Queensborough Community College Fund Inc
- Assets
- $18.5m
- Revenue
- $1.7m
- Investments
- $6.9m
- Employees
- 0
- Location
- Bayside, NY
- Founding
- 02/1977
- Data as of
- 06/2021
- EIN
- 11-2386540
Organization Overview
Queensborough Community College Fund Inc is located in Bayside, NY. The organization was established in 1977. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queensborough Community College Fund 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, Queensborough Community College Fund Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $953.0k during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT QUEENSBOROUGH COMMUNITY COLLEGE STUDENTS BY RAISING FUNDS FROM PRIVATE SOURCES TO ADVANCE THE EDUCATIONAL & CULTURAL PROGRAMS OF QUEENSBOROUGH COMMUNINITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS AND TO SUPPLEMENT COLLEGE PROGRAMS BY PROVIDING SUPPLIES AND SERVICES.
TO PROVIDE SCHOLARSHIPS AND TO SUPPLEMENT COLLEGE PROGRAMS BY PROVIDING SUPPLIES AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Prounis Vice Chair | OfficerTrustee | 2 | $0 |
Patricia Tiffany Secretary | OfficerTrustee | 2 | $0 |
Mark Kupferberg Chair | OfficerTrustee | 2 | $0 |
Charlotte Biblow ESQ Treasurer | OfficerTrustee | 2 | $0 |
Johnson Chen Board Member | Trustee | 2 | $0 |
Jasmin Moshirpur Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $858,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $858,154 |
| Total Program Service Revenue | $0 |
| Investment income | $315,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $546,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,720,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400,785 |
| 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 | $121,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,426 |
| Payroll taxes | $9,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $775 |
| Fees for services: Accounting | $24,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,440 |
| Advertising and promotion | $0 |
| Office expenses | $63,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,421 |
| All other expenses | $88,730 |
| Total functional expenses | $953,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,914 |
| 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 | $7,393 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,293,490 |
| Investments—other securities | $6,875,827 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,475,501 |
| Accounts payable and accrued expenses | $171,849 |
| 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 | $45,278 |
| Total liabilities | $217,127 |
| Net assets without donor restrictions | $3,943,675 |
| Net assets with donor restrictions | $14,314,699 |
| 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 | $18,475,501 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Queensborough Community College Fund Inc has recieved totaling $122,801.
| Awarding Organization | Amount |
|---|---|
Kupferberg Foundation Incorporated Wilmington, DE PURPOSE: HARRIET & KENNETH KUPFERBERG HOLOCAUST CENTER | $40,000 |
Kenneth And Harriet R Kupferberg Family Foundation Flushing, NY PURPOSE: GENERAL PURPOSE | $30,000 |
Eugene M Lang Foundation New York, NY PURPOSE: GENERAL | $25,000 |
Southpole Foundation Inc Fort Lee, NJ PURPOSE: SCHOLARSHIP GRANT | $14,000 |
Richmond County Savings Foundation Staten Island, NY PURPOSE: BROADWAY TOASTS OUR PARTNERS | $5,000 |
New York Community Bank Foundation Roslyn, NY PURPOSE: SUPPORT STUDENT EMERGENCY FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $9,758,945 |
| Earnings | $2,619,853 |
| Net Contributions | $137,265 |
| Other Expense | $271,059 |
| Ending Balance | $12,245,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |