The College Of Staten Island Foundation Inc
- Assets
- $19.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Staten Island, NY
- Founding
- 01/1993
- Data as of
- 06/2023
- EIN
- 13-3683723
Organization Overview
The College Of Staten Island Foundation Inc is located in Staten Island, NY. The organization was established in 1993. 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, College Of Staten Island Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Staten Island Foundation Inc 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 06/2023, College Of Staten Island Foundation Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING BASE OF SUPPORT FROM ALUMNI AND FRIENDS OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:THESE EXPENSES REPRESENT THE FOUNDATION'S ACCOMPLISHMENTS IN ASSISTING THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING AND INCREASING BASE OF SUPPORT FROM THE COMMUNITY, INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. THROUGH THIS PHILANTHROPIC SUPPORT, THE COLLEGE OF STATEN ISLAND FOUNDATION ALLOWS THE COLLEGE TO EXPAND ITS MARGIN OF EXCELLENCE WHICH ENSURES ITS STUDENTS, FACULTY, AND STAFF THE FINEST ACADEMIC FACILITIES AVAILABLE. SUCH EXAMPLES INCLUDE: THE CHAZANOFF SCHOOL OF BUSINESS EXPENSES RELATED TO THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (ACCSB) ACCREDITATION PROCESS, THE ATHLETICS PROGRAM, INCLUDING UNIFORMS AND TRAVEL RELATED TO PARTICIPATION IN TOURNAMENTS, SUPPORT FOR THE SCHOOL OF HEALTH & SCIENCES, IN PARTICULAR THE DEPARTMENTS FOR SOCIAL WORK AND HEALTH AND HUMAN SERVICES, SUPPORT FOR THE LIBRARY AND FOR SUSTAINABILITY INITIATIVES.
TO ASSIST THE COLLEGE OF STATEN ISLAND WITH ENHANCING RESOURCES, ENROLLMENT INITIATIVES AND PROVIDING PUBLIC SAFETY WITH A NEW VEHICLE.
THESE EXPENSES REPRESENT THE COLLEGE OF STATEN ISLAND FOUNDATION'SENDOWED AND NON-ENDOWED SCHOLARSHIPS AND AWARDS AT THE COLLEGE TOPROVIDE ACCESS TO FINANCIAL ASSISTANCE TO THE MANY QUALIFYING FULL-TIME AND PART-TIME STUDENTS. THE MANY SCHOLARSHIPS ALLOCATED BY THE COLLEGEOF STATEN ISLAND FOUNDATION ENSURE THAT THESE STUDENTS HAVE ACCESS TO AQUALITY HIGHER EDUCATION, REMARKABLE ACHIEVEMENTS, AND A BRIGHTER FUTURE.
THE COLLEGE OF STATEN ISLAND FOUNDATION IS COMMITTED TO SERVING THECOLLEGE COMMUNITY AND ITS WIDE RANGE OF TRADITIONAL AND NON-TRADITIONALSTUDENTS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE IN A TIMELY MANNERTO STUDENTS WHO REQUEST THE EMERGENCY FUNDS THROUGH A CERTIFIEDCOUNSELOR AT THE COLLEGE.IN ADDITION TO FINANCIAL ASSISTANCE, THE COLLEGE OF STATEN ISLAND IS PROVIDING EMERGENCY MEALS THROUGH THE FOOD INSECURITY AND HUNGER INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Catalano Board Vice President | OfficerTrustee | 2 | $0 |
Dolores Morris Secretary | OfficerTrustee | 2 | $0 |
Frank Lombardo Treasurer | OfficerTrustee | 2 | $0 |
Comfort Asanbe (ex-Officio) Director | Trustee | 1 | $0 |
Marilyn Caselli Director | Trustee | 1 | $0 |
Jay Chazanoff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,078 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $613,530 |
| Noncash contributions included in lines 1a–1f | $8,246 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,608 |
| Total Program Service Revenue | $0 |
| Investment income | $543,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,118 |
| Net Income from Fundraising Events | $38,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,224,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $993,036 |
| 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 | $291,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,921 |
| Payroll taxes | $9,993 |
| Fees for services: Management | $6,014 |
| 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 | $145,708 |
| Fees for services: Other | $48,990 |
| Advertising and promotion | $27,617 |
| Office expenses | $0 |
| Information technology | $30,836 |
| 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 | $41,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,282 |
| All other expenses | $127,330 |
| Total functional expenses | $1,956,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,151,207 |
| Pledges and grants receivable | $13,721 |
| Accounts receivable, net | $53,408 |
| 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 | $84,329 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,099,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,140 |
| Total assets | $19,560,960 |
| Accounts payable and accrued expenses | $150,779 |
| Grants payable | $0 |
| Deferred revenue | $686,288 |
| 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 | $166,190 |
| Total liabilities | $1,003,257 |
| Net assets without donor restrictions | $937,874 |
| Net assets with donor restrictions | $17,619,829 |
| 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 | $19,560,960 |