Westchester Community College Foundation Inc

Organization Overview

Westchester Community College Foundation Inc is located in Valhalla, NY. The organization was established in 1970. 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. As of 08/2022, Westchester Community College Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester 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 08/2022, Westchester Community College Foundation Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $6.2m during the year ending 08/2022. While expenses have increased by 4.5% 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

SINCE ITS FOUNDING IN 1969, THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION (THE "FOUNDATION") HAS RAISED OVER $100 MILLION TO MEET WESTCHESTER COMMUNITY COLLEGE ("COLLEGE") AND STUDENT NEEDS NOT COVERED BY TUITION AND PUBLIC SUPPORT. FROM A MODEST BEGINNING RAISING FUNDS FOR STUDENT SCHOLARSHIPS, THE FOUNDATION, COMPLETING ITS 53RD YEAR IN 2022, HAS EXPANDED TO PROVIDE FUNDING FOR CAPITAL PROJECTS, FACULTY DEVELOPMENT, EMERGENCY STUDENT AID, WORKFORCE DEVELOPMENT, AND NEW AND INNOVATIVE PROGRAM INITIATIVES TO PROMOTE STUDENT SUCCESS AND HELP THE COLLEGE PROVIDE ATTAINABLE, AFFORDABLE, AND QUALITY EDUCATION. MONETARY SUPPORT IS IMPORTANT, AND THE FOUNDATION IS ALSO GRATEFUL TO THE MANY VOLUNTEERS AND ALUMNI WHO DONATE THEIR TIME AND EXPERTISE TO PERSONALLY ASSIST OUR STUDENTS THROUGH THEIR PROFESSIONAL EXPERIENCE AND DEDICATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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Board, Officers & Key Employees

Name (title)Compensation
Lisa Mitzner
CFO Through August 2021
$147,631
Jeff Goldberg
CFO
$57,142
Thomas T Lee
President
$0
Cornelia Beshar Spring
Vice President
$0
George Lindsay
Secretary
$0
Joanne Landau
Chairperson
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$107,436
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,283,909
Noncash contributions included in lines 1a–1f $15,602
Total Revenue from Contributions, Gifts, Grants & Similar$4,391,345
Total Program Service Revenue$0
Investment income $1,279,024
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $212,126
Net Gain/Loss on Asset Sales $1,633,128
Net Income from Fundraising Events $14,610
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,530,233

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Westchester Community College Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
John T And Jane A Wiederhold Foundation

Torrington, CT

PURPOSE: SCHOLARSHIP FOR VETERINARY TECHNOLOGY STUDENTS

$10,000
George E & Kathleen E Austin Foundation

Bronxville, NY

PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSES

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$43,114,953
Earnings-$9,721,356
Net Contributions$836,030
Other Expense$677,732
Grants$1,115,176
Ending Balance$32,436,719

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