2023-09-21T13:48:46-05:00 2022-12-31 161092347 MENGEL METZGER BARR & CO LLP 11 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2022-01-01 611600398 THE SCHENECTADY FOUNDATION INC SCHE 5183939500 P O BOX 710 SCHENECTADY NY 12301 ROBERT CARREAU EXECUTIVE DIRECTOR 5183939500 2023-09-21 1 ROBERT CARREAU 999009999 1 ALAN W CLINK CPA P01256785 5187850134 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ROBERT CARREAU P O BOX 710 SCHENECTADY NY 12301 1104395 0 X WWW.SCHENECTADYFOUNDATION.ORG X 2009 NY TO PROVIDE ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION. 7 7 6 165 0 0 946139 1102093 0 0 13 2302 0 0 946152 1104395 398545 226666 0 0 347644 443700 0 0 84594 192289 268164 938478 938530 7674 165865 542812 666789 60519 18631 482293 648158 X THE SCHENECTADY FOUNDATION'S MISSION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES. THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE FOUNDATION TO ACHIEVE THIS MISSION. 0 0 115817 GRANTS AND SCHOLARSHIPS MADE:THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATING SUPPORT TO THE GRANTS AND SCHOLARSHIP PROGRAMS OF THE SCHENECTADY FOUNDATION, INCLUDING THE CREATION OF GRANT APPLICATIONS AND PROCESSES, PROVIDING TECHNICAL ASSISTANCE TO GRANT APPLICATIONS AND GRANTEES, REVIEWING AND EVALUATING APPLICATIONS, ENSURING DUE DILIGENCE AND FOLLOW-UP THROUGH GRANT REPORTING, TRACKING AND MANAGING GRANT CONDITIONS AND PAYMENTS. 573873 226666 STRATEGIC INITIATIVES:THE SCHENECTADY FOUNDATION'S COMMUNITY PRIORITIES AND STRATEGIC INITIATIVES ARE CARRIED OUT THROUGH THE WORK OF THE SCHENECTADY FOUNDATION, INC. NEW PRIORITIES ARE ADOPTED FROM TIME TO TIME BY THE FOUNDATION. IN 2022 THE FOUNDATION'S INITIATIVES INCLUDED: 1) FOOD SECURITY: WEEKEND BACKPACK PROGRAM ENSURES THAT MORE THAN 800 FOOD INSECURE CHILDREN IN ELEMENTARY SCHOOLS THROUGHOUT SCHENECTADY COUNTY RECEIVE A WEEKEND SUPPLY OF FOOD EACH FRIDAY. WEEKEND BACKPACK PARTNERS INCLUDE CITY MISSION OF SCHENECTADY, REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK, MVP HEALTH CARE, SEFCU AND SCHOOL DISTRICTS THROUGHOUT SCHENECTADY COUNTY. DURING 2022, THERE WERE 975 STUDENTS SERVED).NEIGHBORHOODS: TWO MORE PROJECTS FROM ROUND 2 (ROUND 2 INITIATED IN 2019) OF THE THRIVING NEIGHBORHOOD CHALLENGE WERE COMPLETED IN 2022. A THIRD ROUND OF THE THRIVING NEIGHBORHOOD CHALLENGE FOR COMMUNITY GROUP-LED NEIGHBORHOOD PROJECTS WAS ESTABLISHED IN 2022. COMMUNITY PROJECTS WERE SELECTED AND $261,800 IN FUNDING WAS COMMITTED. PROJECTS INVOLVED CLOSE TO 100 CITIZENS AND THE PROJECTS SERVE CITY RESIDENTS (65,000). $16,384 WAS EXPENSED IN 2022 FOR ROUND 2 PROJECTS; NO FUNDING WAS EXPENSED YET FOR ROUND 3 PROJECTS.PANDEMIC RESPONSE AND RECOVERY: THE INITIATIVE CALLED "ONE SCHENECTADY" (FORMED IN 2020) CONTINUED TO ASSIST COMMUNITY MEMBERS AS COVID WAVES LASTED THROUGH 2022. ASSISTANCE WAS PROVIDED IN HELPING PEOPLE FIND EMPLOYMENT, CONTINUING TO HELP PAY FOR CHILDCARE, AND RENT AND UTILITIES FOR NEED COMMUNITY MEMBERS. THE