YEAR ENDED JUNE 30, 2009 - Farmingdale State College

2009
A n n ua l R e p o r t
Farmingdale
C o l l e g e F o u n dat i o n
2009
F ar m i n g d a l e C o l l e g e F o u n d a t i o n
A n n ua l R e p o r t
Table
of
C ontents
Greetings From the President of Farmingdale College Foundation........................................... 2
Message From the President of Farmingdale State College....................................................... 3
Our Mission............................................................................................................................... 4
Farmingdale College Foundation Board.................................................................................... 5
Farmingdale College Foundation Events
22nd Annual Tech Island Golf Classic................................................................................ 6
Honoree: Rudy Holesek, President, Apollo HVAC Corp.
2008 Business Hall of Fame Gala....................................................................................... 8
Honorees: Patricia McMahon, Northrop Grumman
James Bissett, Bissett Nursery
C. Kenneth Morrelly, Long Island Forum for Technology
Annual Scholarship Awards............................................................................................ 10
2009 Garden Festival....................................................................................................... 12
Honor Roll of Faculty & Staff Donors..................................................................................... 15
Honor Roll of External Donors................................................................................................17
Independent Auditor’s Report................................................................................................. 19
Farmingdale College Foundation............................................................................................ 20
Statement of Financial Position – June 30, 2009
Farmingdale College Foundation............................................................................................ 22
Statement of Activities – June 30, 2009
Farmingdale College Foundation............................................................................................ 24
Statement of Cash Flows – June 30, 2009
Notes to Financial Statements................................................................................................ 27
Year Ended June 30, 2009
G reetings F rom
the
P resident
of
Farmingdale C ollege Foundation
Thank you for taking the time to let me share with you the results of our 2008-2009 fiscal year
activities, my first as President of the Farmingdale College Foundation.
Our active Board of Directors, comprised of prominent area business leaders from across the Long
Island region, has helped me create an exciting vision for the long term growth of our 501(c)(3)
not-for-profit Foundation to fulfill its mission to provide student scholarships, plus faculty and staff
support, not otherwise funded by New York State or through tuition. Against the backdrop of an
economic downturn of epic proportions, our Board has stepped forward with passionate, tireless
committee involvement resulting in record income. Thanks to the assistance of Farmingdale State
College President, Dr. W. Hubert Keen, and his Office of Development, led by Dr. Henry Sikorski,
along with key staff members, Charlene Russert, Jane Massimino and Patricia Greene, we exceeded
all expectations.
Our highlight was the granting of the greatest number of scholarships presented to students in the 98
year history of the College. Just a sampling of that effort:
110 Sand Company Scholarship
Estée Lauder Companies Scholarships
n Farmingdale State Presidential Scholarships
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In addition, faculty and staff enrichment programs included:
Artists & Lecturers Programs
Writing in the Disciplines Program
n Green Energy Symposium
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This year has been our most successful to date. Our most well known annual events, the Business
Hall of Fame Gala, Tech Island Golf Classic, and Horticulture Committee Garden Party were
smashing financial successes, while a good time was had by all in the process! Corporate and private
support through our Major Gifts Campaign was at an all time high, and we look forward to future
opportunities to further enhance private/public partnerships that support Farmingdale State.
As funding increases, the Board has not rested on its laurels and continues to make prudent fiscal
management decisions for investments and grant approvals – all the while maintaining steadfast
compliance with our legal, ethical, and moral responsibilities.
We can’t continue our success without your sharing in and supporting our vision. Thus, I welcome
anyone interested in joining our cause to drop me a note or stop by at the Office of Development in
Horton Hall on the College campus to learn more about ways to support the Foundation as we help
Farmingdale State College continue its growth as one of the region’s leading academic institutions.
Best personal regards,
Richard S. Overton, President
Farmingdale College Foundation
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M essage
from the
P resident
of
Farmingdale State C ollege
The margin of difference in our institutional accomplishments is owed, in no small part, to the support
received from private and non-state sources. Monies donated to the College are invested to provide
institutional excellence. Our mission – continued excellence in teaching, learning, scholarship,
research, and public service – is greatly enhanced in various ways by our many supporters.
In the past year, we have begun implementing physical plant and grounds projects that will, upon
completion over the next three years, bring great improvement to the facilities, and aesthetic appeal
to the campus. One major project, for instance, is the reconstruction of roadways, parking lots, and
grounds, which will not only transform and modernize our campus, but which will also change the
“face” of the College and better serve the needs of faculty, staff, and students. During the next year we
anticipate a renovation of the Library, the complete rehabilitation of Hale Hall, groundbreaking for the
new School of Business building, Campus Center, and the establishment of an Information Commons
Area to provide students a state-of-the-art information resource.
Support from Farmingdale State’s partners is always used wisely to assure that an excellent education is
continually available to more than 7,000 students annually. In 2009, the College received over 10,000
applications for its fall semester, while admission requirements, already the highest in the 100-year
history of the institution, continue to increase.
Our progress in 2008 – 2009 has been extraordinary. The Foundation attained another record level of
contributed support to the campus, exceeding its last year’s level. This support enabled us to provide:
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Scholarships for exemplary students
Faculty development, ranging from research enhancements to the purchase of new
laboratory equipment and educational software, and the hosting of scholarly conferences
attended by hundreds
State of the art facilities and technology to enhance the
teaching/learning experience.
This year, we begin planning for the celebration of Farmingdale State’s Centennial in 2012. The
completion of a number of major physical plant projects during the next three years, and the
continuing advancement in the quality of our academic programs, will be a milestone in Farmingdale
State’s evolution. With the Foundation’s assistance, we will grow our assets for the benefit of current
and future students, faculty, and staff, and provide the best quality of education possible.
Having served for almost three years as President, I am exceptionally proud of the advances we have
made. The Foundation continues to be a key partner in enabling Farmingdale State College to
dramatically improve the lives of thousands of students annually.
Thank you for helping Farmingdale State College fulfill its mission!
W. Hubert Keen, PhD, President
Farmingdale State College
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O ur M ission
Farmingdale State College is a coeducational, public college with more than 7,000 undergraduate students. The College is dedicated to
educating students in the areas of business, applied arts and sciences, health sciences, and engineering technology. A rich history of over
80,000 graduates makes Farmingdale State a college with a legacy of excellence. Farmingdale State students enjoy small, personalized classes
with exceptional faculty members who provide individual attention. Students are prepared for successful futures via real life applications of
knowledge, critical thinking, and a sound liberal arts education which will help them pursue rewarding and successful careers with many of the
region’s most prestigious companies. Farmingdale State is dedicated to changing lives and building futures.
Farmingdale College Foundation’s mission is:
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To encourage, solicit, accept and hold gifts made to it in the form of money, stocks, bonds, lands and any other type of property,
either real or personal, and to manage such property and collect the income therefrom and disburse the same only for the purpose of
advancing the educational purposes, welfare, and development of Farmingdale State College;
To render such financial assistance to the students, faculty, and administration of the said college pursuant to the educational
purposes of the Foundation, and as shall be consistent with the purpose and policies of Farmingdale State College; and
To receive and hold, and to manage and administer such property as may be received by the Foundation, and to use and apply all
as part of the income or savings therefrom as well as the principal thereof exclusively for cultural, scientific, literary or educational
purposes, either directly or by contributions to organizations which are organized and authorized to carry out such activities; provided,
however, that said organizations qualify as an exempt organization under section 501(c)(3) of the Internal Revenue Code and its
regulations as they now exist or as they may hereafter be amended.
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Farmingdale C ollege Foundation B oard
OFFICERS
President
1st Vice President
2nd Vice President
Vice President, Operations & Facilities,
Forest Laboratories Inc.
Vice President, Human Resources,
Winthrop University Hospital
Senior Vice President,
Brokerage Services
CB Richard Ellis
Richard S. Overton
George Rainer
Treasurer
Secretary
Senior Vice President & CFO,
Farmingdale State College
Chief Development Officer,
Farmingdale State College
George P. LaRosa
Robert C. Godfrey
Henry Sikorski, Ph.D.
MEMBERS
Linda Amper, Ph.D.
Sr. VP, Human Resources
OSI Pharmaceuticals, Inc.
Wayne N. Grossé
COO, Bethpage Federal Credit Union
Michael Bender
W. Hubert Keen, Ph.D.
Thomas W. Bogue
Jonathan D. Klein
Richard A. Catalano
Carolynn Lucca
CEO, Bana Electric Corp.
East Coast Power, LLC
Partner, KPMG, LLP
Maria Cinque
President, Cinque Associates
Bart H. Friedman
Partner, Marcum LLP
Kathleen Gallo, Ph.D.
Senior Vice President
& Chief Learning Officer
North Shore/LIJ Health System
President, Farmingdale State College
Jomar Management Consultants
Gary Melius
Owner, Oheka Castle
Michael O’Rourke
President, Best Climate Control Corp.
Jeffrey Peacock
Vice President Manufacturing Operations,
Bracco Diagnostics, Inc.
Associate Group Director & Vice
President, Signature Bank
Robert Reed, Esq.
Jonathan Marcus
Theresa Santmann
Vice President, The Marcus Organization
Judith McEvoy
President, Alumni Association,
Farmingdale State College
Patricia M. McMahon
Vice President, IPT Leader
Northrop Grumman Corp.
President, New Island Hospital (Retired)
Owner, Little Flower for Rehabilitation & Nursing
Fred Skolnik
Partner, Certilman Balin Adler
& Hyman, LLP, Attorneys
Brendan Sullivan
Executive Director, Estée Lauder Companies Inc.
Robert L. Van Nostrand
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Farmingdale C ollege Foundation Events
22nd Annual Tech Island Golf Classic
The Foundation hosted its annual golf outing on Monday, June 29, 2009 at the Middle Bay Country Club in Oceanside, New York, and raised
over $116,000. Rudy Holesek, President of Apollo HVAC Corporation, served as honoree.
Apollo HVAC is a design/build mechanical contracting firm entering its 37th year in business, with offices on Long Island and New Jersey.
Mr. Holesek is also President of Advanced Control Solutions (ACS), a BMS and temperature controls company. Apollo HVAC and ACS
specialize in commercial, industrial, and institutional projects with emphasis on providing energy and comfort solutions, and the application of
“Green” technology. Apollo has twice received recognition for its participation and leadership in the LIPA Clean Energy Program.
Mr. Holesek is a board member of the U.S. Green Building Council (USGBC), Long Island Chapter, the second vice president of Building
Owners’ & Managers’ Association (BOMA) Long Island, and a member of American Society of Heating, Refrigerating & Air-Conditioning
Engineers (ASHRAE). He has been involved in designing and building numerous Leadership in Energy & Environmental Design (LEED)
projects on Long Island and New Jersey.
Mr. Holesek also donates his time as a volunteer pilot for Angel Flight NE.
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22nd Annual Tech Island Golf Classic (Middle Bay Country Club)
Honoree: Rudy Holesek, President, Apollo HVAC Corp
Center Photo: L-R, Richard Overton, Hubert Keen and Rudy Holesek
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Farmingdale C ollege Foundation Events (continued)
2008 Business Hall of Fame Gala
The Foundation held its primary fundraiser on November 6, 2008 at Oheka Castle in Huntington, New York, and raised over $141,000. We
inducted three Honorees into the Business Hall of Fame: Patricia McMahon, Vice President & Deputy, Integrated Systems Eastern Region,
Northrop Grumman Corporation, James Bissett, President & CEO, Bissett Nursery Corp. and C. Kenneth Morrelly, President of Long Island
Forum for Technology (LIFT).
Honoree Patricia McMahon, as deputy to the sector vice president for Northrop Grumman Integrated Systems Eastern Region, helps lead
an organization comprising more than 4,000 employees in three major sites along the east coast and several others across the nation. One
of her day-to-day responsibilities is serving as Site Manager for the Bethpage facility. As such, she oversees major programs, including the
E-2 Hawkeye airborne early warning and battle management system, the Information Operations & Electronic Attack Integrated product
team (IPT), which develops advanced airborne electronic attack (AEA) systems. In this capacity she directs the work of approximately 600
employees working in New York; Florida; Maryland; and California.
Ms. McMahon is currently the chairman of the Town of Babylon Planning Board, former member of the Town of Babylon Zoning Board of
Appeals, and former chairman of the Town of Babylon Industrial Development Agency Board. She was the first woman to chair the Planning
and Industrial Development boards. Ms. McMahon also received the 2006 Town of Babylon Women in Government award. Ms. McMahon is
currently on the boards of the Long Island Software and Technology Network (LISTnet), Long Island Philharmonic, the Farmingdale College
Foundation, and is a director of the New York State Business Council. She received the LISTnet Diamond Award in 2006. In 2004 and 2006,
Ms. McMahon was chosen as one of Long Island’s 50 most influential women, and in 2007 was named to its Hall of Fame.
Honoree James Bissett started his career as a laborer at the age of 12, joining his father, James Bissett, Sr., in the family business. Inspired
by his father’s work ethic and mentoring, Mr. Bissett knew early on that he wanted to work with his father to build the family business into
an industry leader. By 1991, Mr. Bissett earned the top job as president and CEO of Bissett Nursery Corp. The company has grown into the
largest single location horticultural distribution center in the country. The company attributes this success to having the highest level of
customer service and the best staff in the industry.
In addition to expanding Bissett Nursery, Jim built and operates Treasure Cove Resort Marina, a commercial and residential rental property;
Bissett Equipment Corp., a banquet and catering company. His enthusiasm for family, commerce, adventure and love of the world’s oceans
drove him to a project that most said could not be financially viable. Atlantis Marine World opened in 2000 and was an immediate hit. Since
that time, Atlantis has entertained and educated over 3 million visitors, has expanded every year and was recently ranked No. 7 in the country
by Parents magazine.
Jim’s commitment to charitable organizations is done quietly, without fanfare, and is focused on children and animals; he has been involved
in the design and construction of the Town of Brookhaven Ecology Site & Animal Preserve and has generously supported the Riverhead
Foundation for Marine Research and Preservation’s rescue center and labs. Regional charities to which he contributes include Contractors for
Kids, Long Island Children’s Museum, Cooley’s Anemia Foundation, Habitat for Humanity, and the Boy Scouts and Girl Scouts of America.
Honoree C. Kenneth Morrelly has been the President of Long Island Forum for Technology (LIFT). Previously, Mr. Morrelly spent 15 years in
Department of Defense Systems Design, and 15 years in the research, development, test, and evaluation of commercial and defense products.
Mr. Morrelly spent 30 years working in the high tech industry, 15 years at PRD/Harris and Hazeltine (now BAE), and 15 years in the research,
development and testing areas with Dayton T. Brown.
Mr. Morrelly has published numerous technical articles, has served on The National Governor’s Association, on the Defense Science Board,
and is a trustee of the Naval War College. He holds patents in the machine prognostics area, and has been reviewed in The New York Times,
The Wall Street Journal and other publications.
He has worked with Long Island’s Congressional delegation, and with New York State and the Federal government on regional industry and
technology issues affecting job growth and national defense, both locally and regionally.
Mr. Morrelly holds a B.S. in Electrical Engineering from C.W. Post, a M.S. from Long Island University; he also earned a M.S. in Business from
Columbia University.
