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2009 - 2010 Report to the Community
Complete Version
2009-2010 Report to the Community


Financials

College Operating Budget 2009-10

Revenue and Expense Summary
Revenue
Tuition Revenue $ 33,288,158
State Aid 25,257,255
Offset Revenue 16,214,030
Chargeback Revenue 15,622,750
Sponsor Contribution 3,138,900
Revenue in Lieu of Sponsor’s Share 1,638,000
Appropriated Fund Balance 4,078,273
Total $ 99,237,366

Expense
Personal Services $ 50,065,434
Equipment 1,554,087
Contractual Expense 31,151,465
Employee Benefits 16,466,380
Total $ 99,237,366

Statements of Financials

Hudson Valley Community College Foundation Income Statement

Direct Public and Fundraising Support $1,409,467
Net Investment Activity 253,280
Total Revenues 1,662,747
Total Expenses* 1,068,774
Net Loss 593,973
Increase in Net Assets $593,973

*Includes $1,046,396 for student scholarship assistance and support of college initiatives.

Hudson Valley Community College Foundation Statements of Financial Position
August 31, 2010 and 2009

2008 2009
Assets
Current Assets
Cash $ 1,052,999 $651,016
Interest receivable and other - 14,613
Current portion of pledges receivable 75,691
90,412
Total current assets 1,128,690 756,041
Pledges receivable due after one year 239,020 48,340
Other assets 10,000 10,000
Investments 2,862,713 2,838,721
Guenther Trust assets 460,381 450,639
Beneficial interest in perpetual trust 80,654 75,481
Cash value of life insurance 266,249
270,214
$ 5,047,707 $4,449,436
Liability and Net Assets
Accounts payable and accrued expenses $ 31,555 17,660
Deferred revenue 72,316
81,913
Total liabilities 103,871 99,573
 
Unrestricted
Board designated 22,001 17,001
Undesignated(deficit) (140,961)
(235,671)
Net assets (118,960) (218,670)
 
Temporarily restricted 1,749,168 1,554,059
Permanently restricted 3,313,628
3,014,474
Total net assets 4,943,836
4,349,863
 
 
Total liabilities and assets $ 5,047,707 $4,449,436

Hudson Valley Community College Foundation Funds, 2009-10

Unrestricted
  • Annual Fund
  • General Endowment
  • General Fund

Restricted

  • ASCE Student Club Endowment Fund
  • ASHREE Scholarship 
  • Albany Electrical Industry Contractors Scholarship
  • Albany Kennel Club Paramedic Scholarship
  • Albany Medical Center Scholarship
  • Albany Rods & Kustoms, Inc. Scholarship
  • Allied Health Scholarship
  • Alumni Legacy Scholarship
  • Amerada Hess Scholarship
  • John O. Amstutz Scholarship
  • Athens Generating Company Presidential and Technology Scholarship
  • Athletics Department Equipment Endownment Fund
  • John H. and Hazel Hayes Atwater Memorial Scholarship
  • Lois and John H. Atwater, Jr. Memorial Scholarship
  • Automobilist of the Upper Hudson Valley Scholarship in Memory of John A. English
  • Automotive Expansion Fund
  • Ann L. Baldrey Scholarship Fund
  • Biology, Chemistry Physics Fund
  • Biology Nature Trail Fund
  • Sgt. Michael Blair Scholarship
  • Senator Joseph L. Bruno Public Service Scholarship
  • Building Systems Technology Fund
  • Dr. Joseph J. Bulmer Educational Opportunity Center Scholarship
  • Dr. Joseph J. Bulmer Award for Excellence in Library Research
  • John Buono Award for Civic Engagement Fund
  • Business Administration Scholarship
  • Business Administration Faculty Scholarship
  • Business Department Student Award Fund
  • Capital District Chevrolet Club Scholarship
  • Hudson Valley Community College Capstone Project Fund
  • Center for Careers & Employment Development Fund
  • Center for Service Learning and Civic Engagement Fund
  • Courtney Carelli and Ryan Gardner Memorial Scholarship
  • Peter T. Chimbos ’64 Memorial Scholarship
  • John J. Choulochas Annual Award for Excellence in Automotive Service
  • Citizens Academy Grant Fund
  • Class of ’57 Scholarship
  • Class of ’93 Scholarship
  • College Day Care Fund
  • College in the High School Program Fund
  • Collegiate Academic Support Program Fund
  • James P. Conley ’57 Family Scholarship
  • Construction Technology Endowment Fund
  • Dorothy Cushman Scholarship
  • Kevin H. Davidson Memorial Scholarship
  • Dr. Anthony M. De Bonis Memorial Scholarship
  • Elizabeth M. DeFeo Memorial Scholarship
  • Dental Hygiene Endowment Fund
  • Dewar Foundation Scholarship
  • Richard Dinn Memorial Scholarship
  • Diversity Honors Scholarship
  • Center for Access and Assistive Technology Endowment Fund
  • Jason Irving Doeg ’02 Memorial Scholarship
  • William J. Doherty Nursing Scholarship
  • Professor Ronald Dow Scholarship
  • Christopher M. Drabik Memorial Scholarship
  • Eastern New York Coalition of Automotive Retailers, Inc. Scholarship
  • Educational Opportunity Center Endowment Fund
  • Educational Opportunity Program Emergency Fund
  • Dr. John W. Ehrecke Humanity Award
  • Ellis Hospital Respiratory Care Scholarship
  • Emergency Assistance Fund for Students with Disabilities Fund
  • Energy, Building, Engineering Technologies and Science Endowment Fund
  • Engineering and Industrial Technology Endowment Fund
  • English, Modern Language and ESL Department Support Fund
  • Evergreen Bank Scholarship
  • Facility Maintenance Improvement Fund
  • Faculty Staff Emergency Fund for Employees
  • Faculty Staff Endowment Scholarship for Dependents of Hudson Valley Community College Employees
  • Faculty Staff Endowment Scholarship for Hudson Valley Community College Employees
  • Jack Falvo Memorial Scholarship
  • Patricia Field Scholarship
  • Fine Arts Award
  • First Advantage Dental Scholarship
  • John R. Fletcher Memorial Scholarship
  • Fulder Scholarship
  • Ryan W. Gardner Memorial Scholarship
  • General Electric Award
  • General Electric Polypropylene Oxide Scholarship
  • General Endowment Fund
  • General Scholarship
  • Donald F. Gilbert, Jr. Scholarship
  • Paul F. Goliber Memorial Scholarship
  • Otto V. Guenther Scholarship
  • Jack Hallgren Memorial Chemistry Award
  • Janet Hamel Leadership Scholarship
  • Willie Hammett Student Services Scholarship
  • Frank Hanrahan Memorial Scholarship
  • Joel B. Hargett ’97 Memorial Scholarship
  • Donald D. Heckelman Memorial Scholarship
  • Robin M. Henkel Memorial Scholarship
  • History, Philosophy, Social Sciences Department Fund
  • Hudson Valley Community College Alumni Emergency Assistance for Students Fund
  • Hudson Valley Chapter Association Legal Administration Scholarship
  • Cathy Hunter-Roberts Scholarship
  • Gretchen Hussey Memorial Scholarship Fund
  • Stephen L. Hyatt Fine Arts Endowment
  • The Stephen L. Hyatt Science Award
  • Individual Studies and Liberal Arts Department Fund
  • Warren Joscelyn Mathematics Award
  • Francis A. Kelly Chapter No. 38 DAV Scholarship
  • Sean Anthony Kelleher Memorial Scholarship
  • Kevin Everett King Scholarship
  • Eastman Kodak Business Scholarship
  • Eastman Kodak Engineering Scholarship
  • Robert J. Kufs Memorial Scholarship 
  • Matthew Kupic Memorial Fund
  • Marilyn LaBrie - Dental Hygiene Faculty Memorial Scholarship
  • Kenneth P. LaCorte Scholarship
  • Samuel J. and Pauline M. LaGatta Scholarship
  • Hollie Sharp Lainhart Memorial Scholarship
  • Lang Fund for Animal Law Studies
  • John & Marguerite La Pan Memorial Scholarship
  • Library Fund
  • Lockheed Martin Scholarship
  • Lovejoy Chaplet Corp. Manufacturing Technical Systems Scholarship Fund
  • Jane S. Mangold Memorial Scholarship
  • Manufacturing Technical Systems Fund
  • R.D. Marshall Scholarship
  • Marshall and Sterling Scholarship
  • Mathematics and Science Award
  • Marvin Scholarship
  • Roy J. McDonald ’67 G.I. Scholarship
  • Mr. & Mrs. Edward F. McDonough, Sr. Scholarship
  • Mark McKeon ’97 Memorial Scholarship
  • McKinley Faculty Memorial Scholarship
  • Medical Imaging Emergency Book & Uniform Fund
  • Stephen Metzgar Human Services Fund
  • Dr. Frank J. Morgan, Jr. Scholarship
  • Jeannette M. and James K. Morse Sr. Memorial Scholarship
  • Mortuary Science Fund
  • William G. Muller Continuing Education Scholarship
  • Louis D. Nagi Scholarship
  • John Nagi Scholarship
  • Rev. Dr. Dennis Nagi Scholarship
  • National Grid Grant Fund
  • Naturalized Student Award
  • New York State Federation of Home Bureaus, Inc. Scholarship in
      • Business/Accounting/CIS
      • Early Childhood Education
      • Human Services
      • Liberal Arts
  • Northeastern Subcontractors Association Scholarship
  • Northeastern Subcontractors Association Scholarship in memory of Fred Dykeman
  • Edith Norton Scholarship
  • Nursing Expansion Fund
  • Ralph O’Brien Scholarship
  • PA Alumni Association Scholarship
  • Pell Scholarship
  • William E. Peck ’82 Memorial Scholarship
  • Harold M. Perkins Automotive Technology Scholarship
  • Pioneer Bank Scholarship in Memory of John M. Scarchiili '74
  • Dr. Lawrence Emil Porcelli Memorial Scholarship
  • Marine Sgt. William D. Powers Scholarship
  • Presidential Honors Scholarship
  • President's Innovation Fund
  • Project Aware
  • Psychology Scholarship
  • Puma/Schmidt Memorial Scholarship
  • Aimee Lynn Pyskadlo Memorial Scholarship
  • Rensselaer High School Student Tuition Fund
  • Respiratory Care Fund
  • Ryan W. Gardner Memorial Scholarship Sponsored by the Rensselaer County Association of Town Superintendents of Highways Scholarship
  • Ray Richardson Scholarship in honor of Dr. Frank J. Morgan, Jr.
  • Elizabeth K. Ripple Memorial Scholarship
  • Rose & Kiernan- Traveler’s Scholarship Fund
  • Doris & Hy Rosenblum Humanitarian Award
  • Frank J. Ryan ’69 Memorial Scholarship
  • Second Chance Scholarship Endowment Fund
  • Simmons Machine Tool Corporation Scholarship
  • Southworth Machinery Scholarship
  • Dr. Leonard Spiegel Memorial Scholarship
  • Sponsor-a- Scholar Scholarship
  • Eugenia M. Staerker Individual Studies Award
  • Maureen Stapleton Theatre Fund
  • Raymond J. Stastny Memorial Scholarship
  • Michael Such Criminal Justice Scholarship
  • Steven Sultan Scholarship
  • Karen Swanick Scrivani ’94 Memorial Nursing Scholarship
  • Tau Beta Phi Scholarship
  • Teamsters Union Scholarship
  • Technology Expansion Fund
  • Tri-County Council of Vietnam Era Veterans and Gold Star Mothers Scholarship
  • Michael J. Torello Memorial Scholarship
  • TeacherPreparation Fund
  • UHY Advisors Accounting Award Fund
  • Viking Club Fund
  • Patty Walsh ’92 Memorial Scholarship
  • Sharao Vasudeo Watwe Memorial Scholarship
  • Abbott L. Wiley Scholarship sponsored by Wiley Brothers, Inc.
  • Workforce Development Fund           
  • Women’s Enterprise (WE@HVCC) Fund
  • Youth Program Fund
  • Youth Program Endowment Fund
  • Zak, Inc. MFT Scholarship
  • Gordon ’62 and Linda Zuckerman Endowment Fund