Hudson County Community College Foundation Inc
- Assets
- $1.8m
- Revenue
- $386.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 01/2001
- Data as of
- 06/2021
- EIN
- 22-3716420
Organization Overview
Hudson County Community College Foundation Inc is located in Jersey City, NJ. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson County Community College 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, Hudson County Community College Foundation Inc generated $386.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $227.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR THE BENEFIT AND SUPPORT OF HUDSON COUNTY COLLEGE AND ITS STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND BOOK STORE AWARDS TO HUDSON COUNTY COLLEGE STUDENTS.
PROGRAM TO PROMOTE NJ ARTISTS INCLUDING BUILDING A COLLECTION DISPLAYED IN AND AROUND THE COLLEGE.
GRANTS TO HUDSON COUNTY COMMUNITY COLLEGE AND OTHER LOCAL COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Napolitano Jr Board Member | Trustee | 1 | $0 |
Monica K Mccormack-Casey Vice Chair | OfficerTrustee | 2 | $0 |
Ronnie Sevilla Secretary | OfficerTrustee | 2 | $0 |
Jeanne Cretella Treasurer | OfficerTrustee | 2 | $0 |
Orlando Bru Board Member | Trustee | 1 | $0 |
Ruddys Andrade Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,053 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,600 |
| Total Program Service Revenue | $13,807 |
| Investment income | $3,658 |
| 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 | $2,645 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $163,605 |
| 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 | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,017 |
| Insurance | $0 |
| All other expenses | $1,885 |
| Total functional expenses | $227,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,860 |
| Savings and temporary cash investments | $1,007,880 |
| 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 | $18,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,525 |
| Total assets | $1,798,549 |
| 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 | $1,010,897 |
| Net assets with donor restrictions | $787,652 |
| 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 | $1,798,549 |
Grants Awarded
Over the last fiscal year, Hudson County Community College Foundation Inc has awarded $355,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON COUNTY COMMUNITY COLLEGE PURPOSE: WEBSITE | $165,200 |
HUDSON COUNTY COMMUNITY COLLEGE PURPOSE: WEBSITE | $165,200 |
New York, NY PURPOSE: INTERNSHIPS | $12,500 |
New York, NY PURPOSE: INTERNSHIPS | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hudson County Community College Foundation Inc has recieved totaling $536,411.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $350,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $155,111 |
Southpole Foundation Inc Fort Lee, NJ PURPOSE: SCHOLARSHIP GRANT | $14,000 |
Switzer Foundation New York, NY PURPOSE: SCHOLARSHIP | $12,500 |
Bernard And Anne Spitzer Charitable Tr New York, NY PURPOSE: HCC SCHOLARSHIP | $4,800 |
Endowment Analysis
| Beg. Balance | $569,942 |
| Ending Balance | $569,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unicef Usa Impact Fund For Children Inc New York, NY | $79,143,389 | $84,968,409 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Endeavor Catalyst Inc New York, NY | $43,515,212 | $32,419,265 |
Christian Health Care Center Foundation Inc Wyckoff, NJ | $4,956,233 | $3,913,084 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |