Liabilities 2014: $26,526Net Assets 2014: $34,111,9232014Assets 2015: $35,081,160Liabilities 2015: $20,475Net Assets 2015: $35,060,6852015Assets 2016: $33,635,221Liabilities 2016: $14,902Net Assets 2016: $33,620,3192016Assets 2017: $36,740,255Liabilities 2017: $15,075Net Assets 2017: $36,725,1802017Assets 2018: $39,888,133Liabilities 2018: $12,375Net Assets 2018: $39,875,7582018Assets 2019: $42,744,424Liabilities 2019: $32,291Net Assets 2019: $42,712,1332019Assets 2020: $45,766,128Liabilities 2020: $27,386Net Assets 2020: $45,738,7422020Assets 2021: $59,316,094Liabilities 2021: $46,287Net Assets 2021: $59,269,8072021Assets 2022: $51,720,379Liabilities 2022: $42,397Net Assets 2022: $51,677,9822022Assets 2023: $55,931,409Liabilities 2023: $38,003Net Assets 2023: $55,893,4062023Assets 2024: $63,686,172Liabilities 2024: $28,233Net Assets 2024: $63,657,9392024Assets 2025: $71,919,211Liabilities 2025: $18,463Net Assets 2025: $71,900,7482025

Highlighted filing

2025

Assets$71,919,211
Liabilities$18,463
Net Assets$71,900,748
Open 2025 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,006,3052011Expenses 2012: $4,093,3732012Expenses 2013: $8,746,7322013Revenue 2014: $5,435,496Expenses 2014: $4,667,951Net Income 2014: $767,5452014Revenue 2015: $7,668,729Expenses 2015: $4,586,423Net Income 2015: $3,082,3062015Revenue 2016: $4,358,832Expenses 2016: $4,787,429Net Income 2016: -$428,5972016Revenue 2017: $5,845,512Expenses 2017: $4,435,945Net Income 2017: $1,409,5672017Revenue 2018: $8,734,146Expenses 2018: $4,020,916Net Income 2018: $4,713,2302018Revenue 2019: $5,476,864Expenses 2019: $3,844,422Net Income 2019: $1,632,4422019Revenue 2020: $5,157,770Expenses 2020: $2,822,004Net Income 2020: $2,335,7662020Revenue 2021: $5,814,782Expenses 2021: $2,636,603Net Income 2021: $3,178,1792021Revenue 2022: $4,839,138Expenses 2022: $3,250,441Net Income 2022: $1,588,6972022Revenue 2023: $4,274,103Expenses 2023: $3,632,747Net Income 2023: $641,3562023Revenue 2024: $6,783,492Expenses 2024: $3,909,407Net Income 2024: $2,874,0852024Revenue 2025: $5,963,886Expenses 2025: $3,497,925Net Income 2025: $2,465,9612025

Highlighted filing

2025

Revenue$5,963,886
Expenses$3,497,925
Net Income$2,465,961
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,919,211
Liabilities
$18,463
Net assets
$71,900,748
Revenue
$5,963,886
Expenses
$3,497,925
Net income
$2,465,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$71.9$0.02$71.9$5.96$3.50$2.47
2024Detailed filing. Detailed filing data is available for this year.$63.7$0.03$63.7$6.78$3.91$2.87
2023Detailed filing. Detailed filing data is available for this year.$55.9$0.04$55.9$4.27$3.63$0.64
2022Detailed filing. Detailed filing data is available for this year.$51.7$0.04$51.7$4.84$3.25$1.59
2021Detailed filing. Detailed filing data is available for this year.$59.3$0.05$59.3$5.81$2.64$3.18
2020Detailed filing. Detailed filing data is available for this year.$45.8$0.03$45.7$5.16$2.82$2.34
2019Detailed filing. Detailed filing data is available for this year.$42.7$0.03$42.7$5.48$3.84$1.63
2018Detailed filing. Detailed filing data is available for this year.$39.9$0.01$39.9$8.73$4.02$4.71
2017Detailed filing. Detailed filing data is available for this year.$36.7$0.02$36.7$5.85$4.44$1.41
2016Detailed filing. Detailed filing data is available for this year.$33.6$0.01$33.6$4.36$4.79$0.43
2015Detailed filing. Detailed filing data is available for this year.$35.1$0.02$35.1$7.67$4.59$3.08
2014Detailed filing. Detailed filing data is available for this year.$34.1$0.03$34.1$5.44$4.67$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.2$0.04$31.1$8.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$0.04$31.6$4.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$0.03$31.1$3.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 1, 2025
Return Version
2024v5.2
Gross Receipts
$9,486,866
Mission and Program Overview

