Suny New Paltz Foundation Inc
Suny New Paltz Foundation: Strong Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222141645 · New Paltz, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $2.8M |
| Program Spending | 60% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $49.8M |
| Transparency Score | 75/100 |
Is Suny New Paltz Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Suny New Paltz Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Suny New Paltz Foundation Inc
Suny New Paltz Foundation Inc (EIN: 222141645) is a nonprofit organization based in New Paltz, NY. The organization reported total revenue of $14.5M and total assets of $62.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suny New Paltz Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Suny New Paltz Foundation Inc is a large nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $51.1M |
| Total Liabilities | $1.3M |
| Net Assets | $49.8M |
| Operating Margin | 28.8% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 221.0 months |
Financial Health Grade: A
In 2023, Suny New Paltz Foundation Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 221.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Suny New Paltz Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | +32.8% | +7.5% |
| 2022 | +2.0% | -14.2% | -9.2% |
| 2021 | +32.2% | +-0.0% | +16.3% |
| 2020 | -31.1% | +18.1% | +4.2% |
| 2019 | -45.8% | +15.0% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1977 |
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 Suny New Paltz Foundation 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Suny New Paltz Foundation Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an organization with over $62 million in assets and suggests that executive compensation may be covered by the university or other related entities, or is not being reported
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 Suny New Paltz Foundation Inc's IRS 990 filings:
- Consistent reporting of $0 for officer/director/key employee compensation raises questions about the true cost of leadership and potential hidden compensation structures.
- Administrative expenses appear high relative to program spending, especially considering the reported $0 executive compensation.
- Revenue has fluctuated significantly over the years, with a notable drop from $8,760,590 in 2018 to $3,897,969 in 2023, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Suny New Paltz Foundation Inc:
- The foundation boasts substantial and growing assets, reaching $62,720,811, providing a strong financial base for its mission.
- Consistent annual revenue generation, despite fluctuations, demonstrates ongoing donor support and fundraising capabilities.
- The organization consistently files its financial reports, indicating transparency in its regulatory obligations.
Frequently Asked Questions about Suny New Paltz Foundation Inc
Is Suny New Paltz Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Suny New Paltz Foundation Inc (EIN: 222141645) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Suny New Paltz Foundation Inc spend its money?
Suny New Paltz Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Suny New Paltz Foundation Inc tax-deductible?
Suny New Paltz Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222141645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Suny New Paltz Foundation Inc CEO make?
Suny New Paltz Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $14.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Suny New Paltz Foundation Inc's spending goes to programs?
Suny New Paltz Foundation Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Suny New Paltz Foundation Inc located?
Suny New Paltz Foundation Inc is headquartered in New Paltz, New York and files with the IRS under EIN 222141645.
How many years of IRS 990 filings does Suny New Paltz Foundation Inc have?
Suny New Paltz Foundation Inc 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 $14.5M in total revenue.
What does Suny New Paltz Foundation Inc do?
Suny New Paltz Foundation Inc is a nonprofit organization in the Unknown sector, located in New Paltz, New York. It is classified under NTEE code Unknown.
How much revenue does Suny New Paltz Foundation Inc have?
Suny New Paltz Foundation Inc reported total revenue of $14,483,383. Based on 13 IRS 990 filings on record.
What are Suny New Paltz Foundation Inc's total assets?
Suny New Paltz Foundation Inc holds total assets of $62,720,811 as reported in IRS 990 filings.
Where is Suny New Paltz Foundation Inc located?
Suny New Paltz Foundation Inc is based in New Paltz, New York.
What is Suny New Paltz Foundation Inc's EIN?
Suny New Paltz Foundation Inc's Employer Identification Number (EIN) is 222141645. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Suny New Paltz Foundation Inc?
Suny New Paltz Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Suny New Paltz Foundation Inc a registered 501(c)(3)?
Suny New Paltz Foundation Inc appears in IRS records (EIN: 222141645). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Suny New Paltz Foundation Inc file IRS Form 990?
Yes, Suny New Paltz Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Suny New Paltz Foundation Inc's revenue in 2023?
In the 202306 filing period, Suny New Paltz Foundation Inc reported total revenue of $3,897,969, total expenses of $2,775,350, and net assets of $51,116,186.
Is Suny New Paltz Foundation Inc's revenue growing or declining?
Suny New Paltz Foundation Inc's revenue is declining. Revenue went from $4,407,020 (202206) to $3,897,969 (202306), a -11.6% change. Based on 13 filings on record.
What is Suny New Paltz Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Suny New Paltz Foundation Inc covers tax period 202306. It shows revenue of $3,897,969, expenses of $2,775,350, total assets of $51,116,186, and liabilities of $1,289,631.
