Totals
- Total revenue
- $13,518,092
- Total expenses
- $19,473,356
- Contributions and grants received
- $11,816,557
- Grants paid
- $7,773,582
- Program service revenue
- $0
- Investment income
- $1,930,615
- Other revenue
- -$229,080
- Total assets, end of year
- $291,818,822
- Total liabilities, end of year
- $2,720,037
- Net assets or fund balances, end of year
- $289,098,785
- Program services expenses (Part IX)
- $15,809,268
- Management and general expenses
- $1,189,369
- Fundraising expenses
- $2,474,719
- Program service expenses (Part III)
- $15,809,268
Program services were 81.2% 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.
-
1c · Fundraising events
$1,319,326
-
1f · All other contributions, gifts and grants
$10,497,231
-
1g · Noncash contributions included above
$699,179
-
3 · Investment income
total $3,806,511 · unrelated business $1,562,741 · excluded $2,243,770
-
7a · Gross sales of assets other than inventory
securities $41,466,398
-
7b · Less cost or other basis and sales expenses
securities $43,342,294
-
7c · Gain or loss
securities -$1,875,896
-
7d · Net gain or loss
total -$1,875,896 · excluded -$1,875,896
-
8a · Fundraising events: gross income
$129,329
-
8a · Fundraising events: contributions included on line 1c
$1,319,326
-
8b · Fundraising events: direct expenses
$358,409
-
8c · Net income from fundraising events
total -$229,080 · excluded -$229,080
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,684,398 · program services $6,684,398
-
2 · Grants to domestic individuals
total $1,089,184 · program services $1,089,184
-
5 · Compensation of officers, directors and key employees
total $180,938 · program services $22,305 · management and general $158,633
-
7 · Other salaries and wages
total $8,406,841 · program services $7,299,720 · management and general $185,203 · fundraising $921,918
-
9 · Other employee benefits
total $475,719 · management and general $171,026 · fundraising $304,693
-
10 · Payroll taxes
total $737,247 · program services $713,661 · fundraising $23,586
-
11b · Fees: legal
total $3,700 · fundraising $3,700
-
11c · Fees: accounting
total $203,980 · management and general $203,980
-
11e · Fees: professional fundraising services
total $203,000 · fundraising $203,000
-
11f · Fees: investment management
total $335,340 · management and general $335,340
-
11g · Fees: other
total $242,722 · management and general $10,405 · fundraising $232,317
-
12 · Advertising and promotion
total $6,717 · management and general $3,456 · fundraising $3,261
-
13 · Office expenses
total $563,524 · management and general $10,725 · fundraising $552,799
-
14 · Information technology
total $112,187 · management and general $20,708 · fundraising $91,479
-
16 · Occupancy
total $32,576 · management and general $26,001 · fundraising $6,575
-
17 · Travel
total $18,416 · fundraising $18,416
-
19 · Conferences, conventions and meetings
total $14,893 · management and general $2,353 · fundraising $12,540
-
23 · Insurance
total $61,539 · management and general $61,539
-
24a · Other expenses: PROGRAM EVENT EXPENSE
total $100,435 · fundraising $100,435
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,610,997 · end of year $1,266,584
-
2 · Savings and temporary cash investments
beginning of year $11,583,226 · end of year $6,346,629
-
3 · Pledges and grants receivable
beginning of year $14,551,712 · end of year $12,641,411
-
9 · Prepaid expenses and deferred charges
beginning of year $689,067 · end of year $843,714
-
11 · Investments: publicly traded securities
beginning of year $136,802,131 · end of year $165,718,710
-
12 · Investments: other securities
beginning of year $100,027,136 · end of year $101,307,590
-
15 · Other assets
beginning of year $3,111,997 · end of year $3,694,184
-
17 · Accounts payable and accrued expenses
beginning of year $1,217,177 · end of year $1,228,935
-
25 · Other liabilities
beginning of year $1,427,581 · end of year $1,491,102
-
27 · Net assets without donor restrictions
beginning of year $24,427,596 · end of year $25,533,296
-
28 · Net assets with donor restrictions
beginning of year $241,303,912 · end of year $263,565,489
Mission and programs · 2022
Mission
THE BARUCH COLLEGE FUND IS AN ORGANIZATION ENGAGED IN GENERATING, ENCOURAGING AND PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK.
Activities or mission (Part I)
THE FUND ENGAGES IN GENERATING, ENCOURAGING & PROMOTING THE EDUCATIONAL WELFARE OF THE STUDENTS OF THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK.
