2017-11-06T16:36:46-06:00 2017-06-30 010723685 DERMODY BURKE & BROWN CPAS LLC 443 N FRANKLIN ST STE 100 SYRACUSE NY 132041441 990 2016-07-01 166053710 FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON INC FOUN 6077776208 PO BOX 6005 BINGHAMTON NY 139026005 SHEILA E DOYLE EXECUTIVE DIRECTOR 6077773844 2017-11-06 1 JILL S G PALMETER P00281594 3154719171 208.125.54.67 2017-11-06 10:24:32 ES P A0186B98572304455EB1D4C989859F49D9F24AE1 8817C28B47E8C8631C9EF77648EC96FCAC50AB46 2016 2018-03-14 21:41:22Z SHEILA E DOYLE PO BOX 6005 BINGHAMTON NY 139026005 38651459 0 X WWW.BINGHAMTON.EDU/GIVING X 1957 NY THE FOUNDATION WAS ESTABLISHED TO ACCCEPT 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 SERVE THE PREVIOUSLY STATED PURPOSE. 32 29 0 290 0 0 11606586 16616963 106165 99498 10411165 5842090 2867654 3155031 24991570 25713582 11258274 13319001 0 0 1494700 1628903 255175 254800 2138400 1842705 2066366 14850854 17269070 10140716 8444512 132596458 158568513 25540069 29431962 107056389 129136551 SEE 990 PART I, LINE 1 0 0 13960804 13319001 4335426 SUPPORT OF ACTIVITIES OF THE UNIVERSITY BY MEANS OF SCHOLARSHIPS AND GRANTS TO QUALIFYING STUDENTS ($2,926,243), FINANCIAL ASSISTANCE TO THE PROGRAMS AND ACTIVITIES OF THE FACULTY AND STUDENTS OF THE UNIVERSITY ($10,392,758) AND ALLOCATED ADMINISTRATIVE EXPENSES FOR THESE PROGRAMS ($641,803). 95548 99498 BINGHAMTON UNIVERSITY FORUM IS A MEMBER ONLY GROUP FORMED BY THE FOUNDATION TO PROMOTE COMMUNITY RELATIONS AND ENCOURAGE PRIVATE SUPPORT OF THE UNIVERSITY. 14056352 1 1 0 0 0 1 0 1 1 1 1 1 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 292 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 32 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AK ME MD MA X SALLY FULTS 6077774910 4400 VESTAL PARKWAY VESTAL NY 13850 X STEVEN H BLOOM CHAIR 0.30 X X 0 0 0 SHELDON I GOLDFARB VICE CHAIR 0.30 X X 0 0 0 TYRONE E MUSE TREASURER 0.30 X X 0 0 0 JAMES W ORBAND DIRECTOR 0.30 X 0 0 0 PAUL R TUROVSKY PAST CHAIR 0.30 X 0 0 0 BETH AKEL DIRECTOR 0.30 X 0 0 0 PATRICIA T BLOOMER DIRECTOR 0.30 X 0 0 0 JAMES J BROSCHART BU VP - ADVANCEMENT 0.30 X 0 0 0 JUDITH GARCZYNSKI FLEISHMAN DIRECTOR 0.30 X 0 0 0 KENNETH A GOLDBLATT DIRECTOR 0.30 X 0 0 0 KEITH L HORN DIRECTOR 0.30 X 0 0 0 ALEX HUPPE DIRECTOR 0.30 X 0 0 0 CHARLES M KIM SECRETARY 0.30 X X 0 0 0 ELIZABETH M KOFFMAN DIRECTOR 0.30 X 0 0 0 ANTHONY I KORNHEISER DIRECTOR 0.30 X 0 0 0 MICHAEL F LANE DIRECTOR 0.30 X 0 0 0 BAI O LEE DIRECTOR 0.30 X 0 0 0 MITCHELL J LIEBERMAN DIRECTOR 0.30 X 0 0 0 JESSICA E LORDEN DIRECTOR 0.30 X 0 0 0 CAROLYN M MANCINI DIRECTOR 0.30 X 0 0 0 LAWERENCE R MORGENTHAL DIRECTOR 0.30 X 0 0 0 TIMOTHY C MYERS DIRECTOR 0.30 X 0 0 0 MICHAEL N NEEDLE DIRECTOR 0.30 X 0 0 0 DONALD G NIEMEN BU-VP & PROVOST 0.30 X 0 0 0 OWEN C PELL DIRECTOR 0.30 X 0 0 0 HARVEY G STENGER BU-PRESIDENT 0.30 X 0 0 0 JEFFREY S TUCKER DIRECTOR 0.30 X 0 0 0 MARK A ZURACK DIRECTOR 0.30 X 0 0 0 GLENN R SMALL DIRECTOR 0.30 X 0 0 0 STUART F KOENIG DIRECTOR 0.30 X 0 0 0 GARY A KIBEL DIRECTOR 0.30 X 0 0 0 ALBERT NOCCIOLINO DIRECTOR 0.30 X 0 0 0 HEIDI GOLDSTEIN PAST DIRECTOR 0.30 X 0 0 0 SHEILA E DOYLE EXECUTIVE DIRECTOR 30.00 10.00 X 0 203440 45486 0 203440 45486 0 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PROF. FUNDRAISER 373213 1 8582 16608381 2737372 16616963 BU FORUM - MEMBERSHIP DUES 900099 99498 99498 99498 4661695 4661695 14118272 12937877 1180395 1180395 1180395 ACCOUNTING SERVICES 900099 1723948 1723948 MISCELLANEOUS 900099 1431083 1431083 3155031 25713582 4434924 0 4661695 10392758 10392758 2926243 2926243 1628903 315947 199450 1113506 156921 156921 28500 28500 254800 254800 393669 393669 163812 163812 50538 50538 4038 4038 2357 2357 86013 86013 39558 39558 FUNDRAISING 770094 770094 PROGRAM - BFSS, LLC 275318 275318 PROGRAM - BU FORUM 95548 95548 17269070 14056352 1074318 2138400 1466277 5593853 7181852 7572971 2429670 510075 51272 98656 5380750 954642 2038160 4426108 75066129 91017455 41420924 46135810 2942174 3213585 132596458 158568513 1135748 1229032 24404321 28202930 25540069 29431962 X 5819836 11733191 39054584 48700753 62181969 68702607 107056389 129136551 132596458 158568513 X 8444512 13366306 303594 -34250 X X 0 1 X 1 0 X 5481109 6885735 6716274 11584786 16608381 47276285 1226824 1077641 1196036 1547387 1785575 6833463 6707933 7963376 7912310 13132173 18393956 54109748 3327355 50782393 3455036 3735162 3775345 4570055 4661695 20197293 1299232 1295781 1430727 1761840 1723948 7511528 81818569 5420367 0.62070 0.58420 X SCHEDULE A, PART II, LINE 10 ACCOUNTING SERVICE INCOME IS INCOME FROM PROVIDING BOOKKEEPING SERVICES, MANAGEMENT SERVICES AND ACCOUNT MAINTENANCE FOR THE FOUNDATION AND OTHER ENTITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 1 1 X X X 0 0 1 X 93401009 14742057 13871039 2777421 9894717 109341967 96512436 8313379 -571380 2743210 8110216 93401009 84181579 21530415 3422207 2440831 10180934 96512436 73902084 5323354 13000411 2346785 5697485 84181579 61991587 6010789 7997176 629240 -1468228 73902084 0.03800 0.62800 0.33400 0 0 2702989 2702989 2443107 750166 1692941 234654 204476 30178 4426108 DISTRESSED DEBT 2728731 F HEDGE FUNDS 28886220 F PRIVATE EQUITY/VENTURE CAPITAL PARTNERSHIPS 5509317 F REAL ASSETS 9011542 F 46135810 X 49885193 13366306 1785575 9421981 24573862 25311331 393669 8582 402251 25713582 19080211 1785575 419235 2204810 16875401 393669 393669 17269070 PART IV, LINE 2B: THE FOUNDATION ACTS AS THE CUSTODIAN FOR AGENCY FUNDS OF BINGHAMTON UNIVERSITY AND FOR INVESTMENT FUNDS OF THE BINGHAMTON UNIVERSITY ALUMNI ASSOCIATION. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION FILES ANNUAL INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE (FORM 990) AND WITH NEW YORK STATE DEPARTMENT OF LAW (OFFICE OF THE ATTORNEY GENERAL) (FORM CHAR500). THE FOUNDATION HAS NOT BEEN INFORMED OF ANY TAX EXAMINATIONS BY EITHER THE INTERNAL REVENUE SERVICE OR NEW YORK STATE. THE FOUNDATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) NO. 740, "INCOME TAXES," AS AMENDED. MANAGEMENT HAS DETERMINED THERE WERE NO LIABILITIES FOR UNRECOGNIZED TAX BENEFITS AS A RESULT OF THIS IMPLEMENTATION. FURTHERMORE, MANAGEMENT HAS ESTIMATED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS FOR EITHER THE U.S. FEDERAL OR NEW YORK STATE JURISDICTIONS FOR WHICH IT WOULD BE SUBJECT TO INCOME TAX AS OF JUNE 30, 2017 AND AS SUCH, HAS NOT RECOGNIZED ANY INTEREST OR PENALTIES THAT WOULD HAVE BEEN RELATED TO THESE BENEFITS, IF APPLICABLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: STHTI ACTIVITY 9,116,150. BUFHC ACTIVITY 2,237. UNIVERSITY SUPPORT - BUILDING IMPROVEMENTS 303,594. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONATION FROM RELATED ORGANIZATION-BUFHC 8,582. PART XII, LINE 2D - OTHER ADJUSTMENTS: STHTI ACTIVITY 381,260. BUFHC ACTIVITY 3,725. PLEDGES WRITTEN OFF 34,250. PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND COONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE COLLECTIONS ARE HELD FOR PUBLIC EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE AQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE CONSOLIDATED FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART V, LINE 4: STUDENT AID AND AWARDS = $55,010,466 UNIVERSITY PROGRAM SUPPORT = $50,153,997 GENERAL SUPPORT = $4,177,504 EUROPE 0 0 INVESTMENTS 5027877 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25586120 0 0 0 0 0 0 30613997 0 30613997 0 0 0 1 1 0 PART I, LINE 3: BOOK VALUE X X X X X X 1 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH ST SW CEDAR RAPIDS IA 52404 PROF FUNDRAISER 0 333524 254800 78724 333524 254800 78724 AK AZ NE TN CO CA NV TX CT DE NM UT FL GA NC VT ME ID ND WV MD IL OH WI MA IA OK WY NH KS OR NY NJ MN PA KY LA MO SC AL MT SD VA MS RI IN PART I, LINE I TOTAL PAID $376,021 OF WHICH $245,800 REPRESENTS THE FEE. THE REMAINING BALANCE WAS FOR STUDENT EMPLOYMENT, PRINTING, POSTAGE AND OTHER COSTS. 1 STATE UNIVERSITY OF NY AT BINGHAMTON PO BOX 6000 BINGHAMTON NY 13902 146013200 NYS 10092758 FACULTY AND STUDENT PROGRAM SUPPORT SUNY AT BINGHAMTON ALUMNI ASSOCIATION PO BOX 6000 BINGHAMTON NE 13902 510244064 501(C)(3) 300000 SUPPORT OF ALUMNI OPERATIONS 2 SCHOLARSHIPS, AWARDS, GRANTS 2212 2926243 SCHEDULE I, PART III, LINE 1 EACH EXPENDITURE MUST MEET THE CRITERIA OF THE ACCOUNT TO WHICH IT WILL BE CHARGED, BE AUTHORIZED BY THE CUSTODIAN OF THE ACCOUNTS AND REVIEWED, AND APPROVED BY THE FOUNDATION'S ADMINISTRATION. CRITERIA IS PRESET BY PURPOSE OF THE ACCOUNT. 0 0 0 0 0 0 0 0 0 SHEILA E DOYLE EXECUTIVE DIRECTOR 0 188440 0 0 0 15000 0 25345 0 20141 0 248926 0 0 PART I, QUESTION 3 COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, BINGHAMTON UNIVERSITY, WHICH FOLLOWS NEW YORK STATE POLICY. X 20 0 VALUE PER GAAP X 37 862372 AVERAGE HIGH/LOW X 1 0 VALUE PER GAAP X 1 1875000 APPRAISAL BY DONOR 4 0 1 1 PART I, COLUMN (B): ROW 1 - 20 REPRESENTS THE NUMBER OF GIFTS OF WORKS OF ARTS. ROW 9 - 37 REPRESENTS THE NUMBER OF GIFTS OF SECURITIES RECEIVED. ROW 11 - 1 REPRESENTS THE NUMBER OF GIFTS OF PARTNERSHIP, LLC OR TRUST INTERESTS RECEIVED. ROW 17 - 1 REPRESENTS THE NUMBER OF GIFTS OF REAL ESTATE - OTHER. PART I, LINE 32B: FOR SECURITIES RECEIVED, A BROKERAGE FIRM IS UTILIZED TO PROCESS THE ACCEPTANCE AND IMMEDIATE SALE OF THE SECURITIES. PART I, LINE 33: AS PERMITTED BY ASC 958-360-25, THE FOUNDATION DOES NOT RECOGNIZE AS REVENUE OR CAPITALIZE AS AN ASSET ANY CONTRIBUTION OF ART, BOOKS OR OTHER SIMILAR ITEMS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS, THE IMMEDIATE PAST CHAIR OF THE ORGANIZATION AND TWO ADDITIONAL DIRECTORS AS NOMINATED. THE PRESIDENT IS THE CHAIR. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE ORGANIZATION IN ANY MATTER WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, EXCEPT AS OTHERWISE PROVIDED BY LAW, REPORTING TO THE BOARD OF DIRECTORS FOR ITS RATIFICATION OF THEIR ACTIONS AT EACH REGULAR OR SPECIAL MEETING CALLED FOR THE PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE RECEIVES THE FORM 990 PRIOR TO THE DUE DATE AND CONDUCTS A REVIEW OF THE FORM. AFTER THIS REVIEW, AND PRIOR TO FILING THE FORM 990, A COPY OF THE FINAL VERSION OF THE FORM 990 IS EMAILED TO EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. THIS INCLUDES THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE DIRECTOR IS PAID BY THE RELATED ORGANIZATION, BINGHAMTON UNIVERSITY. AS AN EMPLOYEE OF THE UNIVERSITY, SHE IS CONSIDERED A NEW YORK STATE EMPLOYEE AND AS SUCH COMPENSATION IS DETERMINED BY THE POLICIES AND PROCEDURES OF THE STATE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII, SECTION A THE EXECUTIVE DIRECTOR IS ALSO THE EXECUTIVE DIRECTOR OF THREE DIFFERENT AFFILIATED ENTITIES AND HAS RESPONSIBILITIES FOR THE UNIVERSITY. SHE IS ALSO A 100% NEW YORK STATE EMPLOYEE AND APPROXIMATELY 75% OF HER TIME IS DEVOTED TO SERVING THE FOUNDATION. THE FOUNDATION IS NOT CHARGED FOR THIS TIME. IT IS CONTRIBUTED SERVICES FROM THE UNIVERSITY. FORM 990, PART XI, LINE 9: PLEDGE WRITE OFFS -34,250. PART XII, LINE 2C THE FOUNDATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. PART VI; LINE 15A AND 15B COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, BINGHAMTON UNIVERSITY, WHICH FOLLOWS NEW YORK STATE POLICIES. BFSS LLC PO BOX 6005 BINGHAMTON NY 13902 465223364 SUPPORT THE ACTIVITES OF THE BU FOUNDATION. NY 546646 2768048 N/A BU FOUNDATION DAF LLC PO BOX 6005 BINGHAMTON NY 13902 166053710 DONOR ADVISED FUND NY 0 0 N/A QUOGUE BIOVENTURES III LLC PO BOX 6005 BINGHAMTON NY 13902 166053710 SUPPORT THE ACTIVITES OF THE BU FOUNDATION. DE 0 0 N/A BU FOUNDATION HOUSING CORPORATION PO BOX 6005 BINGHAMTON NY 13902 020680515 STUDENT HOUSING NY 501(C)(3) LINE 12B, II N/A 0 BINGHAMTON UNIVERSITY PO BOX 6000 BINGHAMTON NY 13902 146013200 EDUCATION NY N/A 0 CAMPUS RELATED PROPERTIES INC PO BOX 6005 BINGHAMTON NY 13902 611670989 ACQUIRING AND MANAGING REAL PROPERTY NY 501(C)(3) LINE 12A, I N/A 0 SOUTHERN TIER HIGH TECHNOLOGY INCUBATOR INC PO BOX 6005 BINGHAMTON NY 13902 800821308 SUPPORT EDUCATION AND SCIENTIFIC PURPOSES NY 501(C)(3) LINE 12A, I N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 BINGHAMTON UNIVERSITY B 10092758 CASH BINGHAMTON UNIVERSITY S 303594 FMV OF BUILDING IMPROVEMENTS SCHEDULE R; PART V, LINE 1N AND LINE 10 ALL OF THESE SERVICES ARE CONTRIBUTED SUPPORT AND THEREFORE NOT ON THE TAX RETURN. THE AMOUNT SHOWN IS FOR ACTUAL EXPENSES INCURRED AND PAID FOR.