City College Fund
- Assets
- $0.0
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1948
- Data as of
- 06/2021
- EIN
- 13-1760098
Organization Overview
City College Fund is located in New York, NY. The organization was established in 1948. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. City College Fund 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, City College Fund generated $3.6m 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 (14.8%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, City College Fund has awarded 17 individual grants totaling $11,870,151. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CITY COLLEGE FUND IS A NONPROFIT ORGANIZATION DEDICATED TO HELPING THE CITY COLLEGE OF NEW YORK BY RAISING FUNDS FOR VARIOUS PROGRAMS OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE CITY COLLEGE OF NEW YORK IN THE MISSION TO PROVIDE ACCESS AND EXCELLENCE IN HIGHER EDUCATION PARTICULARLY TO STUDENTS WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD TO GO TO COLLEGE.DURING FISCAL YEAR 2021, THE OGANIZATION MERGED WITH CITY COLEGE 21ST CENTURY FOUNDATION, AND BECAME A NEW ENTITY UNDER THE NEW NAME OF FOUNDATION FOR CITY COLLEGE EFFECTIVE ON 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Vincent Boudreau President | OfficerTrustee | 1 | $0 |
Martin Cohen Chair Person | OfficerTrustee | 1 | $0 |
Vivien Clark Secretary | OfficerTrustee | 1 | $0 |
Felix Lam CFO | Officer | 10 | $0 |
Dolski Mozeleski Executive Director | Officer | 10 | $0 |
Devin Voorsanger Director Of Zahn Center (outgoing) | Officer | 40 | $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 | $768,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,815 |
| Total Program Service Revenue | $0 |
| Investment income | $2,406,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,620,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,790 |
| Grants and other assistance to domestic individuals. | $1,122,767 |
| 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 | $321,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,526 |
| Payroll taxes | $46,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,475 |
| Fees for services: Accounting | $3,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,085 |
| Fees for services: Other | $112,923 |
| Advertising and promotion | $0 |
| Office expenses | $55,128 |
| Information technology | $888 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,522 |
| All other expenses | $2,194 |
| Total functional expenses | $2,043,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, City College Fund has awarded $251,790 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SPONSORSHIP | $218,712 |
New York, NY PURPOSE: SPONSORSHIP | $22,289 |
CITY COLLEGE OF NEW YORK PURPOSE: SPONSORSHIP | $10,789 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City College Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Charles Grunfeld Foundation Inc Jackson, NJ PURPOSE: SCHLORSHIP/EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $62,475,530 |
| Earnings | $7,530,231 |
| Net Contributions | $827,284 |
| Other Expense | $70,833,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |