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← FIORELLO H LAGUARDIA COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP

Form 990 for tax year 2023

Filed by FIORELLO H LAGUARDIA COMMUNITY COLLEGE AUXILIARY ENTERPRISES CORP.

Totals

Total revenue
$3,223,530
Total expenses
$2,083,321
Contributions and grants received
$69,220
Grants paid
$0
Program service revenue
$2,767,350
Investment income
$326,285
Other revenue
$60,675
Total assets, end of year
$12,132,789
Total liabilities, end of year
$607,133
Net assets or fund balances, end of year
$11,525,656
Program services expenses (Part IX)
$1,815,373
Management and general expenses
$267,948
Fundraising expenses
$0
Program service expenses (Part III)
$1,815,373

Program services were 87.1% 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.

  • 1e · Government grants (contributions)

    $43,220

  • 1f · All other contributions, gifts and grants

    $26,000

  • 2a · Program service revenue: PARKING FEES

    total $1,253,347 · related or exempt $239,180 · unrelated business $1,014,167

  • 2b · Program service revenue: POOL INCOME

    total $762,089 · unrelated business $762,089

  • 2c · Program service revenue: FACILITY USAGE FEE

    total $299,350 · related or exempt $141,622 · unrelated business $157,728

  • 2d · Program service revenue: THEATER INCOME

    total $224,158 · unrelated business $224,158

  • 2e · Program service revenue: CAFETERIA/VENDING

    total $219,450 · related or exempt $219,450

  • 2f · All other program service revenue

    total $8,956 · related or exempt $8,956

  • 3 · Investment income

    total $380,186 · excluded $380,186

  • 5 · Royalties

    total $2,169 · excluded $2,169

  • 7a · Gross sales of assets other than inventory

    securities $484,731

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

    securities $538,632

  • 7c · Gain or loss

    securities -$53,901

  • 7d · Net gain or loss

    total -$53,901 · excluded -$53,901

  • 11a · Other revenue: OTHER

    total $47,099 · related or exempt $47,099

  • 11b · Other revenue: PROGRAM

    total $7,860 · related or exempt $7,860

  • 11c · Other revenue: PRINTING SERVICES

    total $3,547 · related or exempt $3,547

  • 11e · Other revenue, total

    $58,506

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $653,430 · program services $524,792 · management and general $128,638

  • 10 · Payroll taxes

    total $56,184 · program services $56,184

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $258,361 · program services $235,163 · management and general $23,198

  • 12 · Advertising and promotion

    total $19,328 · program services $19,328

  • 13 · Office expenses

    total $30,101 · program services $30,101

  • 14 · Information technology

    total $632 · program services $632

  • 17 · Travel

    total $47 · program services $47

  • 19 · Conferences, conventions and meetings

    total $13,827 · program services $13,827

  • 22 · Depreciation, depletion and amortization

    total $108,500 · program services $16,983 · management and general $91,517

  • 23 · Insurance

    total $6,226 · management and general $6,226

  • 24a · Other expenses: UBIT EXPS

    total $223,258 · program services $223,258

  • 24b · Other expenses: PARKING OPERATIONS

    total $292,459 · program services $292,459

  • 24c · Other expenses: BAD DEBT

    total $239,402 · program services $239,402

  • 24d · Other expenses: EQUIPMENT REPAIR & MAIN

    total $83,824 · program services $82,946 · management and general $878

  • 24e · All other expenses

    total $94,742 · program services $80,251 · management and general $14,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,756,165 · end of year $266,535

  • 2 · Savings and temporary cash investments

    beginning of year $1,245,474 · end of year $4,401,838

  • 4 · Accounts receivable

    beginning of year $561,141 · end of year $569,744

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,976 · end of year $235

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

    $2,644,073

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

    $1,682,209

  • 10c · Land, buildings and equipment, net

    beginning of year $1,063,591 · end of year $961,864

  • 12 · Investments: other securities

    beginning of year $6,080,157 · end of year $5,927,021

  • 15 · Other assets

    beginning of year $22,927 · end of year $5,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $227,525 · end of year $398,040

  • 19 · Deferred revenue

    beginning of year $227,731 · end of year $179,081

  • 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 $1,063,591 · end of year $961,864

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,182,572 · end of year $10,563,792

Mission and programs · 2023

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 $1,815,373 · Revenue $2,767,350

As filed on the 2023 return.

Listed in Part VII

  • Alexis McLean-McKenssey

    CHAIRPERSON

    Total calculated
    $108,006
    From this org
    $0
    From related orgs
    $91,637
    Other
    $16,369
    Hours/week
    1 + 35 related

  • Shahir Erfan

    SECRETARY

    Total calculated
    $239,617
    From this org
    $0
    From related orgs
    $206,148
    Other
    $33,469
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,148 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,469 related
    Filer's total
    $0 + $239,617 related

  • Nancy Palma

    TREASURER

    Total calculated
    $171,091
    From this org
    $0
    From related orgs
    $137,622
    Other
    $33,469
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,622 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,469 related
    Filer's total
    $0 + $171,091 related

  • Francine White

    DIRECTOR

    Total calculated
    $137,076
    From this org
    $0
    From related orgs
    $124,333
    Other
    $12,743
    Hours/week
    1 + 35 related

  • Edward Goodman

    DIRECTOR

    Total calculated
    $220,665
    From this org
    $0
    From related orgs
    $187,374
    Other
    $33,291
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,374 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,291 related
    Filer's total
    $0 + $220,665 related

  • Unn Hidle

    DIRECTOR

    Total calculated
    $171,023
    From this org
    $0
    From related orgs
    $108,868
    Other
    $62,155
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,868 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $62,155 related
    Filer's total
    $0 + $171,023 related

  • John Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MD Siddique

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolina Lenes Arreola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amena Ahamia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diya Rijal

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403199349302010

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