Kingsborough Community College Foundation

Organization Overview

Kingsborough Community College Foundation is located in Brooklyn, NY. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsborough Community College Foundation 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, Kingsborough Community College Foundation generated $519.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $613.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE KINGSBOROUGH COMMUNITY COLLEGE FOUNDATION , INC. (FOUNDATION) WAS ORGANIZED IN 1982 FOR THE PURPOSE OF PROMOTING AND ENCOURAGING AMONG MEMBERS OF THE LOCAL AND COLLEGE COMMUNITY AND ALUMNI AN INTEREST IN AND SUPPORT OF KINGSBOROUGH COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS PROGRAM SERVICES PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT AS WELL AS FUNDING NUMEROUS AWARDS AND SCHOLARSHIPS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$67,553
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$397,325
Noncash contributions included in lines 1a–1f $79,309
Total Revenue from Contributions, Gifts, Grants & Similar$464,878
Total Program Service Revenue$0
Investment income $25,453
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $29,132
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $519,463

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Kingsborough Community College Foundation has recieved totaling $212,500.

Awarding OrganizationAmount
The Carroll And Milton Petrie Foundation Inc

New York, NY

PURPOSE: EDUCATIONAL

$95,000
Ambrose Monell Foundation

New York, NY

PURPOSE: FOR APPLICATION TO ITS NURSING PROGRAM

$75,000
Southpole Foundation Inc

Fort Lee, NJ

PURPOSE: SCHOLARSHIP GRANT

$14,000
Switzer Foundation

New York, NY

PURPOSE: SCHOLARSHIP

$12,500
Venable Baetjer And Howard Foundation

Baltimore, MD

PURPOSE: FEEDING STUDENTS' BODIES AND MINDS

$10,000
Robert Hampton Tapp Foundation Inc

New York, NY

PURPOSE: EDCUTIONAL

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$472,274
Earnings$91,578
Net Contributions$48,308
Ending Balance$612,160

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