The College Of Staten Island Foundation Inc
- Assets
- $18.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Staten Island, NY
- Founding
- 01/1993
- Data as of
- 06/2022
- 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 06/2022, College Of Staten Island Foundation Inc employed 14 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 06/2022, College Of Staten Island Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.2% 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 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 NURSING AND SUPPORT FOR THE LIBRARY.
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.
TO ASSIST THE COLLEGE OF STATEN ISLAND WITH ENHANCING RESOURCES, PROVIDING FACILITIES WITH THE NECESSARY FUNDS TO PURCHASE JOHN DEERE VEHICLES AND CLUB CARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolores N Morris Secretary | OfficerTrustee | 2 | $0 |
Frank Lombardo Treasurer | OfficerTrustee | 2 | $0 |
Joseph Franzese President | OfficerTrustee | 4 | $0 |
Robert A Catalano Vice President | OfficerTrustee | 2 | $0 |
Kim A Williams ESQ Executive Director | Officer | 10 | $0 |
Comfort Asanbe Director (ex-Officio) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,743 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,186,633 |
| Noncash contributions included in lines 1a–1f | $7,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,201,376 |
| Total Program Service Revenue | $0 |
| Investment income | $341,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,072,028 |
| Net Income from Fundraising Events | $31,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,646,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $596,540 |
| 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 | $221,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,044 |
| Payroll taxes | $5,210 |
| Fees for services: Management | $5,795 |
| 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 | $188,577 |
| Fees for services: Other | $66,370 |
| Advertising and promotion | $35,655 |
| Office expenses | $0 |
| Information technology | $36,819 |
| 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 | $30,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,224 |
| All other expenses | $72,267 |
| Total functional expenses | $1,493,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,044,131 |
| Pledges and grants receivable | $111,712 |
| Accounts receivable, net | $148,119 |
| 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 | $18,456 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,618,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,031 |
| Total assets | $18,944,144 |
| Accounts payable and accrued expenses | $448,030 |
| Grants payable | $0 |
| Deferred revenue | $31,601 |
| 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 | $21,863 |
| Total liabilities | $501,494 |
| Net assets without donor restrictions | $1,089,115 |
| Net assets with donor restrictions | $17,353,535 |
| 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 | $18,944,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The College Of Staten Island Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Berman Foundation Inc Staten Island, NY PURPOSE: COMMUNITY PROGRAMS | $1,000 |
Endowment Analysis
| Beg. Balance | $17,957,692 |
| Earnings | -$2,509,178 |
| Admin Expense | $356,011 |
| Net Contributions | $200,456 |
| Other Expense | $112,007 |
| Grants | $157,290 |
| Ending Balance | $15,023,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |