Foundation of the State University of New York At Binghamton Inc
85% goes to programs $21 to raise $100 Strong reserves Declining revenue
Foundation of the State University of New York At Binghamton Inc is a 501(c)(3) organization based in Binghamton, New York, registered in 1958, with $56,524,847 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
Po Box 6005, Binghamton, NY, 13902 EIN 16-6053710 Since 1958
Revenue (FY2024)
$56.5M
▼ 31.8% vs prior year
Education median: $200K
Expenses (FY2024)
$33.2M
Net assets
$484.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $21 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Foundation of the State University of New York At Binghamton Inc: 85% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating175 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foundation of the State University of New York At Binghamton Inc: 175 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Foundation of the State University of New York At Binghamton Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foundation of the State University of New York At Binghamton Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The foundation was established to accept and encourage gifts to the foundation and to advance the welfare and development of the university to make grants of financial assistance to the university and its faculty and students; to receive, hold and administer such gifts to service the previously stated purpose
What they do
Binghamton university forum is a member only group formed by the foundation to promote community relations and encourage private support of the university.
Contact & location
- Address
- Po Box 6005, Binghamton, NY, 13902
- City
- Binghamton
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $15.9M (FY2013) to $56.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.5MNet assets $484.9M
Operating margin
41.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$498.4M
Total liabilities
$13.5M
Net assets
$484.9M
Salaries & benefits
$2.6M
8% of expenses
Board members
39
36 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $56,524,847▼31.8% | $33,245,495▼70.3% | $484,854,391▲7.9% | $498,389,648▲6.3% | 990 |
| 2023 | $82,839,756▲42.9% | $111,780,813▲39.7% | $449,160,286▼7.1% | $468,776,672▼5.6% | 990 |
| 2022 | $57,977,280▼81.3% | $80,006,847▲164% | $483,347,992▼7.3% | $496,626,686▼6.9% | 990 |
| 2021 | $309,395,877▲955% | $30,315,078▲33.7% | $521,675,982▲125% | $533,544,870▲86.2% | 990 |
| 2020 | $29,318,635▼57.9% | $22,669,277▲17.5% | $231,543,185▲16.0% | $286,478,699▲14.3% | 990 |
| 2019 | $69,594,810▲160% | $19,295,862▲9.5% | $199,688,634▲30.8% | $250,714,314▲42.6% | 990 |
| 2018 | $26,779,067▲13.0% | $17,622,772▲4.1% | $152,636,510▲8.8% | $175,763,967▲2.2% | 990 |
| 2017 | $23,694,083▼7.9% | $16,927,785▼2.0% | $140,314,958▲8.7% | $172,061,990▲8.5% | 990 |
| 2016 | $25,713,582▲2.9% | $17,269,070▲16.3% | $129,136,551▲20.6% | $158,568,513▲19.6% | 990 |
| 2015 | $24,991,570▼17.6% | $14,850,854▲17.8% | $107,056,389▼1.9% | $132,596,458▲1.9% | 990 |
| 2014 | $30,339,084▲90.6% | $12,604,352▲3.7% | $109,165,300▲13.8% | $130,099,567▲14.3% | 990 |
| 2013 | $15,916,574 | $12,150,075▼1.6% | $95,967,186▲15.0% | $113,828,218▲17.0% | 990 |
| 2012 | — | $12,344,990▲15.2% | $83,455,942▲8.8% | $97,305,676▲6.9% | 990 |
| 2011 | — | $10,717,243 | $76,671,569 | $91,066,257 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Abby Goldstein | Director | 0.3 | — |
| Albert Nocciolino | Director | 0.3 | — |
| Alex Huppe | Director | 0.3 | — |
| Andrew Bonzani | Director | 0.3 | — |
| Anita Borkenstein | Director | 0.3 | — |
| Bai Lee | Director | 0.3 | — |
| Brian J Zakrocki | Director | 0.3 | — |
| Cara Treidel | Ex-officio Director | 0.3 | — |
| Carolyn Mancini | Director | 0.3 | — |
| Cathleen M Ellsworth | Director | 0.3 | — |
| Charles Kim | Director | 0.3 | — |
| David Whitmore | Director | 0.3 | — |
| Donald Hall | Ex-officio Director | 0.3 | — |
| Elizabeth Bloomer Nesvold | Director | 0.3 | — |
| Elizabeth Koffman | Director | 0.3 | — |
| Geraldine Macdonald | Director | 0.3 | — |
| Harvey Stenger | Ex-officio Director | 0.3 | — |
| Howard Unger | Director | 0.3 | — |
| James Bankoski | Director | 0.3 | — |
| James Orband | Director | 0.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Stalwart Development Group LLC | — | $2,155,022 |
