FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC Charity Report

Public IRS 990 nonprofit record

FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC

EIN 16-6053710 · Education (B110)

What they do

THE FOUNDATION WAS ESTABLISHED to ACCEPT and ENCOURAGE GIFTS to THE FOUNDATION and to ADVANCE THE WELFARE and DEVELOPMENT of THE UNIVERSITY to MAKE GRANTS of FINANCIAL ASSISTANCE to THE UNIVERSITY and ITS FACULTY and STUDENTS; to RECEIVE, HOLD and ADMINISTER SUCH GIFTS to SERVICE THE PREVIOUSLY STATED PURPOSE

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders41 people are listed in the latest report.

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

Money made simple

50.10%of revenue went to mission work85.2% of expenses · Program services

5.58%of revenue went to fundraising9.5% of expenses

$58.82spent for every $100 of revenueRevenue covered expenses this year.

3.14%of revenue went to management and office costs5.3% of expenses

$14.99in assets for every $1 spent this yearSome assets cannot be spent right away.

27.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
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 $52,412 for SHEILA DOYLE (EXECUTIVE DIRECTOR). 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 2024

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$56,524,847

Mission workProgram services$28,317,81550.10% of revenue85.2% of expenses

ManagementOffice and general costs$1,776,1453.14% of revenue5.3% of expenses

FundraisingAsking for donations$3,151,5355.58% of revenue9.5% of expenses

Revenue left after expensesReported annual surplus$23,279,35241.18% of revenueShown in gray on the chart

Total expenses$33,245,49558.82% 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

2024CurrentExpense mix: 85.2% mission · 5.3% management · 9.5% fundraisingTotal expenses: 58.82% of revenue

2023Expense mix: 95.9% mission · 1.6% management · 2.5% fundraisingTotal expenses: 134.94% of revenue

2022Expense mix: 95.0% mission · 1.6% management · 3.4% fundraisingTotal expenses: 138.00% of revenue

2021Expense mix: 78.6% mission · 7.9% management · 13.6% fundraisingTotal expenses: 9.80% of revenue

2020Expense mix: 81.2% mission · 9.2% management · 9.5% fundraisingTotal expenses: 77.32% of revenue

2019Expense mix: 81.4% mission · 6.8% management · 11.9% fundraisingTotal expenses: 27.73% of revenue

2018Expense mix: 79.6% mission · 7.6% management · 12.8% fundraisingTotal expenses: 65.81% of revenue

2017Expense mix: 80.9% mission · 6.4% management · 12.7% fundraisingTotal expenses: 71.44% of revenue

Money in and money out

Revenue$56,524,847

Expenses$33,245,495

Annual surplus $23,279,352 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)$28,317,815 · 85.2% of expenses

Management and office costs$1,776,145 · 5.3% of expenses

Fundraising$3,151,535 · 9.5% of expenses

See all reported dollar amounts

Revenue$56,524,847

Expenses$33,245,495

Assets$498,389,648

Income$564,168,657

Contributions$15,334,916

Mission work (program services)$28,317,815

Fundraising$3,151,535

Grants given$243,541,572

Average grant$16,236,105

Management and general$1,776,145

Stocks and bonds$336,969,559

Accounting fees$42,350

Investing fees$638,147

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

SHEILA DOYLEEXECUTIVE DIRECTOR · 30 hrs/week $52,412Base · Other $52,412

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 (41)

SHEILA DOYLEEXECUTIVE DIRECTOR

MICHAEL D TIMMENYDIRECTOR

JOHN CARRIGGDIRECTOR

JOSEPH MIRABITODIRECTOR

JUDITH GARCZYNSKI FLEISHMANDIRECTOR

KAREN FEUERDIRECTOR

KATHERINE WARNERSECRETARY

KEITH HORNDIRECTOR

KENNETH GOLDBLATTDIRECTOR

KIM MYERSDIRECTOR

MARK ZURACKDIRECTOR

MICHAEL KERNERDIRECTOR

JEFFREY TUCKERTREASURER

MICHELLE J SCHWARTZDIRECTOR

MITCHELL LIEBERMANDIRECTOR

MITCHELL S GOLDSTEINDIRECTOR

NANA SAHEB BANERJEE PHDDIRECTOR

PAUL TUROVSKYDIRECTOR

STEVEN BLOOMDIRECTOR

STUART KOENIGCHAIR

TYRONE MUSEVICE CHAIR

CHARLES KIMDIRECTOR

ABBY GOLDSTEINDIRECTOR

ALBERT NOCCIOLINODIRECTOR

ALEX HUPPEDIRECTOR

ANDREW BONZANIDIRECTOR

ANITA BORKENSTEINDIRECTOR

BAI LEEDIRECTOR

BRIAN J ZAKROCKIDIRECTOR

CARA TREIDELEX-OFFICIO DIRECTOR

CAROLYN MANCINIDIRECTOR

CATHLEEN M ELLSWORTHDIRECTOR

DAVID WHITMOREDIRECTOR

DONALD HALLEX-OFFICIO DIRECTOR

ELIZABETH KOFFMANDIRECTOR

ELIZABETH BLOOMER NESVOLDDIRECTOR

GERALDINE MACDONALDDIRECTOR

HARVEY STENGEREX-OFFICIO DIRECTOR

HOWARD UNGERDIRECTOR

JAMES BANKOSKIDIRECTOR

JAMES ORBANDDIRECTOR

About this charity

Recognized since: January 1958
Location: PO BOX 6005, BINGHAMTON, NY 13902-6005
County: Broome
In care of: JAMES GODLESKI
Primary officer: JAMES GODLESKI, CFO

How to reach them

WebsiteVisit the charity’s website Phone(607) 777-6208

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BONADIO & CO LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes