Brooklyn College Foundation Inc
- Assets
- $101.3m
- Revenue
- $6.9m
- Investments
- $30.5m
- Employees
- 77
- Location
- Brooklyn, NY
- Founding
- 12/1963
- Data as of
- 06/2020
- EIN
- 11-1904329
Organization Overview
Brooklyn College Foundation Inc is located in Brooklyn, NY. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Brooklyn College Foundation Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Brooklyn College Foundation Inc generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST BROOKLYN COLLEGE BY DEVELOPING AN ONGOING & INCREASING SUPPORT BASE FROM COLLEGE ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22, THE BROOKLYN COLLEGE FOUNDATION GRANTED MORE THAN $5.6 MILLION TO BROOKLYN COLLEGE. THIS INCLUDES OVER $2.6 MILLION AWARDED TO STUDENTS IN THE FORM OF SCHOLARSHIPS, AWARDS AND INTERNSHIPS; AND NEARLY $700,000 IN THE FORM OF PROFESSORSHIPS, LECTURESHIPS, PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Moqtaderi Managing Dir, Campaign & Leadership Gifts | 35 | $187,605 | |
Patricia Allen Associate Director | 35 | $104,412 | |
Martin D Sass Vice-Chair | OfficerTrustee | 2 | $0 |
Evan Silverstein Chair | OfficerTrustee | 2 | $0 |
Ante Basic Treasurer | OfficerTrustee | 2 | $0 |
Carol L Zicklin Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketing Communication Resource Inc Printing & Mail | 6/29/22 | $109,850 |
Ologie Llc Consulting Services | 6/29/22 | $206,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,863,134 |
| Investment income | $1,053,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,018,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,939,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $990,995 |
| Pension plan accruals and contributions | $76,333 |
| Other employee benefits | $167,132 |
| Payroll taxes | $74,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,899 |
| Fees for services: Accounting | $43,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,849 |
| Fees for services: Investment Management | $71,933 |
| Fees for services: Other | $200,953 |
| Advertising and promotion | $4,127 |
| Office expenses | $573,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $93,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,827 |
| All other expenses | $0 |
| Total functional expenses | $7,031,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,260 |
| Savings and temporary cash investments | $842,487 |
| Pledges and grants receivable | $1,907,901 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,384 |
| Investments—publicly traded securities | $66,237,529 |
| Investments—other securities | $30,460,288 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,341,796 |
| Total assets | $101,301,645 |
| Accounts payable and accrued expenses | $2,706,334 |
| Grants payable | $0 |
| Deferred revenue | $251,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $576,244 |
| Total liabilities | $3,534,278 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $97,767,367 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brooklyn College Foundation Inc has recieved totaling $100,350.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Make Great Things Happen Foundation Clifton Park, NY PURPOSE: SUPPORT EDUCATIONAL PROGRAMMING AT BROOKLYN COLLEGE | $350 |
Endowment Analysis
| Beg. Balance | $46,760,579 |
| Earnings | $1,409,185 |
| Net Contributions | $1,730,718 |
| Other Expense | $1,295,183 |
| Ending Balance | $48,605,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |