2022-04-27T09:17:52-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-07-01 473560167 SUNY MARITIME FOUNDATION INC SUNY 7184095475 6 PENNYFIELD AVENUE BRONX NY 10465 AIMEE BERNSTEIN EXECUTIVE DIRECTOR 7184095475 2022-04-27 1 AIMEE BERNSTEIN XXX-XX-XXXX EVA MRUK P00543254 9143818900 2022-04-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AIMEE BERNSTEIN 6 PENNYFIELD AVENUE BRONX NY 10465 2859833 0 X SEE SCHEDULE O X 2015 NY TO RAISE AND MANAGE PRIVATE FINANCIAL SUPPORT FOR SUNY MARITIME COLLEGE. 12 9 0 12 0 0 2872531 2374175 0 0 -1288 143701 0 -17243 2871243 2500633 1465159 2385684 0 0 0 0 72000 0 16783 264753 244272 1801912 2629956 1069331 -129323 12148397 14066017 62462 228955 12085935 13837062 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 1615996 1615996 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. 629078 629078 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. 145029 112010 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. 135106 28600 0 ENDOWED CHAIR, SENIOR AWARDS, ACADEMICS, TRAVEL 135106 28600 0 2525209 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 1 0 0 0 0 1 0 0 0 1 8 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 X 12 9 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 AIMEE BERNSTEIN EXECUTIVE DIRECTOR 20.00 20.00 X X 0 78923 35299 CAPT ROBERT JOHNSTON CHAIRMAN 0.50 1.00 X X 0 0 0 JOHN BREE VICE CHAIRMAN 0.50 1.00 X X 0 0 0 SCOTT DIETERICH TREASURER 2.00 40.00 X X 0 174306 16088 REAR ADM MICHAEL ALFULTIS DIRECTOR 1.50 40.00 X 0 259691 0 RICHARD ANGERAME DIRECTOR 0.25 0.50 X 0 0 0 WILLIAM AUSTEN DIRECTOR 0.25 0.50 X 0 0 0 MICHAEL CHALOS DIRECTOR 0.25 0.50 X 0 0 0 CAPT IOANNIS FRANGOS DIRECTOR 0.25 0.50 X 0 0 0 WILLIAM GALLO DIRECTOR 0.25 0.50 X 0 0 0 JOSEPH MAURELLI DIRECTOR 0.25 0.50 X 0 0 0 AJ MCALLISTER DIRECTOR 0.25 0.50 X 0 0 0 0 512920 51387 0 0 1 0 0 283335 2090840 348769 2374175 151830 151830 305678 28150 310184 31773 -4506 -3623 -8129 -8129 0 283335 17243 -17243 -17243 2500633 0 0 126458 741088 741088 1644596 1644596 26775 26775 945 945 11470 7879 3591 21371 21371 1300 1250 50 80556 67861 12695 35666 35666 BOAT EXPENSES 26150 25439 560 151 MISCELLANEOUS EXPENSES 24178 9309 1878 12991 STIPENDS 15861 15861 2629956 2525209 87964 16783 4247601 3943345 162304 98332 22710 28100 425736 156163 273102 269573 7442680 9726667 12148397 14066017 62462 228955 62462 228955 X 1616425 1676583 10469510 12160479 12085935 13837062 12148397 14066017 -129323 1880450 0 X X 0 1 X 1 0 X 85000 11500986 2872531 2374175 16832692 202793 202793 85000 11500986 2872531 2576968 17035485 1016352 16019133 35175 28731 151830 215736 723 723 17251944 0.92850 0.93620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 723. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7442680 561891 2031070 308975 9726666 7974021 110436 -38942 602835 7442680 7337770 636251 7974021 0.00000 0.54880 0.45120 1 0 402467 135294 267173 23269 20869 2400 269573 POOLED INVESTMENT FUNDS 9726667 F 9726667 X 4601119 1880450 202793 17243 2100486 2500633 0 2500633 2849992 202793 17243 220036 2629956 0 2629956 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, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 17,243. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 17,243. VIRTUAL ADMIRAL'S DINNER 283335 283335 8183 7750 1310 283335 283335 8183 7750 1310 17243 -17243 1 SUNY MARITIME COLLEGE 6 PENNYFIELD AVENUE BRONX NY 10465 146013200 STATE OF NEW YORK 741088 PROGRAM SUPPORT 1 0 SCHOLARSHIPS 308 1615996 SENIOR AWARDS 53 28600 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. STUDENTS APPLY FOR VARIETY OF SCHOLARSHIPS THROUGH THE ONLINE PORTAL, ACADEMIC WORKS. THE SCHOLARSHIP COMMITTEE REVIEWS AND DECIDES ON THE RECIPIENTS LIST. THE FINANCIAL AID OFFICE AWARDS THE SCHOLARSHIPS TO STUDENTS. THE FOUNDATION PROCESSES THE PAYMENT TO THE COLLEGE AND THE FUNDS ARE DISBURSED TO THE STUDENT'S ACCOUNT. A RECONCILIATION BETWEEN DEPARTMENTS TAKES PLACE TO ENSURE PROPER DISTRIBUTION OF FUNDS. 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 REAR ADM MICHAEL ALFULTIS DIRECTOR 0 259691 0 0 0 0 0 0 0 0 0 259691 0 0 SCOTT DIETERICH TREASURER 0 174306 0 0 0 0 0 16088 0 0 0 190394 0 0 PART I, LINE 3 THE COMPENSATION REPORTED FOR THE INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS PAID BY THE STATE OF NEW YORK/SUNY MARITIME COLLEGE. COMPENSATION FOR THE COLLEGE'S EMPLOYEES IS DETERMINED PURSUANT TO THE LAWS OF THE STATE OF NEW YORK. X 6 132812 QUALIFIED APPRAISAL X 3 215957 AVG. SELLING PRICE 3 0 1 1 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE FOUNDATION USES YACHT BROKERS TO ADVERTISE AND SELL VESSELS WHERE THE FAIR MARKET VALUE EXCEEDS AN ESTABLISHED THRESHOLD. THE FOUNDATION PAYS THE BROKER A COMMISSION FEE IN-LINE WITH INDUSTRY STANDARDS UPON SALE OF THE VESSEL. 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 AT 718-409-5475. 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 SUNY MARITIME COLLEGE 6 PENNYFIELD AVENUE BRONX NY 10465 146013200 EDUCATIONAL INSTITUTE NY N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0