Dowling College
- Assets
- $319.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Massapequa, NY
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 11-2157078
Organization Overview
Dowling College is located in Massapequa, NY. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dowling College 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 06/2022, Dowling College generated $129.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (57.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PERSUANT TO SECTION 555 OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW AND SECTION 8-1.1 OF THE ESTATES, POWERS AND TRUSTS LAW OF THE STATE OF NEW YORK AND APPROVAL FROM THE OFFICE OF THE NEW YORK STATE ATTORNEY GENERAL, CHARITIES BUREAU, DOWLING TRANSFERRED ALL OF ITS ENDOWMENT BALANCE TO APPROVED COLLEGES IN PRIOR YEARS.
DURING FISCAL YEAR ENDED JUNE 30, 2021, PURSUANT TO SECTION 555 OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW AND SECTION 8-1.1 OF THE ESTATES, POWERS AND TRUSTS LAW OF THE STATE OF NEW YORK AND APPROVAL FROM THE OFFICE OF THE NEW YORK STATE ATTORNEY GENERAL, CHARITIES BUREAU, DOWLING COLLEGE TRANSFERRED $990,350.08 IN ENDOWMENT BALANCES TO THE FOLLOWING COLLEGES:SUFFOLK COUNTY COMMUNITY COLLEGE - $934,225SIENA COLLEGE - $25,000OLD WESTBURY COLLEGE FOUNDATION, INC. - $ 31,126
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Puorro Chairman To 1/14/19 | OfficerTrustee | 2 | $0 |
Gerald J Curtin Vice Chairman To 1/14/19 | OfficerTrustee | 2 | $0 |
Patricia M Blake Trustee To 1/14/19 | Trustee | 2 | $0 |
Dennis O'doherty Trustee To 1/14/19 | Trustee | 2 | $0 |
Jack O'connor Trustee To 1/14/19 | Trustee | 2 | $0 |
Joseph K Posillico Trustee To 1/14/19 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Klestadt Winters Jurella Legal | 6/29/20 | $684,350 |
Outten & Golden Llp Legal | 6/29/20 | $360,000 |
Rsr Consulting Llc Plan Adminstrator | 6/29/20 | $239,526 |
Silverman Acampora Llp Legal | 6/29/20 | $152,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $146 |
| Gain or Loss | $85,650 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $43,648 |
| Total Revenue | $129,444 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $101,580 |
| Occupancy, rent, utilities, and maintenance | $37,472 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,157 |
| Total expenses | $1,130,559 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $319,942 |
| Other assets | $0 |
| Total assets | $319,942 |
| Total liabilities | $186,735 |
| Net assets or fund balances | $133,207 |
Grants Awarded
Over the last fiscal year, Dowling College has awarded $582,842 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S COLLEGE PURPOSE: TRANSFER OF CRAIG, FITZSIMMONS & MICHAELS ACCOUNTING SCHOLARSHIP FUND | $24,430 |
SUFFOLK COUNTY COMMUNITY COLLEGE PURPOSE: TRANSFER OLDER SCHOLARSHIPS AND WOMEN DECISION IN COMMERCE SCHOLARSHIP FUND | $558,412 |