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Nonprofiteer
← KINGSBOROUGH COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by KINGSBOROUGH COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$667,499
Total expenses
$985,672
Contributions and grants received
$535,172
Grants paid
$742,288
Program service revenue
$0
Investment income
$114,784
Other revenue
$17,543
Total assets, end of year
$4,263,893
Total liabilities, end of year
$110,572
Net assets or fund balances, end of year
$4,153,321
Program services expenses (Part IX)
$843,044
Management and general expenses
$142,628
Fundraising expenses
$0
Program service expenses (Part III)
$843,044

Program services were 85.5% 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

    $14,297

  • 1e · Government grants (contributions)

    $3,000

  • 1f · All other contributions, gifts and grants

    $517,875

  • 1g · Noncash contributions included above

    $56,618

  • 3 · Investment income

    total $66,016 · excluded $66,016

  • 7a · Gross sales of assets other than inventory

    securities $48,768

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

    securities $0

  • 7c · Gain or loss

    securities $48,768

  • 7d · Net gain or loss

    total $48,768 · excluded $48,768

  • 8a · Fundraising events: gross income

    $107,522

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

    $14,297

  • 8b · Fundraising events: direct expenses

    $89,979

  • 8c · Net income from fundraising events

    total $17,543 · excluded $17,543

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $742,288 · program services $742,288

  • 7 · Other salaries and wages

    total $48,650 · management and general $48,650

  • 11g · Fees: other

    total $10,200 · management and general $10,200

  • 13 · Office expenses

    total $36,490 · program services $31,640 · management and general $4,850

  • 14 · Information technology

    total $37,000 · management and general $37,000

  • 17 · Travel

    total $1,877 · program services $1,877

  • 22 · Depreciation, depletion and amortization

    total $1,659 · program services $1,659

  • 23 · Insurance

    total $7,092 · management and general $7,092

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $65,406 · program services $51,816 · management and general $13,590

  • 24b · Other expenses: REFRESHMENTS

    total $30,010 · program services $13,764 · management and general $16,246

  • 24c · Other expenses: POSTAGE & REPROGRAPHICS

    total $5,000 · management and general $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,300 · end of year $5,816

  • 2 · Savings and temporary cash investments

    beginning of year $1,477,910 · end of year $1,114,758

  • 3 · Pledges and grants receivable

    beginning of year $191,243 · end of year $116,303

  • 9 · Prepaid expenses and deferred charges

    end of year $11,699

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

    $8,294

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

    $3,318

  • 10c · Land, buildings and equipment, net

    beginning of year $6,635 · end of year $4,976

  • 12 · Investments: other securities

    beginning of year $2,689,685 · end of year $2,999,536

  • 15 · Other assets

    beginning of year $10,805 · end of year $10,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,750 · end of year $85,735

  • 19 · Deferred revenue

    beginning of year $75,000 · end of year $20,000

  • 25 · Other liabilities

    beginning of year $5,266 · end of year $4,837

  • 27 · Net assets without donor restrictions

    beginning of year $1,651,902 · end of year $1,720,525

  • 28 · Net assets with donor restrictions

    beginning of year $2,678,660 · end of year $2,432,796

Mission and programs · 2024

Mission

THE KINGSBOROUGH COMMUNITY COLLEGE FOUNDATION, INC. (THE FOUNDATION) WAS ORGANIZED IN 1982 FOR THE PURPOSE OF PROMOTING AND ENCOURAGING AMONG MEMBERS OF THE LOCAL AND COLLEGE COMMUNITY AND ALUMNI AN INTEREST IN AND SUPPORT OF KINGSBOROUGH COMMUNITY COLLEGE.

Activities or mission (Part I)

THE KINGSBOROUGH COMMUNITY COLLEGE FOUNDATION , INC. (FOUNDATION) WASORGANIZED IN 1982 FOR THE PURPOSE OF PROMOTING AND ENCOURAGING AMONGMEMBERS OF THE LOCAL AND COLLEGE COMMUNITY AND ALUMNI AN INTEREST INAND SUPPORT OF KINGSBOROUGH COMMUNITY COLLEGE.

  • VARIOUS PROGRAM SERVICES PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT AS WELL AS FUNDING NUMEROUS AWARDS AND SCHOLARSHIPS.

    Expenses $843,044 · Grants $742,288

As filed on the 2024 return.

Listed in Part VII

  • SURI DUITCH

    COLLEGE PRESIDENT,EXECUTIVE OFFICER/TRUSTEE

    Total calculated
    $412,329
    From this org
    $0
    From related orgs
    $275,990
    Other
    $136,339
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,990 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $136,339 related
    Filer's total
    $0 + $412,329 related

  • ANDRES ESCOBAR

    TRUSTEE

    Total calculated
    $263,984
    From this org
    $0
    From related orgs
    $176,696
    Other
    $87,288
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,696 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $87,288 related
    Filer's total
    $0 + $263,984 related

  • DR MARY THERESA ORTIZ

    TRUSTEE

    Total calculated
    $161,035
    From this org
    $0
    From related orgs
    $107,788
    Other
    $53,247
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $107,788 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $53,247 related
    Filer's total
    $0 + $161,035 related

  • DR NANCY LEE SANCHEZ-BADILLO

    EXECUTIVE DIRECTOR

    Total calculated
    $262,388
    From this org
    $0
    From related orgs
    $175,628
    Other
    $86,760
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,628 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $86,760 related
    Filer's total
    $0 + $262,388 related

  • DR KINTA ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JOAN BARTOLOMEO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MR LORENZO DAUGHTRY-CHAMBERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MS DARMA DIAZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • DR TIM GILMAN-SEVCIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • RACHEL FORSYTH

    TRUSTEE/VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.2

  • MR JEFF LINDOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MS BREANNA NEFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MS EVELYN ORTIZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DOMENICO CIACCIO

    TREASURER, TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DERBY ST FORT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR SCOTT STIMPFL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS DIMPLE WILLABUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR KWESI BLACKMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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
2024
Filed
20 March 2026
IRS schema version
2024v5.5
Source object
202600799349300610

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