Kingsborough Community College Auxiliary Enterprises Corp
- Assets
- $4.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/1994
- Data as of
- 06/2024
- EIN
- 11-3022873
Organization Overview
Kingsborough Community College Auxiliary Enterprises Corp is located in Brooklyn, NY. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsborough Community College Auxiliary Enterprises Corp 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 06/2024, Kingsborough Community College Auxiliary Enterprises Corp generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AUXILIARY SERVICES, SUCH AS FOOD SERVICES, PARKING FACILITIES, A BOOKSTORE, ETC., FOR THE BENEFIT OF THE CAMPUS COMMUNITY OF KINGSBOROUGH COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
PUBLIC SERVICE - TO PROVIDE FUNDING FOR FACILITY USAGE, LICENSING FEES, COMMUNITY CULTURAL EVENTS, THE SUMMER BEACH PROGRAM, AND HOSPITALITY FOR THE COLLEGE AND COLLEGE COMMUNITY.HOMECOMING EVENT - TO PROVIDE FUNDING FOR AN ANNUAL HOMECOMING EVENT TO INVITE ALUMNI, STUDENTS, STAFF, FACULTY, AND THE COMMUNITY AT LARGE.
PERFORMING ARTS - THE AUXILIARY ALLOCATES FUNDS TO SUPPORT THE COLLEGE'S CULTURAL AND ARTISTIC PROGRAMS. VARIOUS PROGRAMS THROUGHOUT THE YEAR INCLUDE MUSICAL PERFORMANCES, A SUMMER CONCERT SERIES, AN ADULT THEATRICAL PROGRAM, AND A CHILDREN'S THEATER.PERFORMING ARTS REVENUE DECREASED BECAUSE OF THE VACANCY IN THE EXECUTIVE DIRECTOR OF OSK WHICH RESULTED IN NO PROGRAMMING FOR FISCAL YEAR 2024.
PARKING - THE AUXILIARY PROVIDES FUNDING FOR SECURITY AND MISCELLANEOUS EXPENSES ASSOCIATED WITH THE MAINTENANCE OF AN ON-CAMPUS PARKING FACILITY AS WELL AS THE RENTAL OF AN OFF-CAMPUS FACILITY THAT PROVIDES ADDITIONAL PARKING FOR STUDENTS DURING PEAK ENROLLMENT PERIODS.
OTHER ACTIVITIES IN SUPPORT OF THE COLLEGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Rios Chairperson (to Apr '24) | OfficerTrustee | 2 | $0 |
Edwisimone Rodriguez Vice Chair/current Chair | OfficerTrustee | 2 | $0 |
Judith Cohen Secretary | OfficerTrustee | 2 | $0 |
Anthony Marzuillo Director | Trustee | 0.5 | $0 |
Julie Turley Director | Trustee | 0.5 | $0 |
Tziporah Stern Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $663,854 |
| Investment income | $52,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,063 |
| Net Rental Income | $251,203 |
| Net Gain/Loss on Asset Sales | $22,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,153 |
| Fees for services: Legal | $12,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,878 |
| Advertising and promotion | $17,303 |
| Office expenses | $47,923 |
| Information technology | $757 |
| Royalties | $0 |
| Occupancy | $8,825 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,796 |
| Insurance | $8,034 |
| All other expenses | $54,958 |
| Total functional expenses | $1,071,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,505 |
| Savings and temporary cash investments | $1,044,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,143 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,543 |
| Investments—publicly traded securities | $1,674,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,066 |
| Total assets | $4,147,145 |
| Accounts payable and accrued expenses | $76,898 |
| Grants payable | $0 |
| Deferred revenue | $26,525 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $153,065 |
| 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 | $345,814 |
| Total liabilities | $602,302 |
| 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 | $5,543 |
| Retained earnings, endowment, accumulated income, or other funds | $3,539,300 |
| Total liabilities and net assets/fund balances | $4,147,145 |