State University Of New York At Oneonta Foundation Corporation
SUNY Oneonta Foundation: Strong Assets, Inconsistent Revenue
EIN: 222403203 · Oneonta, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $27.8M |
| Total Expenses | $5.1M |
| Program Spending | 74% |
| Net Assets | $83.9M |
| Transparency Score | 85/100 |
Is State University Of New York At Oneonta Foundation Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
State University Of New York At Oneonta Foundation Corporation directs 74% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About State University Of New York At Oneonta Foundation Corporation
State University Of New York At Oneonta Foundation Corporation (EIN: 222403203) is a nonprofit organization based in Oneonta, NY. The organization reported total revenue of $27.8M and total assets of $91.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of State University Of New York At Oneonta Foundation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
State University Of New York At Oneonta Foundation Corporation is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $84.3M |
| Total Liabilities | $377K |
| Net Assets | $83.9M |
| Operating Margin | 34.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 197.6 months |
Financial Health Grade: A
In 2024, State University Of New York At Oneonta Foundation Corporation reported a surplus of $2.7M with revenue exceeding expenses, holds 197.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), State University Of New York At Oneonta Foundation Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.1% | +2.8% | +10.1% |
| 2023 | -40.2% | -9.0% | +7.0% |
| 2022 | +47.5% | +36.4% | -13.3% |
| 2021 | -3.4% | -4.9% | +24.3% |
| 2020 | +27.8% | +6.2% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 State University Of New York At Oneonta Foundation Corporation 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: 10%
- programs: 74%
- fundraising: 16%
According to IRS 990 filings, State University Of New York At Oneonta Foundation Corporation allocates its expenses as follows: admin: 10%, programs: 74%, fundraising: 16%. Approximately 74% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 State University Of New York At Oneonta Foundation Corporation's IRS 990 filings:
- Revenue has shown significant year-over-year fluctuations, from $3.66M in 2017 to $27.85M in 2024, which could indicate reliance on large, infrequent donations or grants.
Strengths
The following positive indicators were identified for State University Of New York At Oneonta Foundation Corporation:
- Total assets have consistently grown, from $53.12M in 2017 to $91.69M in 2024, indicating strong financial health and investment management.
- The foundation maintains a healthy liquidity position, with liabilities consistently low relative to assets.
- A significant portion of expenses is directed towards programs (74% based on 2024 data), aligning with their mission.
Frequently Asked Questions about State University Of New York At Oneonta Foundation Corporation
Is State University Of New York At Oneonta Foundation Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, State University Of New York At Oneonta Foundation Corporation (EIN: 222403203) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does State University Of New York At Oneonta Foundation Corporation spend its money?
State University Of New York At Oneonta Foundation Corporation directs 74% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to State University Of New York At Oneonta Foundation Corporation tax-deductible?
State University Of New York At Oneonta Foundation Corporation is registered as a tax-exempt nonprofit (EIN: 222403203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of State University Of New York At Oneonta Foundation Corporation's spending goes to programs?
State University Of New York At Oneonta Foundation Corporation directs 74% to programs, 16% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is State University Of New York At Oneonta Foundation Corporation located?
State University Of New York At Oneonta Foundation Corporation is headquartered in Oneonta, New York and files with the IRS under EIN 222403203.
How many years of IRS 990 filings does State University Of New York At Oneonta Foundation Corporation have?
State University Of New York At Oneonta Foundation Corporation has 13 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 $27.8M in total revenue.
What does State University Of New York At Oneonta Foundation Corporation do?
State University Of New York At Oneonta Foundation Corporation is a nonprofit organization in the Unknown sector, located in Oneonta, New York. It is classified under NTEE code Unknown.
How much revenue does State University Of New York At Oneonta Foundation Corporation have?
State University Of New York At Oneonta Foundation Corporation reported total revenue of $27,849,592. Based on 13 IRS 990 filings on record.
What are State University Of New York At Oneonta Foundation Corporation's total assets?
State University Of New York At Oneonta Foundation Corporation holds total assets of $91,692,950 as reported in IRS 990 filings.
Where is State University Of New York At Oneonta Foundation Corporation located?
State University Of New York At Oneonta Foundation Corporation is based in Oneonta, New York.
What is State University Of New York At Oneonta Foundation Corporation's EIN?
State University Of New York At Oneonta Foundation Corporation's Employer Identification Number (EIN) is 222403203. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is State University Of New York At Oneonta Foundation Corporation?
State University Of New York At Oneonta Foundation Corporation is classified under NTEE code Unknown (Unknown).
Is State University Of New York At Oneonta Foundation Corporation a registered 501(c)(3)?
State University Of New York At Oneonta Foundation Corporation appears in IRS records (EIN: 222403203). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does State University Of New York At Oneonta Foundation Corporation file IRS Form 990?
Yes, State University Of New York At Oneonta Foundation Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was State University Of New York At Oneonta Foundation Corporation's revenue in 2024?
In the 202406 filing period, State University Of New York At Oneonta Foundation Corporation reported total revenue of $7,847,028, total expenses of $5,122,019, and net assets of $84,322,935.
