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Nonprofiteer
← FOUNDATION FOR CITY COLLEGE

Form 990 for tax year 2024

Filed by FOUNDATION FOR CITY COLLEGE.

Totals

Total revenue
$61,529,143
Total expenses
$37,056,675
Contributions and grants received
$42,211,667
Grants paid
$20,689,381
Program service revenue
$260,955
Investment income
$18,637,486
Other revenue
$419,035
Total assets, end of year
$472,073,102
Total liabilities, end of year
$17,393,228
Net assets or fund balances, end of year
$454,679,874
Program services expenses (Part IX)
$32,584,728
Management and general expenses
$3,393,661
Fundraising expenses
$1,078,286
Program service expenses (Part III)
$32,584,728

Program services were 87.9% 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.

  • 1d · Related organizations

    $9,743,587

  • 1f · All other contributions, gifts and grants

    $32,468,080

  • 1g · Noncash contributions included above

    $2,144,614

  • 2a · Program service revenue: PROGRAM SERVICES

    total $260,955 · related or exempt $260,955

  • 3 · Investment income

    total $11,178,533 · unrelated business $49,757 · excluded $11,128,776

  • 7a · Gross sales of assets other than inventory

    securities $137,440,434

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

    securities $129,981,481

  • 7c · Gain or loss

    securities $7,458,953

  • 7d · Net gain or loss

    total $7,458,953 · excluded $7,458,953

  • 11a · Other revenue: CONFERENCE & SEMINAR SPONSORSHIP

    total $322,865 · excluded $322,865

  • 11b · Other revenue: FEE FOR RESEARCH PERFORMANCE

    total $47,086 · excluded $47,086

  • 11c · Other revenue: EVENT FEE

    total $26,694 · excluded $26,694

  • 11d · All other revenue

    total $22,390 · excluded $22,390

  • 11e · Other revenue, total

    $419,035

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,067,200 · program services $12,067,200

  • 2 · Grants to domestic individuals

    total $8,622,181 · program services $8,622,181

  • 7 · Other salaries and wages

    total $5,021,044 · program services $3,243,247 · management and general $1,576,780 · fundraising $201,017

  • 9 · Other employee benefits

    total $77,159 · program services $28,600 · management and general $38,913 · fundraising $9,646

  • 10 · Payroll taxes

    total $206,351 · program services $76,487 · management and general $104,068 · fundraising $25,796

  • 11c · Fees: accounting

    total $115,827 · management and general $115,827

  • 11e · Fees: professional fundraising services

    total $181,432 · fundraising $181,432

  • 11f · Fees: investment management

    total $789,209 · management and general $789,209

  • 11g · Fees: other

    total $4,099,679 · program services $3,550,424 · management and general $493,459 · fundraising $55,796

  • 12 · Advertising and promotion

    total $58,229 · program services $43,561 · management and general $4,694 · fundraising $9,974

  • 13 · Office expenses

    total $84,702 · program services $20,385 · management and general $34,760 · fundraising $29,557

  • 14 · Information technology

    total $5,792 · program services $4,982 · management and general $137 · fundraising $673

  • 16 · Occupancy

    total $378,677 · program services $312,746 · management and general $30,146 · fundraising $35,785

  • 17 · Travel

    total $552,688 · program services $515,790 · management and general $5,511 · fundraising $31,387

  • 19 · Conferences, conventions and meetings

    total $1,053,927 · program services $983,566 · management and general $10,510 · fundraising $59,851

  • 23 · Insurance

    total $59,919 · program services $36,124 · management and general $23,675 · fundraising $120

  • 24a · Other expenses: REFRESHMENTS AND MEALS

    total $1,133,066 · program services $1,026,395 · management and general $2,675 · fundraising $103,996

  • 24b · Other expenses: SUBSCRIPTIONS & MEMBERS

    total $822,457 · program services $457,124 · management and general $131,129 · fundraising $234,204

  • 24c · Other expenses: SUPPLIES

    total $784,645 · program services $717,957 · management and general $23,021 · fundraising $43,667

  • 24d · Other expenses: OFFICE EQUIPMENT

    total $490,493 · program services $482,180 · management and general $8,313 · fundraising $0

  • 24e · All other expenses

    total $451,998 · program services $395,779 · management and general $834 · fundraising $55,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,719,544 · end of year $22,878,141

