The City College 21st Century Foundation Inc
- Assets
- $0.0
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 92
- Location
- New York, NY
- Founding
- 03/1997
- Data as of
- 06/2021
- EIN
- 13-3850823
Organization Overview
The City College 21st Century Foundation Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, City College 21st Century Foundation Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City College 21st Century 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 06/2021, City College 21st Century Foundation Inc generated $28.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $15.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, City College 21st Century Foundation Inc has awarded 50 individual grants totaling $32,154,566. 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
AN EDUCATIONAL FOUNDATION SUPPORTING STUDENTS AND PROGRAMS OF THE CITY COLLEGE OF NEW YORK, CITY UNIVERSITY OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAMS - PROVIDING SCHOLARSHIPS FOR CITY COLLEGE STUDENTS.
COLLEGE ACTIVITIES SUPPORTING PROGRAMS - PROVIDING SUPPORT TO STUDENTS, FACULTY, AND PROGRAMS WITHIN CITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivien R Clark Secretary | OfficerTrustee | 1 | $0 |
Martin Cohen Chairperson | OfficerTrustee | 1 | $0 |
Dr Vince Boudreau Board Member | OfficerTrustee | 1 | $0 |
Doliski Mozeliski Executive Dir | Officer | 10 | $0 |
Felix Lam CFO | Officer | 10 | $0 |
Peter Zahn Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Investment Advisors Financial Services | 6/29/21 | $201,359 |
Sanky Communications Consulting Service | 6/29/21 | $336,402 |
Blackbaud Inc Computer System And Consulting Service | 6/29/21 | $169,754 |
Drishti Solutions Llc Consulting Service | 6/29/21 | $120,000 |
Association Of College And University Ed Consulting Service | 6/29/21 | $100,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,328,407 |
| Noncash contributions included in lines 1a–1f | $239,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,365,070 |
| Total Program Service Revenue | $0 |
| Investment income | $5,888,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,445,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,050,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,242,478 |
| Grants and other assistance to domestic individuals. | $3,766,681 |
| 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 | $2,106,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,157 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,891 |
| Fees for services: Accounting | $41,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $201,859 |
| Fees for services: Other | $1,537,699 |
| Advertising and promotion | $48,516 |
| Office expenses | $175,081 |
| Information technology | $2,451 |
| Royalties | $0 |
| Occupancy | $7,875 |
| Travel | $61,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,005 |
| All other expenses | $0 |
| Total functional expenses | $15,069,649 |
| 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, The City College 21st Century Foundation Inc has awarded $6,229,741 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SPONSORSHIP | $5,742,757 |
THE CITY COLLEGE OF NEW YORK PURPOSE: SUBRECIPIENT | $481,984 |
New York, NY PURPOSE: SPONSORSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The City College 21st Century Foundation Inc has recieved totaling $355,255.
| Awarding Organization | Amount |
|---|---|
Thomas W Smith Foundation Boca Raton, FL PURPOSE: EDUCATION | $260,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $41,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $23,000 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,750 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $7,500 |
Endowment Analysis
| Beg. Balance | $198,136,201 |
| Earnings | $41,624,603 |
| Net Contributions | $14,414,022 |
| Other Expense | $250,408,145 |
| Grants | $3,766,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |