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INSTITUTE OF TECHNOLOGY FOUNDATION AT UTICA ROME INC
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P.O. Box 3050
Utica,
NY
13504
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GENERAL INFORMATION
Who We Are
The Institute of Technology Foundation at Utica/Rome, Inc. Operates primarily encourage and receive charitable contributions for the benefit of the State University of New York Institute of Technology.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is not required to file an annual return with the IRS because its income is less than $25,000.
- Financial information in this report is derived from the organization's June 30, 2008
Form 990.
- Contributions are deductible, as provided by law.
-
B11—Single Organization Support
| EIN: |
23-7412413 |
| Year Founded: |
Information not available |
| Ruling Year: |
1974 |
| Fiscal Year: |
June 30, 2008
|
| Assets: |
$2,704,043 (from Jun 30, 2008 Form 990) |
| Income: |
$289,096 (from Jun 30, 2008 Form 990) |
| No. of Board Members: |
Information not available |
| No. of Full-Time Employees: |
Information not available |
| No. of Part-Time Employees: |
Information not available |
| No. of Volunteers: |
Information not available |
BOARD OF DIRECTORS
Name |
Title |
| Peter A. Spina |
Member |
| Sheila Bamberger |
Member |
| William Schenck |
Member |
| William Locke |
Member |
| Susan Divine |
President |
| Robert DelBuono |
Member |
| Michael F Burke |
Executive Director |
| Anthony F. Panebianco |
Secretary |
| Bonnie Sanderson |
Member |
| John E. Flemma |
Member |
| Theodore Max |
Member |
| RoAnn Destito |
Member |
| Ronald Sarner |
Member |
| Louis Leogrande, Jr. |
Member |
| William Murabito |
VP Student Affairs Non-Vot |
| Judith B. Gorman |
Member |
| Alice O'shea |
Member |
| Michael Evke |
Member |
| Father Paul Drobin |
Member |
| Michael Beck |
Member |
| Joseph Griffo |
Member |
| John R. Petrone II |
Member |
| Ernest Caruso |
Member |
| G. Leiter Doolittle |
Member |
| Michael Giacobbe |
Member |
| Nancy Dubner |
Member |
| Joseph Wolonowski |
Member |
| Susan Head |
Member |
| Shirley B. Waters |
Member |
| Robin Mele - Gaudiere |
Member |
MISSION AND PROGRAMS
Mission
The Institute of Technology Foundation at Utica/Rome, Inc. Operates primarily encourage and receive charitable contributions for the benefit of the State University of New York Institute of Technology.
Programs
- Grants awarded to SUNYIT faculty for use in its operations as an educational institution
- Scholarships and assistance to eligible individuals attending State University of NY at Utica/Rome.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending June 30, 2008
| REVENUE |
|
| Contributions |
$0 |
| Government Grants |
$0 |
| Program Services |
$0 |
| Investments |
$0 |
| Special Events |
$0 |
| Sales |
$0 |
| Other |
$0 |
| Total Revenue |
$289,096 |
| EXPENSES |
|
| Program Services |
$152,522 |
| Administration |
$28,376 |
| Other |
$32,582 |
| Total Expenses |
$213,480 |
| Net Gain/Loss |
$0 |
Balance Sheet: Fiscal Year Ending June 30, 2008
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
July 1, 2007 |
June 30, 2008 |
Change |
| Cash & Equivalent |
$379,214 |
$456,214 |
$77,000 |
| Accounts Receivable |
$0 |
$0 |
$0 |
| Pledges & Grants Receivable |
$0 |
$0 |
$0 |
| Receivable / Other |
$0 |
$0 |
$0 |
| Inventories for Sale of Use |
$0 |
$0 |
$0 |
| Investment/Securities |
$2,152,654 |
$2,204,811 |
$52,157 |
| Investment/Other |
$1,021 |
$0 |
($1,021) |
| Fixed Assets |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Total Assets |
$0 |
$2,704,043 |
$2,704,043 |
| LIABILITIES |
July 1, 2007 |
June 30, 2008 |
Change |
| Accounts Payable |
$0 |
$0 |
$0 |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$0 |
$0 |
$0 |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Total Liabilities |
$12,022 |
$148,212 |
$136,190 |
| FUND BALANCE |
$0 |
$0 |
$0 |
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