  • 3 · Pledges and grants receivable

    beginning of year $20,114,091 · end of year $17,412,553

  • 8 · Inventories for sale or use

    beginning of year $14,852 · end of year $12,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,884,748 · end of year $7,417,676

  • 11 · Investments: publicly traded securities

    beginning of year $374,465,452 · end of year $424,090,107

  • 15 · Other assets

    beginning of year $33,260 · end of year $262,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,176,868 · end of year $1,860,732

  • 19 · Deferred revenue

    beginning of year $0 · end of year $14,627,205

  • 25 · Other liabilities

    beginning of year $530,548 · end of year $905,291

  • 27 · Net assets without donor restrictions

    beginning of year $43,017,602 · end of year $57,121,664

  • 28 · Net assets with donor restrictions

    beginning of year $359,506,929 · end of year $397,558,210

Mission and programs · 2024

Mission

AN EDUCATIONAL FOUNDATION SUPPORTING STUDENTS AND PROGRAMS OF THE CITY COLLEGE OF NEW YORK, CITY UNIVERSITY OF NEW YORK.

Activities or mission (Part I)

AN EDUCATIONAL FOUNDATION SUPPORTING STUDENTS & PROGRAMS OF THE CITY COLLEGE OF NY, CUNY.

  • COLLEGE ACTIVITIES SUPPORTING PROGRAMS - PROVIDING SUPPORT TO STUDENTS, FACULTY, AND PROGRAMS WITHIN CITY COLLEGE.

    Expenses $23,967,297 · Grants $12,071,950 · Revenue $260,955

  • SCHOLARSHIP PROGRAMS - PROVIDING SCHOLARSHIPS FOR CITY COLLEGE STUDENTS.

    Expenses $8,617,431 · Grants $8,617,431

As filed on the 2024 return.

Listed in Part VII

  • Mr Martin Cohen

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ms Vivien R Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Vince Boudreau

    COLLEGE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mr Edward Blank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Joseph Fleischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Leonard Kleinrock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Maureen Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Frank J Sciame

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Sy Sternberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Lev Sviridov '05

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Michael Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Peter Zahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Nicolas Roc

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Jay Ko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Noopur Jain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Hazel-Ann Mayers James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Dee Dee Mozeleski

    SVP/EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • Mrlucas Koehler

    CFO & SENIOR FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • Ms Barbara Evans

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • Mr Edson Perez Amaya

    STAFF LIAISON

    Total calculated
    $0
    Hours/week
    35

  • Ms Michelle Ortega

    STAFF LIAISON

    Total calculated
    $0
    Hours/week
    35

  • Msvictoria Carter

    STAFF LIAISON

    Total calculated
    $0
    Hours/week
    20

  • Elizabeth Vaca-Valverde

    DIRECTOR OF ACCOUNTING

    Total calculated
    $174,639
    From this org
    $0
    From related orgs
    $128,634
    Other
    $46,005
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $128,634 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,291 related
    Nontaxable benefits
    $0 + $35,714 related
    Filer's total
    $0 + $174,639 related

  • Ronald Woodford

    ENDOWMENT ACCOUNTING MANAGER

    Total calculated
    $120,932
    From this org
    $0
    From related orgs
    $107,414
    Other
    $13,518
    Hours/week
    35

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
DOLISKI MOZELESKI AND LUCAS KOEHLER SERVE THE FOUNDATION AS THE SENIOR ADVISOR TO THE PRESIDENT, SENIOR VICE PRESIDENT & EXECUTIVE DIRECTOR, OIACER, AND CFO, RESPECTIVELY, BUT ARE PAID BY CUNY RESEARCH FOUNDATION. THE FOUNDATION FOR CITY COLLEGE CONTRIBUTES TO CUNY RESEARCH FOUNDATION. THE CONTRIBUTION IS RESTRICTED TO PAY THEIR SALARIES AND EMPLOYEE BENEFITS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 CITY COLLEGE OF CUNY

    IRC SEC 115 · EDUCATION · NY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CITY INNOVATIONS COLLABORATIVE LLC

    NY · income $0 · assets $0

    Directly controlled by FOUNDATION FOR CITY COLLEGE

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.5
Source object
202611139349300521

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.