| Keystone Associates Architects Engineer | Architect | $670,916 |
| Wilson-bennett Technology Inc | Fundraising Consultant | $312,861 |
| Mercer Investments LLC | Investment Consultant | $252,899 |
| Hunt Engineers Architects Land Surveyo | Architect | $158,255 |
Grants received · $11.2M total
120 grants to Foundation of the State University of New York At Binghamton Inc totaling $11.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $90,426 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,000 |
| The New York Community Trust | For program support. | 2024 | $50,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $42,350 |
| American Endowment Foundation | Educational | 2024 | $42,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $39,973 |
| American Gift Fund | Operations | 2024 | $25,000 |
| St Louis Community Foundation Incorporated | Men's lacrosse team | 2024 | $25,000 |
| The Bessemer Giving Fund | General support | 2024 | $18,665 |
| Impactassets Inc | General support | 2024 | $13,163 |
| Greater Horizons | Education | 2024 | $10,300 |
| The Blackbaud Giving Fund | General support | 2024 | $5,436 |
| Paypal Charitable Giving Fund | General support | 2024 | $5,420 |
| Neo Philanthropy Inc | Program grant | 2024 | $5,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $665,585 |
Grants made · $19.1M in FY2024
2 grants totaling $19.1M in FY2024. All grants made by Foundation of the State University of New York At Binghamton Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| State University of New York At Binghamton | Faculty and student program support | $18,809,955 |
| State University of New York At Binghamton Alumni Association Inc | Support of alumni operations | $290,000 |
Similar organizations in Education
- Education
True North Rochester Preparatorycharter School
New York, NY
$56.1M
Bannual revenue
Education
William J Brennan Jr Center For Justice Inc
New York, NY
$57.9M
B+annual revenue
Education
Pierpont Morgan Library
New York, NY
$55.1M
Bannual revenue
Education
Keuka College
Keuka Park, NY
$58.5M
Aannual revenue
Education
Roberts Wesleyan University
Rochester, NY
$54.5M
B+annual revenue
Education
Trevor Day School
New York, NY
$54.5M
Bannual revenue
Education
Collegiate School Inc
New York, NY
$54.5M
B+annual revenue
Education
Faculty Students Association of State University of New York
Buffalo, NY
$53.7M
Bannual revenue
Education
Bronx Charter School For Excellence
Bronx, NY
$59.7M
Bannual revenue
Education
Kipp New York Inc
New York, NY
$59.7M
A+annual revenue
Compare Foundation of the State University of New York At Binghamton Inc
Frequently asked questions
- Is Foundation of the State University of New York At Binghamton Inc a legitimate nonprofit?
- Yes. Foundation of the State University of New York At Binghamton Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-6053710, based in Binghamton, New York. Donations are tax-deductible.
- What is Foundation of the State University of New York At Binghamton Inc's EIN?
- Foundation of the State University of New York At Binghamton Inc's Employer Identification Number (EIN) is 16-6053710.
- How much revenue does Foundation of the State University of New York At Binghamton Inc report?
- Foundation of the State University of New York At Binghamton Inc reported $56,524,847 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Foundation of the State University of New York At Binghamton Inc's spending goes to programs?
- Foundation of the State University of New York At Binghamton Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Foundation of the State University of New York At Binghamton Inc have?
- CharityIndex grades Foundation of the State University of New York At Binghamton Inc A, based on program efficiency and fundraising cost.
- How much does Foundation of the State University of New York At Binghamton Inc's highest-paid employee make?
- The highest reported compensation on Foundation of the State University of New York At Binghamton Inc's latest Form 990 is $0, paid to Abby Goldstein (Director).
More nonprofits in Binghamton
Explore more
Data for Foundation of the State University of New York At Binghamton Inc (EIN 16-6053710) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.