Westchester Community College Foundation Inc is located in Valhalla, NY. The organization was established in 1970. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Westchester Community College Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester 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 08/2023, Westchester Community College Foundation Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.9m during the year ending 08/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OSCHOLARSHIP, FINANCIAL AND PROGRAMMATIC SUPPORT TO PROMOTE STUDENT SUCCESS IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND AWARDS - SEE SCHEDULE OSCHOLARSHIPS AND AWARDS:SCHOLARSHIP FUNDING IS A VITAL PART OF THE FOUNDATION'S MISSION, LEVELING THE PLAYING FIELD BY MAKING SURE EDUCATION IS AVAILABLE TO ALL WHO SEEK IT. DESPITE THE COLLEGE'S BEST EFFORTS TO CONTAIN COSTS, EVEN WITH THE LOWEST TUITION IN OUR REGION, TUITION, FEES, TRANSPORTATION, AND EVEN SUSTENANCE ARE OBSTACLES FOR MANY STUDENTS WHO HAVE A PROFOUND AND COMPELLING NEED FOR ASSISTANCE. SCHOLARSHIPS HAVE A TRANSFORMATIONAL IMPACT, MOST OFTEN MAKING THE CRUCIAL DIFFERENCE BETWEEN MOVING AHEAD AND FALLING BEHIND. IN ADDITION TO IMPORTANT FINANCIAL BENEFITS, SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT. SCHOLARSHIPS ARE AVAILABLE FOR INCOMING, CONTINUING AND GRADUATING STUDENTS; EMERGENCY AID ASSISTS STUDENT WITH FOOD INSECURITY, TRANSPORTATION, AND UNFORESEEN PREDICAMENTS. THIS PAST YEAR, GIFTS FROM INDIVIDUALS, FOUNDATIONS, AND CORPORATIONS ENABLED THE FOUNDATION TO DISTRIBUTE $2,602,630 MILLION IN SCHOLARSHIP AWARDS, WHICH INCLUDES $133,000 IN EMERGENCY GRANT FUNDING FOR STUDENTS FACING HOUSING, FOOD AND TRANSPORTATION INSECURITY AND $245,000 IN SUPPORT FOR THE COLLEGE'S VIRGINIA MARX CHILDREN'S CENTER, AN AWARD-WINNING EARLY CHILDHOOD EDUCATION PROGRAM.
COLLEGE INSTITUTIONAL ENRICHMENT - SEE SCHEDULE OCOLLEGE INSTITUTIONAL ENRICHMENT:IN DECEMBER 2022, THE FOUNDATION OFFICIALLY COMPLETED ITS PATHWAYS CAMPAIGN, A COMPREHENSIVE CAMPAIGN TO IMPROVE STUDENT OUTCOMES THROUGH PROGRAMS AND SERVICES DESIGNED TO INCREASE STUDENT READINESS, SUCCESS AND OVERALL SUPPORT. OVER THE COURSE OF NINE YEARS, THE WCC FOUNDATION RAISED CLOSE TO $60 MILLION, MUCH OF WHICH HELPED TO INITIATE AND IS CURRENTLY SUPPORTING THE FOLLOWING MAJOR INITIATIVES: THE HONORS COLLEGE THE CENTER FOR EXCELLENCE IN CYBERSECURITY THE VETERANS RESOURCE CENTER VIKING ROADS A COMPREHENSIVE HEALTH AND WELLNESS SUITEINITIATIVES IN FISCAL YEAR 2023 INCLUDED:*JPMORGAN CHASE FOUNDATION PROVIDED $200,000 (SECOND PART OF A $400,000/TWO-YEAR GRANT) TO DEVELOP SHORT-TERM WORKFORCE PROGRAMS AT THE COLLEGE'S YONKERS AND MOUNT VERNON EXTENSION CENTERS*NATIONAL COUNCIL FOR WORKFORCE EDUCATION PROVIDED $150,000 (SECOND YEAR OF A THREE-YEAR $450,000 GRANT TO SUPPORT FINANCIAL WELLNESS EDUCATION CAMPUS WIDE.*CENTER OF EXCELLENCE IN CYBERSECURITY COMPLETED THE CONSTRUCTION OF NEW LABS, CLASSROOMS, ADMINISTRATIVE SPACES IN PREPARATION FOR AN OFFICIAL OPENING IN FALL 2023*SIMULATED HOSPITAL LAB PROJECT RECEIVED APPROVAL TO BEGIN DESIGN AND CONSTRUCTION.*THE HONORS COLLEGE GRADUATED ITS FIFTH COHORT, WITH ONE STUDENT GETTING ACCEPTED TO YALE ON A FULL SCHOLARSHIP *VIKING ROADS CONTINUES TO INCREASE THE PERCENTAGE OF STUDENTS WHO ARE ENROLLED IN THIS PROGRAM, WHICH REMOVES IMPEDIMENTS TO GRADUATION BY PROVIDING TUITION SUPPORT, TRANSPORTATION FUNDING, BOOK STIPEND, AND MANDATORY COUNSELING.THE NATIVE PLANT CENTER TEACHES SUSTAINABLE GARDENING TO SUNY WCC STUDENTS AS WELL AS COMMUNITY-WIDE LEARNERS, WHICH INCLUDE HOME GARDENERS, LANDSCAPE PROFESSIONALS, MUNICIPAL PLANNERS, LAND MANAGERS, ENVIRONMENTAL/GARDENING GROUPS, AND INDIVIDUALS THROUGHOUT THE TRI-STATE AREA. FOUNDED IN 1998 AS THE FIRST AFFILIATE OF THE LADY BIRD JOHNSON WILDFLOWER CENTER IN AUSTIN, TEXAS, THE NATIVE PLANT CENTER PROVIDES RESOURCES FOR ENVIRONMENTAL STUDY; PRESENTS CLASSES ON SUSTAINABLE GARDENING NATIVE PLANT IDENTIFICATION, AND ECOLOGICAL PROCESSES; HOSTS LANDSCAPE CONFERENCES ON TIMELY ENVIRONMENTAL TOPICS (I.E. CLIMATE CHANGE, WILDLIFE HABITATS, SUSTAINABLE MAINTENANCE) THAT TARGET PROFESSIONAL AUDIENCES; PRESENTS TO LOCAL, REGIONAL, AND STATEWIDE COMMUNITY GROUPS; GIVES TOURS OF THE NATIVE PLANT CENTER TEACHING GARDENS; HOLDS AN ANNUAL SALE OF THOUSANDS OF NATIVE PLANTS; ENGAGES COMMUNITY INVOLVEMENT IN THE GARDENS THROUGH VOLUNTEER WORK DAYS; AND PARTNERS WITH OTHER ORGANIZATIONS AND GOVERNMENT AGENCIES TO PROMOTE AND TEACH ABOUT THE USE OF NATIVE PLANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Aleida M Frederico Director | Trustee | 1 | $0 |
Alice Tenney Director | Trustee | 1 | $0 |
Amy Ansehl Director | Trustee | 1 | $0 |
Barbara A Abeles Director | Trustee | 1 | $0 |
Benjamin Cheever Until 1123 Director | Trustee | 1 | $0 |
Betty Cotton Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $48,115 |
Related organizations | $0 |
Government grants | $38,749 |
All other contributions, gifts, grants, and similar amounts not included above | $5,251,333 |
Noncash contributions included in lines 1a–1f | $44,069 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,338,197 |
Total Program Service Revenue | $0 |
Investment income | $1,355,027 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $335,158 |
Net Gain/Loss on Asset Sales | $1,425,268 |
Net Income from Fundraising Events | -$13,207 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,440,443 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,091,996 |
Grants and other assistance to domestic individuals. | $2,638,288 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $179,433 |
Compensation of current officers, directors, key employees. | $19,738 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $413,917 |
Pension plan accruals and contributions | $28,079 |
Other employee benefits | $20,362 |
Payroll taxes | $48,929 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,604 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $118,119 |
Fees for services: Other | $122,421 |
Advertising and promotion | $0 |
Office expenses | $18,304 |
Information technology | $23,086 |
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 | $14,230 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,655 |
Insurance | $17,694 |
All other expenses | $3,826 |
Total functional expenses | $4,857,836 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,213 |
Savings and temporary cash investments | $2,541,981 |
Pledges and grants receivable | $137,132 |
Accounts receivable, net | $547,392 |
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 | $50,952 |
Net Land, buildings, and equipment | $7,635 |
Investments—publicly traded securities | $14,604,766 |
Investments—other securities | $39,015,857 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,633,181 |
Total assets | $65,541,109 |
Accounts payable and accrued expenses | $367,665 |
Grants payable | $0 |
Deferred revenue | $361,370 |
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 | $56,341 |
Total liabilities | $785,376 |
Net assets without donor restrictions | $9,309,495 |
Net assets with donor restrictions | $55,446,238 |
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 | $65,541,109 |