-
THE FUND SUPPORTS ACTIVITIES THROUGH GRANTS TO THE BERNARD M. BARUCH COLLEGE OF THE CITY UNIVERSITY OF NEW YORK ("THE COLLEGE") FOR VARIOUS EDUCATIONAL PURPOSES SUCH AS THE SUPPORT OF THE COLLEGE'S THEATER, PUBLICATIONS, FACULTY, ART GALLERY, AND STUDENT SERVICES. STUDENT SERVICES INCLUDE ACTIVITIES SUCH AS THE STARR CAREER DEVELOPMENT CENTER, THE SCHWARTZ COMMUNICATION INSTITUTE, AND THE WEISSMAN CENTER FOR INTERNATIONAL BUSINESS, WHICH SERVICE THE ENTIRE STUDENT BODY. IN ADDITION TO GRANTS, THE FUND PAYS EXPENSES, INCLUDING CERTAIN COMPENSATION SUPPLEMENTS, ON BEHALF OF THE COLLEGE TO ENABLE IT TO ATTRACT AND RETAIN THE BEST TALENT TO CARRY OUT ITS EDUCATIONAL MISSION.
Expenses $11,224,464 · Grants $3,188,778
-
EITHER DIRECTLY OR INDIRECTLY (THROUGH BCF FUNDS TRANSFERRED TO THE CITY UNIVERSITY OF NEW YORK TO REDUCE STUDENT TUITION OBLIGATIONS), THE BCF PROVIDED $4.58 MILLION IN SCHOLARSHIPS AND AWARDS TO 1,742 STUDENTS IN FISCAL YEAR 2023. ALL SCHOLARSHIP AND AWARDS RECIPIENTS ARE SELECTED BY THE COLLEGE AND APPROVED FOR AWARD BASED ON INDIVIDUAL SCHOLARSHIP AND AWARD FUND CRITERIA. AWARDS TO 628 STUDENTS INCLUDE, BUT ARE NOT LIMITED TO FUNDS DISTRIBUTED FOR STUDY ABROAD PROGRAMS, AWARDS TO RECOGNIZE ACADEMIC ACHIEVEMENT AND EMERGENCY FUNDS DISTRIBUTED BASED ON NEED DUE TO HARDSHIP.
Expenses $4,584,804 · Grants $4,584,804
As filed on the 2022 return.
Listed in Part VII
-
Dr S David WuDR S DAVID WU
PRES. OF BARUCH COLLEGE
- Total calculated
- $534,639
- From this org
- $0
- From related orgs
- $452,382
- Other
- $82,257
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $452,382 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $26,400 related
- Nontaxable benefits
- $22,305 + $33,552 related
- Filer's total
- $22,305 + $512,334 related
-
Helen J MillsHELEN J MILLS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Max W BergerMAX W BERGER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ClivnerDANIEL CLIVNER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Vincent J MasiVINCENT J MASI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joanne M HvalaJOANNE M HVALA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Marline N AlexanderMARLINE N ALEXANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert J AquilinaROBERT J AQUILINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Helene R BanksHELENE R BANKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jay BermanJAY BERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marc L BermanMARC L BERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Debra BernsteinDEBRA BERNSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin J BoyleKEVIN J BOYLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro CaneteALEJANDRO CANETE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald V DavisDONALD V DAVIS
TRUSTEE (AS OF 9/14/22)
- Total calculated
- $0
- Hours/week
- 1
-
Charles R DreifusCHARLES R DREIFUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mayer EstinvilleMAYER ESTINVILLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa FieldLISA FIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robyn FieldROBYN FIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Quamid FrancisQUAMID FRANCIS
TRUSTEE (AS OF 2/15/23)
- Total calculated
- $0
- Hours/week
- 1
-
Lewis FriedmanLEWIS FRIEDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer GallinoJENNIFER GALLINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Yu GanYU GAN
TRUSTEE (AS OF 11/16/22)
- Total calculated
- $0
- Hours/week
- 1
-
Buzzy GeduldBUZZY GEDULD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dov GertzulinDOV GERTZULIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William F HarnischWILLIAM F HARNISCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dennis J HickeyDENNIS J HICKEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan HirschSUSAN HIRSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter S JonasPETER S JONAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric M KirschERIC M KIRSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul M KorenPAUL M KOREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David KrellDAVID KRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joshua LatermanJOSHUA LATERMAN
TRUSTEE (AS OF 11/16/22)
- Total calculated
- $0
- Hours/week
- 1
-
Joseph M LeoneJOSEPH M LEONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christine S Li-AuyeungCHRISTINE S LI-AUYEUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Luz D LiebeskindLUZ D LIEBESKIND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven LipinerSTEVEN LIPINER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark MartinelliMARK MARTINELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Austin W MarxeAUSTIN W MARXE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karina Chiqui NarvaezKARINA CHIQUI NARVAEZ