How much does Suny New Paltz Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Suny New Paltz Foundation Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Suny New Paltz Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Suny New Paltz Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Suny New Paltz Foundation Inc?
The following concerns were identified: Consistent reporting of $0 for officer/director/key employee compensation raises questions about the true cost of leadership and potential hidden compensation structures.. Administrative expenses appear high relative to program spending, especially considering the reported $0 executive compensation.. Revenue has fluctuated significantly over the years, with a notable drop from $8,760,590 in 2018 to $3,897,969 in 2023, indicating potential instability in funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Suny New Paltz Foundation Inc's strengths?
Positive indicators for Suny New Paltz Foundation Inc include: The foundation boasts substantial and growing assets, reaching $62,720,811, providing a strong financial base for its mission.. Consistent annual revenue generation, despite fluctuations, demonstrates ongoing donor support and fundraising capabilities.. The organization consistently files its financial reports, indicating transparency in its regulatory obligations.. These findings are derived from AI analysis of the organization's financial filings.
How does Suny New Paltz Foundation Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an organization with over $62 million in assets and suggests that executive compensation may be covered by the university or other related entities, or is not being reported Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 compensation for key personnel, how are the administrative functions, which represent a significant portion of spending, being managed and funded?
The consistent reporting of $0 for executive compensation suggests that administrative costs, such as salaries for leadership, might be absorbed by SUNY New Paltz directly or through other related entities, or are categorized differently within the expense breakdown, rather than being a direct expense of the foundation itself.
What specific programs and initiatives are supported by the foundation, and how is their impact measured, given the high asset base?
While the data shows overall revenue and expenses, specific details on the programs funded and their outcomes are not provided. A deeper dive into program service accomplishments would be necessary to understand the direct impact of the foundation's substantial assets.
Filing History
IRS 990 filing history for Suny New Paltz Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Suny New Paltz Foundation Inc's revenue has grown by 66.3%, moving from $2.3M to $3.9M. Total assets increased by 94.5% over the same period, from $26.3M to $51.1M. Total functional expenses rose by 179.1%, from $995K to $2.8M. In its most recent filing year (2023), Suny New Paltz Foundation Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $51.1M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $49.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $2.8M | $51.1M | $1.3M | — | View 990 |
| 2022 | $4.4M | $2.1M | $47.5M | $1.2M | — | View 990 |
| 2021 | $4.3M | $2.4M | $52.4M | $1.3M | — | View 990 |
| 2020 | $3.3M | $2.4M | $45.0M | $1.2M | — | View 990 |
| 2019 | $4.7M | $2.1M | $43.2M | $853K | — | View 990 |
| 2018 | $8.8M | $1.8M | $40.6M | $649K | — | View 990 |
| 2017 | $3.5M | $1.7M | $35.0M | $596K | — | View 990 |
| 2016 | $3.2M | $1.5M | $33.8M | $2.7M | — | View 990 |
| 2015 | $6.2M | $1.2M | $33.3M | $2.4M | — | View 990 |
| 2014 | $2.8M | $1.3M | $31.9M | $2.3M | — | View 990 |
| 2013 | $2.2M | $1.2M | $28.7M | $2.4M | — | View 990 |
| 2012 | $2.4M | $1.1M | $27.1M | $2.6M | — | View 990 |
| 2011 | $2.3M | $995K | $26.3M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $2.8M, and assets of $51.1M (revenue -11.6% year-over-year).
- 2022: Revenue of $4.4M, expenses of $2.1M, and assets of $47.5M (revenue +2.0% year-over-year).
- 2021: Revenue of $4.3M, expenses of $2.4M, and assets of $52.4M (revenue +32.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.4M, and assets of $45.0M (revenue -31.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $2.1M, and assets of $43.2M (revenue -45.8% year-over-year).
- 2018: Revenue of $8.8M, expenses of $1.8M, and assets of $40.6M (revenue +150.9% year-over-year).
- 2017: Revenue of $3.5M, expenses of $1.7M, and assets of $35.0M (revenue +7.9% year-over-year).
- 2016: Revenue of $3.2M, expenses of $1.5M, and assets of $33.8M (revenue -47.6% year-over-year).
- 2015: Revenue of $6.2M, expenses of $1.2M, and assets of $33.3M (revenue +124.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.3M, and assets of $31.9M (revenue +24.2% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.2M, and assets of $28.7M (revenue -6.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.1M, and assets of $27.1M (revenue +1.0% year-over-year).
- 2011: Revenue of $2.3M, expenses of $995K, and assets of $26.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Suny New Paltz Foundation Inc:
Data Sources and Methodology
This transparency report for Suny New Paltz Foundation 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.