Hunter College Foundation Inc
- Assets
- $144.5m
- Revenue
- $37.2m
- Investments
- $18.6m
- Employees
- 188
- Location
- New York, NY
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 13-3598671
Organization Overview
Hunter College Foundation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Hunter College Foundation Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunter 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, Hunter College Foundation Inc generated $37.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $17.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hunter College Foundation Inc has awarded 51 individual grants totaling $121,321,514. 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
TO ACCOMPLISH ITS MISSION, THE HUNTER COLLEGE FOUNDATION ENGAGES IN THE FOLLOWING ACTIVITIES:- ACTIVELY PROMOTES HUNTER COLLEGE, INCLUDING ALL OF ITS SCHOOLS, PROGRAMS, CENTERS, AND CAMPUSES- CULTIVATES RELATIONSHIPS THAT LEAD TO FUNDING- ENGAGES CURRENT AND POTENTIAL DONORS IN THE LIFE OF THE COLLEGE- MANAGES INVESTMENTS JUDICIOUSLY- ENSURES THAT RESTRICTED FUNDS ARE UTILIZED FOR DONOR-RESTRICTED PURPOSESAREAS OF SUPPORT INCLUDE:- FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION- ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS- STUDENT SUPPORT SERVICES- PROGRAM DEVELOPMENT- MATERIAL, TECHNOLOGY, AND EQUIPMENT- FACILITY DEVELOPMENT AND MAINTENANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITY RENOVATIONS:THE HUNTER COLLEGE FOUNDATION SUPPORTS THE REPAIRS, RENOVATION AND IMPROVEMENTS OF THE FACILITIES AT HUNTER COLLEGE SUCH AS RENOVATION OF THE LIBRARY, UPGRADES TO CLASSROOMS AND LABORATORIES AND PURCHASE OF STATE OF THE ART EQUIPMENT. THIS SUPPORTS THE COLLEGE IN ITS ENDEAVOR TO OFFER ITS STUDENTS THE BEST FACILITIES AND LEARNING ENVIRONMENT.
EDUCATIONAL PROGRAMS: THE FOUNDATION PROVIDES SUPPORT TO ACADEMIC PROGRAMS TO HELP ADVANCE EDUCATIONAL EXCELLENCE AND FURTHER CURRICULUM AND FACULTY DEVELOPMENT. THE FOUNDATION ALSO HELPS TO SUPPORT AND CREATE NEW PROGRAMS AND DEPARTMENTS.
SCHOLARSHIPS AND GRANTS: THE HUNTER COLLEGE FOUNDATION DISTRIBUTES A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS BASED ON CRITERIA SUCH AS MERIT, NEED, GRADE POINT AVERAGE AND DECLARATION OF A MAJOR COURSE OF STUDY. THESE SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN EDUCATING THE NEXT GENERATION OF CITIZENS AND PERPETUATING THE EXTRAORDINARY HUNTER COMMUNITY OF SCHOLARS, STUDENTS AND ALUMNI. APPROXIMATELY 1,780 STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE HUNTER COLLEGE FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30,2022.DUE TO EXTRAORDINARY PANDEMIC CIRCUMSTANCES AT THE END OF FISCAL YEAR 2021-22, HUNTER COLLEGE FOUNDATION DISTRIBUTED 655 EMERGENCY STIPENDS (APPROXIMATELY $293,662) AND TECHNOLOGY TO STUDENTS IN NEED IN FISCAL YEAR 2021-22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne R Santry Vice Chair | OfficerTrustee | 2 | $0 |
Cathy Weinroth Chair | OfficerTrustee | 2 | $0 |
Robie Livingstone Secretary | OfficerTrustee | 2 | $0 |
Abby Levy Treasurer | OfficerTrustee | 2 | $0 |
Steven Mark Associate Vice President | Officer | 40 | $0 |
Patty C Baker Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cabaret Rentals Inc Tent Rental Services | 6/29/22 | $473,218 |
Ruffalo Noel Levitz Telemarketing Services | 6/29/22 | $135,000 |
Trading Cardio For Cosmos Llc Consulting Services | 6/29/22 | $142,087 |
Businessmine Llc Mailing Services | 6/29/22 | $135,067 |
Fabian Bedolla Capital Projects | 6/29/22 | $184,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $767,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,127,774 |
| Noncash contributions included in lines 1a–1f | $2,724,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,895,574 |
| Total Program Service Revenue | $0 |
| Investment income | $4,235,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,118,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,248,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,558,942 |
| Grants and other assistance to domestic individuals. | $814,632 |
| 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 | $3,295,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $322,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $108,165 |
| Fees for services: Investment Management | $276,551 |
| Fees for services: Other | $1,575,641 |
| Advertising and promotion | $158,918 |
| Office expenses | $342,402 |
| Information technology | $118,292 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,684 |
| All other expenses | $89,341 |
| Total functional expenses | $17,070,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,814,609 |
| Savings and temporary cash investments | $9,163,717 |
| Pledges and grants receivable | $11,968,317 |
| Accounts receivable, net | $561,195 |
| 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 | $37,128 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $92,653,529 |
| Investments—other securities | $18,635,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $676,338 |
| Total assets | $144,509,988 |
| Accounts payable and accrued expenses | $1,035,288 |
| Grants payable | $0 |
| Deferred revenue | $383,269 |
| 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 | $11,133 |
| Total liabilities | $1,429,690 |
| Net assets without donor restrictions | $5,094,188 |
| Net assets with donor restrictions | $137,986,110 |
| 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 | $144,509,988 |
Grants Awarded
Over the last fiscal year, Hunter College Foundation Inc has awarded $8,558,942 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CUNY CENTRAL OFFICE- OFFICE OF UNIVERSITY CONTROLLER PURPOSE: CUNY CENTRAL OFFICE DISTRIBUTES THE SCHOLARSHIPS TO HUNTER STUDENTS ON BEHALF OF HUNTER COLLEGE | $4,661,240 |
HUNTER COLLEGE OF THE CITY OF NEW YORK PURPOSE: TO SUPPORT HUNTER COLLEGE TOWARDS SALARIES, SCHOLARSHIPS, EQUIPMENT, PROGRAM, CAMPUS SCHOOL | $3,514,499 |
New York, NY PURPOSE: TO SUPPORT RESEARCH | $383,203 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Hunter College Foundation Inc has recieved totaling $385,547.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $130,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $89,550 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $75,613 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $25,000 |
Elbrun And Peter Kimmelman Family Foundation Inc New York, NY PURPOSE: CHARITABLE | $17,750 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,250 |
Endowment Analysis
| Beg. Balance | $94,479,130 |
| Earnings | -$9,284,423 |
| Net Contributions | $3,782,268 |
| Other Expense | $3,803,471 |
| Ending Balance | $85,173,504 |