SUPPORT USED $10,000 IN FUNDING. THE PROCESS INVOLVED 25 VOLUNTEERS AND SERVED APPROXIMATELY 150 RESIDENTS.SYSTEMS CHANGE: THE FOUNDATION INITIATED A NEW PROJECT - THE ONE SCHENECTADY SYSTEMS CHANGE. A CONTRACT WITH COMMUNITY SCIENCE WAS SIGNED IN 2021 TO PURSUE THE COMPLEX UNDERSTANDING OF SYSTEMS CHANGE AND HOW TO DEVELOP A STRATEGIC APPROACH TO IMPROVE OUR ORGANIZATIONS, BUSINESSES, AND COMMUNITIES BY CHANGING THE SYSTEMS THAT HAVE MAINTAINED CURRENT INEQUITIES IN SOCIETY. THIS WILL SERVE THE ENTIRE COUNTY OF 150,000 RESIDENTS.FOOD SECURITY: THE FOOD SECURITY EMPHASIS WAS EXPANDED IN 2021 BY THE CREATION OF A SCHENECTADY FOOD SECURITY COUNCIL. PARTNERS ON THE STEERING COMMITTEE FOR THIS GROUP INCLUDE THE SCHENECTADY CITY SCHOOL DISTRICT, SCHENECTADY COUNTY PUBLIC HEALTH, UNITED WAY, THE FOOD PANTRIES FOR THE CAPITAL DISTRICT, SCHENECTADY GREENMARKET, ELECTRIC CITY CO-OP, MESSIAH LUTHERAN CHURCH, SCHENECTADY STREET SOLDIERS, AND SCHENECTADY URBAN FARMS. CONTINUED ORGANIZATION THROUGH 2022 - NO EXPENSES IN 2022 - 30 VOLUNTEERS ON FOOD COUNCIL. 689690 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 7 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X JEAN M CHURCHILL 5183939500 251 STATE ST SCHENECTADY NY 12305 ALFRED TOMPKINS DIRECTOR 1.00 1.00 X 0 0 0 JOHAN MATTHEWS DIRECTOR 1.00 1.00 X 0 0 0 KIMBERLY KILBY DIRECTOR 1.00 1.00 X 0 0 0 MONA GOLUB DIRECTOR 1.00 1.00 X 0 0 0 JOSEPH TARDI SECRETARY 1.00 1.00 X X 0 0 0 MARTHA ASSELIN VICE CHAIR 1.00 1.00 X X 0 0 0 OMAYRA PADILLA DEJESUS CHAIR 1.00 1.00 X X 0 0 0 KEVIN SMITH ASSISTANT TREASURER 1.00 1.00 X 0 0 0 MICHAEL OZIMEK TREASURER 1.00 1.00 X 0 0 0 ROBERT CARREAU EXECUTIVE DIRECTOR 40.00 1.00 X 148734 0 18198 HERB SCHULTZ ASSISTANT TREASURER 1.00 1.00 X 0 0 0 148734 0 18198 1 0 1 0 0 788522 55764 257807 1102093 2302 2302 1104395 0 0 2302 X 226666 226666 166932 102471 37892 26569 221141 135509 50610 35022 5276 3250 1198 828 23499 14442 5335 3722 26852 16434 6095 4323 420 420 21129 21129 180201 151567 28200 434 380 301 79 25136 16679 3935 4522 19049 11696 4324 3029 3236 2019 727 490 874 874 5916 3632 1343 941 DUES & SUBSCRIPTIONS 5857 1442 533 3882 REPAIRS AND MAINTENANCE 3969 2437 901 631 EDUCATION AND SEMINARS 1343 1045 201 97 MISCELLANEOUS 654 100 529 25 938530 689690 164246 84594 288895 357661 121886 101211 96050 156510 30000 50000 4015 315 9175 8083 1966 1092 542812 666789 60519 18631 60519 18631 X 81708 259836 400585 388322 482293 648158 542812 666789 165865 0 X X 0 1 X 1 0 X X 1 THE SCHENECTADY FOUNDATION 146019650 8 1 708822 0 1 708822 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE REPORTING ORGANIZATION PROVIDES ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION, THE SUPPORTED ORGANIZATION. THE ORGANIZATION ALSO MANAGES THE FOUNDATION'S GRANT AND SCHOLARSHIP PROGRAMS AND IMPLEMENTS PLANS FOR THE FOUNDATION'S STRATEGIC WORK ON NEIGHBORHOOD REVITALIZATION, THE CALL TO ACTION FOR YOUTH, THE WEEKEND BACKPACK PROGRAM, THE