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2008 Business Hall of Fame Gala (Oheka Castle)
Honorees: Patricia McMahon, Northrop Grumman; James Bissett,
Bissett Nursery; & C. Kenneth Morrelly, Long Island Forum for Technology
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Farmingdale C ollege Foundation Events (continued)
Annual Scholarship Awards
The Farmingdale Foundation Annual Scholarship Reception was held on Wednesday, March 18, 2009. Farmingdale State’s best and brightest
students were recognized for their outstanding academic achievements, and many of those sponsors providing individual and corporate
scholarship support were on hand to make presentations to our student scholars. Awards and recipients included:
100 Black Women Scholarship – Marylin Besong, Bioscience
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110 Sand Company Scholarship – Stratis Christodoulou, Construction Management Engineering Technology
OSI Pharmaceuticals Scholarship – Kathryn Blecher, Bioscience, Christopher DiMaio, Bioscience, Daniel Mackey, Bioscience,
John Tesoriero, Bioscience, Kinga Williams, Bioscience
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Campus Fund Scholarship – Andrew Glaser, Architectural Engineering Technology, Ryan Hodges, Technology Studies, Dominick Lollo,
Automotive Technology, Anthony Sbrocco, Business Management, Kinga Williams, Bioscience
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Dante Foundation Scholarship – Ryan McAllister, Business Management
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East Northport Lions Club Scholarship – Kerri Philipbar, Nursing
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Estée Lauder Corporation Scholarship – Kathleen K. Flanagan, Bioscience, Yvette Gardner, Bioscience, Kerri Philipbar, Nursing
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Forest Laboratories, Inc. Scholarship – Thomas DeBenedetto, Industrial Technology – Facility Management Technology
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John Gargano Memorial Scholarship - Stratis Christodoulou, Construction Management Engineering Technology
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J. Frederick Gibralter Memorial Scholarship – Anthony Sbrocco, Business Management
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Gelina & McClees Scholarship – Carolyn Kennedy, Architectural Engineering Technology
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International Association of Financial Crime Investigators Award – Krzysztof Pasternak, Criminal Justice/Security Systems
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Dr. Colin Goddard Scholarship – Nicole Andre, Bioscience
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Gladys Brooks Foundation Scholarship – Cynthia Cruz, Nursing, Mary O’Neil, Nursing, Lisa Sneddon, Nursing,
Lorraine Tuck-Vaughan, Nursing, Kerry Ann White, Nursing
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Annual Scholarship Awards (March 18, 2009)
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Richard & Carolyn Overton Scholarship – Christina Fehrman, Liberal Arts & Sciences, Steve Henson,
Industrial Technology – Facility Management Technology
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Joseph D. Posillico, Jr. Memorial Scholarship – Ralph Kanas, Construction Management Engineering Technology
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Joseph D. Posillico, Sr. Memorial Scholarship – Stratis Christodoulou, Construction Management Engineering Technology
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Presidential Scholarship – Michele C. Albanese, Business Management, Joseph Allesi, Aeronautical Science-Professional Pilot,
Jessica Ambrose, Bioscience, Jonathan Archille, Aviation Administration, Jordan R. Bousquet, Liberal Arts & Sciences,
Kevin W. Brown, Computer Programming & Information Systems, Joseph Bulfamante, Ornamental Horticulture-Landscape
Development, Jenna Lynn Décordova, Liberal Arts & Sciences, Andrew J. DiGeloromo, Business Management, Christina Fehrman,
Liberal Arts & Sciences, Christopher Gawiak, Visual Communications, Stefani Lynn Giordano, Liberal Arts & Sciences,
Synthia S. Gratia, Bioscience, Salvatore Hanusiewicz, Computer Programming & Information Systems, Ayumi Inoue, Undeclared Major,
John J. Luther, Jr., Undeclared Major, Jonathan J. Miranda, Aeronautical Science-Professional Pilot, Rachel Neville, Liberal Arts &
Sciences, Amy Olenick, Nursing, Lisa C. Persico, Bioscience, Michael P. Pogorzelski, Aeronautical Science-Professional Pilot,
Samantha Press, Liberal Arts & Sciences, John M. Roselle, Applied Mathematics, Eric Stravinskas, Electrical Engineering Technology,
Daniel P. Thompson, Business Administration, Lauren M. Tyree, Business Management, Daniel J. Weinman, Mechanical Engineering
Technology, Brooke Wheeler, Construction Management Engineering Technology, Stephanie Zimmerman, Nursing, Justin Zupnick,
Undeclared Major
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M atthew Rehl Memorial Scholarship – Kemoy Allen, Aeronautical Science-Professional Pilot
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Dr. Horst Saalbach Scholarship – Leonard Golub, Manufacturing Engineering Technology
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R aymond Von Deesten Memorial Scholarship – Adam C. Zuar, Architectural Engineering Technology
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Wall of Honor Scholarship – Michael T. Bentley, Business Management, James Halsall, Applied Mathematics,
David Kohanim, Business Management, Kelli Sawey, Liberal Arts & Sciences, John Tesoriero, Bioscience
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Over $120,000 was awarded to Farmingdale State College students.
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Farmingdale C ollege Foundation Events (continued)
2009 Garden Festival
The 4th annual Garden Festival at Farmingdale State College of New York was held on May 30 & 31, 2009 and was a huge success, raising
over $70,000 with more than 8,000 people in attendance. The festival was sponsored by the Farmingdale Horticulture Committee of the
Farmingdale College Foundation and coordinated by Foundation Board member, Maria Cinque. The major corporate sponsor of the event was
The Scotts Miracle-Gro Company; other corporate sponsors were Bartlett Tree Experts, Gutter Helmet, and Long Island Pulse.
Dr. Richard Iversen, curator of the gardens and professor of horticulture, conducted tours of the fabulous teaching gardens, while
Professor Paul Fogelberg offered landscaping advice to attendees. Music was donated by Professor Wayne Krush and his band –
The Lonesome Moonlight String Band.
Proceeds from the event benefit excellence in Farmingdale State College’s Horticulture Curriculum, and provide horticulture scholarships, and
further development of the Ornamental Horticulture Teaching Gardens.
