Foundation For City College
- Assets
- $332.5m
- Revenue
- $102.5m
- Investments
- $0.0
- Employees
- 81
- Location
- New York, NY
- Founding
- Data as of
- 06/2022
- EIN
- 84-3867573
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 06/2022, Foundation For City College employed 81 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.
Since 2022, Foundation For City College has awarded 14 individual grants totaling $25,012,576. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN EDUCATIONAL FOUNDATION SUPPORTING STUDENTS AND PROGRAMS OF THE CITY COLLEGE OF NEW YORK, CITY UNIVERSITY OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAMS - PROVIDING SCHOLARSHIPS FOR CITY COLLEGE STUDENTS.
COLLEGE ACTIVITIES SUPPORTING PROGRAMS - PROVIDING SUPPORT TO STUDENTS, FACULTY, AND PROGRAMS WITHIN CITY COLLEGE.
SCHOLARSHIP PROGRAMS - PROVIDING SCHOLARSHIPS FOR CITY COLLEGE STUDENTS.
COLLEGE ACTIVITIES SUPPORTING PROGRAMS - PROVIDING SUPPORT TO STUDENTS, FACULTY, AND PROGRAMS WITHIN CITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felix Lam Fiscal Dir | Officer | 10 | $0 |
Doliski Mozeliski Executive Dir | Officer | 10 | $0 |
Lucas Koehler CFO | Officer | 35 | $0 |
Martin Cohen Chairperson | Trustee | 1 | $0 |
Dr Vince Boudreau Board Member | Trustee | 1 | $0 |
Peter Zahn Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Axios Productions Llc Video Production Service | 6/29/22 | $349,338 |
Sanky Communications Consulting Service | 6/29/22 | $355,135 |
Fiduciary Investment Advisors Financial Services | 6/29/22 | $309,422 |
Drishti Solutions Llc Consulting Service | 6/29/22 | $195,292 |
Blackbaud Inc Computer System And Consulting Service | 6/29/22 | $145,831 |
Axios Productions Llc Video Production Service | 6/29/22 | $349,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,600 |
| Related organizations | $0 |
| Government grants | $360,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,008,093 |
| Noncash contributions included in lines 1a–1f | $416,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,477,693 |
| Total Program Service Revenue | $125,920 |
| Investment income | $14,763,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,297,459 |
| Net Income from Fundraising Events | -$217,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,453,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,557,568 |
| Grants and other assistance to domestic individuals. | $6,635,323 |
| 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 | $3,034,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,959 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $309,422 |
| Fees for services: Other | $3,215,294 |
| Advertising and promotion | $144,059 |
| Office expenses | $0 |
| Information technology | $11,864 |
| Royalties | $0 |
| Occupancy | $68,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,288 |
| All other expenses | $236,248 |
| Total functional expenses | $28,398,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,218,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,335,701 |
| 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 | $2,173,179 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $309,816,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,215 |
| Total assets | $332,549,861 |
| Accounts payable and accrued expenses | $1,295,704 |
| 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 | $605,771 |
| Total liabilities | $1,901,475 |
| Net assets without donor restrictions | $21,278,599 |
| Net assets with donor restrictions | $309,369,787 |
| 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 | $332,549,861 |
Grants Awarded
Over the last fiscal year, Foundation For City College has awarded $25,012,576 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SPONSORSHIP | $5,453,406 |
New York, NY PURPOSE: SPONSORSHIP | $5,453,406 |
THE CITY COLLEGE OF NEW YORK PURPOSE: SPONSORSHIP | $4,700,000 |
THE CITY COLLEGE OF NEW YORK PURPOSE: SPONSORSHIP | $4,700,000 |
New York, NY PURPOSE: SPONSORSHIP | $1,366,724 |
New York, NY PURPOSE: SPONSORSHIP | $1,366,724 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For City College has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $10,000 |
Endowment Analysis
| Earnings | -$27,341,451 |
| Net Contributions | $357,694,923 |
| Grants | $20,983,685 |
| Ending Balance | $309,369,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawschool Admissions Council Inc Newtown, PA | $258,854,616 | $78,237,863 |
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |