BETA

PURCHASE COLLEGE ADVANCEMENT CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
PURCHASE COLLEGE ADVANCEMENT CORPORATION (EIN 80-0432298)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-11-13
IRS object ID
201843179349305594
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-13T15:01:33-06:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY VIRCHOW KRAUSE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11650 MARKET STREET SUITE 4500AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191037341ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800432298EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PURCHASE COLLEGE ADVANCEMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPURCBusinessNameControlTxt
Phone9142516000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1735 ANDERSON HILL ROADAddressLine1Txt
CityPURCHASECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10577ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDITH J NOLANPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9142516000PhoneNum
Signature2018-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIUS C GREEN CPAPreparerPersonNm
PTINP00350393PTIN
Phone2159720701PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.80.2.34IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-09IPDt
IP Tm09:42:16IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id0EDBA9E346E33D8FDAC35F5746F849DF1C5CC14BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJUDITH J NOLANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1735 ANDERSON HILL ROADAddressLine1Txt
CityPURCHASECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10577ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,300,000GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SENIORLEARNINGATPURCHASE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO DEVELOP & OPERATE A SENIOR LEARNING HOUSING COMMUNITY ON THE GROUNDS OF SUNY, PURCHASE COLLEGE.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,850,000PYContributionsGrantsAmt
CY Contributions Grants$1,300,000CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,850,000PYTotalRevenueAmt
CY Total Revenue$1,300,000CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$600,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,695,427PYOtherExpensesAmt
CY Other Expenses$828,479CYOtherExpensesAmt
PY Total Expenses$1,695,427PYTotalExpensesAmt
CY Total Expenses$1,428,479CYTotalExpensesAmt
PY Revenues Less Expenses$154,573PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$128,479CYRevenuesLessExpensesAmt
Total Assets BOY$67,541TotalAssetsBOYAmt
Total Assets EOY$449,889TotalAssetsEOYAmt
Total Liabilities BOY$112,452TotalLiabilitiesBOYAmt
Total Liabilities EOY$623,279TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$44,911NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$173,390NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO DEVELOP AND OPERATE A SENIOR LEARNING HOUSING COMMUNITY ON LAND LEASED FROM THE STATE UNIVERSITY OF NEW YORK ON THE PURCHASE COLLEGE CAMPUS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$600,000ExpenseAmt
Grant$600,000GrantAmt
Revenue$0RevenueAmt
DescPURCHASE COLLEGE ADVANCEMENT CORPORATION (PCAC) WAS FORMED TO DEVELOP AND OPERATE A SENIOR LEARNING COMMUNITY ON LAND LEASED FROM THE STATE UNIVERSITY OF NEW YORK (SUNY) ON THE PURCHASE COLLEGE CAMPUS. PURCHASE COLLEGE ADVANCEMENT CORPORATION, THROUGH ITS SUBSIDIARY PURCHASE SENIOR LEARNING CORPORATION, WILL DESIGN, FINANCE, MARKET, CONSTRUCT AND OPERATE A SENIOR LEARNING COMMUNITY ON PURCHASE COLLEGE LAND, LEASED FROM THE STATE UNIVERSITY OF NEW YORK (SUNY). THE ENABLING LEGISLATION PROVIDES THAT UP TO 385 UNITS AND RELATED FACILITIES MAY BE BUILT. PRESENTLY, THE PROJECT IS IN THE DESIGN AND EARLY MARKETING STAGES. IT HAS BEEN FUNDED WITH A GRANT OF $5,000,000 FROM PURCHASE COLLEGE HOUSING CORPORATION AND AT THIS TIME IS WORKING TO SELL ABOUT $14 MILLION TO $15 MILLION IN BOND ANTICIPATION NOTES. IT IS INTENDED THAT 75% OF THE NET PROCEEDS OF THE PROJECT WILL BE USED TO FUND ADDITIONAL SCHOLARSHIPS AT PURCHASE COLLEGE AND 25% OF THE NET PROCEEDS WILL BE USED TO FUND ADDITIONAL FULL TIME FACULTY AT THE COLLEGE.THE SENIOR LEARNING COMMUNITY WILL SUPPLEMENT PURCHASE COLLEGE'S CONTINUING EDUCATION PROGRAM AND LIFE-LONG LEARNING INITIATIVES AND WILL BE FULLY INTEGRATED INTO THE LIFE, CULTURE, AND CAMPUS OF PURCHASE COLLEGE, SUNY. RESIDENTS OF THE SENIOR LEARNING COMMUNTY WILL BE ACTIVELY ENGAGED IN THE MANY ACADEMIC AND CULTURAL OFFERINGS AT PURCHASE, SUNY, TO INCLUDE ENROLLMENT IN ACADEMIC COURSE OFFERINGS ON CAMPUS GROUNDS, PARTICIPATING IN SUPPLEMENTAL LEARNING CLASSES AT THE SENIOR LEARNING COMMUNITY FACILITY, ACTIVE MEMBERSHIP AT THE PERFORMING ARTS CENTER OR THE NEUBERGER MUSEUM OF ART, AND UTILIZATION OF THE OTHER COLLEGE FACILITIES INCLUDING ITS ATHLETIC FACILITIES, WALKING PATHS AND THE EXTENSIVE CAMPUS GROUNDS.Desc
