Is Plattsburgh College Foundation Inc Legit?

The Plattsburgh College Foundation Inc. demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $41,163,520 in the 202406 period. Revenue has fluctuated, with a notable peak of $8,457,454 in 202206, but the organization has consistently maintained a strong asset base relative to its liabilities, indicating good financial stability. The foundation's primary purpose is to support Plattsburgh College, and its spending patterns reflect this mission. Spending efficiency appears strong, with program expenses likely constituting the vast majority of total expenditures, given the nature of a college foundation. The consistent reporting of 0% officer compensation across all available filings suggests a highly efficient use of funds, with leadership likely serving in a volunteer capacity or compensated through other means not reported as officer compensation. This practice significantly reduces administrative overhead and maximizes resources available for programmatic activities. Transparency is high, as evidenced by the readily available and consistent IRS 990 filings over 14 periods. The detailed financial data, including revenue, expenses, assets, liabilities, and officer compensation, provides a clear picture of the foundation's financial operations. The absence of reported officer compensation is a key indicator of fiscal prudence and a commitment to directing resources towards its educational mission.