REBUILDING FAMILIES FUND (COVID-19 RESPONSE), AND INITIAL PREPARATION OF SYSTEMS CHANGE INITIATIVE. PART IV, SECTION E, LINE 2B: THE REPORTING ORGANIZATION WAS CREATED TO SUPPORT THE SCHENECTADY FOUNDATION IN ITS MISSION. THE SCHENECTADY FOUNDATION'S MISSION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3057 3057 0 6118 5026 1092 1092 X PART X, LINE 2: THE SCHENECTADY FOUNDATION AND ITS AFFILIATE ARE NOT-FOR-PROFIT ENTITIES AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION AND AFFILIATE HAVE BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS ENTITIES THAT ARE NOT PRIVATE FOUNDATIONS AND QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION. THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES ON INCOME RECEIVED FOR EXEMPT PURPOSES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS STATUTORY REQUIREMENTS FOR INCOME TAX ACCOUNTING AND AVOIDS RISKS WITH TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES THE LIABILITY FROM TAXING AUTHORITY EXAMINATION, IF ANY, WOULD NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. 1 CITY MISSION OF SCHENECTADY 425 HAMILTON ST SCHENECTADY NY 12305 141403652 501(C)(3) 0 6379 SCHENECTADY PATRIOT BASEBALL SCHENECTADY COMMUNITY ACTION PROGRAM 913 ALBANY ST SCHENECTADY NY 12307 146034637 501(C)(3) 0 10717 COVID RESPONSE - HOUSING ASSISTANCE SEAT CENTER 131 STATE ST SCHENECTADY NY 12305 473946521 501(C)(3) 0 16388 NEIGHBORHOOD CHALLENGE PROJECTS - JAYLEN'S PARK CAPITAL REGION LAND BANK 433 STATE ST 4TH FLOOR SCHENECTADY NY 12305 460775590 501(C)(3) 0 23384 NEIGHBORHOOD CHALLENGE PROJECTS - WALLINGFORD PARK, AND ENGINE HILL PROJECT HABITAT FOR HUMANITY OF SCHENECTADY COUNTY 115 NORTH BROADWAY SCHENECTADY NY 12305 141765200 501(C)(3) 0 48000 NEIGHBORHOOD CHALLENGE PROJECTS - BELLVUE BALL FIELD REGIONAL FOOD BANK OF NENY 965 ALBANY SHAKER RD LATHAM NY 12110 222470885 501(C)(3) 0 113350 PRODUCT FOR MAZZONE FOOD BOX DELIVERY; WEEKEND BACKPACK PROGRAM 6 0 PART I, LINE 2: GRANT APPLICATIONS ARE RECEIVED BY STAFF AND REVIEWED FOR COMPLETENESS AND RELEVANCE. ACCEPTABLE APPLICATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS, OR THE EXECUTIVE DIRECTOR, AS AUTHORIZED BY THE BOARD, FOR THEIR REVIEW. APPLICANT INTERVIEWS ARE SCHEDULED SO THAT BOARD AND STAFF MAY CLARIFY INFORMATION PRESENTED IN THE WRITTEN GRANT APPLICATIONS. UPON APPROVAL OF GRANTS BY THE BOARD, OR BY THE EXECUTIVE DIRECTOR AS AUTHORIZED, A GRANT PAYMENT SCHEDULE IS ESTABLISHED. STAFF MONITOR GRANT PERFORMANCE AND ADHERENCE TO ANY GRANT CONDITIONS THAT WERE ESTABLISHED BY THE BOARD. X 0 0 0 0 0 0 0 0 0 ROBERT CARREAU EXECUTIVE DIRECTOR 138734 0 10000 0 0 0 5373 0 12825 0 166932 0 0 0 MICHAEL OZIMEK SEE PART V BELOW MICHAEL OZIMEK IS TREASURER OF THE ORGANIZATION AND IS CFO AND EXECUTIVE VICE PRESIDENT OF TRUSTCO BANK. IN ADDITION, HE IS ALSO A MEMBER OF THE TRUST COMMITTEE AT THE BANK. THE MAJORITY OF THE ORGANIZATION'S AFFILIATED ENTITY'S INVESTMENTS ARE CURRENTLY HELD AT TRUSTCO BANK. 