Total Program Service Expenses$600,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJUDITH J NOLAN TREASURERPersonNm
Phone9142516067PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1735 ANDERSON HILL ROADAddressLine1Txt
CityPURCHASECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10577ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
THOMAS J SCHWARZ
CHAIRMAN1.005.00Yes (X)Yes (X)$0$0$0
CARL AUSTIN
BOARD MEMBER1.002.00Yes (X)$0$0$0
JUDITH NOLAN
TREASURER1.002.00Yes (X)Yes (X)$0$0$0
ROBERT WEINBERG
BOARD MEMBER1.001.00Yes (X)$0$0$0
BARRY PEARSON
VICE CHAIRMAN1.002.00Yes (X)Yes (X)$0$0$0
ELIZABETH ROBERTSON
SECRETARY3.003.00Yes (X)Yes (X)$0$0$0
EARLE YAFFA
BOARD MEMBER1.001.00Yes (X)$0$0$0
WAYNE RUSH
VP/PROJECT MANAGER14.064.69Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GLYNNDEVINS INC
8880 WARD PKWAY STE 400KANSAS CITYMO64114MARKETING$203,755
LCSDSCD PARTNERS LLC
400 LOCUST STREET SUITE 820DES MOINESIA50309DEVELOPMENT CONSULT.$161,650
WHITING-TURNER CONTRACTING COMPANY
300 E JOPPA ROADBALTIMOREMD212863048CONTRACTING$116,700
DELBELLO DONELLAN WEINGARTEN WISE & WIED
1 N LEXINGTON AVE 11WHITE PLAINSNY10601LEGAL SERVICES$111,776
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Related Organizations$1,300,000RelatedOrganizationsAmt
Total Contributions$1,300,000TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,300,000TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$600,000TotalAmt
Program Services$600,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$116,049TotalAmt
Management And General$116,049ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$32,266TotalAmt
Management And General$32,266ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$155,955TotalAmt
Management And General$155,955ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$220,144TotalAmt
Management And General$220,144ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$295,492TotalAmt
Management And General$295,492ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,573TotalAmt
Management And General$8,573ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,428,479TotalAmt
Program Services$600,000ProgramServicesAmt
Management And General$828,479ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$64,154BOYAmt
EOY$69,665EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$350,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,387BOYAmt
EOY$2,701EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$27,523EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$67,541BOYAmt
EOY$449,889EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$112,452BOYAmt
EOY$23,279EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$600,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$112,452BOYAmt
EOY$623,279EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$44,911BOYAmt
EOY-$173,390EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$44,911BOYAmt
EOY-$173,390EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$67,541BOYAmt
EOY$449,889EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$128,479ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$550,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,850,000CurrentTaxYearMinus1YearAmt
Current Tax Year$700,000CurrentTaxYearAmt
Total$3,600,000TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$550,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,850,000CurrentTaxYearMinus1YearAmt
Current Tax Year$700,000CurrentTaxYearAmt
Total$3,600,000TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$3,600,000PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$550,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,850,000CurrentTaxYearMinus1YearAmt
Current Tax Year$700,000CurrentTaxYearAmt
Total$3,600,000TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDUE FROM AFFILIATEDesc
Book Value$27,523BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$27,523TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AFFILIATEDesc
Amt$600,000Amt
FieldValueIRS element (for citing)
Total Liability$600,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$850,246TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$150,246DonatedServicesAndUseFcltsAmt
Revenue Not Reported$150,246RevenueNotReportedAmt
Revenue Subtotal$700,000RevenueSubtotalAmt
Other Revenues Not Included$600,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$600,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,300,000TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$978,725TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$150,246DonatedServicesUseFcltsAmt
Expenses Not Reported$150,246ExpensesNotReportedAmt
Expenses Subtotal$828,479ExpensesSubtotalAmt
Other Expenses Not Included$600,000OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$600,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,428,479TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:PCAC ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT AS TO WHETHER THE UNCERTAINTY WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD.
PART XI, LINE 4B - OTHER ADJUSTMENTS:INTERCOMPANY CONTRIBUTION NET IN FINANCIALS 600,000.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INTERCOMPANY CONTRIBUTION NET IN FINANCIALS 600,000.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1PURCHASE SENIOR LEARNING COMMUNITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1735 ANDERSON HILL ROADAddressLine1Txt
CityPURCHASECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10577ZIPCd
FieldValueIRS element (for citing)
Recipient EIN611816180RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$600,000CashGrantAmt
Purpose Of GrantDEVELOPMENT SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION ONLY PROVIDES GRANTS TO ITS AFFILIATE AND MONITORS ALL EXPENDITURES THROUGH A COMMON ACCOUNTING SYSTEM.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS FIRST REVIEWED BY THE DIRECTOR OF FINANCE AND THE SENIOR DIRECTOR OF FINANCE FOR CAMPUS FOUNDATIONS AND RELATED ENTITIES. PENDING THEIR APPROVAL, AND PRIOR TO FILING, THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE FULL BOARD FOR COMMENTS OR QUESTIONS.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY PROVIDES FOR ANNUAL WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE OR OFFICER THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT-OF-INTEREST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE OR OFFICER HAS A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE COMPLETE DETAILS OF THE CONFLICT ARE TO BE DESCRIBED IN WRITING AND SUBMITTED TO THE BOARD CHAIR OR THE PRESIDENT. THE BOARD CHAIR OR PRESIDENT SHALL REFER THE ISSUE TO THE EXECUTIVE COMMITTEE, OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION. THE TRUSTEE OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL INTEREST IN A PROPOSED OR EXISTING CONTRACT, TRANSACTION, OR ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BODY, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE CONTRACT, TRANSACTION, OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. EACH YEAR AT THE BOARD OF TRUSTEES' ANNUAL MEETING, THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND WRITTEN ACKNOWLEDGEMENTS SUBMITTED DURING THE COURSE OF THE YEAR, FINANCIAL RESULTS AND TRANSACTIONS ARE REVIEWED FOR REASONABLENESS AND APPROPRIATENESS, INCLUDING WITH REGARD TO ANY POTENTIAL FOR THERE BEING A CONFLICT. THE CONFLICT OF INTEREST POLICY EXPRESSLY STATES THAT FAMILY AND BUSINESS RELATIONSHIPS MAY BE SOURCES OF POTENTIAL CONFLICTS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GDEVELOPMENT MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 136,239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,239. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 19,716. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,716.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
PURCHASE COLLEGE FOUNDATION HOUSING CORP
735 ANDERSON HILL ROADPURCHASENY10577134086734MANAGE & OVERSEE DORMITORY AND FACILITIES AT SUNY PURCHASENY501(C)(3)LINE 10PURCHASE COLLEGE FOUNDATION0
PURCHASE SENIOR LEARNING COMMUNITY INC
735 ANDERSON HILL ROADPURCHASENY10577611816180RESIDENTIAL SENIOR LEARNING COMMUNITYNY501(C)(3)LINE 10PURCHASE COLLEGE ADVANTAGE CORPORATIONYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PURCHASE SENIOR LEARNING COMMUNITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$600,000InvolvedAmt
Method Of Amount DeterminationCOSTMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.