Mission

The mission of the potsdam college foundation is to secure and manage private financial support and other gifts that build a sustainable future for suny potsdam. The foundation is committed to the college's goal to recruit and retain students, and enhance their experiences in and out of the classroom. The foundation stewards its resources for the long-term benefit of suny potsdam while also providing the maximum possible current financial support to the college and its students, consistent with the wishes of the foundation's generous donors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$61,380,881$70,347,040▲ $8,966,159
Investments Other Securities$638,483$543,895▼ $94,588
Pledges and Grants Receivable$878,359$514,507▼ $363,852
Land, Buildings, and Equipment, Net$241,965$179,633▼ $62,332
Savings and Temporary Cash Investments$285,000$165,000▼ $120,000
Cash and Non-Interest-Bearing Accounts$232,924$137,816▼ $95,108
Total Assets$63,686,172$71,919,211▲ $8,233,039
Other Assets Total$28,560$31,320▲ $2,760
Liabilities
Other Liabilities$28,233$18,463▼ $9,770
Total Liabilities$28,233$18,463▼ $9,770
Net Assets / Fund Balance
Net Assets With Donor Restrictions$57,287,837$64,583,263▲ $7,295,426
Net Assets Without Donor Restrictions$6,370,102$7,317,485▲ $947,383
Total Net Assets Fund Balance$63,657,939$71,900,748▲ $8,242,809
Total Liabilities and Net Assets / Fund Balance$63,686,172$71,919,211▲ $8,233,039

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$179,633$403,664$583,297

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$53,841,887$1,735,562▲ $7,339,013-$60,414,035
2023$47,209,852$2,105,104▲ $6,872,332-$53,841,887
2022$41,226,819$1,840,453▲ $6,109,926-$47,209,852
2021$40,062,769$1,028,077▲ $1,935,884-$41,226,819
2020$37,026,840$2,174,297▲ $1,602,736-$40,062,769
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Julie HelenbrookBusiness ManagerFT$123,260$123,260
Jessica PearsonFaculty Senate Rep-$105,142$105,142

Board Members and Trustees

NameTitle
Lynne BolesTrusteeship Committee Chair
Suzanne SmithCollege President
Amy KelloggPresident
Ronald FishbeckVice President
David DavinExecutive Director
Adebisi OjeTrustee
Brooks WashburnTrustee
Daniel VoceTrustee
ERIN WAGNER O'BRIENTrustee
Eldon HarrisTrustee
Henrique SchembryTrustee
James BerrimanTrustee
Joyce YianoukosTrustee
Jude KiahTrustee
Kate GigliottiTrustee
Klayton SchaeferTrustee
Laura WessingTrustee
Marjorie ChiaferyTrustee
Mark HaymanTrustee
Richard EvansTrustee
Robert WagnerTrustee
Sean LeousTrustee
Tiffany SoricelliTrustee
Gary HindTrustee Emeritus
Michael GalaneTrustee Emeritus
Roger LindenTrustee Emeritus
Greg GardnerFaculty Senate Rep
Justin SipherSecretary
Kadi PalmerStudent Government Rep
Christine HaileTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,055,857
Program Service Revenue
$441,655
Investment Income
$2,440,334
Other Revenue
$26,040
All Other Contributions
$3,055,857
Change in Net Assets
$2,465,961

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 AmountValuation Method
Other Non Cash Contri Table5$93,925Fair Market Value (FMV)
Other Non Cash Contri Table14$45,065Fair Market Value (FMV)
Securities Publicly Traded5$9,881Fair Market Value (FMV)
Other Non Cash Contri Table13$1,375Fair Market Value (FMV)
Food Inventory3$370Fair Market Value (FMV)
Total Noncash Contributions40$150,616-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,954,116
Revenue Not Reported on Financial Statements
$9,770
Revenue Not Reported on Form 990
$7,108,206
Other Revenue Adjustments
$9,770
Total Revenue per Audited Statements
$13,062,322
Total Revenue per Form 990
$5,963,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,636,571
Other Expenses$815,354
Total Fundraising Expense$437,873
Professional Fundraising Fees$46,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,602,357--$1,602,357
Grants to Domestic Individuals$1,034,214--$1,034,214
Other Expenses$279,874-$391,873$279,874
Depreciation Depletion$75,690--$75,690
Fees for Services Professional Fundraising--$46,000$46,000
Fees for Services Accounting-$30,867-$30,867
Fees for Service Investment Mgmnt Fees-$20,000-$20,000
Fees for Services Other-$10,846-$10,846
Fees for Services Legal-$6,204-$6,204
Total Functional Expenses$2,992,135$67,917$437,873$3,497,925

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,819,513
Expenses per Audited Statements$3,497,925
Total Expenses per Form 990$3,497,925
Expenses Not Reported on Form 990$1,321,588
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
State University of New York (suny Potsdam)Potsdam, NYGovPrograms, Campus Improvements, Development, Student Scholarships$1,602,357
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$46,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$18,463
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Board of trustees reviews and approves 990 prior to filing.”