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL OZIMEK IS TREASURER OF THE ORGANIZATION AND HAS A BUSINESS RELATIONSHIP TO ONE OF THE INSTITUTIONAL TRUSTEES OF THE AFFILITATED ENTITY. MIKE IS CFO AND EXECUTIVE VICE PRESIDENT OF TRUSTCO BANK AND HE IS A MEMBER OF THE TRUST COMMITTEE AT THE BANK. THE MAJORITY OF THE ORGANIZATION'S AFFILIATED ENTITY'S INVESTMENTS ARE CURRENTLY HELD AT TRUSTCO BANK. JOSEPH TARDI IS SECRETARY AND A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION AND HAS A BUSINESS RELATIONSHIP TO ONE OF THE INSTITUTIONAL TRUSTEES OF THE AFFILIATED ENTITY. JOE IS A CONSULTANT TO TRUSTCO BANK. THE MAJORITY OF THE ORGANIZATION'S AFFILIATED ENTITY'S INVESTMENTS ARE CURRENTLY HELD AT TRUSTCO BANK. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS COMPOSED OF MEMBERS OF THE DISTRIBUTION COMMITTEE OF THE SCHENECTADY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE ANNUAL AUDIT, OUR INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES FORM 990 AND RELATED SUPPORTING SCHEDULES FROM OUR INTERNAL RECORDS. WE DESIGNATE AN INDIVIDUAL(S) WITH SUITABLE SKILL, KNOWLEDGE, OR EXPERIENCE TO OVERSEE THESE SERVICES AND WE MAKE ALL MANAGEMENT DECISIONS AND PERFORM ALL MANAGEMENT FUNCTIONS. A COPY OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE ORGANIZATION FOR REVIEW, REVISION, AND SIGNATURE. THE FINAL FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE BEING FILED WITH THE IRS. WE HAVE REVIEWED, APPROVED, AND ACCEPTED RESPONSIBILITY FOR FORM 990 AND THE RELATED SCHEDULES AND BELIEVE THEY ARE ADEQUATELY SUPPORTED BY THE BOOKS AND RECORDS OF THE SCHENECTADY FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. A WRITTEN ANNUAL DISCLOSURE STATEMENT IS COMPLETED AND SIGNED BY ALL DIRECTORS AND STAFF. AT EACH MEETING OF THE BOARD, DIRECTORS ARE ASKED TO REVIEW THE CURRENT LIST OF ALL POTENTIAL CONFLICTS OF INTEREST, UPDATE THEIR LIST OF CONFLICTS, AND DISCLOSE ANY CONFLICTS THEY MAY HAVE WITH PLANNED AGENDA ITEMS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ANNUALLY NEGOTIATES EMPLOYMENT TERMS, COMPENSATION, AND BENEFITS WITH THE EXECUTIVE DIRECTOR BASED ON THE RESPONSIBILITIES OF THE POSITION, AND THEIR ANNUAL PERFORMANCE EVALUATION. NO MEMBER OF THE BOARD OF DIRECTORS RECEIVES COMPENSATION. THERE ARE NO KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT: PROGRAM SERVICE EXPENSES 149,890. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 149,890. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,677. MANAGEMENT AND GENERAL EXPENSES 28,200. FUNDRAISING EXPENSES 434. TOTAL EXPENSES 30,311. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS FOR REVIEWING AUDITED FINANCIAL STATEMENTS OR THE SELECTION OF AN INDEPENDENT AUDITOR. THE SCHENECTADY FOUNDATION 376 BROADWAY 2ND FLOOR SCHENECTADY NY 12305 146019650 PROVIDING SUPPORT TO SCHENECTADY COUNTY NY 501(C)(3) LINE 8 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE SCHENECTADY FOUNDATION C 708822 CASH VALUE