City College Auxilary Enterprises Corporation
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1996
- Data as of
- 06/2021
- EIN
- 13-3860474
Organization Overview
City College Auxilary Enterprises Corporation is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City College Auxilary Enterprises Corporation 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 Auxilary Enterprises Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $395.8k 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, A BOOKSTORE, ETC., FOR THE BENEFIT OF THE CITY COLLEGE CAMPUS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AUXILIARY'S PRINCIPAL EXEMPT PURPOSE IS THE ADMINISTRATIVE OVERSIGHT OF REVENUE GENERATING ENTREPRENEURIAL ACTIVITIES AT CITY COLLEGE. THE SERVICES INVOLVED ARE GENERALLY OUTSOURCED TO INDEPENDENT PROVIDERS CONTRACTING WITH, AND ANSWERABLE TO, THE AUXILIARY BOARD. THE COLLEGE'S BOOKSTORE, CAFETERIA, AND VENDING OPERATIONS ARE OUTSOURCED TO UNRELATED ORGANIZATIONS; THE AUXILIARY MANAGES THESE ACTIVITIES AND RECEIVES ALL COMMISSIONS EARNED UNDER THE CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felix Lam Chairperson | OfficerTrustee | 2 | $0 |
Ken Ihrer Treasurer | OfficerTrustee | 2 | $0 |
Jason Wallace Executive Director | Officer | 35 | $0 |
Laurent Mars Secretary | Trustee | 2 | $0 |
Maribel Morua Director | Trustee | 2 | $0 |
Shza Zaki Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,007 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,521 |
| Statement of Expenses | |
|---|---|
| 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. | $113,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,199 |
| Payroll taxes | $0 |
| Fees for services: Management | $24 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $6,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,893 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $395,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755,093 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,179,597 |
| Accounts payable and accrued expenses | $23,046 |
| 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 | $468,264 |
| Total liabilities | $491,310 |
| 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 |
| Total liabilities and net assets/fund balances | $688,287 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City College Auxilary Enterprises Corporation has recieved totaling $69,807.
| Awarding Organization | Amount |
|---|---|
University Of Chicago Chicago, IL PURPOSE: Subaward | $69,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Education Services Inc New York, NY | $221,911,530 | $107,632,026 |
Afs-Usa Inc New York, NY | $16,942,442 | $16,772,784 |
American Academy In Rome New York, NY | $156,286,917 | $13,968,918 |
Alexander Muss Institute For Israel Education Inc Rockville Centre, NY | $21,964,723 | $9,700,291 |
Onward Israel Usa Inc New York, NY | $2,215,370 | $5,939,234 |
Showa Boston Institute For Language And Culture Jamaica Plain, MA | $39,110,971 | $10,562,824 |
Afs Intercultural Programs Inc New York, NY | $14,241,646 | $12,687,356 |
Egyptian-American Enterprise Fund New York, NY | $169,845,703 | $41,150,119 |
International Student Exchange Inc Bay Shore, NY | $14,840,965 | $6,979,556 |
Insead North America Inc Valhalla, NY | $10,753,709 | $6,277,643 |
Program Of Academic Exchange Port Chester, NY | $4,242,998 | $6,723,504 |
School Year Abroad Inc North Andover, MA | $31,777,579 | $4,148,421 |