Queens College Auxiliary Enterprises Corporation
- Assets
- $8.1m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 86
- Location
- Flushing, NY
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-3849287
Organization Overview
Queens College Auxiliary Enterprises Corporation is located in Flushing, NY. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Queens College Auxiliary Enterprises Corporation employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens College Auxiliary 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 06/2023, Queens College Auxiliary Enterprises Corporation generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $9.6m during the year ending 06/2023. While expenses have increased by 15.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AUXILIARY ENTERPRISES, SUCH AS FOOD SERVICES, A BOOKSTORE, PARKING, ETC., FOR THE BENEFIT OF THE QUEENS COLLEGE STUDENTS, FACULTY, AND STAFF.
Describe the Organization's Program Activity:
KUPFERBURG PERFORMING ARTS CENTER - THE CENTER'S FACILITIES ARE USED BY THE COLLEGE FOR EVENTS, CLASSES AND COLLEGE-SPONSORED REHEARSALS FOR WHICH THE CENTER DOES NOT RECEIVE RENTAL FEES. THE CENTER ALSO PRESENTS A VARIETY OF COMMUNITY SERVICE PROGRAMS AS PART OF ITS PERFORMANCE SERIES INCLUDING CLASSICAL MUSIC, DANCE, CHILDREN'S THEATER AND POP AND CONTEMPORARY ARTISTS.
SUPPORT QUEENS COLLEGE STUDENT SERVICES THROUGH VARIOUS ACTIVITIES CONDUCTED FOR THE BENEFIT OF THE STUDENTS.
SHUTTLE BUS SERVICE INVOLVES BUSES THAT PROVIDE SHUTTLE SERVICES TO THE COLLEGE.
THE AUXILIARY ADMINISTERS THE PARKING FACILITIES OPERATED FOR THE BENEFIT OF THE STUDENTS, FACULTY, AND VISITORS TO THE QUEENS COLLEGE CAMPUS. THE AUXILIARY GENERATES REVENUES EARNED THROUGH THE SALE OF PARKING DECALS FOR STUDENTS, FACULTY, AND STAFF AND WILL ALSO COLLECT PARKING FINES AS WARRANTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Wu President | OfficerTrustee | 1 | $0 |
Joseph Loughren Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Jarvis Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Rosenstock Director | Trustee | 1 | $0 |
Zeco Krcic Director | Trustee | 1 | $0 |
Pokay MA Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,199,895 |
| Total Program Service Revenue | $4,743,921 |
| Investment income | $107,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,992 |
| 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 | $6,105,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,526 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,348,006 |
| Pension plan accruals and contributions | $32,280 |
| Other employee benefits | $3,181 |
| Payroll taxes | $72,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,436 |
| Advertising and promotion | $225,619 |
| Office expenses | $62,637 |
| Information technology | $65,274 |
| Royalties | $0 |
| Occupancy | $125,288 |
| Travel | $27,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,182 |
| Insurance | $209,869 |
| All other expenses | $2,112,167 |
| Total functional expenses | $9,602,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,712,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,858,811 |
| Accounts receivable, net | $486,559 |
| 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 | $250,234 |
| Net Land, buildings, and equipment | $551,197 |
| Investments—publicly traded securities | $3,089,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,419 |
| Total assets | $8,147,289 |
| Accounts payable and accrued expenses | $1,005,139 |
| Grants payable | $0 |
| Deferred revenue | $55,134 |
| 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 | $158,488 |
| Total liabilities | $1,218,761 |
| 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 | $551,197 |
| Retained earnings, endowment, accumulated income, or other funds | $6,377,331 |
| Total liabilities and net assets/fund balances | $8,147,289 |