2024-05-03T13:45:42-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 473560167 SUNY MARITIME FOUNDATION INC SUNY 7184095475 6 PENNYFIELD AVENUE BRONX NY 10465 ROXANNE THOMPSON TREASURER 7184095475 2024-05-15 1 ROXANNE THOMPSON XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-04-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROXANNE THOMPSON 6 PENNYFIELD AVENUE BRONX NY 10465 3230782 0 X SEE SCHEDULE O X 2015 NY TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE. 14 11 0 11 16000 4864 2807024 2516563 0 0 279852 328229 30154 -34747 3117030 2810045 2488039 1893097 0 0 0 0 0 0 30346 296630 287792 2784669 2180889 332361 629156 12907558 14065658 24747 20298 12882811 14045360 X THE SUNY MARITIME FOUNDATION, INC. IS THE PRIMARY ORGANIZATION TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE. THIS SUPPORT ASSISTS SUNY MARITIME TO ACHIEVE ITS MISSION AND VISION WHILE AT THE SAME TIME ENRICHING THE EDUCATIONAL QUALITY OF THE COLLEGE, THE STUDENTS AND THE FACULTY. 0 0 1780133 1744597 0 GRANTMAKING PROGRAM:THE FOUNDATION SUPPORTS AND PROVIDES FINANCIAL ASSISTANCE TO SUNY MARITIME COLLEGE (THE "COLLEGE") BY SOLICITING, ACCEPTING AND MANAGING PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS. SUCH FUNDING IS USED TO PROVIDE SCHOLARSHIPS AND FURTHER THE EDUCATIONAL OBJECTIVES OF THE COLLEGE. 157000 148500 0 ATHLETICS PROGRAM: THE OFFICE OF ATHLETICS OFFERS A WIDE ARRAY OF SPORT ACTIVITIES, FITNESS PROGRAMS AND RECREATIONAL FACILITIES FOR THE ENTIRE CAMPUS COMMUNITY. VARSITY ATHLETICS INCLUDES 13 NCAA DIVISION III TEAMS, MEN'S ROWING AND CO-ED SAILING TEAMS. CLUB SPORTS INCLUDE ICE HOCKEY, RIFLE AND RUGBY. INTRAMURAL SPORTS ARE OFFERED THROUGHOUT THE YEAR, WITH OFFERINGS BASED ON STUDENT ENGAGEMENT. THE DEPARTMENT OF PHYSICAL EDUCATION OFFERS CLASSES IN SWIMMING, YOGA, MARTIAL ARTS AND POWERBOAT HANDING, AMONG OTHERS. 76929 0 0 BOAT DONATION PROGRAM: SUNY MARITIME COLLEGE OPERATES A BOAT DONATION PROGRAM TO RAISE ADDITIONAL RESOURCES TO SUPPORT THE WATERFRONT'S PROGRAMS AND TO PROVIDE ADDITIONAL INVENTORY FOR STUDENTS TO USE FOR TRAINING AND OTHER RECREATIONAL PURPOSES. THE ASSETS CURRENTLY OVERSEEN INCLUDE: POWER BOATS, SAILING VESSELS AND TRAILERS. IN ADDITION TO BEING A REVENUE GENERATING PROGRAM FOR THE COLLEGE/FOUNDATION, THE BOAT DONATION EXPANDS CONNECTIONS FOR THE COLLEGE AMONG THE SAILING COMMUNITY. 2014062 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X AIMEE BERNSTEIN 7184095475 6 PENNYFIELD AVENUE BRONX NY 10465 X AIMEE BERNSTEIN EXECUTIVE DIRECTOR 20.00 X X 25456 0 17396 MICHAEL ALFULTIS PRESIDENT 1.50 X X 0 0 0 ROXANNE THOMPSON TREASURER 2.00 X X 0 0 0 CAPT ROBERT JOHNSTON CHAIRMAN 0.50 X X 0 0 0 JOHN BREE VICE CHAIRMAN 0.50 X X 0 0 0 WILLIAM AUSTEN BOARD MEMBER 0.25 X 0 0 0 ALEXANDRA ANAGNOSTIS-IRONS BOARD MEMBER 0.25 X 0 0 0 MICHAEL CHALOS BOARD MEMBER 0.25 X 0 0 0 CAPT IOANNIS FRANGOS BOARD MEMBER 0.25 X 0 0 0 WILLIAM GALLO BOARD MEMBER 0.25 X 0 0 0 IOANNIS JOHN KROUSOULOUDIS BOARD MEMBER 0.25 X 0 0 0 JOSEPH MAURELLI BOARD MEMBER 0.25 X 0 0 0 AJ MCALLISTER BOARD MEMBER 0.25 X 0 0 0 BRUCE ROSENBLATT BOARD MEMBER 0.25 X 0 0 0 25456 0 17396 0 0 0 1 0 865027 1651536 22027 2516563 328791 328791 303915 304477 -562 -562 -562 65513 865027 116260 -50747 -50747 CHARTER REVENUE 532000 16000 16000 16000 2810045 0 16000 277482 619533 619533 1273564 1273564 29554 29554 7227 7227 26654 5475 13670 7509 36801 36801 22050 17028 5022 947 947 61948 11986 49962 57523 57523 UBI TAX EXPENSE 1472 1472 CAMPAIGN EXPENSES 11725 11725 SPORTS EQUIPMENT 10986 10986 SPORT EVENTS 8500 8500 12405 9467 2938 2180889 2014062 136481 30346 2704908 2826778 1002282 1025918 50000 257583 40096 54417 411811 220292 253468 191519 8746311 9653951 110493 55492 12907558 14065658 24747 20298 24747 20298 X 2094240 2131412 10788571 11913948 12882811 14045360 12907558 14065658 X 629156 558393 -25000 X X 0 1 X 1 0 X 11500986 2872531 2374175 2782024 2516563 22046279 202793 206586 203659 613038 11500986 2872531 2576968 2988610 2720222 22659317 890093 21769224 35175 28731 151830 255048 328791 799575 19676 4864 24540 723 723 23484155 0.92700 0.92340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 723. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9151491 1199662 846962 1018777 10179338 9726666 1203506 -1035349 743332 9151491 7442680 561891 2031070 308975 9726666 7974021 110436 -38942 602835 7442680 7337770 636251 7974021 0.00000 0.62328 0.37672 1 0 411811 220292 191519 191519 POOLED INVESTMENT FUNDS 9653951 F 9653951 X 3688357 558393 203659 116260 878312 2810045 0 2810045 2525808 203659 141260 344919 2180889 0 2180889 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF SEVERAL DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC CHAIR SUPPORT, VARIOUS OTHER NEEDS OF ACADEMIC UNITS AND PROGRAMMATIC SUPPORT. THE ENDOWMENT IS HELD AND MANAGED BY THE UNIVERSITY AT BUFFALO FOUNDATION, INC. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES RECLASSED TO PART VIII, LINE 8B 116,260. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES RECLASSED TO PART VIII, LINE 8B 116,260. BAD DEBT EXPENSE ON PLEDGES RECLASSED TO PART XII 25,000. ADMIRAL'S DINNER 930540 865027 65513 48000 29275 38985 930540 865027 65513 48000 29275 38985 116260 -50747 1 SUNY MARITIME COLLEGE 6 PENNYFIELD AVENUE BRONX NY 10465 146013200 STATE OF NEW YORK 619533 0 PROGRAM SUPPORT 1 SCHOLARSHIPS 62 1265114 SENIOR AWARDS 17 8450 PART I, LINE 2: SUNY MARITIME FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO SUNY MARITIME COLLEGE TO SUPPORT THE PROGRAMS OF THE COLLEGE. AS THE FOUNDATION IS AFFILIATED WITH THE COLLEGE AND THERE IS OVERLAP WITHIN THE MANAGEMENT OF BOTH ENTITIES, ALL INTERCOMPANY TRANSACTIONS ARE CLOSELY MONITORED. SCHOLARSHIP FUNDS AWARDED TO STUDENTS ARE TRANSFERRED DIRECTLY FROM THE FOUNDATION TO THE COLLEGE'S STUDENT ACCOUNTS AND ENSURE THEY ARE BEING APPLIED FOR THEIR INTENDED EDUCATIONAL PURPOSE. THE MAJORITY OF SCHOLARSHIP AWARDS ARE MADE BY THE COLLEGE SCHOLARSHIP COMMITTEE, WHICH IS COMPRISED OF FACULTY AND STAFF MEMBERS, WHILE SOME ARE AWARDED IN THE COLLEGE'S ADMISSIONS PROCESS. WRITTEN AGREEMENTS, ESTABLISHED WITH THE DONORS, GUIDE DECISION MAKING PROCESS. THE COLLEGE UTILIZES SOFTWARE PROVIDED BY BLACKBAUD, INC. TO MANAGE, TRACK AND PRESERVE THE SCHOLARSHIP APPLICATION PROCESS AND TO AID IN ENSURING THAT CRITERIA ARE MET. SENIOR AWARDS ARE ONE-TIME GIFTS OF CASH TO GRADUATING SENIORS. AWARDEES ARE SELECTED BY THE FACULTY IN THE FIELD PERTAINING TO THE STUDENTS MAJOR. 0 0 0 0 0 0 0 0 0 AIMEE BERNSTEIN EXECUTIVE DIRECTOR 25456 0 0 0 0 0 3752 0 13644 0 42852 0 0 0 PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION: AIMEE BERNSTEIN IS PAID BY AN UNRELATED ORGANIZATION, STATE UNIVERSITY OF NEW YORK, FOR SERVICES PROVIDED TO SUNY MARITIME FOUNDATION AS EXECUTIVE DIRECTOR. SHE RECEIVES A W-2 FOR HER SERVICES, AS WELL AS NONTAXABLE BENEFITS AND DEFERRED COMPENSATION FROM THE UNRELATED ORGANIZATION. THE COMPENSATION REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II IS BASED ON HER CALENDAR YEAR COMPENSATION FOR SERVICES RENDERED TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS OR KEY EMPLOYEES. THE BOARD OF DIRECTORS SHALL REVIEW THE RESPONSES TO THE ANNUAL DISCLOSURE FORM AND ANY CONTINUING DISCLOSURES THAT ARE MADE THROUGHOUT THE YEAR. IF THE BOARD IDENTIFIES A POTENTIAL CONFLICT OF INTEREST, THE BOARD SHALL MAKE SUCH FURTHER INVESTIGATION AS IT DEEMS APPROPRIATE. FOLLOWING SUCH INVESTIGATION, THE BOARD SHALL DETERMINE, BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER A CONFLICT OF INTEREST EXISTS. AT ANY BOARD MEETING WHERE A POTENTIAL CONFLICT OF INTEREST WILL BE CONSIDERED, AN INTERESTED PARTY MAY OFFER FACTUAL INFORMATION TO THE BOARD, BUT AFTERWARDS MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE POTENTIAL CONFLICT OF INTEREST. ALL CONFLICTS OF INTEREST AND POTENTIAL CONFLICTS OF INTEREST ARE DOCUMENTED IN THE FOUNDATION'S BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE FOUNDATION DIRECTLY. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE ON PLEDGES -25,000. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, LINE J, WEBSITE: HTTPS://WWW.SUNYMARITIME.EDU/ALUMNI-FRIENDS/SUNY-MARITIME-FOUNDATION