SCHENECTADY STUDENT AID FUND INC Charity Report

Tax-exempt status may be revoked

SCHENECTADY STUDENT AID FUND INC

EIN 14-6024997 · Scholarships & Student Financial Aid (B82)

What they do

to PROVIDE SCHOLARSHIPS and FINANCIAL AID to NEEDY, ACADEMICALLY QUALIFIED STUDENTS of AN INNER CITY SCHOOL.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.41%of revenue went to mission work89.4% of expenses · Program services

$89.94spent for every $100 of revenueRevenue covered expenses this year.

9.53%of revenue went to management and office costs10.6% of expenses

$11.27in assets for every $1 spent this yearSome assets cannot be spent right away.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,721 for TRUSTCO BANK (TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,873

Mission workProgram services$20,00080.41% of revenue89.4% of expenses

ManagementOffice and general costs$2,3719.53% of revenue10.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,50210.06% of revenueShown in gray on the chart

Total expenses$22,37189.94% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 89.94% of revenue

2024Expense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 105.58% of revenue

2023Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 129.24% of revenue

2022Expense mix: 88.6% mission · 11.4% management · 0.0% fundraisingTotal expenses: 133.98% of revenue

2021Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 50.17% of revenue

2020Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 122.60% of revenue

2019Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 114.69% of revenue

Money in and money out

Revenue$24,873

Expenses$22,371

Annual surplus $2,502 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$20,000 · 89.4% of expenses

Management and office costs$2,371 · 10.6% of expenses

See all reported dollar amounts

Revenue$24,873

Expenses$22,371

Assets$252,120

Income$31,196

Mission work (program services)$20,000

Management and general$2,371

Executive compensation (total)$1,626

Stocks and bonds$237,062

Accounting fees$600

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TRUSTCO BANKTRUSTEE · 1 hrs/week $1,721

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

TRUSTCO BANKTRUSTEE

ALEXANDER LAROCCODIRECTOR

BETTY EWINGDIRECTOR

JOHN ERICKSONDIRECTOR

MICHAEL STAHLDIRECTOR

VICTOR MAZZOTTIDIRECTOR

About this charity

Recognized since: January 2014
Location: 6 METRO PARK ROAD, ALBANY, NY 12205
County: Albany
In care of: TRUSTCO BANK
Primary officer: TRUSTCO BANK, TRUSTEE

How to reach them

Phone(518) 381-3643 Officer phone(518) 381-3649

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: WEST & COMPANY CPAS PC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Revocation date: May 15, 2010