Form 990 for tax year 2023
Filed by BROOKLYN COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $19,419,084
- Total expenses
- $11,877,795
- Contributions and grants received
- $11,773,067
- Grants paid
- $7,943,496
- Program service revenue
- $0
- Investment income
- $7,549,055
- Other revenue
- $96,962
- Total assets, end of year
- $140,157,520
- Total liabilities, end of year
- $3,496,320
- Net assets or fund balances, end of year
- $136,661,200
- Program services expenses (Part IX)
- $9,332,928
- Management and general expenses
- $1,257,590
- Fundraising expenses
- $1,287,277
- Program service expenses (Part III)
- $9,332,928
Program services were 78.6% 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
$11,773,067
-
1g · Noncash contributions included above
$640,558
-
3 · Investment income
total $5,652,595 · excluded $5,652,595
-
7a · Gross sales of assets other than inventory
securities $56,280,501
-
7b · Less cost or other basis and sales expenses
securities $54,384,041
-
7c · Gain or loss
securities $1,896,460
-
7d · Net gain or loss
total $1,896,460 · excluded $1,896,460
-
11a · Other revenue: K-1 PASSTHROUGH
total $96,262 · unrelated business $96,262
-
11b · Other revenue: MISCELLANEOUS
total $700 · excluded $700
-
11e · Other revenue, total
$96,962
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,943,496 · program services $7,943,496
-
7 · Other salaries and wages
total $962,534 · management and general $290,537 · fundraising $671,997
-
8 · Pension plan contributions
total $72,290 · management and general $22,407 · fundraising $49,883
-
9 · Other employee benefits
total $246,368 · management and general $124,285 · fundraising $122,083
-
10 · Payroll taxes
total $79,246 · management and general $26,100 · fundraising $53,146
-
11b · Fees: legal
total $16,505 · management and general $16,505
-
11c · Fees: accounting
total $61,125 · management and general $61,125
-
11e · Fees: professional fundraising services
total $89,979 · fundraising $89,979
-
11f · Fees: investment management
total $460,970 · management and general $460,970
-
11g · Fees: other
total $707,036 · program services $590,405 · management and general $91,262 · fundraising $25,369
-
13 · Office expenses
total $375,871 · program services $97,683 · management and general $88,940 · fundraising $189,248
-
17 · Travel
total $123,527 · program services $115,883 · management and general $2,572 · fundraising $5,072
-
19 · Conferences, conventions and meetings
total $152,115 · program services $110,657 · fundraising $41,458
-
23 · Insurance
total $32,737 · management and general $32,737
-
24a · Other expenses: SUPPLIES
total $309,083 · program services $309,069 · management and general $14
-
24b · Other expenses: MISCELLANEOUS
total $229,078 · program services $149,900 · management and general $40,136 · fundraising $39,042
-
24c · Other expenses: MAINTENANCE AND REPAIRS
total $15,835 · program services $15,835
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $703,305 · end of year $975,585
-
2 · Savings and temporary cash investments
beginning of year $680,470 · end of year $2,607,577
-
3 · Pledges and grants receivable
beginning of year $4,893,110 · end of year $6,475,145
-
9 · Prepaid expenses and deferred charges
beginning of year $110,632 · end of year $87,275
-
11 · Investments: publicly traded securities
beginning of year $75,738,532 · end of year $88,881,949
-
12 · Investments: other securities
beginning of year $41,258,030 · end of year $40,101,822
-
15 · Other assets
beginning of year $1,027,480 · end of year $1,028,167
-
17 · Accounts payable and accrued expenses
beginning of year $3,071,671 · end of year $2,828,057
-
25 · Other liabilities
beginning of year $699,488 · end of year $668,263
-
27 · Net assets without donor restrictions
beginning of year $4,447,734 · end of year $3,905,836
-
28 · Net assets with donor restrictions
beginning of year $116,192,666 · end of year $132,755,364
Mission and programs · 2023
Mission
TO GENERATE, ENCOURAGE AND PROMOTE THE EDUCATIONAL PURPOSES OF BROOKLYN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK AND THE EDUCATIONAL WELFARE OF ITS STUDENTS IN THEIR RELATIONS WITH EACH OTHER, THE MEMBERS OF THE FACULTY, THE ALUMNI AND THE COMMUNITY, AND TO THESE ENDS, AND FOR NO OTHER PURPOSES, TO PERFORM ANY AND ALL OF THE FOLLOWING:A. TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, PRIZES, AND OTHER ASSISTANCE TO WORTHY STUDENTS AND GRADUATES OF SAID COLLEGE FOR AND ON ACCOUNT OF UNDERGRADUATE AND GRADUATE STUDIES.B. TO PROVIDE AWARDS AND PRIZES TO BROOKLYN COLLEGE STUDENTS ALUMNI FACULTY MEMBERS, STAFF MEMBERS, OR OTHER PERSONS FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO THE COLLEGE, THE COMMUNITY, OR TO THE FURTHERANCE OF HIGHER EDUCATION GENERALLY.C. TO CONTRIBUTE FUNDS FOR THE LIBRARY, THE ACADEMIC DEPARTMENTS, AND THE ADMINISTRATION OF SAID COLLEGE, THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDING.
