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Nonprofiteer
← HUNTER COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by HUNTER COLLEGE FOUNDATION INC.

Totals

Total revenue
$29,781,442
Total expenses
$28,114,273
Contributions and grants received
$14,907,556
Grants paid
$16,887,459
Program service revenue
$0
Investment income
$14,873,886
Other revenue
$0
Total assets, end of year
$233,341,717
Total liabilities, end of year
$935,731
Net assets or fund balances, end of year
$232,405,986
Program services expenses (Part IX)
$24,922,795
Management and general expenses
$2,053,466
Fundraising expenses
$1,138,012
Program service expenses (Part III)
$24,922,795

Program services were 88.6% 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

    $14,907,556

  • 1g · Noncash contributions included above

    $2,467,586

  • 3 · Investment income

    total $6,711,590 · excluded $6,711,590

  • 7a · Gross sales of assets other than inventory

    securities $74,203,570

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

    securities $66,041,274

  • 7c · Gain or loss

    securities $8,162,296

  • 7d · Net gain or loss

    total $8,162,296 · excluded $8,162,296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,054,220 · program services $15,054,220

  • 2 · Grants to domestic individuals

    total $1,833,239 · program services $1,833,239

  • 7 · Other salaries and wages

    total $3,758,263 · program services $3,003,880 · management and general $754,383

  • 10 · Payroll taxes

    total $357,234 · program services $274,059 · management and general $83,175

  • 11c · Fees: accounting

    total $37,601 · management and general $37,601

  • 11e · Fees: professional fundraising services

    total $75,900 · fundraising $75,900

  • 11f · Fees: investment management

    total $437,712 · management and general $437,712

  • 11g · Fees: other

    total $2,813,711 · program services $2,667,073 · management and general $107,169 · fundraising $39,469

  • 12 · Advertising and promotion

    total $89,792 · fundraising $89,792

  • 13 · Office expenses

    total $341,235 · program services $255,966 · management and general $1,526 · fundraising $83,743

  • 14 · Information technology

    total $227,343 · program services $45,601 · management and general $71,909 · fundraising $109,833

  • 17 · Travel

    total $539,610 · program services $538,968 · fundraising $642

  • 19 · Conferences, conventions and meetings

    total $153,479 · program services $152,274 · fundraising $1,205

  • 23 · Insurance

    total $35,367 · management and general $35,367

  • 24a · Other expenses: PUBLIC PROGRAMS & EXHIB

    total $967,429 · program services $777,895 · management and general $2,165 · fundraising $187,369

  • 24b · Other expenses: ALUMNI AFFAIRS

    total $392,580 · program services $99,323 · fundraising $293,257

  • 24c · Other expenses: PUBLICATIONS

    total $315,351 · program services $82,040 · fundraising $233,311

  • 24e · All other expenses

    total $684,207 · program services $138,257 · management and general $522,459 · fundraising $23,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,053,919 · end of year $1,751,841

  • 2 · Savings and temporary cash investments

    beginning of year $6,451,871 · end of year $3,148,550

  • 3 · Pledges and grants receivable

    beginning of year $10,852,824 · end of year $7,196,388

  • 4 · Accounts receivable

    beginning of year $659,302 · end of year $871,234

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,540 · end of year $37,598

  • 11 · Investments: publicly traded securities

    beginning of year $186,616,764 · end of year $200,932,015

  • 12 · Investments: other securities

    beginning of year $13,340,257 · end of year $18,707,989

  • 15 · Other assets

    beginning of year $696,102 · end of year $696,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,698 · end of year $472,538

