Lehman College Auxiliary Enterprises Corp
- Assets
- $3.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Bronx, NY
- Founding
- 10/1985
- Data as of
- 06/2021
- EIN
- 13-2608471
Organization Overview
Lehman College Auxiliary Enterprises Corp is located in Bronx, NY. The organization was established in 1985. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Lehman College Auxiliary Enterprises Corp employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehman 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, Lehman College Auxiliary Enterprises Corp generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $986.9k during the year ending 06/2021. 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 ENTERPRISES, SUCH AS FOOD SERVICES, PARKING FACILITIES, A BOOKSTORE, ETC., FOR THE BENEFIT OF THE HERBERT H. LEHMAN COLLEGE'S CAMPUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKING SERVICES: PARKING IS PROVIDED TO FACULTY, STAFF, STUDENTS, AND FOR SPECIAL EVENTS.
STUDENT HOUSING: STUDENT HOUSING IS OFFERED TO LEHMAN COLLEGE STUDENTS ONLY. TO QUALIFY, UNDERGRADUATE STUDENTS MUST BE REGISTERED FOR A MINIMUM OF 12 CREDITS, AND GRADUATE STUDENTS MUST BE REGISTERED FOR A MINIMUM OF SIX CREDITS. THE COST OF HOUSING TO THE STUDENTS RANGES FROM $10,296 TO $12,908 ANNUALLY.
PERFORMING ARTS: EXPENSES AND REVENUES RELATED TO LEHMAN THEATRE EVENTS.
PARKING SERVICES: PARKING IS PROVIDED TO FACULTY, STAFF, STUDENTS, AND FOR SPECIAL EVENTS.
STUDENT HOUSING: STUDENT HOUSING IS OFFERED TO LEHMAN COLLEGE STUDENTS ONLY. TO QUALIFY, UNDERGRADUATE STUDENTS MUST BE REGISTERED FOR A MINIMUM OF 12 CREDITS, AND GRADUATE STUDENTS MUST BE REGISTERED FOR A MINIMUM OF SIX CREDITS. THE COST OF HOUSING TO THE STUDENTS RANGES FROM $10,296 TO $12,908 ANNUALLY.
PERFORMING ARTS: EXPENSES AND REVENUES RELATED TO LEHMAN THEATRE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jada Quinland Board Member | Trustee | 1 | $2,695 |
Katherine Ramirez Board Member | Trustee | 1 | $2,261 |
Karen Britt Board Member | Trustee | 1 | $1,050 |
Reine Sarmiento Secretary | OfficerTrustee | 1 | $0 |
Rene Rotolo Chair | OfficerTrustee | 3 | $0 |
Peter Nwosu Vice Chair | OfficerTrustee | 1 | $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 | $1,801,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,514 |
| Total Program Service Revenue | $143,475 |
| Investment income | $8,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,988 |
| Net Rental Income | $13,819 |
| Net Gain/Loss on Asset Sales | $4,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,093,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,834 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,019 |
| Fees for services: Management | $11,770 |
| Fees for services: Legal | $24,950 |
| Fees for services: Accounting | $25,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $509,793 |
| Advertising and promotion | $14,749 |
| Office expenses | $30,346 |
| Information technology | $5,295 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,169 |
| Insurance | $15,598 |
| All other expenses | $217,714 |
| Total functional expenses | $986,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $847,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $242,695 |
| 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 | $76,032 |
| Net Land, buildings, and equipment | $188,655 |
| Investments—publicly traded securities | $523,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,681,101 |
| Total assets | $3,559,629 |
| Accounts payable and accrued expenses | $49,348 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,056 |
| 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 | $290,876 |
| Total liabilities | $371,280 |
| 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 | $188,655 |
| Retained earnings, endowment, accumulated income, or other funds | $2,999,694 |
| Total liabilities and net assets/fund balances | $3,559,629 |
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