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H ow D onations Were S pent & Total S cholarships Awarded
How Donations Were Spent
15%
Scholarships & Awards
16%
Management & General*
50%
Campus Programs
19%
Special Events
* Includes community outreach support.
Total Scholarships Awarded (in thousands)
123
120
100
80
60
40
31
20
0
2002
2002
2009
2009
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Total A ssets & R evenue
4000
Total Assets (in thousands)
$3,765.00
3500
$3,023.90
3000
$2,686.50
2500
$2,326.40
2000
$1,940.20
$1,667.90
1500
1000
500
0
$1,013.50
$605.20
$597.00
2000
2001
$725.60
2002
2000
2003
2004
2005
2006
2007
2008
2009
Total Revenue (in thousands)
$1,531.00
1500
1000
$930.70
$958.10
$934.00
$954.10
2004
2005
2006
2007
$985.10
$778.90
500
$284.00
$174.80
0
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2000
2001
Fa r m i ngda l e C oll ege Fou n dat ion
$233.20
2002
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2008
2009
H onor R oll
of
Faculty & Staff D onors
The Farmingdale College Foundation is thankful for the support of the college community without which many of the campus activities and
support for student learning in the form of scholarships would not be possible.
Charles Adair
Catherine Akel
Wisdom Akpalu
Daniel T. Arcieri
Barbara Ayo
Solomon Ayo
Thomas F. Azzara
Matthew Bahamonde
Amitabha Bandyopadhyay
Elizabeth Barker
Frances Barton
Susan C. Baxter
Andrew Berger
Joseph Betz
Dudley Blossom
Henry Bojack
Jeffrey Borah
Vanda Bordies-McCormick
Jane Botta
Dolores R. Bradley
Anna Brewer
Gary A. Brown
Margery L. Brown
Jennifer Bryer
Rose Ann Byron
Patrick P. Calabria
Linda L. Calderone
Barry John Capella
Maureen Capone
Nancy Casimano
Lucia Cepriano
Judith M. Cestaro
Stuart Chaskes
Frances Cherkis
Dolores Ciaccio
Kathleen Cino
Jeanne Ciullo
Kathryn S. Coley
Elizabeth Colgan
Amy Colvin
Susan L. Conforti
Bridget J. Cremmins
Loucas Chrysafi
Robert A. Crocker
Marguerite D’Aloisio
Damiano D’Amico
Angela Danzi
Yelleshpur Dathatri
Luisa Dattoma
Miriam K. Deitsch
Kathleen E. Devine
Mary Kirby Diaz
Henry J. Dondero
Christine M. Dose
Robin Dunn
John Dzinanka
Malka Edelman
Eileen Eichler
Robert Elgart
Serdar Elgun
Karen M. Escolas
Arthur A. Ezra
Eleanor R. Fapohunda
Edward Farkas
Deborah Faulhaber
Matilde Fava
Francine Federman-Sherman
George Fernandez
Joan Ferrell
Adam A. Filios
Marvin Fischer
Gerald Flynn
Paul Fogelberg
Jeffrey Gaab
Staci Gardner
Karen A. Gelles
Anthony J. Giffone
Mary Ann Goldrick
Jonathan M. Goldstein
Christine M. Goncharuk
Michael Goodstone
Thomas J. Grech
Donald Green
David Greene
Patricia Greene
Carol Greenholz
Lorraine Greenwald
Sarah Gross
Janet M. Gruber
James T. Hall
Tory Hare
Deirdre Harrington
Michael Harrington
Agnes Hartmann
Eileen Hasson
John W. Hendrickson
Sharon Henle
Veronica Henry
Lisa Hiltonsmith
Rosemarie Hoda
Hanna Horowitz
Arthur Hoskey
Marya Howell Carter
Janet Hume
Richard Hume
Yue Hung
Sandra Hustedt
Ahmed Ibrahim
Kathleen Ignozzi
Marybeth Incandela
Eugene Indenbaum
Leonard Isemonger
Richard Iversen
Kathleen Jacquette
Vicki K. Janik
Gabriele Jones
Laura Joseph
Gertrud Junge
Beverly L. Kahn
Agnes M. Kalemaris
W. Hubert Keen
Michael Knauth
Kathleen E. Kollar
John Kostanoski
Justin Kramer Schultz
Paul Kramer
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H onor R oll
of
Faculty & Staff D onors (C ontinued)
George Kraus
Wayne Krush
John Kubin
Kathleen Kupferman
Kevin Laffin
Colleen Laibach
Susan Landau
Joanne Lapidus-Graham
George P. LaRosa
Jonathan Lehrer
Judith Levine
Frederick Lingner
Claire Lisi
Marcia B. Littenberg
Matilda Lofaro
Carolyn Lopalo Harrison
Lawrence A. Lopez
Saundra B. Lory-Snyder
Nicholas T. Losito
Barbara Maertz
Brian Maher
Eleanor Majewsky
Lloyd Makarowitz
Bernard Malara
Catherine Malnichuck
Dimitrios Maltezos
Gregory Maninakis
Daniel S. Marrone
Lynn Marsh
Jane Massimino
Paula Maurino
Darleyne E. Mayers
Margo McNeil
Diane E. Melamed
Eileen Meyers
Marie Hayden-Miles
Baher Moghadam
Louise Napolitano-Carman
Abdul Naseem
Marian Nelson Villafana
Irina Neymotin
Sylvia E. Nicosia
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Kenneth F. O’Brien
Christine O’Connor
Jill A. O’Sullivan
Anita M. Pallateri
Hea-Young Park
Peter Paterson
Frank C. Pellegrini
Barbara S. Pennetti
Eugene A. Peters
Susan Peterson
Virginia M. Peterson-Graziose
Margaret Pettit
Margaret Porciello
Allison Puff
Marie C. Pullan
Jeannette Quinn
Jeanne Radigan
Michael Raffanello
Venkitaswamy Raju
Janet Raman
Monique Ramos
Linda M. Rennie
Ligia Rodriguez
Kevin Rooney
Laurie Rozakis
Gary Rupp
Charlene Russert
Yeong D. Ryu
Sudhir Sachdev
Kathleen Sadler
Frances Santiago-Schwarz
Ruth Sapir
Barbara Sarringer
Robert Saunders
Louis Scala
Donna Scarallo
Edward C. Schacher
Martin Schneider
Lisa Scholz
Aristides Scoufelis
Robert L. Snyder
Sheryl R. Schoenacher
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Barbara Serr
Mahendra Shah
Ann R. Shapiro
Kamal Shahrabi
Henry Sikorski
Robert Simins
Michael C. Smiles
Diane M. Smith
Orla M. Smyth-Lopiccolo
Brett Southard
Adele Spencer
Marion Staebler
Mary Stedman
William Steedle
Herbert J. Stokey
Sharon Struminger
Elizabeth Q. Sullivan
Margaret Sullivan
Socrates Thanasas
Cynthia Thomas
Peter M. Thomas
Maureen Tsokris
Joseph Ursino, Jr.
