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← CUNY SCHOOL OF PROFESSIONAL STUDIES FOUNDATION INC

Form 990 for tax year 2022

Filed by CUNY SCHOOL OF PROFESSIONAL STUDIES FOUNDATION INC.

Totals

Total revenue
$304,918
Total expenses
$499,093
Contributions and grants received
$289,606
Grants paid
$442,852
Program service revenue
$0
Investment income
$15,312
Other revenue
$0
Total assets, end of year
$974,690
Total liabilities, end of year
$22,297
Net assets or fund balances, end of year
$952,393
Program services expenses (Part IX)
$442,852
Management and general expenses
$24,450
Fundraising expenses
$31,791
Program service expenses (Part III)
$442,852

Program services were 88.7% 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

    $289,606

  • 1g · Noncash contributions included above

    $32,892

  • 3 · Investment income

    total $7,084 · excluded $7,084

  • 7a · Gross sales of assets other than inventory

    securities $8,228

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

    securities $0

  • 7c · Gain or loss

    securities $8,228

  • 7d · Net gain or loss

    total $8,228 · excluded $8,228

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $442,852 · program services $442,852

  • 11c · Fees: accounting

    total $7,150 · management and general $7,150

  • 23 · Insurance

    total $1,766 · management and general $1,766

  • 24a · Other expenses: SOLICITATION EXPENSE

    total $31,791 · fundraising $31,791

  • 24b · Other expenses: LICENSE FEES

    total $13,299 · management and general $13,299

  • 24c · Other expenses: MISCELLANEOUS

    total $2,235 · management and general $2,235

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $385,072 · end of year $295,943

  • 3 · Pledges and grants receivable

    beginning of year $163,609 · end of year $190,564

  • 4 · Accounts receivable

    beginning of year $40 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,982 · end of year $17,369

  • 12 · Investments: other securities

    beginning of year $568,138 · end of year $452,475

  • 15 · Other assets

    beginning of year $18,135 · end of year $18,339

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,223 · end of year $14,576

  • 25 · Other liabilities

    beginning of year $8,027 · end of year $7,721

  • 27 · Net assets without donor restrictions

    beginning of year $307,055 · end of year $201,333

  • 28 · Net assets with donor restrictions

    beginning of year $832,671 · end of year $751,060

Mission and programs · 2022

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING THE SCHOOL OF PROFESSIONAL STUDIES, A CONSTITUENT UNIT OF THE CITY UNIVERSITY OF NEW YORK, BY DISBURSING SCHOLARSHIPS AND AWARDS TO ELIGIBLE STUDENTS.

Activities or mission (Part I)

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING THE SCHOOL OF PROFESSIONAL STUDIES, ACONSTITUENT UNIT OF THE CITY UNIVERSITY OF NEW YORK, BY DISBURSING SCHOLARSHIPS AND AWARDS TO ELIGIBLE STUDENTS.

  • THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING THE SCHOOL OF PROFESSIONAL STUDIES, ACONSTITUENT UNIT OF THE CITY UNIVERSITY OF NEW YORK, BY DISBURSING SCHOLARSHIPS AND AWARDS TO ELIGIBLE STUDENTS.

    Expenses $442,852 · Grants $442,852

As filed on the 2022 return.

Listed in Part VII

  • BEATRIZ DE LA TORRE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIE GILES GREEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE ROSEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BLAKE FOOTE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JOEL COHEN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • PATTI LIEBERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DONATUS ANUSIOMU

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE BENJAMIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAMELA BRIER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEA KILRAINE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON KUBICA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRENNAN MARCANO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NADINE MARTIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT KISSANE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JORGE P SILVA-PURAS

    INTERIM DEAN

    Total calculated
    $471,783
    From this org
    $0
    From related orgs
    $312,439
    Other
    $159,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $312,439 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $65,612 related
    Nontaxable benefits
    $0 + $93,732 related
    Filer's total
    $0 + $471,783 related

  • MICHAEL IADOROLA

    EXECUTIVE DIRECTOR OF DEVELOPMENT

    Total calculated
    $201,499
    From this org
    $0
    From related orgs
    $133,443
    Other
    $68,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $133,443 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,023 related
    Nontaxable benefits
    $0 + $40,033 related
    Filer's total
    $0 + $201,499 related

  • LAWRENCE MACLEAN

    INTERIM DIRECTOR OF BUDGET AND FINANCE

    Total calculated
    $214,756
    From this org
    $0
    From related orgs
    $142,222
    Other
    $72,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,222 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,867 related
    Nontaxable benefits
    $0 + $42,667 related
    Filer's total
    $0 + $214,756 related

  • GARRETT MCGUIRE TABB

    DIRECTOR OF BUDGET AND FINANCE

    Total calculated
    $66,484
    From this org
    $0
    From related orgs
    $44,029
    Other
    $22,455
    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

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

No itemized grants to organizations 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
15 March 2024
IRS schema version
2022v5.0
Source object
202400759349301425

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