Foundation For Student Communication Inc
- Assets
- $3.6m
- Revenue
- $918.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Princeton, NJ
- Founding
- 07/1973
- Data as of
- 04/2022
- EIN
- 22-1926453
Organization Overview
Foundation For Student Communication Inc, operating under the name Business Today, is located in Princeton, NJ. The organization was established in 1973. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 04/2022, Business Today employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Today 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 04/2022, Business Today generated $918.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $982.2k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE ACADEMIC COMMUNITY IN PHILOSOPHY, OPERATION AND MECHANICS OF THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
PUBLICATION OF BUSINESS TODAY MAGAZINE, PUBLISHED BY STUDENTS FOR THE BENEFIT OF STUDENTS.
CONFERENCES HELD TO EDUCATE THE ACADEMIC COMMUNITY IN THE PHILOSOPHY, OPERATION AND MECHANICS OF THE BUSINESS & PROF. COMMUNITY, SPONSORED BY CORPORATIONS AND ATTENDED BY STUDENTS & CORPORATE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Gu Co-Director Of Corporate Contacts And Finance | Officer | 5 | $4,500 |
John Barrett Director Of Content | Officer | 4 | $4,500 |
Sarina Krishman Co-Director Of Corporate Contacts And Finance | Officer | 5 | $4,113 |
Uanne Chang Director Of Human Capital | Officer | 4 | $3,581 |
Stone Yang President (beginning December 2021) | Officer | 5 | $3,535 |
Aneesh Tekulapally Director Of Investments | Officer | 2 | $3,203 |
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 | $163,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,624 |
| Total Program Service Revenue | $662,904 |
| Investment income | $91,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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 | $106,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,482 |
| Office expenses | $5,622 |
| Information technology | $84,082 |
| Royalties | $0 |
| Occupancy | $4,622 |
| Travel | $107,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,318 |
| Insurance | $13,222 |
| All other expenses | $10,456 |
| Total functional expenses | $982,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,970 |
| Savings and temporary cash investments | $337,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,689 |
| 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 | $16,827 |
| Net Land, buildings, and equipment | $2,063 |
| Investments—publicly traded securities | $2,445,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,635,219 |
| Accounts payable and accrued expenses | $24,031 |
| 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 | $24,031 |
| Net assets without donor restrictions | $3,611,188 |
| Net assets with donor restrictions | $0 |
| 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 | $3,635,219 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Foundation For Student Communication Inc has recieved totaling $71,513.
| Awarding Organization | Amount |
|---|---|
High Meadows Foundation Boston, MA PURPOSE: PAYMENT FOR SUPPORT FOR THEIR EDUCATIONAL PROGRAMS | $25,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Centene Charitable Foundation St Louis, MO PURPOSE: 2021 INTERNATIONAL CONFERENCE | $12,000 |
Canning Foundation Chicago, IL PURPOSE: TO FURTHER PROGRAM SERVICES | $8,000 |
Hersh Foundation Dallas, TX PURPOSE: CONT FOUNDATION FOR STUDENT COMMUNICATION-ONGOING PROJECTION | $4,000 |
Wendell Family Foundation San Mateo, CA PURPOSE: GENERAL PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |