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Stony Brook Foundation, Inc.

Stony Brook Foundation, Inc.

Stony Brook, NY 11794
Tax ID11-6077945

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About this organization

Revenue

$75,975,483

Expenses

$58,814,651

Website

stonybrookfoundation.org

Mission

Established in 1965, the Stony Brook Foundation is a private 501(c) (3) nonprofit corporation. It exists to advance the goals and strategic plan of Stony Brook University by raising and managing private funds on the University’s behalf.

About

Stony Brook Foundation provided SUNY Stony Brook funds for various institutional support, including but not limited to: Funding construction of cutting-edge facilities such as the Medical and Research Translation (MART) as well as substantial renovations of the current existing Stony Brook University Hospital, subsidized funding to support various SUNY Stony Brook strategic academic initiatives, and Stony Brook University departments such as Mathematics, Physics and the Turkana Basin Institute, an academic base for scientific research and training in paleontology and paleoanthropology.

Interesting data from their 2020 990 filing

The filing sets forth the mission of the non-profit as “The stony brook foundation, inc. is a not-for-profit, "no member" corporation established in 1965. sbf exists to advance the mission and goals of suny stony brook by facilitating, accepting and managing philanthropic gifts. (continued on schedule o).”.

When detailing its responsibilities, they were listed as: “To advance the mission and goals of suny stony brook (also referred to as stony brook university) by facilitating, accepting and managing philanthropic gifts.”.

  • The state in which the non-profit is legally permitted to operate is NY.
  • The address of the non-profit for 2020 according to the filing is 230 Administration, Stony Brook, NY, 11794.
  • The number of employees reported by the non-profit on their form as of 2020 is 12.
  • Does not operate a hospital.
  • Does not operate a school.
  • Collects art.
  • Provides credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $17,160,832.
  • The CEO compensation structure within the organization is based on a review and approval from a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 20 independent voting members.
  • The organization has a professional fund raiser.
  • The organization was formed in 1965.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $10,433,400 in salary, compensation, and benefits to its employees.
  • The organization pays $4,657,975 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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