Plattsburgh College Foundation Inc

Nonprofit profile at a glance

EIN
141484644
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Plattsburgh, NY, USA
Phone
5185642090
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$4,032,470
Expenses
$3,345,288
Assets
$43,415,969
Liabilities
$359,803

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

Leadership & pay

29 people listed

Executive titles in this filing

  • PETER GERNEY (FIRST VICE PRESIDENT)
  • THOMAS HERMES (SECOND VICE PRESIDENT)
  • HENRY CASAZZA (PRESIDENT)

People named in this filing

  • RANDALL G GILTZ (DIRECTOR)
  • PETER GERNEY (FIRST VICE PRESIDENT)
  • THOMAS HERMES (SECOND VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Plattsburgh college foundation, inc. Was established in 1963 to receive and manage substantially all private gifts to the state university of New York college at plattsburgh. A significant amount of funds raised from private contributions and generated from endowment investments is designated for financial assistance for the college's students. In addition, the foundation provides support for academic and student life enrichment programs and other institutional support.

What it reported doing in 2024

The plattsburgh college foundation (the foundation) funds scholarships and grants to students enrolled at suny plattsburgh (the university). These scholarships and grants are selected by university offices and departments, reported to the university's financial aid office and paid to each recipient student's account through the university's student accounts office. The scholarships and grants are funded through gifts to the foundation, including those both with and without donor restrictions, as well as through investment income generated from endowments which are designated for scholarship support.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.4%; rating input score 96
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: $17.3 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 12.98; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 96.4% of revenue deployed · 92% of spending went to programs
  • Governance: 29 of 29 board members independent · 6 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $3.1M in reported program spending
  • Leadership: top reported pay $0 · 29 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • 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.
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.