The College Of Staten Island Foundation Inc

Organization Overview

The College Of Staten Island Foundation Inc is located in Staten Island, NY. The organization was established in 1993. 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, College Of Staten Island Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Staten Island 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, College Of Staten Island Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING BASE OF SUPPORT FROM ALUMNI AND FRIENDS OF THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O:THESE EXPENSES REPRESENT THE FOUNDATION'S ACCOMPLISHMENTS IN ASSISTING THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING AND INCREASING BASE OF SUPPORT FROM THE COMMUNITY, INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. THROUGH THIS PHILANTHROPIC SUPPORT, THE COLLEGE OF STATEN ISLAND FOUNDATION ALLOWS THE COLLEGE TO EXPAND ITS MARGIN OF EXCELLENCE WHICH ENSURES ITS STUDENTS, FACULTY, AND STAFF THE FINEST ACADEMIC FACILITIES AVAILABLE. SUCH EXAMPLES INCLUDE: THE CHAZANOFF SCHOOL OF BUSINESS EXPENSES RELATED TO THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (ACCSB) ACCREDITATION PROCESS, THE ATHLETICS PROGRAM, INCLUDING UNIFORMS AND TRAVEL RELATED TO PARTICIPATION IN TOURNAMENTS, SUPPORT FOR THE SCHOOL OF HEALTH & SCIENCES, IN PARTICULAR THE DEPARTMENTS FOR SOCIAL WORK AND NURSING AND SUPPORT FOR THE LIBRARY.


THESE EXPENSES REPRESENT THE COLLEGE OF STATEN ISLAND FOUNDATION'SENDOWED AND NON-ENDOWED SCHOLARSHIPS AND AWARDS AT THE COLLEGE TOPROVIDE ACCESS TO FINANCIAL ASSISTANCE TO THE MANY QUALIFYING FULL-TIME AND PART-TIME STUDENTS. THE MANY SCHOLARSHIPS ALLOCATED BY THE COLLEGEOF STATEN ISLAND FOUNDATION ENSURE THAT THESE STUDENTS HAVE ACCESS TO AQUALITY HIGHER EDUCATION, REMARKABLE ACHIEVEMENTS, AND A BRIGHTER FUTURE.


THE COLLEGE OF STATEN ISLAND FOUNDATION IS COMMITTED TO SERVING THECOLLEGE COMMUNITY AND ITS WIDE RANGE OF TRADITIONAL AND NON-TRADITIONALSTUDENTS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE IN A TIMELY MANNERTO STUDENTS WHO REQUEST THE EMERGENCY FUNDS THROUGH A CERTIFIEDCOUNSELOR AT THE COLLEGE.IN ADDITION TO FINANCIAL ASSISTANCE, THE COLLEGE OF STATEN ISLAND IS PROVIDING EMERGENCY MEALS THROUGH THE FOOD INSECURITY AND HUNGER INITIATIVE.


TO ASSIST THE COLLEGE OF STATEN ISLAND WITH ENHANCING RESOURCES, PROVIDING FACILITIES WITH THE NECESSARY FUNDS TO PURCHASE JOHN DEERE VEHICLES AND CLUB CARS.


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Board, Officers & Key Employees

Name (title)Compensation
Dolores N Morris
Secretary
$0
Frank Lombardo
Treasurer
$0
Joseph Franzese
President
$0
Robert A Catalano
Vice President
$0
Kim A Williams ESQ
Executive Director
$0
Comfort Asanbe
Director (ex-Officio)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,743
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,186,633
Noncash contributions included in lines 1a–1f $7,630
Total Revenue from Contributions, Gifts, Grants & Similar$1,201,376
Total Program Service Revenue$0
Investment income $341,265
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,072,028
Net Income from Fundraising Events $31,685
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,646,354

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The College Of Staten Island Foundation Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Berman Foundation Inc

Staten Island, NY

PURPOSE: COMMUNITY PROGRAMS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,957,692
Earnings-$2,509,178
Admin Expense$356,011
Net Contributions$200,456
Other Expense$112,007
Grants$157,290
Ending Balance$15,023,662

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