Faculty Student Association Of Adirondack Community College Inc
Adirondack Community College's Faculty Student Association shows fluctuating revenues but stable assets, with no reported officer compensation.
EIN: 146038858 · Queensbury, NY · NTEE: B80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $4.3M |
| Transparency Score | 75/100 |
Is Faculty Student Association Of Adirondack Community College Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faculty Student Association Of Adirondack Community College Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faculty Student Association Of Adirondack Community College Inc
Faculty Student Association Of Adirondack Community College Inc (EIN: 146038858) is a nonprofit organization based in Queensbury, NY, classified under NTEE code B80Z. The organization reported total revenue of $5.1M and total assets of $26.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Student Association Of Adirondack Community College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faculty Student Association Of Adirondack Community College Inc is a mid-size nonprofit that has been operating for 58 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$153K |
| Total Assets | $26.3M |
| Total Liabilities | $22.0M |
| Net Assets | $4.3M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 67.8 months |
Financial Health Grade: A
In 2023, Faculty Student Association Of Adirondack Community College Inc reported a surplus of $153K with revenue exceeding expenses, holds 67.8 months of operating reserves (strong position), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Faculty Student Association Of Adirondack Community College Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +173.5% | +49.0% | +0.8% |
| 2022 | +144.0% | +44.0% | -8.0% |
| 2021 | -67.3% | +7.5% | -5.8% |
| 2020 | -43.9% | -33.6% | -0.7% |
| 2019 | +32.8% | +19.5% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faculty Student Association Of Adirondack Community College Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Faculty Student Association Of Adirondack Community College Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $153K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which could affect the clarity of leadership cost reporting.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Faculty Student Association Of Adirondack Community College Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $4.8M in 2023 vs. $0.7M in 2021)
- Substantial and consistent liabilities relative to assets (e.g., $22M liabilities against $26M assets in 2023)
- Consistent reporting of 0% officer compensation without further explanation, potentially obscuring leadership costs.
Strengths
The following positive indicators were identified for Faculty Student Association Of Adirondack Community College Inc:
- Stable asset base over the past decade (consistently $26M-$30M)
- Generally manages expenses to operate with a surplus in most years (e.g., $152,969 surplus in 2023)
- Strong recovery in revenue and positive net income in the latest filing period (2023).
Frequently Asked Questions about Faculty Student Association Of Adirondack Community College Inc
Is Faculty Student Association Of Adirondack Community College Inc a legitimate charity?
Faculty Student Association Of Adirondack Community College Inc (EIN: 146038858) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $5.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Faculty Student Association Of Adirondack Community College Inc spend its money?
Faculty Student Association Of Adirondack Community College Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Faculty Student Association Of Adirondack Community College Inc tax-deductible?
Faculty Student Association Of Adirondack Community College Inc is registered as a tax-exempt nonprofit (EIN: 146038858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faculty Student Association Of Adirondack Community College Inc's spending goes to programs?
Faculty Student Association Of Adirondack Community College Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Faculty Student Association Of Adirondack Community College Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Faculty Student Association Of Adirondack Community College Inc is above average for NTEE category B80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faculty Student Association Of Adirondack Community College Inc located?
Faculty Student Association Of Adirondack Community College Inc is headquartered in Queensbury, New York and files with the IRS under EIN 146038858. It is classified under NTEE code B80Z.
How many years of IRS 990 filings does Faculty Student Association Of Adirondack Community College Inc have?
Faculty Student Association Of Adirondack Community College Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.1M in total revenue.
What is the nature of the substantial liabilities (e.g., $22,020,699 in 2023) and how do they impact the organization's financial flexibility?
The consistent high level of liabilities, ranging from $22M to $25M, suggests significant long-term commitments, possibly related to facilities, bonds, or other operational financing typical for an organization supporting a college. Understanding the specific breakdown of these liabilities is crucial for a complete financial assessment.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation could indicate that the organization's leadership is entirely volunteer, or that compensation for key management personnel is reported under other expense categories, which would require further investigation for full transparency.
What caused the significant revenue fluctuations, such as the drop from $4,811,006 in 2023 to $1,759,035 in 2022 and $720,958 in 2021?
The dramatic swings in revenue suggest a reliance on variable funding sources or significant changes in operational scope, possibly tied to student enrollment, specific projects, or external grants. Analyzing the revenue sources would provide clarity.
Filing History
IRS 990 filing history for Faculty Student Association Of Adirondack Community College Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Faculty Student Association Of Adirondack Community College Inc's revenue has grown by 144.4%, moving from $2.0M to $4.8M. Total assets increased by 790.5% over the same period, from $3.0M to $26.3M. Total functional expenses rose by 137.5%, from $2.0M to $4.7M. In its most recent filing year (2023), Faculty Student Association Of Adirondack Community College Inc reported a surplus of $153K, with revenue exceeding expenses. The organization holds $22.0M in liabilities against $26.3M in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $4.7M | $26.3M | $22.0M | — | View 990 |
| 2022 | $1.8M | $3.1M | $26.1M | $22.0M | — | View 990 |
| 2021 | $721K | $2.2M | $28.3M | $22.9M | — | View 990 |
| 2020 | $2.2M | $2.0M | $30.1M | $23.2M | — | View 990 |
| 2019 | $3.9M | $3.0M | $30.3M | $23.6M | — | View 990 |
| 2018 | $3.0M | $2.5M | $29.9M | $24.0M | — | View 990 |
| 2017 | $2.5M | $1.9M | $29.9M | $24.4M | — | View 990 |
| 2016 | $2.5M | $2.2M | $29.8M | $25.0M | — | View 990 |
| 2015 | $2.6M | $1.9M | $29.9M | $25.4M | — | View 990 |
| 2014 | $3.5M | $1.8M | $29.1M | $25.2M | — | View 990 |
| 2013 | $1.9M | $1.7M | $20.5M | $18.4M | — | View 990 |
| 2012 | $2.0M | $2.0M | $3.0M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $4.7M, and assets of $26.3M (revenue +173.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $3.1M, and assets of $26.1M (revenue +144.0% year-over-year).
- 2021: Revenue of $721K, expenses of $2.2M, and assets of $28.3M (revenue -67.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.0M, and assets of $30.1M (revenue -43.9% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.0M, and assets of $30.3M (revenue +32.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.5M, and assets of $29.9M (revenue +19.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.9M, and assets of $29.9M (revenue -1.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.2M, and assets of $29.8M (revenue -1.9% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.9M, and assets of $29.9M (revenue -26.5% year-over-year).
- 2014: Revenue of $3.5M, expenses of $1.8M, and assets of $29.1M (revenue +78.6% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $20.5M (revenue -1.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faculty Student Association Of Adirondack Community College Inc:
Data Sources and Methodology
This transparency report for Faculty Student Association Of Adirondack Community College Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.