2024-10-09T14:47:13-05:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 11 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2023-01-01 611600398 THE SCHENECTADY FOUNDATION INC SCHE 5183939500 P O BOX 710 SCHENECTADY NY 12301 ROBERT CARREAU EXECUTIVE DIRECTOR 5183939500 2024-10-09 1 1 ALAN W CLINK CPA P01256785 5187850134 2023 2024-10-15 13:58:12Z ROBERT CARREAU P O BOX 710 SCHENECTADY NY 12301 736964 0 X WWW.SCHENECTADYFOUNDATION.ORG X 2009 NY TO PROVIDE ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION. 9 9 7 130 0 0 1102093 734525 0 0 2302 2439 0 0 1104395 736964 226666 253885 0 0 443700 454535 0 0 90915 268164 208949 938530 917369 165865 -180405 666789 671565 18631 203812 648158 467753 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 136307 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. 493755 253885 STRATEGIC INITIATIVES:SCHENECTADY FOUNDATION, INC. CARRIES OUT THE FOUNDATION'S COMMUNITY PRIORITIES AND STRATEGIC INITIATIVES.NEW PRIORITIES ARE ADOPTED FROM TIME TO TIME BY THE FOUNDATION.IN 2023, STRATEGIC INITIATIVES INCLUDED:1. FOOD SECURITY: A. WEEKEND BACKPACK PROGRAM - THE PROGRAM PROVIDES PKGS OF WEEKEND MEALS TO OVER 800ELEMENTARY SCHOOL CHILDREN IN SCHENECTADY COUNTY. A PILOT PROGRAM OF FOOD DISTRIBUTION THROUGH SCHOOL FOOD PANTRIES WAS STARTED IN THE CITY SCHOOL DISTRICT. PARTNERS INCLUDE CITY MISSION OF SCHENECTADY, MVP HEALTH CARE, BROADVIEW FCU, REGIONAL FOOD BANK OF NENY, AND SCHOOL DISTRICTS. DURING 2023 THERE WERE 803 STUDENTS SERVED.B. SCHENECTADY COUNTY FOOD COUNCIL -THE FOOD COUNCIL WAS FORMALLY ESTABLISHED IN THE PUBLIC EYE AFTER A PRESS CONFERENCE IN AUGUST. THERE ARE 45 VOLUNTEERS ON THE STEERING COMMITTEE AND SERVING ON THREE WORKGROUPS - A.) ACCESS & EQUITY; B.) ADVOCACY & EMPOWERMENT; C.) AGRICULTURE & FOOD SYSTEMS - ALL WORKING HARD TO EXPAND VISIBILITY AND INCLUDE MORE MEMBERS OF THE COMMUNITY. PARTNERS INCLUDE SCSD, SCHENECTADY CO PUBLIC HEALTH, THE FOOD PANTRIES FOR THE CAPITAL DISTRICT, SCHENECTADY GREENMARKET, ELECTRIC CITY CO-OP, MESSIAH LUTHERAN CHURCH, SCHENECTADY STREET SOLDIERS, AND SCHENECTADY URBAN FARMS.2. NEIGHBORHOODS: A. THRIVING NEIGHBORHOODS CHALLENGE PROJECTS, RUN BY CONCERNED AND DEDICATED RESIDENTS AND NEIGHBORHOOD ASSOCIATIONS WHICH WERE STARTED IN 2022, MOVED FORWARD IN 2023. PROGRESS ON PROJECTS RESULTED IN APPROXIMATELY 50% COMPLETION IN 2023. PROJECTS SUCH AS PARK IMPROVEMENTS AND CULTURAL/ EDUCATIONAL PROGRAMS WERE ADVANCED BY THE COOPERATIVE WORK OF 85 VOLUNTEERS WITH THE RESULTING IMPROVEMENTS BENEFITING ALL CITY RESIDENTS (65,000).3. SYSTEMS CHANGE:A. THE ONE SCHENECTADY SYSTEMS CHANGE MOVEMENT GATHERED MOMENTUM FOLLOWING AN EVENT CELEBRATING THE FOUNDATION'S 60TH ANNIVERSARY YEAR AND INTRODUCING THE ESTABLISHMENT OF THE GRASSROOTS EQUITY FUND. CONVENING RESIDENTS AND ORGANIZATIONAL LEADERS, SYSTEMS CHANGE STRUCTURES AND STRATEGIC IMPACTS WERE DEFINED. THIS WILL SERVE THE ENTIRE COUNTY OF 150,000 PEOPLE BY CHANGING THE SYSTEMS THAT HAVE KEPT CURRENT SOCIETAL INEQUITIES IN PLACE. 