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Nonprofiteer
← HERBERT H LEHMAN COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by HERBERT H LEHMAN COLLEGE FOUNDATION INC.

Totals

Total revenue
$4,243,493
Total expenses
$3,211,193
Contributions and grants received
$3,897,735
Grants paid
$2,379,190
Program service revenue
$0
Investment income
$250,293
Other revenue
$95,465
Total assets, end of year
$14,343,362
Total liabilities, end of year
$62,435
Net assets or fund balances, end of year
$14,280,927
Program services expenses (Part IX)
$2,509,282
Management and general expenses
$245,911
Fundraising expenses
$456,000
Program service expenses (Part III)
$2,509,282

Program services were 78.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,897,735

  • 3 · Investment income

    total $124,389 · excluded $124,389

  • 7a · Gross sales of assets other than inventory

    securities $533,432

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

    securities $407,528

  • 7c · Gain or loss

    securities $125,904

  • 7d · Net gain or loss

    total $125,904 · excluded $125,904

  • 8a · Fundraising events: gross income

    $153,374

  • 8b · Fundraising events: direct expenses

    $57,909

  • 8c · Net income from fundraising events

    total $95,465 · excluded $95,465

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,379,190 · program services $2,379,190

  • 7 · Other salaries and wages

    total $167,689 · program services $80,689 · management and general $87,000

  • 11c · Fees: accounting

    total $66,404 · management and general $66,404

  • 11e · Fees: professional fundraising services

    total $456,000 · fundraising $456,000

  • 11g · Fees: other

    total $22,200 · program services $2,500 · management and general $19,700

  • 13 · Office expenses

    total $9,661 · program services $8,534 · management and general $1,127

  • 14 · Information technology

    total $47,371 · program services $5,988 · management and general $41,383

  • 17 · Travel

    total $17,156 · program services $17,057 · management and general $99

  • 23 · Insurance

    total $8,411 · management and general $8,411

  • 24a · Other expenses: SUBSCRIPTIONS AND MEMBE

    total $14,877 · program services $10,700 · management and general $4,177

  • 24b · Other expenses: BAD DEBT

    total $11,111 · program services $1,296 · management and general $9,815

  • 24c · Other expenses: MISCELLENEOUS

    total $4,331 · management and general $4,331

  • 24d · Other expenses: ENTERTAINMENT

    total $3,624 · program services $2,668 · management and general $956

  • 24e · All other expenses

    total $3,168 · program services $660 · management and general $2,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,183,764 · end of year $4,025,277

  • 2 · Savings and temporary cash investments

    beginning of year $261,276 · end of year $605,155

  • 3 · Pledges and grants receivable

    beginning of year $688,395 · end of year $959,313

  • 4 · Accounts receivable

    beginning of year $14,300 · end of year $737

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,000 · end of year $467,114

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

    $59,100

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

    $59,100

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,912,027 · end of year $8,282,079

  • 15 · Other assets

    beginning of year $3,687 · end of year $3,687

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,524 · end of year $60,950

  • 25 · Other liabilities

    beginning of year $1,485 · end of year $1,485

  • 27 · Net assets without donor restrictions

    beginning of year $1,064,184 · end of year $1,237,102

  • 28 · Net assets with donor restrictions

    beginning of year $11,974,256 · end of year $13,043,825

Mission and programs · 2022

Mission

TO PROVIDE SCHOLARSHIPS AND SUPPORT THE SCHOLARLY ACTIVITIES OF THE HERBERT H. LEHMAN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK.

  • THE HERBERT H. LEHMAN COLLEGE FOUNDATION IS COMMITTED TO SUPPORTING THE COLLEGE'S DIVERSE AND INTERNATIONAL STUDENT BODY OF APPROXIMATELY 15,000 UNDERGRADUATE AND GRADUATE STUDENTS, FROM APPROXIMATELY 130 CULTURES, AND A WIDE RANGE OF ACADEMIC OFFERINGS IN 80 UNDERGRADUATE MAJORS, 109 UNDERGRADUATE MINORS, 6 UNDERGRADUATE CERTIFICATES, 66 MASTER'S DEGREE PROGRAMS, 2 DOCTORAL DEGREE PROGRAMS AND 40 ADVANCED CERTIFICATES. THE FOUNDATION IS COMMITTED TO HELPING YOUNG PEOPLE REALIZE THEIR DREAMS BY ENSURING THAT ASPIRATIONS BECOME ACHIEVEMENTS, AND THAT YOUNG LEADERS BECOME CATALYTIC THINKERS AND DOERS WHO WHILL RE-IMAGINE THEIR LIVES, THEIR COMMUNITIES, AND THEIR PROFESSIONS.

    Expenses $2,509,282 · Grants $2,379,190

As filed on the 2022 return.

Listed in Part VII

  • Larry McCaffrey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James H Hudgins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Beth Lief JD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Byron L Knief

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adam Krainson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Paul V Beresford-Hill Cbe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ira Bloom JD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria Rivero Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Fernando Delgado PhD

    EX-OFFICIO/VOTING

    Total calculated
    $0
    Hours/week
    1

  • William L Lash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Herminio Martinez PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David T Nguyen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rene M Rotolo

    EX-OFFICIO/VOTING

    Total calculated
    $0
    Hours/week
    1

  • Robert Sancho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael W Yackira CPA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Bernstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruben Diaz Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danielle Jean-Marie

    EXECUTIVE 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.

Grants 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.

  • LEHMAN COLLEGE CUNY

    IRC SEC 115 · EDUCATION · NY

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202431169349300818

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