Lehman College Auxiliary Enterprises Corp
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 166
- Location
- Bronx, NY
- Founding
- 10/1985
- Data as of
- 06/2024
- 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 06/2024, Lehman College Auxiliary Enterprises Corp employed 166 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 06/2024, Lehman College Auxiliary Enterprises Corp generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 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
2024
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.
OTHER STUDENT PROGRAMS: OTHER PROGRAMS AND SERVICES FOR STUDENTS.
THE OFFICE OF CAMPUS ACTIVITIES IS RESPONSIBLE FOR THE COMPREHENSIVE ADMINISTRATION OF THE LEHMAN COLLEGE AUXILIARY ENTERPRISE. THIS INCLUDES MANAGING THE DAY-TO-DAY OPERATIONS AND PROVIDING THOROUGH ADMINISTRATIVE OVERSIGHT AND REPORTING FOR ALL AUXILIARY ACTIVITIES. KEY AREAS UNDER THEIR PURVIEW INCLUDE PARKING SERVICES, CAFETERIA OPERATIONS, AND OTHER AUXILIARY FUNCTIONS THAT SUPPORT THE COLLEGE COMMUNITY. THEIR PRIMARY RESPONSIBILITY IS TO ENSURE EFFICIENT AND EFFECTIVE MANAGEMENT SUPPORT FOR THESE PROGRAMS, ENSURING THEY ALIGN WITH THE COLLEGE'S GOALS AND STANDARDS. ADDITIONALLY, THEY HANDLE COORDINATION WITH VARIOUS DEPARTMENTS, COMPLIANCE WITH REGULATIONS, AND CONTINUOUS IMPROVEMENT OF SERVICES TO ENHANCE THE OVERALL CAMPUS EXPERIENCE.
PERFORMING ARTS: EXPENSES AND REVENUES RELATED TO LEHMAN THEATRE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hashim Abdul Board Member | Trustee | 1 | $0 |
Steve Antonio Board Member | Trustee | 1 | $0 |
Mathilda Asemota Board Member | Trustee | 1 | $0 |
Katherine Burt Board Member | Trustee | 1 | $0 |
Asif Chowdhury Board Member | Trustee | 1 | $0 |
Richard Finger Board Member | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $872,273 |
| Investment income | $62,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,226 |
| Net Rental Income | $111,639 |
| Net Gain/Loss on Asset Sales | $866 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,218,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,120 |
| Fees for services: Accounting | $18,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487,663 |
| Advertising and promotion | $11,436 |
| Office expenses | $43,388 |
| Information technology | $7,207 |
| Royalties | $0 |
| Occupancy | $80,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $398 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,971 |
| Insurance | $11,242 |
| All other expenses | $47,724 |
| Total functional expenses | $1,296,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,194,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,541 |
| 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 | $13,078 |
| Net Land, buildings, and equipment | $46,995 |
| Investments—publicly traded securities | $557,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,208 |
| Total assets | $4,237,929 |
| Accounts payable and accrued expenses | $224,013 |
| Grants payable | $0 |
| Deferred revenue | $4,491 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $61,692 |
| 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 | $191,909 |
| Total liabilities | $482,105 |
| 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 | $46,995 |
| Retained earnings, endowment, accumulated income, or other funds | $3,708,829 |
| Total liabilities and net assets/fund balances | $4,237,929 |