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← FIORELLO H LAGUARDIA COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP

Form 990 for tax year 2022

Filed by FIORELLO H LAGUARDIA COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP.

Totals

Total revenue
$2,839,092
Total expenses
$1,806,724
Contributions and grants received
$65,520
Grants paid
$0
Program service revenue
$2,619,481
Investment income
$110,238
Other revenue
$43,853
Total assets, end of year
$10,731,431
Total liabilities, end of year
$485,268
Net assets or fund balances, end of year
$10,246,163
Program services expenses (Part IX)
$1,601,949
Management and general expenses
$204,775
Fundraising expenses
$0
Program service expenses (Part III)
$1,601,949

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.

  • 1e · Government grants (contributions)

    $48,270

  • 1f · All other contributions, gifts and grants

    $17,250

  • 2a · Program service revenue: PARKING FEES

    total $1,237,436 · related or exempt $238,519 · unrelated business $998,917

  • 2b · Program service revenue: POOL INCOME

    total $509,026 · unrelated business $509,026

  • 2c · Program service revenue: CAFETERIA/VENDING

    total $391,450 · related or exempt $391,450

  • 2d · Program service revenue: FACILITY USAGE FEE

    total $283,530 · related or exempt $258,012 · unrelated business $25,518

  • 2e · Program service revenue: THEATER INCOME

    total $172,125 · related or exempt $3,657 · unrelated business $168,468

  • 2f · All other program service revenue

    total $25,914 · related or exempt $25,914

  • 3 · Investment income

    total $145,606 · excluded $145,606

  • 5 · Royalties

    total $4,795 · excluded $4,795

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

    securities $35,368

  • 7c · Gain or loss

    securities -$35,368

  • 7d · Net gain or loss

    total -$35,368 · excluded -$35,368

  • 11a · Other revenue: PROGRAM

    total $28,000 · related or exempt $28,000

  • 11b · Other revenue: PRINTING SERVICES

    total $7,206 · related or exempt $7,206

  • 11c · Other revenue: OTHER

    total $3,852 · related or exempt $3,852

  • 11e · Other revenue, total

    $39,058

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $505,833 · program services $412,282 · management and general $93,551

  • 9 · Other employee benefits

    total $20,729 · program services $20,729

  • 10 · Payroll taxes

    total $42,187 · program services $42,187

  • 11b · Fees: legal

    total $4,575 · management and general $4,575

  • 11g · Fees: other

    total $147,503 · program services $134,875 · management and general $12,628

  • 12 · Advertising and promotion

    total $6,131 · program services $6,131

  • 13 · Office expenses

    total $24,956 · program services $24,956

  • 19 · Conferences, conventions and meetings

    total $11,187 · program services $11,187

  • 22 · Depreciation, depletion and amortization

    total $107,146 · program services $19,690 · management and general $87,456

  • 23 · Insurance

    total $6,565 · management and general $6,565

  • 24a · Other expenses: UBIT EXPS

    total $446,048 · program services $446,048

  • 24b · Other expenses: PARKING OPERATIONS

    total $251,560 · program services $251,560

  • 24c · Other expenses: GRADUATION/COMMENCEMENT

    total $163,312 · program services $163,312

  • 24d · Other expenses: EQUIPMENT REPAIR & MAIN

    total $57,308 · program services $57,308

  • 24e · All other expenses

    total $11,684 · program services $11,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,054 · end of year $1,756,165

  • 2 · Savings and temporary cash investments

    beginning of year $1,408,235 · end of year $1,245,474

  • 4 · Accounts receivable

    beginning of year $1,031,240 · end of year $561,141

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,617 · end of year $1,976

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

    $2,637,299

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

    $1,573,708

  • 10c · Land, buildings and equipment, net

    beginning of year $1,170,737 · end of year $1,063,591

  • 12 · Investments: other securities

    beginning of year $5,464,624 · end of year $6,080,157

  • 15 · Other assets

    beginning of year $51,340 · end of year $22,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,497 · end of year $227,525

  • 19 · Deferred revenue

    beginning of year $136,437 · end of year $227,731

  • 25 · Other liabilities

    beginning of year $30,012 · end of year $30,012

  • 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 $1,170,737 · end of year $1,063,591

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,000,164 · end of year $9,182,572

Mission and programs · 2022

Mission

TO PROVIDE AUXILIARY SERVICE THAT CREATES AND MANAGES AN ARRAY OF PROGRAMS AND SERVICES WHICH SUPPORTS AND STRENGTHENS THE FIORELLO H. LAGUARDIA COMMUNITY COLLEGE'S CAMPUS COMMUNITY, AND EDUCATIONAL UNIT OF THE BOARD OF TRUSTEES OF THE CITY UNIVERSITY OF NEW YORK.

Activities or mission (Part I)

TO PROVIDE AUXILIARY SERVICES, SUCH AS FOOD SERVICES, PARKING FACILITIES, A BOOKSTORE, ETC. FOR THE BENEFIT OF FIORELLO H. LAGUARDIA COMMUNITY COLLEGE'S CAMPUS COMMUNITY.

  • THE CORPORATION PROVIDES PARKING FACILITIES, SUPPORT FOR THE FOOD AND VENDING SERVICES, AND DEVELOPS AND CULTIVATES EDUCATIONAL AND SOCIAL ACTIVITIES, INCLUDING BUT NOT LIMITED TO COMMUNITY FUNCTIONS SUCH AS RECREATIONAL SWIMMING POOL ACTIVITIES AND THEATER, FOR THE BENEFIT OF THE CAMPUS COMMUNITY.

    Expenses $1,601,949 · Revenue $956,610

As filed on the 2022 return.

Listed in Part VII

  • Gail Naksh - Jarrett

    CHAIRPERSON

    Total calculated
    $185,982
    From this org
    $0
    From related orgs
    $155,538
    Other
    $30,444
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,538 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,444 related
    Filer's total
    $0 + $185,982 related

  • Shahir Erfan

    SECRETARY

    Total calculated
    $228,167
    From this org
    $0
    From related orgs
    $197,723
    Other
    $30,444
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,723 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,444 related
    Filer's total
    $0 + $228,167 related

  • Nancy Palma

    TREASURER

    Total calculated
    $158,783
    From this org
    $0
    From related orgs
    $128,339
    Other
    $30,444
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,339 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,444 related
    Filer's total
    $0 + $158,783 related

  • Francine White

    DIRECTOR

    Total calculated
    $139,408
    From this org
    $0
    From related orgs
    $127,813
    Other
    $11,595
    Hours/week
    1 + 35 related

  • Edward Goodman

    DIRECTOR

    Total calculated
    $206,414
    From this org
    $0
    From related orgs
    $176,107
    Other
    $30,307
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,107 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,307 related
    Filer's total
    $0 + $206,414 related

  • Unn Hidle

    DIRECTOR

    Total calculated
    $158,725
    From this org
    $0
    From related orgs
    $100,630
    Other
    $58,095
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $100,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $58,095 related
    Filer's total
    $0 + $158,725 related

  • Jongwook Ryan Jhin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lucia Chavira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angelo Delacruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taranjit Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Syed Waheed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaclyn Valane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Tramontozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
16 January 2024
IRS schema version
2022v5.0
Source object
202420459349301502

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