Fiorello H Laguardia Community College Foundation
- Assets
- $17.6m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 11-3623769
Organization Overview
Fiorello H Laguardia Community College Foundation is located in Long Island City, NY. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Fiorello H Laguardia Community College Foundation 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, Fiorello H Laguardia Community College Foundation generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENCOURAGE THE STUDENTS OF LAGUARDIA COMMUNITY COLLEGE IN THEIR ACADEMIC ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND ADVANCE THE EDUCATION, RESEARCH, AND PUBLIC SERVICE MISSION OF FIORELLO H. LAGUARDIA COMMUNITY COLLEGE BY FUNDING SCHOLARSHIPS AND AWARDS AND PROVIDING ACADEMIC PROGRAMS FOR THE BENEFIT OF ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzie Scanlon ESQ Chair | OfficerTrustee | 2 | $0 |
Ernest Von Simson Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Adams President | OfficerTrustee | 2 | $0 |
Joel Glasky Vice Chair | OfficerTrustee | 2 | $0 |
Laura Bartovics Interim Executive Director | OfficerTrustee | 2 | $0 |
Gail S Landis Board Member | Trustee | 2 | $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 | $10,685,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,685,157 |
| Total Program Service Revenue | $0 |
| Investment income | $111,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $222,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,018,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,945,464 |
| 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 | $614,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $135,675 |
| Advertising and promotion | $0 |
| Office expenses | $1,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,954 |
| All other expenses | $49,128 |
| Total functional expenses | $5,114,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,907,900 |
| Savings and temporary cash investments | $1,931,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,233,872 |
| 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 | $419,088 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,137,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,629,833 |
| Accounts payable and accrued expenses | $292,172 |
| Grants payable | $0 |
| Deferred revenue | $102,305 |
| 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 | $0 |
| Total liabilities | $394,477 |
| Net assets without donor restrictions | $9,950,521 |
| Net assets with donor restrictions | $7,284,835 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,629,833 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Fiorello H Laguardia Community College Foundation has recieved totaling $1,010,145.
| Awarding Organization | Amount |
|---|---|
Robert David Lion Gardiner Foundation Inc Hampton Bays, NY PURPOSE: 2021 GRANT AWARD 1 OF 4 | $340,000 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT PURPOSE: WORKFORCE DEVELOPMENT | $250,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $201,800 |
Raybin Q Wong Foundation White Plains, NY PURPOSE: SCHOLARSHIP & JOB TRAINING | $60,000 |
The Eric Slovin Private Charitable Foundation Brooklyn, NY PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $26,000 |
Endowment Analysis
| Beg. Balance | $3,320,575 |
| Earnings | -$187,377 |
| Net Contributions | $817,785 |
| Other Expense | $41,500 |
| Ending Balance | $3,909,483 |
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 |