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Nonprofiteer
← BOROUGH OF MANHATTAN COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP

Form 990 for tax year 2022

Filed by BOROUGH OF MANHATTAN COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP.

Totals

Total revenue
$1,077,307
Total expenses
$939,237
Contributions and grants received
$0
Grants paid
$297,561
Program service revenue
$244,444
Investment income
$125,001
Other revenue
$707,862
Total assets, end of year
$24,158,352
Total liabilities, end of year
$194,439
Net assets or fund balances, end of year
$23,963,913
Program services expenses (Part IX)
$619,202
Management and general expenses
$320,035
Fundraising expenses
$0
Program service expenses (Part III)
$619,202

Program services were 65.9% 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.

  • 2a · Program service revenue: BOOKSTORE COMMISSIONS

    total $139,411 · related or exempt $139,411

  • 2b · Program service revenue: CAFETERIA COMMISSIONS

    total $105,033 · related or exempt $105,033

  • 3 · Investment income

    total $93,001 · excluded $93,001

  • 5 · Royalties

    total $3,074 · excluded $3,074

  • 6a · Gross rents

    real property $703,513

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $703,513

  • 6d · Net rental income or loss

    total $703,513 · excluded $703,513

  • 7a · Gross sales of assets other than inventory

    securities $1,575,244

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

    securities $1,543,244

  • 7c · Gain or loss

    securities $32,000

  • 7d · Net gain or loss

    total $32,000 · excluded $32,000

  • 11a · Other revenue: REVENUE - MISCELLANEOUS

    total $1,275 · excluded $1,275

  • 11e · Other revenue, total

    $1,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,000 · program services $89,000

  • 2 · Grants to domestic individuals

    total $208,561 · program services $208,561

  • 7 · Other salaries and wages

    total $197,124 · management and general $197,124

  • 11b · Fees: legal

    total $4,000 · management and general $4,000

  • 11f · Fees: investment management

    total $77,089 · management and general $77,089

  • 11g · Fees: other

    total $12,628 · management and general $12,628

  • 14 · Information technology

    total $428 · management and general $428

  • 15 · Royalties

    total $13,019 · management and general $13,019

  • 16 · Occupancy

    total $58,718 · program services $58,718

  • 22 · Depreciation, depletion and amortization

    total $1,338 · management and general $1,338

  • 23 · Insurance

    total $13,425 · management and general $13,425

  • 24a · Other expenses: INSTITUTIONAL INITIATIV

    total $129,990 · program services $129,990

  • 24b · Other expenses: COMMUNITY SERVICES PROG

    total $63,945 · program services $63,945

  • 24c · Other expenses: STUDENT DEVELOPMENT

    total $26,840 · program services $26,840

  • 24d · Other expenses: COLLEGE SPACE IMPROVEME

    total $19,681 · program services $19,681

  • 24e · All other expenses

    total $23,451 · program services $22,467 · management and general $984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,801 · end of year $454,498

  • 2 · Savings and temporary cash investments

    beginning of year $906,781 · end of year $928,408

  • 4 · Accounts receivable

    beginning of year $1,508,139 · end of year $307,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,700,200 · end of year $200

  • 10a · Land, buildings and equipment: cost or other basis

    $214,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $197,044

  • 10c · Land, buildings and equipment, net

    beginning of year $18,738 · end of year $17,400

  • 11 · Investments: publicly traded securities

    beginning of year $9,614,149 · end of year $22,450,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,086 · end of year $60,373

  • 21 · Escrow or custodial account liability

    beginning of year $82,581 · end of year $134,066

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $18,738 · end of year $17,400

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,845,403 · end of year $23,946,513

Mission and programs · 2022

Mission

TO PROVIDE AUXILIARY ENTERPRISES, SUCH AS FOOD SERVICES, A BOOKSTORE, ETC., FOR THE BENEFIT OF THE CAMPUS COMMUNITY OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE.

  • ONE OF THE AUXILIARY'S PRINCIPAL EXEMPT PURPOSES IS THE ADMINISTRATIVE OVERSIGHT OF REVENUE-GENERATING ENTREPRENEURIAL ACTIVITIES AT THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE. THE SERVICES INVOLVED ARE GENERALLY OUTSOURCED TO INDEPENDENT PROVIDERS CONTRACTING WITH, AND ANSWERABLE TO, THE AUXILIARY BOARD. THE COLLEGE'S BOOKSTORE, CAFETERIA, AND VENDING OPERATIONS ARE OUTSOURCED TO UNRELATED ORGANIZATIONS; THE AUXILIARY MANAGES THESE ACTIVITIES AND RECEIVES ALL COMMISSIONS EARNED UNDER THE CONTRACT.

    Expenses $330,138 · Grants $281,721 · Revenue $244,444

  • THE AUXILIARY PROVIDES SUPPORT TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT SERVICES.

    Expenses $193,935

  • THE AUXILIARY PROVIDES SUPPORT TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FACULTY BY FUNDING THE PROFESSIONAL DEVELOPMENT PROGRAMS FOR FACULTY INVOLVED IN THE CREATING AND TESTING THE ONLINE COURSES.

    Expenses $16,730 · Grants $15,840

  • FACILITY RENTALS

    Expenses $58,718

  • COLLEGE SPACE IMPROVEMENT

    Expenses $19,681

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elena Samuels

    CHAIR

    Total calculated
    $220,341
    From this org
    $0
    From related orgs
    $166,638
    Other
    $53,703
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,638 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,663 related
    Nontaxable benefits
    $0 + $32,040 related
    Filer's total
    $0 + $220,341 related

  • Yuliya Schneyderman

    DIRECTOR

    Total calculated
    $138,075
    From this org
    $0
    From related orgs
    $105,791
    Other
    $32,284
    Hours/week
    2 + 35 related

  • Joshua Belknap

    DIRECTOR

    Total calculated
    $130,256
    From this org
    $0
    From related orgs
    $79,553
    Other
    $50,703
    Hours/week
    2 + 35 related

  • Ena Jordan

    DIRECTOR

    Total calculated
    $161,286
    From this org
    $0
    From related orgs
    $139,106
    Other
    $22,180
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,106 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,975 related
    Nontaxable benefits
    $0 + $12,205 related
    Filer's total
    $0 + $161,286 related

  • Marina Abramov

    SECOND VICE CHAIR

    Total calculated
    $151,815
    From this org
    $0
    From related orgs
    $125,208
    Other
    $26,607
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,208 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,975 related
    Nontaxable benefits
    $0 + $16,632 related
    Filer's total
    $0 + $151,815 related

  • Michael Spath

    DIRECTOR

    Total calculated
    $193,697
    From this org
    $0
    From related orgs
    $142,939
    Other
    $50,758
    Hours/week
    2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,939 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,582 related
    Nontaxable benefits
    $0 + $32,176 related
    Filer's total
    $0 + $193,697 related

  • Ricardo Julien

    TREASURER

    Total calculated
    $132,486
    From this org
    $0
    From related orgs
    $110,252
    Other
    $22,234
    Hours/week
    2 + 35 related

  • Geoffrey Akst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carlene Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deondre Jean Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jonique Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mariana Abril

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jordon Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leo Pereira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

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
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202431219349301508

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