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Nonprofiteer
← SUFFOLK COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by SUFFOLK COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$4,613,739
Total expenses
$1,775,990
Contributions and grants received
$1,271,359
Grants paid
$542,106
Program service revenue
$65,267
Investment income
$3,078,324
Other revenue
$198,789
Total assets, end of year
$34,360,536
Total liabilities, end of year
$1,248,104
Net assets or fund balances, end of year
$33,112,432
Program services expenses (Part IX)
$1,404,493
Management and general expenses
$368,169
Fundraising expenses
$3,328
Program service expenses (Part III)
$1,404,493

Program services were 79.1% 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.

  • 1c · Fundraising events

    $83,648

  • 1f · All other contributions, gifts and grants

    $1,187,711

  • 1g · Noncash contributions included above

    $65,508

  • 2a · Program service revenue: AGENCY REVENUE

    total $65,267 · related or exempt $65,267

  • 3 · Investment income

    total $718,900 · excluded $718,900

  • 7a · Gross sales of assets other than inventory

    securities $17,401,728

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

    securities $15,042,304

  • 7c · Gain or loss

    securities $2,359,424

  • 7d · Net gain or loss

    total $2,359,424 · excluded $2,359,424

  • 8a · Fundraising events: gross income

    $32,650

  • 8a · Fundraising events: contributions included on line 1c

    $83,648

  • 8b · Fundraising events: direct expenses

    $52,050

  • 8c · Net income from fundraising events

    total -$19,400 · excluded -$19,400

  • 11a · Other revenue: OTHER REVENUE

    total $218,189 · related or exempt $218,189

  • 11e · Other revenue, total

    $218,189

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $542,106 · program services $542,106

  • 11c · Fees: accounting

    total $70,250 · management and general $70,250

  • 11f · Fees: investment management

    total $153,093 · management and general $153,093

  • 12 · Advertising and promotion

    total $39,901 · program services $13,491 · management and general $26,410

  • 13 · Office expenses

    total $9,093 · management and general $9,093

  • 14 · Information technology

    total $57,708 · management and general $57,708

  • 23 · Insurance

    total $13,115 · management and general $13,115

  • 24a · Other expenses: PROGRAM EXPENSE

    total $669,967 · program services $669,967

  • 24b · Other expenses: DONATION TO COLLEGE

    total $177,731 · program services $177,731

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $38,500 · management and general $38,500

  • 24d · Other expenses: FUNDRAISING EXPENSE

    total $1,897 · fundraising $1,897

  • 24e · All other expenses

    total $2,629 · program services $1,198 · fundraising $1,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,735,975 · end of year $1,770,363

  • 2 · Savings and temporary cash investments

    beginning of year $2,251,446 · end of year $1,636,044

  • 3 · Pledges and grants receivable

    beginning of year $38,500 · end of year $205,540

  • 7 · Other notes and loans receivable

    beginning of year $19,922 · end of year $14,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,988 · end of year $46,582

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

    $8,842

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

    $8,842

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $25,449,591 · end of year $30,602,103

  • 15 · Other assets

    beginning of year $84,322 · end of year $84,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,414 · end of year $294,740

  • 19 · Deferred revenue

    beginning of year $110,095 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,091,378 · end of year $953,364

  • 27 · Net assets without donor restrictions

    beginning of year $4,625,815 · end of year $5,465,132

  • 28 · Net assets with donor restrictions

    beginning of year $23,761,042 · end of year $27,647,300

Mission and programs · 2023

Mission

THE SUFFOLK COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO SUPPORT STUDENT ACCESS TO QUALITY EDUCATION AND VOCATIONAL SKILL TRAINING BY PROVIDING SCHOLARSHIPS, EMERGENCY LOANS AND FUNDING FOR PROGRAM DEVELOPMENT. ADDITIONALLY, THE FOUNDATION SEEKS TO ENGAGE ALUMNI TO MAINTAIN THEIR CONNECTION TO THE COLLEGE, TO SUPPORT FOUNDATION EVENTS, PHILANTHROPY, STUDENT MENTORSHIP AND INTERNSHIP OPPORTUNITIES.

  • THE FOUNDATION SERVES ENROLLED STUDENTS IN SUFFOLK COUNTY COMMUNITY COLLEGE WITH PROGRAMS SUCH AS SCHOLARSHIPS AND EMERGENCY STUDENT LOANS. EXPENSES ARE FOR ADDITIONAL PROGRAMS FOR ENROLLED STUDENTS IN SUFFOLK COUNTY COMMUNITY COLLEGE AND RELATED SUPPORT FOR THE COLLEGE AND ITS FACULTY.

    Expenses $1,404,493 · Grants $542,106 · Revenue $283,456

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ERNESTO MATTACE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BELINDA ALVAREZ-GRONEMAN

    CHAIRPERSON (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    2

  • MAE LANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGEL M RIVERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD C JOHNSON

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MILAGROS NIEVES

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • GARY JOEL SCHACKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LESLIE B ANDERSON

    SECOND VICE CHAIR (THRU SEPT 2023)

    Total calculated
    $0
    Hours/week
    2

  • STEVEN A MILNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD BOUGHAL

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ROBERT J FREY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRIAN T PETERSEN

    TREASURER (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL J GRANT JR

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BELINDA PAGDANGANAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY REID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES T WITTREICH JR

    DIRECTOR

    Total calculated
    $211,461
    From this org
    $0
    From related orgs
    $174,383
    Other
    $37,078
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,932 related
    Bonus
    $0
    Other
    $0 + $8,451 related
    Deferred
    $0 + $22,670 related
    Nontaxable benefits
    $0 + $14,408 related
    Filer's total
    $0 + $211,461 related

  • EDWARD BONAHUE

    DIRECTOR

    Total calculated
    $379,034
    From this org
    $0
    From related orgs
    $355,624
    Other
    $23,410
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,000 related
    Bonus
    $0
    Other
    $0 + $65,624 related
    Deferred
    $0 + $23,410 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $379,034 related

  • LISA J CALLA

    DIRECTOR

    Total calculated
    $209,161
    From this org
    $0
    From related orgs
    $158,209
    Other
    $50,952
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,503 related
    Bonus
    $0
    Other
    $0 + $2,706 related
    Deferred
    $0 + $24,534 related
    Nontaxable benefits
    $0 + $26,418 related
    Filer's total
    $0 + $209,161 related

  • SYLVIA A DIAZ

    EXECUTIVE DIRECTOR (THRU JAN 2024)

    Total calculated
    $235,005
    From this org
    $0
    From related orgs
    $180,615
    Other
    $54,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $178,800 related
    Bonus
    $0
    Other
    $0 + $1,815 related
    Deferred
    $0 + $27,973 related
    Nontaxable benefits
    $0 + $26,417 related
    Filer's total
    $0 + $235,005 related

  • MARY LOU ARANEO

    COLLEGE VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $308,529
    From this org
    $0
    From related orgs
    $244,505
    Other
    $64,024
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,986 related
    Bonus
    $0
    Other
    $0 + $25,519 related
    Deferred
    $0 + $37,607 related
    Nontaxable benefits
    $0 + $26,417 related
    Filer's total
    $0 + $308,529 related

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
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202543019349300044

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