630062 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 13 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 PAMELA PEARLMAN DIRECTOR 1.00 1.00 X 0 0 0 JENNIFER KENNEALLY DIRECTOR 1.00 1.00 X 0 0 0 RAYSHEEA TURNER DIRECTOR 1.00 1.00 X 0 0 0 MONA GOLUB 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 X 0 0 0 MICHAEL OZIMEK TREASURER 1.00 1.00 X 0 0 0 ROBERT CARREAU EXECUTIVE DIRECTOR 40.00 1.00 X 155586 0 17734 155586 0 17734 1 0 1 0 0 510000 24458 200067 734525 2439 2439 736964 0 0 2439 253885 253885 173320 104858 43331 25131 220005 137143 51078 31784 7671 4641 1917 1113 26136 15813 6534 3789 27403 16579 6851 3973 20460 20460 76414 37337 36482 2595 5285 2261 858 2166 31771 18736 6409 6626 21427 12964 5356 3107 25586 16315 5917 3354 1478 1478 6432 3890 1610 932 MISCELLANEOUS 8966 2705 5585 676 DUES & SUBSCRIPTIONS 7494 1128 897 5469 REPAIRS AND MAINTENANCE 2377 548 1629 200 EDUCATION AND SEMINARS 1259 1259 917369 630062 196392 90915 357661 395220 101211 36509 156510 38660 50000 60000 315 5702 27309 9561 1092 17748 0 117726 666789 671565 18631 37141 48457 0 118214 18631 203812 X 259836 184471 388322 283282 648158 467753 666789 671565 -180405 0 X X 0 1 X 1 0 X X 1 THE SCHENECTADY FOUNDATION 146019650 8 1 510000 0 1 510000 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 18134 604 17530 3057 3057 0 6118 5900 218 17748 OPERATING LEASE 117726 117726 LEASE LIABILITY 118214 118214 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 REGIONAL FOOD BANK OF NENY 965 ALBANY SHAKER RD LATHAM NY 12110 222470885 501(C)(3) 141098 0 WEEKEND BACKPACK PROGRAM; SCSD FOOD PANTRIES SCHENECTADY COMMUNITY MINISTRIES PO BOX 1049 SCHENECTADY NY 12301 141548263 501(C)(3) 5030 0 NEIGHBORHOOD CHALLENGE PROJECT-ASL PARK PROJECT WALLINGFORD PARK CAPITAL REGION LAND BANK 433 STATE ST 4TH FLOOR SCHENECTADY NY 12305 460775590 501(C)(3) 11384 0 NEIGHBORHOOD CHALLENGE - ENGINE HILL ELECTRIC CITY FOOD CO-OP PO BOX 1416 SCHENECTADY NY 12301 462805092 501(C)(3) 20000 0 MARKET SURVEY AND PLANNING FOR COOP MARKET SUNY SCHENECTADY 78 WASHINGTON AVE SCHENECTADY NY 12305 237194187 501(C)(3) 15165 0 ROYALS CARE CENTER - FOOD AND HYGIENE SUPPLIES FOR PANTRY SCHENECTADY MUNICIPAL HOUSING AUTHORITY 375 BROWDWAY SCHENECTADY NY 12305 146003864 501(C)(3) 10350 0 NEIGHBORHOOD CHALLENGE - CARING FOR CARRIE ST PARK 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 147586 0 8000 0 0 0 5520 0 12214 0 173320 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 AFFILIATED ENTITY. MIKE IS CFO AND EXECUTIVE VICE PRESIDENT OF TRUSTEE 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 TRUSTEE 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 XII, 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 251 STATE ST 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 510000 ACCRUAL BASIS VALUE