Form 990 for tax year 2023
Filed by QUEENSBOROUGH COMMUNITY COLLEGE FUND INC.
Totals
- Total revenue
- $1,247,452
- Total expenses
- $1,065,851
- Contributions and grants received
- $706,262
- Grants paid
- $343,596
- Program service revenue
- $0
- Investment income
- $464,186
- Other revenue
- $77,004
- Total assets, end of year
- $20,001,076
- Total liabilities, end of year
- $119,742
- Net assets or fund balances, end of year
- $19,881,334
- Program services expenses (Part IX)
- $962,389
- Management and general expenses
- $75,465
- Fundraising expenses
- $27,997
- Program service expenses (Part III)
- $962,389
Program services were 90.3% 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
$706,262
-
3 · Investment income
total $381,793 · excluded $381,793
-
7a · Gross sales of assets other than inventory
securities $2,087,272
-
7b · Less cost or other basis and sales expenses
securities $2,004,879
-
7c · Gain or loss
securities $82,393
-
7d · Net gain or loss
total $82,393 · excluded $82,393
-
8a · Fundraising events: gross income
$179,620
-
8b · Fundraising events: direct expenses
$102,616
-
8c · Net income from fundraising events
total $77,004 · excluded $77,004
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $343,596 · program services $343,596
-
7 · Other salaries and wages
total $45,436 · program services $22,718 · management and general $22,718
-
9 · Other employee benefits
total $20,454 · program services $10,227 · management and general $10,227
-
11b · Fees: legal
total $1,013 · management and general $1,013
-
11c · Fees: accounting
total $20,325 · management and general $20,325
-
11g · Fees: other
total $8,384 · program services $8,384
-
13 · Office expenses
total $47,256 · program services $13,284 · management and general $13,963 · fundraising $20,009
-
14 · Information technology
total $100,438 · program services $100,438
-
17 · Travel
total $42,296 · program services $42,296
-
19 · Conferences, conventions and meetings
total $55,580 · program services $55,580
-
23 · Insurance
total $7,219 · management and general $7,219
-
24a · Other expenses: PROGRAM EVENTS
total $269,058 · program services $261,070 · fundraising $7,988
-
24b · Other expenses: HONORARIUM AND STIPENDS
total $72,295 · program services $72,295
-
24c · Other expenses: MISCELLANEOUS
total $31,213 · program services $31,213
-
24d · Other expenses: BOOKS AND PUBLICATIONS
total $1,288 · program services $1,288
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $295,600 · end of year $274,749
-
3 · Pledges and grants receivable
beginning of year $715,863 · end of year $529,320
-
4 · Accounts receivable
beginning of year $67,131 · end of year $1,460
-
9 · Prepaid expenses and deferred charges
beginning of year $68,032 · end of year $2,143
-
11 · Investments: publicly traded securities
beginning of year $11,842,164 · end of year $14,876,169
-
12 · Investments: other securities
beginning of year $5,028,090 · end of year $4,317,235
-
17 · Accounts payable and accrued expenses
beginning of year $60,236 · end of year $36,656
-
25 · Other liabilities
beginning of year $45,498 · end of year $83,086
-
27 · Net assets without donor restrictions
beginning of year $3,233,613 · end of year $3,467,650
-
28 · Net assets with donor restrictions
beginning of year $14,677,533 · end of year $16,413,684
Mission and programs · 2023
Mission
TO BENEFIT QUEENSBOROUGH COMMUNITY COLLEGE STUDENTS BY RAISING FUNDS FROM PRIVATE SOURCES TO ADVANCE THE EDUCATIONAL & CULTURAL PROGRAMS OF QUEENSBOROUGH COMMUNITY COLLEGE. GIFTS TO THE QCC FUND BRIDGE THE GAP BETWEEN THE ACTUAL COST OF EDUCATING STUDENTS AND THE FUNDS PROVIDED BY STUDENTS' TUITION, ALLOCATIONS FROM THE CITY AND STATE.
Activities or mission (Part I)
TO BENEFIT QUEENSBOROUGH COMMUNITY COLLEGE STUDENTS BY RAISING FUNDS FROM PRIVATE SOURCES TO ADVANCE THE EDUCATIONAL & CULTURAL PROGRAMS OF QUEENSBOROUGH COMMUNITY COLLEGE.
-
TO PROVIDE SCHOLARSHIPS AND TO SUPPLEMENT COLLEGE PROGRAMS BY PROVIDING SUPPLIES AND SERVICES.
Expenses $962,389 · Grants $343,596
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHARLENE PROUNIS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
RONALD S APPEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
RIZWAN QURESHI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
DR JASMIN MOSHIRPUR
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
JOHNSON CHEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SHIRLEY CHEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ALAN FRANKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PEARL HALEGUA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ELEANOR IMPERATO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ISHAN KHWAJA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MARK KUPFERBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN T LEVINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DR CHRISTINE MANGINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JUDY NG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JASON PIEDRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ANTHONY SIMEONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN DI DIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DR BETH ANN COUNIHAN
BOARD MEMBER
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403389349301125
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