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

“The board of trustees are required to fill out a confict of interest form on annual basis.”

Form 990, Part VI, Section C, Line 19

“All forms are available upon request.”

Filing and Contact Details

Filer

Filer Name
Potsdam College Foundation Inc
EIN
23-7088021
Phone
3152672872
Address
44 PIERREPONT AVENUE, POTSDAM, NY 13676

Signing Officer

Name
Amy Kellogg
Title
President
Phone
5184344377
Signed
2025-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Davin
Formed
1968
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
43

Preparer

Firm
Fustcharles Llp
Address
220 S WARREN STREET, SYRACUSE, NY 13202
Preparer
Thomas J Giufre
Phone
3154463600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreements -9,770.”

FORM 990, PART XII, LINE 2C:

“There have been no changes to either process from prior years.”

Financial Statement Notes

PART III, LINE 1A:

“The art collection, which was acquired through purchases and contributions since the foundation's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired, or as a decrease in net assets with donor restrictions if the assets are used to purchase the items were restricted by donors. The collection is held for public exhibition, education, or research in furtherance of public service rather than financial gain. Contributed collection itmes are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are relfected as increases in the appropriate net asset classes.”

PART V, LINE 4:

“The primary intended use of the organization's endowment funds is to maintain a steady source of funding for student scholarships to suny potsdam students and college assistance, including funds for campus improvements and various other college programs.”

PART X, LINE 2:

“The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code (the "code"), therefore, no provision for income taxes is refelcted in the finanical statements. The foundation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The foundation presently discloses or recognizes an income tax provision based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the foundation has taken no uncertain tax positions that require adjustment in its financial statements. The internal revenue service form 990 filed by the foundation is no longer subject to tax examinations for the years ended june 20, 2022, and prior.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in value of split interest agreements 9,770.”

Raw XML AppendixShowing 400 of 802 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/ActivityOrMissionDesc0THE MISSION OF THE POTSDAM COLLEGE FOUNDATION IS TO SECURE AND MANAGE PRIVATE FINANCIAL SUPPORT AND OTHER GIFTS THAT BUILD A SUSTAINABLE FUTURE FOR SUNY POTSDAM. THE FOUNDATION IS COMMITTED TO THE COLLEGE'S GOAL TO RECRUIT AND RETAIN STUDENTS, AND ENHANCE THEIR EXPERIENCES IN AND OUT OF THE CLASSROOM. THE FOUNDATION STEWARDS ITS RESOURCES FOR THE LONG-TERM BENEFIT OF SUNY POTSDAM WHILE ALSO PROVIDING THE MAXIMUM POSSIBLE CURRENT FINANCIAL SUPPORT TO THE COLLEGE AND ITS STUDENTS, CONSISTENT WITH THE WISHES OF THE FOUNDATION'S GENEROUS DONORS.
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IRS990/Desc0SEE SCHEDULE OTHE POTSDAM COLLEGE FOUNDATION IS A NON-PROFIT CORPORATION, ESTABLISHED IN 1968 TO STEWARD THE CONTINUNED GROWTH OF PRIVATE GIVING IN SUPPORT OF SUNY POTSDAM. THE FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES WHICH INCLUDES REPRESENTATION FROM SUNY POTSDAM'S ALUMNI, FACULTY, FACULTY EMERITI AND STUDENTS, AS WELL AS THE REGIONAL AND NATIONAL COMMUNITY. GIFTS TO THE FOUNDATION ARE USED TO PROVIDE ANNUAL SUPPORT TO MEET ONGOING CAMPUS NEEDS AND TO ESTABLISH PERMANENT ENDOWMENTS TO SUPPORT SUCH THINGS AS STUDENT SCHOLARSHIPS AND PROGRAMS. IN ADDITION, THE FOUNDATION OWNS ART OBJECTS AND CULTURAL ARTIFACTS THAT ARE USED FOR TEACHING AND FOR DISPLAY ON CAMPUS. THE TOTAL ASSETS MANAGED BY THE FOUNDATION EXCEED $71.9 MILLION, INCLUDING AN ENDOWMENT COMPRISED OF GIFTS FROM BOTH INDIVIDUALS AND INVESTMENT RETURNS.
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