Is State University Of New York At Oneonta Foundation Corporation's revenue growing or declining?
State University Of New York At Oneonta Foundation Corporation's revenue is growing. Revenue went from $6,220,840 (202306) to $7,847,028 (202406), a +26.1% change. Based on 13 filings on record.
What is State University Of New York At Oneonta Foundation Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for State University Of New York At Oneonta Foundation Corporation covers tax period 202406. It shows revenue of $7,847,028, expenses of $5,122,019, total assets of $84,322,935, and liabilities of $377,405.
How much does State University Of New York At Oneonta Foundation Corporation spend on programs vs administration?
Based on IRS 990 analysis, State University Of New York At Oneonta Foundation Corporation allocates approximately 74% of expenses to program services, 10% to administrative costs, and 16% to fundraising. Program spending is moderate relative to overhead.
Is State University Of New York At Oneonta Foundation Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, State University Of New York At Oneonta Foundation Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for State University Of New York At Oneonta Foundation Corporation?
The following concerns were identified: Revenue has shown significant year-over-year fluctuations, from $3.66M in 2017 to $27.85M in 2024, which could indicate reliance on large, infrequent donations or grants.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are State University Of New York At Oneonta Foundation Corporation's strengths?
Positive indicators for State University Of New York At Oneonta Foundation Corporation include: Total assets have consistently grown, from $53.12M in 2017 to $91.69M in 2024, indicating strong financial health and investment management.. The foundation maintains a healthy liquidity position, with liabilities consistently low relative to assets.. A significant portion of expenses is directed towards programs (74% based on 2024 data), aligning with their mission.. These findings are derived from AI analysis of the organization's financial filings.
How does State University Of New York At Oneonta Foundation Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial growth in assets and fluctuating revenue, what is the foundation's long-term strategy for sustainable funding and endowment growth?
The consistent asset growth suggests a robust investment strategy for their endowment, which likely provides a stable income stream to offset revenue volatility. Further analysis of investment returns and endowment spending policies would clarify this strategy.
Filing History
IRS 990 filing history for State University Of New York At Oneonta Foundation Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), State University Of New York At Oneonta Foundation Corporation's revenue has grown by 148%, moving from $3.2M to $7.8M. Total assets increased by 128.1% over the same period, from $37.0M to $84.3M. Total functional expenses rose by 105.1%, from $2.5M to $5.1M. In its most recent filing year (2024), State University Of New York At Oneonta Foundation Corporation reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $377K in liabilities against $84.3M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $83.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.8M | $5.1M | $84.3M | $377K | — | View 990 |
| 2023 | $6.2M | $5.0M | $76.6M | $125K | — | — |
| 2022 | $10.4M | $5.5M | $71.6M | $167K | — | View 990 |
| 2021 | $7.1M | $4.0M | $82.6M | $185K | — | View 990 |
| 2020 | $7.3M | $4.2M | $66.5M | $149K | — | View 990 |
| 2019 | $5.7M | $4.0M | $64.7M | $178K | — | View 990 |
| 2018 | $13.2M | $3.7M | $61.4M | $262K | — | — |
| 2017 | $3.7M | $3.5M | $53.1M | $234K | — | View 990 |
| 2016 | $3.3M | $3.6M | $49.1M | $277K | — | View 990 |
| 2015 | $4.0M | $3.3M | $49.9M | $278K | — | View 990 |
| 2014 | $8.5M | $2.9M | $49.0M | $246K | — | View 990 |
| 2013 | $3.6M | $2.6M | $42.2M | $220K | — | View 990 |
| 2012 | $3.2M | $2.5M | $37.0M | $242K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.8M, expenses of $5.1M, and assets of $84.3M (revenue +26.1% year-over-year).
- 2023: Revenue of $6.2M, expenses of $5.0M, and assets of $76.6M (revenue -40.2% year-over-year).
- 2022: Revenue of $10.4M, expenses of $5.5M, and assets of $71.6M (revenue +47.5% year-over-year).
- 2021: Revenue of $7.1M, expenses of $4.0M, and assets of $82.6M (revenue -3.4% year-over-year).
- 2020: Revenue of $7.3M, expenses of $4.2M, and assets of $66.5M (revenue +27.8% year-over-year).
- 2019: Revenue of $5.7M, expenses of $4.0M, and assets of $64.7M (revenue -56.8% year-over-year).
- 2018: Revenue of $13.2M, expenses of $3.7M, and assets of $61.4M (revenue +261.3% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.5M, and assets of $53.1M (revenue +11.3% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.6M, and assets of $49.1M (revenue -17.1% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.3M, and assets of $49.9M (revenue -53.2% year-over-year).
- 2014: Revenue of $8.5M, expenses of $2.9M, and assets of $49.0M (revenue +134.7% year-over-year).
- 2013: Revenue of $3.6M, expenses of $2.6M, and assets of $42.2M (revenue +14.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.5M, and assets of $37.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for State University Of New York At Oneonta Foundation Corporation:
Data Sources and Methodology
This transparency report for State University Of New York At Oneonta Foundation Corporation 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.