  • 19 · Deferred revenue

    beginning of year $762,749 · end of year $453,671

  • 25 · Other liabilities

    beginning of year $11,133 · end of year $9,522

  • 27 · Net assets without donor restrictions

    beginning of year $6,675,375 · end of year $10,696,367

  • 28 · Net assets with donor restrictions

    beginning of year $216,947,624 · end of year $221,709,619

Mission and programs · 2024

Mission

THE MISSION OF THE HUNTER COLLEGE FOUNDATION IS TO ENHANCE HUNTER COLLEGE'S POSITION AS A PREMIERE PUBLIC EDUCATIONAL INSTITUTION. HUNTER COLLEGE IS COMPRISED OF THE SCHOOL OF THE ARTS & SCIENCES, SCHOOL OF EDUCATION, SCHOOL OF SOCIAL WORK, SCHOOL OF URBAN PUBLIC HEALTH, HUNTER COLLEGE SCHOOL OF NURSING, HUNTER COLLEGE HIGH SCHOOL, AND HUNTER COLLEGE ELEMENTARY SCHOOL. THE HUNTER COLLEGE FOUNDATION BOARD CONSISTS OF A SELECT NUMBER OF OUTSTANDING ALUMNI AND DISTINGUISHED COMMUNITY AND BUSINESS LEADERS WHO ARE COMMITTED TO HELP RAISE THE COLLEGE'S PUBLIC IMAGE AND RAISE FUNDS TO FURTHER STRENGTHEN THE INSTITUTION.

Activities or mission (Part I)

TO ACCOMPLISH ITS MISSION, THE HUNTER COLLEGE FOUNDATION ENGAGES IN THE FOLLOWING ACTIVITIES:- ACTIVELY PROMOTES HUNTER COLLEGE, INCLUDING ALL OF ITS SCHOOLS, PROGRAMS, CENTERS, AND CAMPUSES- CULTIVATES RELATIONSHIPS THAT LEAD TO FUNDING- ENGAGES CURRENT AND POTENTIAL DONORS IN THE LIFE OF THE COLLEGE- MANAGES INVESTMENTS JUDICIOUSLY- ENSURES THAT RESTRICTED FUNDS ARE UTILIZED FOR DONOR-RESTRICTED PURPOSES.- AREAS OF SUPPORT INCLUDE:- FACULTY RECRUITMENT, DEVELOPMENT, AND RETENTION- ACCESS FOR QUALIFIED STUDENTS, INCLUDING SCHOLARSHIPS AND FELLOWSHIPS- STUDENT SUPPORT SERVICES- PROGRAM DEVELOPMENT- MATERIAL, TECHNOLOGY, AND EQUIPMENT- FACILITY DEVELOPMENT AND MAINTENANCE.

  • FACILITY RENOVATIONS: THE HUNTER COLLEGE FOUNDATION SUPPORTS THE REPAIRS, RENOVATION AND IMPROVEMENTS OF THE FACILITIES AT HUNTER COLLEGE SUCH AS RENOVATION OF THE LIBRARY, UPGRADES TO CLASSROOMS AND LABORATORIES AND PURCHASE OF STATE OF THE ART EQUIPMENT. THIS SUPPORTS THE COLLEGE IN ITS ENDEAVOR TO OFFER ITS STUDENTS THE BEST FACILITIES AND LEARNING ENVIRONMENT.

    Expenses $7,978,261 · Grants $7,978,261

  • EDUCATIONAL PROGRAMS: THE FOUNDATION PROVIDES SUPPORT TO ACADEMIC PROGRAMS TO HELP ADVANCE EDUCATIONAL EXCELLENCE AND FURTHER CURRICULUM AND FACULTY DEVELOPMENT. THE FOUNDATION ALSO HELPS TO SUPPORT AND CREATE NEW PROGRAMS AND DEPARTMENTS. DURING FISCAL YEAR ENDING JUNE 30, 2025, HUNTER COLLEGE FOUNDATION DISTRIBUTED 185 EMERGENCY STIPENDS (APPROXIMATELY $193,714) AND TECHNOLOGY TO STUDENTS IN NEED IN FISCAL YEAR 2024-25.

    Expenses $12,214,404 · Grants $4,179,069

  • SCHOLARSHIPS AND GRANTS: THE HUNTER COLLEGE FOUNDATION DISTRIBUTES A VARIETY OF SCHOLARSHIPS TO DESERVING STUDENTS BASED ON CRITERIA SUCH AS MERIT, NEED, GRADE POINT AVERAGE AND DECLARATION OF A MAJOR COURSE OF STUDY. THESE SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN EDUCATING THE NEXT GENERATION OF CITIZENS AND PERPETUATING THE EXTRAORDINARY HUNTER COMMUNITY OF SCHOLARS, STUDENTS AND ALUMNI. APPROXIMATELY 1122 STUDENTS RECEIVED SCHOLARSHIPS THROUGH THE HUNTER COLLEGE FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30, 2025.

