Morrisville College Foundation Inc

Nonprofit profile at a glance

EIN
510205028
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Morrisville, NY, USA
Phone
3156846047
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$7,916,813
Expenses
$6,283,487
Assets
$25,492,112
Liabilities
$20,365,246

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • DAVID E ROGERS PHD (PRESIDENT - MSC)
  • JENNIFER BOWDEN (EXECUTIVE DIRECTOR, MAC)
  • THERESA R KEVORKIAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DAVID E ROGERS PHD (PRESIDENT - MSC): $389,447 total reported compensation
  • THERESA R KEVORKIAN (EXECUTIVE DIRECTOR): $181,740 total reported compensation
  • JENNIFER BOWDEN (EXECUTIVE DIRECTOR, MAC): $144,919 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The morrisville college foundation, inc (the foundation) was incorporated as a not-for-profit New York state corporation for the purposes of supporting the educational activities of the state university of New York college of agriculture and technology at morrisville. The specific activities of the foundation include, but are not limited to, funding scholarships, providing college assistance, administering endowment funds, and providing on-campus student housing.

What it reported doing in 2024

Temporarily restricted support for campus departments, teams and organizations was up again this year as departments come to rely more heavily on foundation dollars for their operational budgets. Restricted gifts to departments have become more popular and many smaller campaigns around these departments and the purchase of equipment, software or programming continues to be successful.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 70
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.9%; rating input score 79
  • Program expense ratio: 97.4%; rating input score 97
  • Fundraising efficiency: $36.48 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.6%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 4.06; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: -2.2% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 78.9% of revenue deployed · 97.4% of spending went to programs
  • Governance: 22 of 22 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $6.1M in reported program spending
  • Leadership: top reported pay $389K · 26 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.