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Nonprofiteer
← HUNTER COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by HUNTER COLLEGE FOUNDATION INC.

Totals

Total revenue
$22,789,185
Total expenses
$20,613,990
Contributions and grants received
$16,664,996
Grants paid
$11,260,344
Program service revenue
$0
Investment income
$6,124,189
Other revenue
$0
Total assets, end of year
$224,707,579
Total liabilities, end of year
$1,084,580
Net assets or fund balances, end of year
$223,622,999
Program services expenses (Part IX)
$18,724,923
Management and general expenses
$1,201,918
Fundraising expenses
$687,149
Program service expenses (Part III)
$18,724,923

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $16,664,996

  • 1g · Noncash contributions included above

    $778,397

  • 3 · Investment income

    total $5,666,921 · excluded $5,666,921

  • 7a · Gross sales of assets other than inventory

    securities $44,554,968

  • 7b · Less cost or other basis and sales expenses

    securities $44,097,700

  • 7c · Gain or loss

    securities $457,268

  • 7d · Net gain or loss

    total $457,268 · excluded $457,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,853,770 · program services $9,853,770

  • 2 · Grants to domestic individuals

    total $1,406,574 · program services $1,406,574

  • 7 · Other salaries and wages

    total $3,490,016 · program services $2,859,799 · management and general $630,217

  • 10 · Payroll taxes

    total $329,606 · program services $259,282 · management and general $70,324

  • 11c · Fees: accounting

    total $34,708 · management and general $34,708

  • 11e · Fees: professional fundraising services

    total $69,134 · fundraising $69,134

  • 11f · Fees: investment management

    total $282,414 · management and general $282,414

  • 11g · Fees: other

    total $2,025,746 · program services $1,884,824 · management and general $33,687 · fundraising $107,235

  • 12 · Advertising and promotion

    total $8,121 · program services $1,000 · fundraising $7,121

  • 13 · Office expenses

    total $349,811 · program services $323,618 · management and general $2,393 · fundraising $23,800

  • 14 · Information technology

    total $151,285 · program services $38,033 · management and general $113,124 · fundraising $128

  • 17 · Travel

    total $399,588 · program services $398,772 · fundraising $816

  • 19 · Conferences, conventions and meetings

    total $184,507 · program services $178,499 · management and general $6,008

  • 23 · Insurance

    total $33,147 · program services $8,067 · management and general $25,080

  • 24a · Other expenses: PUBLIC PROGRAMS & EXHIB

    total $1,055,748 · program services $915,726 · management and general $3,963 · fundraising $136,059

  • 24b · Other expenses: HONORARIUM

    total $488,160 · program services $488,160

  • 24c · Other expenses: ALUMNI AFFAIRS

    total $257,790 · program services $40,219 · fundraising $217,571

  • 24d · Other expenses: PUBLICATIONS

    total $169,107 · program services $52,224 · fundraising $116,883

  • 24e · All other expenses

    total $24,758 · program services $16,356 · fundraising $8,402

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,734,379 · end of year $6,053,919

  • 2 · Savings and temporary cash investments

    beginning of year $8,189,423 · end of year $6,451,871

  • 3 · Pledges and grants receivable

    beginning of year $11,175,852 · end of year $10,852,824

  • 4 · Accounts receivable

    beginning of year $601,982 · end of year $659,302

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,588 · end of year $36,540

  • 11 · Investments: publicly traded securities

    beginning of year $161,894,430 · end of year $186,616,764

  • 12 · Investments: other securities

    beginning of year $13,876,488 · end of year $13,340,257

  • 15 · Other assets

    beginning of year $687,769 · end of year $696,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,529,921 · end of year $310,698

  • 19 · Deferred revenue

    beginning of year $114,845 · end of year $762,749

  • 25 · Other liabilities

    beginning of year $11,133 · end of year $11,133

  • 27 · Net assets without donor restrictions

    beginning of year $2,920,124 · end of year $6,675,375

  • 28 · Net assets with donor restrictions

    beginning of year $203,617,888 · end of year $216,947,624

Mission and programs · 2023

Mission

THE MISSION OF THE HUNTER COLLEGE FOUNDATION IS TO ENHANCE HUNTERCOLLEGE'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION. HUNTER COLLEGE IS COMPRISED OF THE SCHOOL OF THE ARTS & SCIENCES, SCHOOL OF EDUCATION, SCHOOL OF SOCIAL WORK, SCHOOL OF URBAN PUBLIC HEALTH, HUNTER COLLEGE SCHOOL OF NURSING, HUNTER COLLEGE HIGH SCHOOL, AND HUNTER COLLEGE ELEMENTARY SCHOOL.THE HUNTER COLLEGE FOUNDATION BOARD CONSISTS OF A SELECT NUMBER OF OUTSTANDING ALUMNI AND DISTINGUISHED COMMUNITY AND BUSINESS LEADERS WHO ARE COMMITTED TO HELP RAISE THE COLLEGE'S PUBLIC IMAGE AND RAISE FUNDS TO FURTHER STRENGTHEN THE INSTITUTION.

Activities or mission (Part I)

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

  • 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.

    Expenses $1,898,070 · Grants $1,898,070

  • 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.