    Expenses $4,730,130 · Grants $4,730,129

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Abhinavanshu Prasad

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Abigail Levy

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Alex Kohen

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Alteronce Gumby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Barbara G Chesler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Carol Crossdale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Debra Heinrich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Elbrun Kimmelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Helene D Goldfarb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jack Bierwirth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jody Gottfried Arnhold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Joy Nuga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Kelle Jacob

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Marshall Sonenshine

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Michael Cohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Michael P Frankfurt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Michele Golodetz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mohammad Shaikh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Nancy Cantor

    EX-OFFICIO TRUSTEE

    Total calculated
    $182,742
    From this org
    $173,548
    From related orgs
    $0
    Other
    $9,194
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $153,240
    Bonus
    $0
    Other
    $20,308
    Deferred
    $9,194
    Nontaxable benefits
    $0
    Filer's total
    $182,742
  • Neil Janovic

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Patty C Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Ron Spurga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sophia Muirhead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan M Steinhardt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Susan V Bershad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Alexis L Eggleton

    EXECUTIVE DIRECTOR/VICE PRESIDENT

    Total calculated
    $273,170
    From this org
    $224,194
    From related orgs
    $0
    Other
    $48,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,194
    Bonus
    $0
    Other
    $0
    Deferred
    $13,452
    Nontaxable benefits
    $35,524
    Filer's total
    $273,170
  • Gerry Ratsen

    HEAD ACCOUNTANT

    Total calculated
    $122,269
    From this org
    $122,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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:
HUNTER COLLEGE IS PART OF THE CITY UNIVERSITY OF NEW YORK ("CUNY"), A QUASI-GOVERNMENTAL ENTITY, AND THEREFORE FOLLOWS CUNY'S HIRING PRACTICES. THIS POSITION IS IN THE CUNY EXECUTIVE COMPENSATION PLAN ("ECP"). THE BOARD OF TRUSTEES OF CUNY ESTABLISHES COMPENSATION RANGES FOR ECP EMPLOYEES BASED ON THE LEVEL OF RESPONSIBILITY AND REVIEWS AND APPROVES ALL ECP APPOINTMENTS TO ENSURE COMPARABILITY ACROSS THE CUNY SYSTEM WHICH CONSISTS OF TWENTY-FIVE COLLEGES AND SCHOOLS.
FORM 990, PART VII SECTION A, LINE 5:
THE COMPENSATED INDIVIDUALS LISTED IN FORM 990 PART VII ARE EMPLOYEES OF CITY UNIVERSITY OF NEW YORK, AN UNRELATED ORGANIZATION. ALEXIS EGGLETON SERVES AS THE EXECUTIVE DIRECTOR/VICE PRESIDENT FOR THE FILING ORGANIZATION. NANCY CANTOR SERVES AS AN EX-OFFICIO TRUSTEE FOR THE FILING ORGANIZATION.

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

  • TO SUPPORT CONSTRUCTION OF COOPERMAN LIBRARY 2ND FLOOR

  • CUNY CENTRAL OFFICE- OFFICE OF UNIVERSITY CONTROLLER

    $4,004,857

    CUNY CENTRAL OFFICE DISTRIBUTES THE SCHOLARSHIPS TO HUNTER STUDENTS ON BEHALF OF HUNTER COLLEGE

  • HUNTER COLLEGE OF THE CITY UNIVERSITY OF NEW YORK

    $3,030,553

    TO SUPPORT HUNTER COLLEGE TOWARDS SALARIES, SCHOLARSHIPS, EQUIPMENT, PROGRAM, CAMPUS SCHOOL

  • TO SUPPORT RESEARCH, FACULTY AND PROGRAM ADMINISTRATION

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.

  • HCF RENOVATION FOUNDATION INC

    501(C)(3) · RENOVATING, IMPROVING, CONSTRUCTING, EXPANDING & ENHANCING HUNTER COLLEGE · NY · controlled entity

    Directly controlled by HUNTER COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202621109349300832

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