Fiorello H Laguardia Community College Auxiliary Enterprises Corp
- Assets
- $7.9m
- Revenue
- $1.4m
- Investments
- $5.6m
- Employees
- 47
- Location
- Long Island City, NY
- Founding
- 01/1992
- Data as of
- 06/2021
- EIN
- 11-3077745
Organization Overview
Fiorello H Laguardia Community College Auxiliary Enterprises Corp is located in Long Island City, NY. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Fiorello H Laguardia Community College Auxiliary Enterprises Corp employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiorello H Laguardia 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 06/2021, Fiorello H Laguardia Community College Auxiliary Enterprises Corp generated $1.4m 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 (10.0%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
2021
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 FIORELLO H. LAGUARDIA COMMUNITY COLLEGE'S CAMPUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES PARKING FACILITIES, SUPPORT FOR THE FOOD AND VENDING SERVICES, AND DEVELOPS AND CULTIVATES EDUCATIONAL AND SOCIAL ACTIVITIES, INCLUDING BUT NOT LIMITED TO COMMUNITY FUNCTIONS SUCH AS RECREATIONAL SWIMMING POOL ACTIVITIES AND THEATER, FOR THE BENEFIT OF THE CAMPUS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Naksh - Jarrett Chairperson | OfficerTrustee | 1 | $0 |
Shahir Erfan Secretary | OfficerTrustee | 1 | $0 |
Nancy Palma Treasurer | OfficerTrustee | 1 | $0 |
Francine White Director | Trustee | 1 | $0 |
Edward Goodman Director | Trustee | 1 | $0 |
Unn Hidle Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herman Miller Inc Renovations - Business Educ Ctr & Cafeti | 6/29/18 | $227,581 |
Barclays Center Aeg Management License And Expense Fees For The 2017 Gr | 6/29/18 | $202,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,095 |
| Investment income | $87,976 |
| Tax Exempt Bond Proceeds | $2,196 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,357,612 |
| 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 | $230,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,339 |
| Payroll taxes | $0 |
| Fees for services: Management | $39,186 |
| Fees for services: Legal | $3,000 |
| 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 | $37,220 |
| Advertising and promotion | $360 |
| Office expenses | $0 |
| Information technology | $11,057 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,844 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,431,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,062 |
| Savings and temporary cash investments | $468,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $461,118 |
| 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 | $5,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,649,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,889 |
| Total assets | $7,883,006 |
| Accounts payable and accrued expenses | $50,182 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,419,794 |
| 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 | $30,000 |
| Total liabilities | $80,182 |
| 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 | $7,802,824 |
Grants Awarded
Over the last fiscal year, Fiorello H Laguardia Community College Auxiliary Enterprises Corp has awarded $535,481 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIORELLO H LAGUARDIA COMMUNITY COLLEGE PURPOSE: SUPPORT COLLEGE OPERATIONS/OFFSET EXPENSES | $35,481 |
FIORELLO H LAGUARDIA COMMUNITY COLLEGE PURPOSE: AWARD/TUITION WAIVER | $500,000 |