TRUSTEE (AS OF 9/14/22)
- Total calculated
- $0
- Hours/week
- 1
-
Richard C PaulRICHARD C PAUL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
M Freddie ReissM FREDDIE REISS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dov C SchleinDOV C SCHLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carl C SchmidtCARL C SCHMIDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert H SchnellROBERT H SCHNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lin ShenLIN SHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stuart A ShikiarSTUART A SHIKIAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leon V ShivamberLEON V SHIVAMBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Po Y SitPO Y SIT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Darren J SmithDARREN J SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Howard I SmithHOWARD I SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vikram VarmaVIKRAM VARMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra K WassermanSANDRA K WASSERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric ZicklinERIC ZICKLIN
TRUSTEE (AS OF 9/14/22)
- Total calculated
- $0
- Hours/week
- 1
-
Katharine T CobbKATHARINE T COBB
VP ADMIN/FINANCE (UNTIL 4/17/23)
- Total calculated
- $285,048
- From this org
- $0
- From related orgs
- $230,043
- Other
- $55,005
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $230,043 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $25,419 related
- Nontaxable benefits
- $0 + $29,586 related
- Filer's total
- $0 + $285,048 related
-
Mary RiversMARY RIVERS
AVP OF BUDGET & PLANNING
- Total calculated
- $187,932
- From this org
- $0
- From related orgs
- $182,835
- Other
- $5,097
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $182,835 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,364 related
- Nontaxable benefits
- $0 + $1,733 related
- Filer's total
- $0 + $187,932 related
-
Irina LaskinIRINA LASKIN
CONTROLLER
- Total calculated
- $191,955
- From this org
- $158,633
- From related orgs
- $0
- Other
- $33,322
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $158,633
- Bonus
- $0
- Other
- $0
- Deferred
- $16,512
- Nontaxable benefits
- $16,810
- Filer's total
- $191,955
-
Yildiray YildirimYILDIRAY YILDIRIM
PROFESSOR
- Total calculated
- $545,477
- From this org
- $205,537
- From related orgs
- $278,137
- Other
- $61,803
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $205,537 + $278,137 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,251 related
- Nontaxable benefits
- $0 + $33,552 related
- Filer's total
- $205,537 + $339,940 related
-
Harry F HussHARRY F HUSS
DEAN (UNTIL 4/17/23)
- Total calculated
- $421,253
- From this org
- $118,600
- From related orgs
- $288,512
- Other
- $14,141
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $118,600 + $288,512 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,141 related
- Nontaxable benefits
- $0
- Filer's total
- $118,600 + $302,653 related
-
Scott NewbertSCOTT NEWBERT
PROFESSOR
- Total calculated
- $410,942
- From this org
- $102,100
- From related orgs
- $235,329
- Other
- $73,513
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $102,100 + $235,329 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $21,557 related
- Nontaxable benefits
- $0 + $51,956 related
- Filer's total
- $102,100 + $308,842 related
-
Linda AltshulerLINDA ALTSHULER
DEPUTY DIR. FOR LEADERSHIP
- Total calculated
- $119,770
- From this org
- $119,770
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0 + 35 related
-
Lin PengLIN PENG
PROFESSOR
- Total calculated
- $237,843
- From this org
- $117,180
- From related orgs
- $87,626
- Other
- $33,037
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $117,180 + $87,626 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $33,037 related
- Nontaxable benefits
- $0
- Filer's total
- $117,180 + $120,663 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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
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 1A
- THE PRESIDENT OF BERNARD M. BARUCH COLLEGE, AS A CONDITION OF HIS EMPLOYMENT, RESIDES IN A CUNY OWNED APARTMENT TO RESPOND TO EMERGENT SITUATIONS AT ANY TIME. AS A RESULT, THE FUND PAYS THE CONDOMINIUM COMMON CHARGES AND CABLE/INTERNET SERVICE FOR THE APARTMENT AND IS INCLUDED ON SCHEDULE J, PART II, COLUMN D. THIS IS INCLUDED IN THE ANNUAL BUDGET ALLOCATION FROM THE FUND, APPROVED BY THE FUND'S BOARD OF TRUSTEES AND IS TREATED AS NONTAXABLE.
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
-
BARUCH COLLEGE - THE CITY UNIVERSITY OF NY
$6,684,398
PROGRAM SUPPORT
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.
-
THE BERNARD M BARUCH COLLEGE OF CUNY
EDUCATION · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431299349301798
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