Activities or mission (Part I)
TO ASSIST BROOKLYN COLLEGE BY DEVELOPING AN ONGOING & INCREASING SUPPORT BASE FROM COLLEGE ALUMNI.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $9,332,928 · Grants $7,943,496
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Anthony CastellanosANTHONY CASTELLANOS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Martin D SassMARTIN D SASS
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ante BasicANTE BASIC
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Stella LagudisSTELLA LAGUDIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michelle AndersonMICHELLE ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Samuel E BellerSAMUEL E BELLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah BensonSARAH BENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Doris Bien-AimeDORIS BIEN-AIME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Don BuchwaldDON BUCHWALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edwin H CohenEDWIN H COHEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Celia CostasCELIA COSTAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Irwin FedermanIRWIN FEDERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bernard H GarilBERNARD H GARIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jules HaimovitzJULES HAIMOVITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Donald KramerDONALD KRAMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank LavaderaFRANK LAVADERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Don LemonDON LEMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arlene LichtermanARLENE LICHTERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marge MagnerMARGE MAGNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel MenendezDANIEL MENENDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Florence Cohen RosenFLORENCE COHEN ROSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Zev RosenwaksZEV ROSENWAKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evan SilversteinEVAN SILVERSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leonard TowLEONARD TOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pawel WalzukPAWEL WALZUK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joanne WaldstreicherJOANNE WALDSTREICHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard A WilponRICHARD A WILPON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carol L ZicklinCAROL L ZICKLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Todd Michael GalitzTODD MICHAEL GALITZ
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 22.8
-
Alan GilbertALAN GILBERT
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 7
-
Emily MoqtaderiEMILY MOQTADERI
MANAGING DIR, CAMPAIGN & LEADERSHIP GIFTS
- Total calculated
- $234,459
- From this org
- $199,437
- From related orgs
- $0
- Other
- $35,022
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $199,437
- Bonus
- $0
- Other
- $0
- Deferred
- $16,341
- Nontaxable benefits
- $18,681
- Filer's total
- $234,459
-
Ludovic LeroyLUDOVIC LEROY
DIRECTOR, STRAT. PARTNERSHIPS & INSTIT. SUPPORT
- Total calculated
- $170,444
- From this org
- $140,387
- From related orgs
- $0
- Other
- $30,057
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $140,387
- Bonus
- $0
- Other
- $0
- Deferred
- $11,483
- Nontaxable benefits
- $18,574
- Filer's total
- $170,444
-
Joseph FodorJOSEPH FODOR
ASSOC. DIRECTOR OF RESEARCH
- Total calculated
- $128,905
- From this org
- $101,961
- From related orgs
- $0
- Other
- $26,944
- 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
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
-
BROOKLYN COLLEGE
$7,943,496
SCHOLARSHIPS, PROFESSORSHIPS, DEPARTMENTAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500759349300020
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