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Nonprofiteer
← THE BRONX COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by THE BRONX COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$565,483
Total expenses
$466,984
Contributions and grants received
$542,514
Grants paid
$454,548
Program service revenue
$0
Investment income
$22,969
Other revenue
$0
Total assets, end of year
$2,494,882
Total liabilities, end of year
$50,136
Net assets or fund balances, end of year
$2,444,746
Program services expenses (Part IX)
$458,705
Management and general expenses
$8,279
Fundraising expenses
$0
Program service expenses (Part III)
$458,705

Program services were 98.2% 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.

  • 1f · All other contributions, gifts and grants

    $542,514

  • 1g · Noncash contributions included above

    $33,065

  • 3 · Investment income

    total $14,464 · excluded $14,464

  • 7a · Gross sales of assets other than inventory

    securities $8,505

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

    securities $0

  • 7c · Gain or loss

    securities $8,505

  • 7d · Net gain or loss

    total $8,505 · excluded $8,505

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,065 · program services $33,065

  • 2 · Grants to domestic individuals

    total $421,483 · program services $421,483

  • 11c · Fees: accounting

    total $7,775 · management and general $7,775

  • 23 · Insurance

    total $504 · management and general $504

  • 24a · Other expenses: MISCELLANEOUS

    total $4,157 · program services $4,157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,314,603 · end of year $1,295,690

  • 2 · Savings and temporary cash investments

    beginning of year $557,446 · end of year $572,969

  • 9 · Prepaid expenses and deferred charges

    end of year $504

  • 11 · Investments: publicly traded securities

    beginning of year $501,719 · end of year $625,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,067 · end of year $50,136

  • 27 · Net assets without donor restrictions

    beginning of year $593,575 · end of year $572,834

  • 28 · Net assets with donor restrictions

    beginning of year $1,728,126 · end of year $1,871,912

Mission and programs · 2023

Mission

TO BUILD AN ENDOWMENT FUND WHICH CAN PROVIDE INVESTMENT INCOME, THEREBY ENABLING THE COLLEGE TO MAINTAIN A LEVEL OF EXCELLENCE BEYOND THAT PROVIDED BY TAX DOLLARS. IT ENSURES CONTINUATION OF THE RECORD OF EXCELLENCE BY PROVIDING SUPPORT FOR STUDENT SCHOLARSHIPS, FACULTY RESEARCH, PROGRAM DEVELOPMENT, COMMUNITY EDUCATION AND CULTURAL ENRICHMENT.

Activities or mission (Part I)

THE BRONX COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED TO PROVIDE FINANCIAL RESOURCES BEYOND THAT PROVIDED BY TAX DOLLARS. THE FOUNDATION ENSURES CONTINUATION OF BCC'S RECORD OF EXCELLENCE BY MOBILIZING SUPPORT FOR STUDENT SCHOLARSHIPS, EDUCATIONAL PROGRAMMING, FACULTY INITIATIVES, TECHNOLOGY ADVANCES AND FACILITIES MAINTENANCE AND IMPROVEMENT.

  • TO PROVIDE SUPPORT FOR STUDENTS, FACULTY MEMBERS OF BRONX COMMUNITY COLLEGE OF NEW YORK.

    Expenses $458,705 · Grants $454,548

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

Listed in Part VII

  • Eddy Bayardelle PhD

    PRESIDENT

    Total calculated
    $312,147
    From this org
    $0
    From related orgs
    $206,720
    Other
    $105,427
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $105,427 related
    Filer's total
    $0 + $312,147 related

  • Michael Robinson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Luz Rosado

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Yokasa Segura Baez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alfredo M Angueira

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Milton Santiago EdD

    BOARD MEMBER

    Total calculated
    $304,513
    From this org
    $0
    From related orgs
    $201,664
    Other
    $102,849
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $102,849 related
    Filer's total
    $0 + $304,513 related

  • Elba Arias

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doris B Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amaurys Grullon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samantha Magistro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sterling Roberson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katherine Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • M Monica Sweeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dayanna Torres

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carolina Valenzuela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael G Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

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

  • BRONX COMMUNITY COLLEGE OF CUNY

    $0

    FOR USE IN AUTO TECH PROGRAM

  • BRONX COMMUNITY COLLEGE OF CUNY

    $0

    TO ASSIST STUDENTS IN NEED

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433199349316938

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