Foundation For City College

Organization Overview

Foundation For City College is located in New York, NY. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Foundation For City College employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For City College 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, Foundation For City College generated $27.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (47.8%) each year. All expenses for the organization totaled $33.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2022, Foundation For City College has awarded 20 individual grants totaling $38,549,245. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

AN EDUCATIONAL FOUNDATION SUPPORTING STUDENTS & PROGRAMS OF THE CITY COLLEGE OF NY, CUNY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLEGE ACTIVITIES SUPPORTING PROGRAMS - PROVIDING SUPPORT TO STUDENTS, FACULTY, AND PROGRAMS WITHIN CITY COLLEGE.


SCHOLARSHIP PROGRAMS - PROVIDING SCHOLARSHIPS FOR CITY COLLEGE STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Vince Boudreau
College President
$0
Martin Cohen
Chairperson
$0
Vivien R Clark
Secretary
$0
Edward Blank
Board Member
$0
Joseph Fleischer
Board Member
$0
Dr Leonard Kleinrock
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Empire Office Inc
Renovations
$522,351
Sanky Communications
Direct Mail/online Fundraising
$296,107
Urban Arts Partnership
Gaming Pathways Program Services
$236,216
Pryor Cashman Llp
Legal Services
$143,766
Highland Fundraising Solutions Llc
Fundraising Services
$134,599
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$93,595
Related organizations$0
Government grants $801,625
All other contributions, gifts, grants, and similar amounts not included above$21,585,979
Noncash contributions included in lines 1a–1f $61,224
Total Revenue from Contributions, Gifts, Grants & Similar$22,481,199
Total Program Service Revenue$172,426
Investment income $9,033,152
Tax Exempt Bond Proceeds $0
Royalties $13,267
Net Rental Income $68,245
Net Gain/Loss on Asset Sales -$3,784,881
Net Income from Fundraising Events -$222,633
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $595
Miscellaneous Revenue$0
Total Revenue $27,910,258

Grants Awarded

Over the last fiscal year, Foundation For City College has awarded $13,536,669 in support to 6 organizations.

Grant RecipientAmount

RESEARCH FOUNDATION OF CUNY

PURPOSE: SPONSORSHIP

$10,841,163

THE CITY COLLEGE OF NEW YORK

PURPOSE: SPONSORSHIP

$2,291,053

AARON DAVIS HALL INC

PURPOSE: SPONSORSHIP

$22,453

NEW YORK FOOTBALL GIANTS INC

PURPOSE: SPONSORSHIP

$220,000

FAMU FOUNDATION INC

PURPOSE: SPONSORSHIP

$150,000

GREATER HARLEM CHAMBER OF COMMERCE

PURPOSE: SPONSORSHIP

$12,000
View Grant Profile

Peer Organizations

Organization NameAssets
Lawschool Admissions Council Inc
Newtown, PA
$91,624,311
Uncommon Schools Inc
New York, NY
$84,601,875
Intealth
Philadelphia, PA
$72,786,979
Sponsors For Educational Opportunity Inc
New York, NY
$45,778,804
Amsterdam House Continuing Care Retirement Community Inc
Port Washington, NY
$27,650,876
Foundation For City College
New York, NY
$27,910,258
The Achievement Network Ltd
Boston, MA
$42,572,864
Educate Girls
Forest Hills, NY
$10,425,030
Transcend Inc
Hastingsonhudson, NY
$31,035,655
Saga Innovations
Framingham, MA
$28,786,307
Unbounded Learning Inc
New York, NY
$34,479,615
Leadership For Educational Equity
New York, NY
$15,553,361
Education Resource Strategies Inc
Watertown, MA
$17,929,911
Entrepreneurial Ventures In Education
Quincy, MA
$11,949,451
Collier Services
Wickatunk, NJ
$17,139,095
America Achieves Inc
New York, NY
$10,611,210
The Baruch College Fund
New York, NY
$67,294,185
Workforce Outsource Services Inc
Uniondale, NY
$13,533,563
Hyde Leadership Charter School-Brooklyn
Brooklyn, NY
$12,455,097
Zeta Charter Schools Inc
Bronx, NY
$14,078,395
Older Adults Technology Services Inc
New York, NY
$13,257,588
North Star Academy Foundation Inc
New York, NY
$10,832,844
The New York Opportunity Network Inc
New York, NY
$10,866,205
Teach Plus Incorporated
Boston, MA
$12,042,496
Ecumenical Community
Hershey, PA
$11,556,819

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