Kathleen Valentino
Mark N. Valesey
Bala Veeramacheneni
Mary V. Villani
Eugenio P. Villarreal
Richard M. Vogel
Erika Wachter
Dionne Walker-Belgrave
Kathleen A. Walsh
Vincent Wan
Annette Wanderer
Lucille Wesnofske
John A. Winn, Jr.
Annette Wyche
H onor R oll
of
E xternal D onors
The Farmingdale College Foundation is fortunate to have the support of the local business and corporate communities. The assistance provided by
these “partners” has helped the college become one of the premier institutions of higher education in the region.
Heritage Society
of $25,000 and above
Forest Laboratories Inc.
Winthrop University Hospital
Philanthropists
$5,000 to $24,999
110 Sand Company
Alure Home Improvements
Bana Electric Corp.
Barnes & Noble
Bissett Nursery Corp.
CB Richard Ellis
East Coast Mechanical
Contracting Corp.
Estée Lauder Companies Inc.
Gelina & McClees Foundation
Grand Flower Growers, Inc.
J. Petrocelli Contracting Inc.
Jeffrey Hwang
Little Flower for Rehabilitation
& Nursing
Long Island Forum for
Technology Inc.
Masterpiece Flower Co., LLC
MCN Distributors
Newsday
Northrop Grumman Corporation
OSI Pharmaceuticals
Richard and Carolyn Overton
RXR Construction & Development MRE
T. Patnode Santmann Foundation
Tilcon New York Inc.
Benefactors Club
$2,500 to $4,999
Albanese Organization, Inc.
American Consumer Shows, Inc.
Aramark
BAE Systems
Bethpage Federal Credit Union
Certilman Balin Adler & Hyman, LLC
Colin Goddard
Joseph Petrocelli
Matthew Kiderman
Rudy Holesek
Steel Equities
The Marcus Organization Inc.
The LandTek Group Inc.
Urbahn Architects
Directors Club
$1,000 to $2,499
Amerisc Corp.
Best Climate Control
Dawn DeRatier
DiFazio Electric, Inc.
Double “R” Contracting Inc.
E.W. Howell Co., Inc.
Eagle Interiors
Elizabeth B. Dater
Eric Schuss
F.A. Bartlett Tree Expert Co.
Forchelli, Curto, Schwartz, Mineo
George T. Cronin
Globecomm Systems Inc.
Griffin Sales Corporation
Gutter Helmet of NY, Inc.
Hoffmann & Baron, LLP
Hughes Associates
IEEE
IUOE Local 138
J. Ratto Landscaping Ltd.
Jeffrey English
KDJ Advertising LLC
Lizardos Engineering Associates PC
LKF Partners
Luigi Fuoco
Marty Faassen
Michael Gomes
Middle Bay Charitable Foundation
Oheka Management Corp.
Originpress, Inc.
Patricia M. McMahon
Pavestone Company
Ralph Nappi
Schuss Realty Associates LLC
Simon Cohen Foundation
Telephonics Corporation
United Service Workers Union IUJAT
USI Sammis, Inc.
Vincent Carnevale
Wolf Creek Tree Farm & Nursery, Inc
Trustees Club
$500 to $999
ACA Waste Services, Inc.
ADA Construction Corp.
A.D.E. Systems Inc.
Air Control Supply
Alumni Association
American Maintenance Inc.
Angelica Nurseries Inc.
Apollo HVAC Corp.
Boyd Coffey & Sons Nurseries, Inc.
Commerce Bank
Deidre E. Happ
Douglas Baena
EOC (Farmingdale)
Eugene Wesnofske
Farad Concrete Corp.
Friends of Steve Bellone
Fuschetto & Son, Inc.
Hartcorn Plumbing & Heating Inc.
Huntington Town Democratic Committee
John W. Hadden
Judith Friedman
Marcum LLP
May Nursery Inc.
Michael O’Rourke
Plant Health Care, Inc.
Posillico
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17
H onor R oll
of
E xternal D onors (C ontinued)
Robert Hoppenstedt
SBDC (Farmingdale)
School Business Partnerships of LI
Searles Graphics Inc.
Silvestri Landscape
Suffolk County Democratic Committee
TD Bank
Ward Associates, PC
Presidents Club
$250 to $499
Albrecht, Viggiano, Zurech & Co., P.C.
Allison Brennan
Anthony Falcone
Carole Bissett
Cecilia Lema-Males
Christine E. Gore
Do Joon Ahn
Donna M. Wang
Eberhard-Voelim Nurseries, Inc.
Hopewell Nursery Inc.
Jacqueline Miller
Kathleen Manganaro
Monika Plonski
Paul K. Maloney
PS&S NY, Inc.
Ted Kasnicki
Rebecca Brandenburg
Salvatore Ferro
Salvatore Grippaldi
Saperstone Family
School of Business
Stephen A. Bucaria
Thomas A. Bucaria
Victor & Myra Breitburg
Patron
$100 to $249
Alfonso Santellan
Apex Environmental Solutions,Inc.
Arlyne Skolnik
18
n
Bradley Weiner
Brandy Seadorf
Cheryl R. Canton
Christine Kroeber
Colleen Jones
Daniel DiTonno
DSSD, Inc.
Green Earth Garden Supply
Gregg J. Adwar
George P. Rainer
Grokind Organics, Inc.
James Durant
Jane Plato
John Selden
Judith Stoll
Kacey McDonald
Kathleen Ferrell
Kathleen Piciullo
Kenny Moskowitz
Lura Salm
Marlene Sanmiguel Groner
Mary A. Fallon
MaryEllen Martino
Matinecock Garden Club
Melissa Maricanco
NY Prime Foods
(Island Food Sales Corp.)
NYP Corp.
Organically Green Inc.
Pearl M. Kamer
Pam Penta
Patricia Hill Williams, EdD
Paul & Barbara Copbianco
Paul F. Caroleo
Paul Scott
Raymond McGale
Richard Duncan
Robert Stricoff
Robert VanNostrand
Rollin Thunder Performance Center
Susan Wagner
Sylvester Curreri
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Tracey Gittere Communications
Virginia McClendon
Zorn’s Poultry Farms, Inc.
Donors Club
up to $99
Brendan Sullivan
Carol M. Nunziato
Dianne C. Baumert-Moyik
Harold Rothman
Joan Steinle
Laura L. Weill
Michele Kerstein
Miriam Itzkowitz
Monte Rivera
Allison Saavedra
Annmarie Lindau
Bahman Azmodeh
Evan Cooper
Evan Goldstein
Hillary Needle
Kenneth & Linda Calamia
Linda Diaz
Loucas Chrysafi
Maria Figueroa
Myrna Solomon-D’Amico
Richard G. Leininger
Rita & Gene Lit
Tom Barta
Laura N. Grossé
Wendy S. Lappe
Please note: Every attempt has been
made to ensure the accuracy of these
lists.
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Farmingdale C ollege Foundation
Statement of F inancial Position - June 30, 2009
2009
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
$530,926
$1,534,929
$882,717
$2,948,572
Accounts receivable
31,215
12,147
11,035
54,397
Prepaid expenses
37,400
-
-
37,400
-
494,944
5,936
500,880
599,541
2,042,020
899,688
3,541,249
242,942
-
-
242,942
Less: accumulated depreciation
(40,764)
-
-
(40,764)
Total Fixed Assets
202,178
-
-
202,178
-
21,587
-
21,587
$801,719
$2,063,607
$899,688
$3,765,014
$53,216
-
-
$53,216
27,000
-
-
27,000
80,216
-
-
80,216
721,503
2,063,607
899,688
3,684,798
$801,719
$2,063,607
$899,688
$3,765,014
Assets
CURRENT ASSETS
Cash and cash equivalents
Short term investments
Total Current Assets
Fixed Assets
Equipment
Other assets
Investments held by SUNY
Total Assets
Liabilities and net assets
CURRENT LIABILITIES
Accounts payable
Refundable advances
Total Current Liabilities
Net Assets
Total Liabilities and Net Assets
20
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Farmingdale C ollege Foundation
Statement of Activities - June 30, 2009
2009
Unrestricted
Change In Net Assets
Revenue And Other Support
Special functions:
Golf outing
Garden party
Gardens at Farmingdale
Gala Fall
Horticulture arts and crafts fair
Contributions:
Major gift campaign
Scholarships
General
Campaign for Farmingdale:
Scholarships
Faculty/Development & research
Historic renovation
Tech support services/equipment
Campus beautification
In-kind, equipment and supplies
Interest income
Net assets released from restrictions:
Satisfaction of program restrictions
Total Revenue and other support
Expenses
Special events
Campus programs
Management and general
Scholarships and awards
Total Expenses
Increase (decrease) in net assets
Net assets at beginning of year
Net assets at end of year
$116,172
141,115
-
Temporarily
Restricted
$
Permanently
Restricted
1,500
70,007
$
Total
-
$116,172
1,500
141,115
70,007
8,523
151,680
437,001
219,408
104,527
1,475
550,051
372,563
224,642
9,278
966
3,042
1,319
40,354
-
966
3,042
1,319
224,642
49,632
329,764
(329,764)
-
-
981,174
443,833
106,002
1,531,009
151,293
402,851
131,247
123,190
808,581
172,593
548,910
$721,503
443,833
1,619,774
$2,063,607
106,002
793,686
$899,688
151,293
402,851
131,247
123,190
808,581
722,428
2,962,370
$3,684,798
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Farmingdale C ollege Foundation
Statement of Cash F lows - June 30, 2009
2009
Cash flows from operating activities:
Cash received from contributions and donations
Cash received from special functions
Cash received from interest income
Total cash received
Cash paid for payroll and related labor costs
Cash paid to suppliers and award recipients
Total cash paid
Net cash provided by operating activities
Cash flows from investing activities:
Cash paid for investments
Net cash used by investing activities
Increase (decrease) in cash
Cash at beginning of year
Cash at end of year
$927,941
316,322
49,632
1,293,895
110,561
715,854
826,415
467,480
(495,096)
(495,096)
(27,616)
$2,976,188
$2,948,572
Net cash provided by operating activities
Increase in Net Assets
Adjustments to reconcile increase in net assets
to net cash provided by operating activities:
Depreciation
In Kind donations
Change in assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
Prepaid expenses
Assets held by others
Increase (decrease) in liabilities:
Accounts payable
Refundable advances
Net cash provided by operating activities
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$722,428
22,464
(224,642)
(12,472)
(37,400)
(21,587)
(8,311)
27,000
$467,480
Notes
to
F inancial Statements
Year Ended June 30, 2009
1. Background and summary of significant accounting policies:
Background:
The Farmingdale College Foundation is a not-for-profit corporation established under the laws of the State of New
York and is exempt from income taxes under section 501(c) (3) of the Internal Revenue Code. The general purpose of
the Foundation is to assist in advancing the welfare and development of the State University of New York College of
Technology at Farmingdale. This is to be accomplished by gifts, grants and bequests of money and property to provide
financial assistance to college faculty, students, staff and programs in a manner consistent with the educational policies of
the State University of New York.
Basis of accounting:
The Foundation maintains its books and records on the accrual basis of accounting. Accordingly, revenue is
recognized when earned and expenses are recognized when incurred.
Use of estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly,
actual results could differ from those estimates.
Gifts and support:
The Foundation reports gifts of cash and other assets as either unrestricted, temporarily restricted, or permanently
restricted net assets.
Basis of presentation:
The Foundation presents its financial statements in accordance with Statement of Financial Accounting Standards
(“SFAS”) No. 117, Financial Statements of Not-For-Profit Organizations. SFAS No. 117 requires that the Foundation’s
financial statements distinguish between unrestricted, temporarily restricted and permanently restricted net assets
and changes in net assets, as follows:
Unrestricted net assets:
May be used at the discretion of the Foundation’s Board of Directors.
Temporarily restricted net assets:
May be used in accordance with donor directives and restrictions. When a donor restriction expires, that
is, when a stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted
net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets
released from restrictions.
Permanently restricted net assets:
Permanently restricted net assets are those resulting from contributions whose use by the Foundation is limited
by donor imposed restrictions that neither expire by the passage of time nor can be fulfilled or otherwise removed
by actions of the Board of Directors. Present permanently restricted net assets are comprised of endowed funds,
the income from which is to be used for scholarships.
Fa r mi ngda l e C oll ege Fou n dat ion
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Notes
to
F inancial Statements (C ontinued)
Cash and cash equivalents:
Cash and cash equivalents represents cash held in banks, money market accounts held by investment brokers, and
short-term investments. The Foundation considers all short-term investments with maturity of three months or less
to be cash equivalents.
Expenses:
Expenses are allocated into functional categories depending upon the ultimate purpose of the expenditure. The
Foundation also presents a statement of cash flows in accordance with SFAS No. 117.
Fixed assets:
Fixed assets are recorded at cost or current fair value for donated items. Maintenance and repairs are expensed as
incurred. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.
2.Concentration of credit and market risk:
The Foundation’s financial instruments consist of cash and accounts receivable. At June 30, 2009 and 2008, the
Foundation had funds deposited with various local banking institutions. One of the institutions protects deposits in
excess of federally insurance limits via repurchase agreements. At June 30, 2009 and 2008 the amounts in excess of
federally insured limits were $2,690,798 and $2,176,636 respectively.
3.Reclassifications:
The financial statements for 2008 have been restated to conform to the 2009 presentation format. This change did
not impact the 2008 change in net assets.
4.Investment held by SUNY:
Investment held by SUNY is comprised of pooled investable assets held by the University of Buffalo Foundation
with a market value of $21,587 as of June 30, 2009. Distributions from this portfolio will be received at a later but
unspecified point in time.
5.Short term investments:
The Foundation invests cash in excess of daily requirements in short-term investments. At June 30, 2009 and 2008
$500,880 and $5,784 respectively was deposited in 12 month certificates of deposit, and during the years earned
$5,096 and $238 respectively. The investments are held in two investment pools. One pool is for permanent
endowments and the other is for temporarily restricted accounts.
24
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The Office of
Development and Corporate Relations
at Farmingdale State College
Henry Sikorski, PhD
Chief Development Officer
Design and Production:
Office for Institutional Advancement,
Farmingdale State College
Photography:
John Boles, Northrop Grumman
Fred Bruder, Rainbow Photo
Jonathan Goldstein, Farmingdale State College
Jennifer Wilbur, Farmingdale State College
2350 B roa dholl ow Roa d
n
Fa r m i ngda l e, New Yor k 11735-1021
n
631-420-2142
n
w w w.fa r mi ngda l e.edu