Fredonia College Foundation Of State University Of New York Inc

Fredonia College Foundation maintains strong asset growth with zero reported officer compensation amidst fluctuating revenues.

EIN: 166054528 · Fredonia, NY · NTEE: B11 · Updated: 2026-03-28

$11.0MRevenue

$61.1MAssets

85/100Mission Score (Excellent)

B11

About Fredonia College Foundation Of State University Of New York Inc

Fredonia College Foundation Of State University Of New York Inc (EIN: 166054528) is a nonprofit organization based in Fredonia, NY, classified under NTEE code B11. The organization reported total revenue of $11.0M and total assets of $61.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fredonia College Foundation Of State University Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Fredonia College Foundation of State University of New York Inc. demonstrates a generally healthy financial position with substantial and growing assets, reaching $54,694,205 in the latest filing period (202312). Revenue has fluctuated significantly year-to-year, with a notable peak of $13,599,775 in 202112, indicating reliance on larger, potentially less predictable contributions or investment gains. The organization consistently spends less than its revenue, contributing to asset growth, as seen in the 202312 period where revenue was $4,316,448 against expenses of $2,849,856.

Regarding spending efficiency, the provided data does not break down expenses into program, administrative, and fundraising categories, making a precise assessment challenging. However, the consistent growth in assets suggests effective management of resources. The absence of reported officer compensation across all filings indicates a high degree of transparency and potentially a volunteer-led executive structure, which is a positive sign for donor confidence.

Overall, the foundation appears financially stable and well-managed, with a strong asset base supporting its mission. The lack of detailed expense breakdown is the primary limitation in fully assessing spending efficiency, but the zero officer compensation is a strong indicator of good governance and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fredonia College Foundation Of State University Of New York Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Fredonia College Foundation Of State University Of New York Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for financial transparency and efficiency.

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 Fredonia College Foundation Of State University Of New York Inc's IRS 990 filings:

Significant year-to-year revenue fluctuation, potentially indicating reliance on unpredictable large donations or investment gains.

Strengths

The following positive indicators were identified for Fredonia College Foundation Of State University Of New York Inc:

Consistent asset growth, from $33,042,341 in 201512 to $54,694,205 in 202312.
Expenses consistently lower than revenue, demonstrating financial prudence.
Zero reported officer compensation across all filings, indicating high transparency and potentially volunteer leadership.
Low liabilities relative to assets, with liabilities at $300,935 against assets of $54,694,205 in 202312.

Frequently Asked Questions about Fredonia College Foundation Of State University Of New York Inc

Is Fredonia College Foundation a good charity?

Based on the available IRS 990 data, the Fredonia College Foundation appears to be a good charity. It demonstrates strong asset growth, consistently spends less than its revenue, and reports zero officer compensation, indicating efficient use of funds and high transparency.

How has the organization's financial health changed over time?

The organization's financial health has generally improved over time, with assets growing from $33,042,341 in 201512 to $54,694,205 in 202312. While revenue has fluctuated significantly year-to-year, expenses have remained consistently lower than revenue, contributing to this asset growth.

What is the trend in the organization's revenue and expenses?

Revenue has shown considerable volatility, ranging from a low of $3,066,921 in 201512 to a high of $13,599,775 in 202112. Expenses have generally increased over the years but at a slower pace than revenue growth, consistently staying below revenue, which is a positive trend for financial sustainability.

Filing History

IRS 990 filing history for Fredonia College Foundation Of State University Of New York Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Fredonia College Foundation Of State University Of New York Inc's revenue has grown by 40.3%, moving from $3.1M to $4.3M. Total assets increased by 123.2% over the same period, from $24.5M to $54.7M. Total functional expenses rose by 55.8%, from $1.8M to $2.8M. In its most recent filing year (2023), Fredonia College Foundation Of State University Of New York Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $301K in liabilities against $54.7M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $54.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.3M	$2.8M	$54.7M	$301K	—	View 990
2022	$3.4M	$2.7M	$48.6M	$287K	—	View 990
2021	$13.6M	$2.3M	$56.4M	$395K	—	View 990
2020	$3.4M	$2.2M	$49.9M	$464K	—	View 990
2019	$4.6M	$3.7M	$45.2M	$395K	—	View 990
2018	$6.8M	$2.7M	$39.0M	$444K	—	View 990
2017	$5.9M	$3.2M	$39.6M	$683K	—	View 990
2016	$3.3M	$2.7M	$35.9M	$637K	—	View 990
2015	$3.1M	$2.9M	$33.0M	$589K	—	View 990
2014	$4.7M	$2.4M	$33.7M	$483K	—	View 990
2013	$3.4M	$2.3M	$31.0M	$473K	—	View 990
2012	$2.8M	$1.9M	$27.2M	$417K	—	View 990
2011	$3.1M	$1.8M	$24.5M	$433K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.3M, expenses of $2.8M, and assets of $54.7M (revenue +28.1% year-over-year).
2022: Revenue of $3.4M, expenses of $2.7M, and assets of $48.6M (revenue -75.2% year-over-year).
2021: Revenue of $13.6M, expenses of $2.3M, and assets of $56.4M (revenue +297.3% year-over-year).
2020: Revenue of $3.4M, expenses of $2.2M, and assets of $49.9M (revenue -25.5% year-over-year).
2019: Revenue of $4.6M, expenses of $3.7M, and assets of $45.2M (revenue -32.4% year-over-year).
2018: Revenue of $6.8M, expenses of $2.7M, and assets of $39.0M (revenue +15.8% year-over-year).
2017: Revenue of $5.9M, expenses of $3.2M, and assets of $39.6M (revenue +76.9% year-over-year).
2016: Revenue of $3.3M, expenses of $2.7M, and assets of $35.9M (revenue +8.3% year-over-year).
2015: Revenue of $3.1M, expenses of $2.9M, and assets of $33.0M (revenue -35.0% year-over-year).
2014: Revenue of $4.7M, expenses of $2.4M, and assets of $33.7M (revenue +40.4% year-over-year).
2013: Revenue of $3.4M, expenses of $2.3M, and assets of $31.0M (revenue +18.2% year-over-year).
2012: Revenue of $2.8M, expenses of $1.9M, and assets of $27.2M (revenue -7.6% year-over-year).
2011: Revenue of $3.1M, expenses of $1.8M, and assets of $24.5M.

Data Sources and Methodology

This transparency report for Fredonia College Foundation Of State University Of New York 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.