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Nonprofiteer
← QUEENS COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by QUEENS COLLEGE FOUNDATION INC.

Totals

Total revenue
$21,653,406
Total expenses
$11,662,483
Contributions and grants received
$10,219,164
Grants paid
$3,493,541
Program service revenue
$0
Investment income
$11,462,225
Other revenue
-$27,983
Total assets, end of year
$113,382,842
Total liabilities, end of year
$951,760
Net assets or fund balances, end of year
$112,431,082
Program services expenses (Part IX)
$8,401,700
Management and general expenses
$2,426,414
Fundraising expenses
$834,369
Program service expenses (Part III)
$8,401,700

Program services were 72.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHAIM Z WACHSBERGER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FRANK H WU

    PRESIDENT

    Total calculated
    $495,926
    From this org
    $0
    From related orgs
    $464,678
    Other
    $31,248
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,992 related
    Bonus
    $0
    Other
    $0 + $79,686 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $11,448 related
    Filer's total
    $0 + $495,926 related

  • HOWARD SIPZNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SAUL J KUPFERBERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ADAM BEHLMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMBER A GUTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROL J HOCHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CELESTE A GUTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES SWARNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID CHU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID I WEINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID ROSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DINA PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD BROWNSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS E RESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FREDA S JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GAIL A MARQUIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARRIS M HOROWITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IRA B LAMPERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES A MITAROTONDA

    TRUSTEE (THRU 5/24)

    Total calculated
    $0
    Hours/week
    1

  • JAMIE KLEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIUS MERCADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE FENSTERSTOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK E ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAX RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • OLIVIER F NOEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD BARAKAT

    TRUSTEE (THRU 1/24)

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL M ARTZT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE STIEFEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN DANIELS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA A FERNANDEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURIE DORF

    EXECUTIVE DIRECTOR

    Total calculated
    $274,465
    From this org
    $0
    From related orgs
    $211,329
    Other
    $63,136
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,329 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,762 related
    Nontaxable benefits
    $0 + $35,374 related
    Filer's total
    $0 + $274,465 related

  • MAUREEN GIANNOTTI

    CONTROLLER

    Total calculated
    $151,893
    From this org
    $151,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $151,893
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,893

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:
THE FOUNDATION DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED IN PART VII OF THE FORM 990. ALL OFFICER COMPENSATION IS PAID BY A RELATED ORGANIZATION, QUEENS COLLEGE. QUEENS COLLEGE IS A MUNICIPAL EMPLOYER AND ALL OFFICER SALARIES ARE GOVERNED BY CONTRACTS NEGOTIATED BETWEEN THE STATE, NEW YORK CITY, AND TRADE MUNICIPAL UNIONS.
FORM 990, PART VII, SECTION A, LINE 5:
THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK (AN UNRELATED ORGANIZATION) HAS PROVIDED MAUREEN GIANNOTTI WITH COMPENSATION OF $151,893 FOR SERVICES PROVIDED AS THE CONTROLLER TO QUEEN'S COLLEGE FOUNDATION, INC.

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

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
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349300210

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