    Expenses $11,728,863 · Grants $4,264,284

  • 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 1,720 STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE HUNTER COLLEGE FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30,2024. DURING FISCAL YEAR ENDING JUNE 30, 2024, HUNTER COLLEGE FOUNDATION DISTRIBUTED 168 EMERGENCY STIPENDS (APPROXIMATELY $99,600) AND TECHNOLOGY TO STUDENTS IN NEED IN FISCAL YEAR 2023-24.

    Expenses $5,097,990 · Grants $5,097,990

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cathy Weinroth

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Abigail Levy

    CHAIR (CURRENT)

    Total calculated
    $0
    Hours/week
    2
  • Suzanne R Santry

    VICE CHAIR (TO 6/30/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Kelle Jacob

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Steve Swiatkiewicz

    SECRETARY (TO 6/30/2024)

    Total calculated
    $0
    Hours/week
    2
  • Abhinav Anshu Prasad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Alex Kohen

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Mary Cirillo-Goldberg

    TRUSTEE (TO 6/30/2024)

    Total calculated
    $0
    Hours/week
    2
  • Diane Volk

    TRUSTEE (TO 6/30/2024)

    Total calculated
    $0
    Hours/week
    2
  • Jody Gottfried Arnhold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Patty C Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dan Berger

    TRUSTEE (TO 6/30/2024)

    Total calculated
    $0
    Hours/week
    2
  • Susan V Bershad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Barbara G Chesler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Michael Cohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Michael Dean

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Michael P Frankfurt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Helene D Goldfarb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Harriet M Gruber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Neil Janovic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Elbrun Kimmelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robie Livingstone

    TRUSTEE (TO 10/2023)

    Total calculated
    $0
    Hours/week
    2
  • Sophia A Muirhead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Joy Nuga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mohammad Shaikh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Marshall Sonenshine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan M Steinhardt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ada Peluso

    EMERITI/NON-VOTING

    Total calculated
    $0
    Hours/week
    2
  • Ann Kirschner

    TRUSTEE

    Total calculated
    $225,825
    From this org
    $0
    From related orgs
    $186,632
    Other
    $39,193
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,632 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,193 related
    Filer's total
    $0 + $225,825 related
  • Jennifer R Raab

    EX-OFFICIO TRUSTEE

    Total calculated
    $975,006
    From this org
    $0
    From related orgs
    $805,790
    Other
    $169,216
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $805,790 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $169,216 related
    Filer's total
    $0 + $975,006 related
  • Helen Adams-Keane

    EXECUTIVE DIRECTOR

    Total calculated
    $52,206
    From this org
    $52,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Alexis L Eggleton

    EXECUTIVE DIRECTOR/ VICE P

    Total calculated
    $13,537
    From this org
    $0
    From related orgs
    $11,188
    Other
    $2,349
    Hours/week
    40
  • Rebecca F Dangoor

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $91,008
    From this org
    $74,285
    From related orgs
    $16,723
    Other
    $0
    Hours/week
    40
  • Steven Mark

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $168,961
    From this org
    $0
    From related orgs
    $139,637
    Other
    $29,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $139,637 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,324 related
    Filer's total
    $0 + $168,961 related
  • Eve A Levy

    MAJOR GIFT OFFICER

    Total calculated
    $186,272
    From this org
    $0
    From related orgs
    $186,272
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $186,272 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $186,272 related
  • Charlene Culler

    DIRECTOR OF ANNUAL GIVING

    Total calculated
    $172,524
    From this org
    $0
    From related orgs
    $142,582
    Other
    $29,942
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $142,582 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,942 related
    Filer's total
    $0 + $172,524 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
HUNTER COLLEGE IS PART OF THE CITY UNIVERSITY OF NEW YORK ("CUNY"), A QUASI-GOVERNMENTAL ENTITY, AND THEREFORE FOLLOWS CUNY'S HIRING PRACTICES. THIS POSITION IS IN THE CUNY EXECUTIVE COMPENSATION PLAN ("ECP"). THE BOARD OF TRUSTEES OF CUNY ESTABLISHES COMPENSATION RANGES FOR ECP EMPLOYEES BASED ON THE LEVEL OF RESPONSIBILITY AND REVIEWS AND APPROVES ALL ECP APPOINTMENTS TO ENSURE COMPARABILITY ACROSS THE CUNY SYSTEM WHICH CONSISTS OF TWENTY-FIVE COLLEGES AND SCHOOLS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CUNY CENTRAL OFFICE - OFFICE OF UNIVERSITY CONTROLLER

    $4,723,130

    CUNY CENTRAL OFFICE DISTRIBUTES THE SCHOLARSHIPS TO HUNTER STUDENTS ON BEHALF OF HUNTER COLLEGE.

  • HUNTER COLLEGE OF THE CITY UNIVERSITY OF NEW YORK

    $3,650,795

    TO SUPPORT HUNTER COLLEGE TOWARDS SALARIES, SCHOLARSHIPS, EQUIPMENT, PROGRAM, CAMPUS SCHOOL

  • TO SUPPORT RESEARCH

  • TO SUPPORT CONSTRUCTION OF COOPERMAN LIBRARY 2ND FLOOR

  • JOAN H.TISCH COMMUNITY PRIZE FOR HEALTH ACCESS INITIATIVE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HCF RENOVATION FOUNDATION INC

    501(C)(3) · RENOVATING, IMPROVING, CONSTRUCTING, EXPANDING & ENHANCING HUNTER COLLEGE · NY · controlled entity

    Directly controlled by HUNTER COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202501299349301510

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