The Bronx Community College Foundation Inc
- Assets
- $1.8m
- Revenue
- $672.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 10/1990
- Data as of
- 06/2021
- EIN
- 13-3277699
Organization Overview
The Bronx Community College Foundation Inc is located in Bronx, NY. The organization was established in 1990. 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. Bronx Community 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 06/2021, Bronx Community College Foundation Inc generated $672.4k 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 (5.5%) each year. All expenses for the organization totaled $512.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. 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
THE BRONX COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED TO PROVIDE FINANCIAL RESOURCES BEYOND THAT PROVIDED BY TAX DOLLARS. THE FOUNDATION ENSURES CONTINUATION OF BCC'S RECORD OF EXCELLENCE BY MOBILIZING SUPPORT FOR STUDENT SCHOLARSHIPS, EDUCATIONAL PROGRAMMING, FACULTY INITIATIVES, TECHNOLOGY ADVANCES AND FACILITIES MAINTENANCE AND IMPROVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT FOR STUDENTS, FACULTY MEMBERS OF BRONX COMMUNITY COLLEGE OF NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfredo M Angueira ESQ Secretary | OfficerTrustee | 1 | $0 |
Eddy Bayardelle PHD President | OfficerTrustee | 1 | $0 |
Olga Luz Tirado Chair | OfficerTrustee | 1 | $0 |
Michael Robinson Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Karla Renee Williams ESQ Part-Year Director | OfficerTrustee | 1 | $0 |
Sterling Roberson Director | Trustee | 1 | $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 | $660,251 |
| Noncash contributions included in lines 1a–1f | $15,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $660,251 |
| Total Program Service Revenue | $0 |
| Investment income | $5,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $488,717 |
| 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 | $0 |
| 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 | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,558 |
| All other expenses | $15,048 |
| Total functional expenses | $512,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750,867 |
| Savings and temporary cash investments | $545,177 |
| Pledges and grants receivable | $0 |
| 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 | $504 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $517,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,814,068 |
| Accounts payable and accrued expenses | $55,314 |
| 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 | $0 |
| Total liabilities | $55,314 |
| Net assets without donor restrictions | $334,425 |
| Net assets with donor restrictions | $1,424,329 |
| 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 | $1,814,068 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that The Bronx Community College Foundation Inc has recieved totaling $260,434.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $150,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $25,000 |
Louis And Rachel Rudin Foundation Inc New York, NY PURPOSE: NURSING SCHOLARSHIPS | $25,000 |
The Carroll And Milton Petrie Foundation Inc New York, NY PURPOSE: EDUCATIONAL | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $6,750 |
Endowment Analysis
| Beg. Balance | $439,709 |
| Earnings | $77,811 |
| Ending Balance | $517,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |