Herbert H Lehman College Foundation Inc
- Assets
- $13.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 13-3150922
Organization Overview
Herbert H Lehman College Foundation Inc is located in Bronx, NY. The organization was established in 1985. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Herbert H Lehman College Foundation 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 06/2022, Herbert H Lehman College Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS AND SUPPORT THE SCHOLARLY ACTIVITIES OF THE HERBERT H. LEHMAN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERBERT H. LEHMAN COLLEGE FOUNDATION IS COMMITTED TO SUPPORTING THE COLLEGE'S DIVERSE AND INTERNATIONAL STUDENT BODY OF APPROXIMATELY 15,000 UNDERGRADUATE AND GRADUATE STUDENTS, FROM APPROXIMATELY 130 CULTURES, AND A WIDE RANGE OF ACADEMIC OFFERINGS IN 97 UNDERGRADUATE MAJORS AND PROGRAMS, 67 MASTER'S DEGREE PROGRAMS, AND 35 UNDERGRADUATE AND GRADUATE CERTIFICATES. THE FOUNDATION IS COMMITTED TO HELPING YOUNG PEOPLE REALIZE THEIR DREAMS BY ENSURING THAT ASPIRATIONS BECOME ACHIEVEMENTS, AND THAT YOUNG LEADERS BECOME CATALYTIC THINKERS AND DOERS WHO WILL RE-IMAGINE THEIR LIVES, THEIR COMMUNITIES, AND THEIR PROFESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Lief JD Secretary | OfficerTrustee | 1 | $0 |
James H Hudgins Vice Chair | OfficerTrustee | 1 | $0 |
Larry Mccaffrey Chair | OfficerTrustee | 1 | $0 |
Byron L Knief Treasurer | OfficerTrustee | 1 | $0 |
Susan E Ebersole Executive Director | Officer | 1 | $0 |
Elias Alcantara Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Co Llc Consulting | 6/29/22 | $458,144 |
Braven Inc Consulting | 6/29/22 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,123 |
| Related organizations | $1,044,506 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,955,984 |
| Noncash contributions included in lines 1a–1f | $1,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,238,613 |
| Total Program Service Revenue | $0 |
| Investment income | $94,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,885 |
| Net Income from Fundraising Events | -$70,207 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,487,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,160,104 |
| 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 | $102,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $458,144 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $480,859 |
| Advertising and promotion | $0 |
| Office expenses | $33,414 |
| Information technology | $63,969 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,648 |
| 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 | $5,983 |
| All other expenses | $1,160 |
| Total functional expenses | $2,444,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,183,764 |
| Savings and temporary cash investments | $261,276 |
| Pledges and grants receivable | $688,395 |
| Accounts receivable, net | $14,300 |
| 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 | $87,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,912,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,687 |
| Total assets | $13,150,449 |
| Accounts payable and accrued expenses | $110,524 |
| 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 | $1,485 |
| Total liabilities | $112,009 |
| Net assets without donor restrictions | $1,064,184 |
| Net assets with donor restrictions | $11,974,256 |
| 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 | $13,150,449 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Herbert H Lehman College Foundation Inc has recieved totaling $1,030,616.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $750,000 |
The Carroll And Milton Petrie Foundation Inc New York, NY PURPOSE: EDUCATIONAL | $175,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Montefiore Medical Center Bronx, NY PURPOSE: SPONSORSHIP | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,437 |
St Georges Society Of New York New York, NY PURPOSE: SCHOLARSHIP | $6,900 |
Endowment Analysis
| Beg. Balance | $8,324,338 |
| Earnings | -$374,972 |
| Admin Expense | $1,356 |
| Net Contributions | $246,410 |
| Grants | $292,280 |
| Ending Balance | $7,902,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marlboro College Foxborough, MA | $37,753,712 | $8,202,208 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Sattler College Inc Boston, MA | $4,505,835 | $11,233,247 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Sterling College Craftsbury Common, VT | $8,938,081 | $9,817,486 |
Hebrew College Newton, MA | $18,470,927 | $14,279,250 |
The College Of New Jersey Foundation Inc Ewing, NJ | $60,398,961 | $30,765,630 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |