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Nonprofiteer
← EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,242,471
Total expenses
$2,478,347
Contributions and grants received
$1,829,286
Grants paid
$1,583,340
Program service revenue
$0
Investment income
$282,586
Other revenue
$130,599
Total assets, end of year
$18,551,148
Total liabilities, end of year
$759,127
Net assets or fund balances, end of year
$17,792,021
Program services expenses (Part IX)
$1,583,340
Management and general expenses
$895,007
Fundraising expenses
$0
Program service expenses (Part III)
$1,583,340

Program services were 63.9% 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)

    $190,630

  • 1f · All other contributions, gifts and grants

    $1,638,656

  • 3 · Investment income

    total $300,068 · excluded $300,068

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

    securities $17,482

  • 7c · Gain or loss

    securities -$17,482

  • 7d · Net gain or loss

    total -$17,482 · excluded -$17,482

  • 8a · Fundraising events: gross income

    $219,659

  • 8b · Fundraising events: direct expenses

    $89,060

  • 8c · Net income from fundraising events

    total $130,599 · excluded $130,599

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,214,536 · program services $1,214,536

  • 2 · Grants to domestic individuals

    total $368,804 · program services $368,804

  • 11g · Fees: other

    total $13,726 · management and general $13,726

  • 23 · Insurance

    total $6,920 · management and general $6,920

  • 24a · Other expenses: COLLEGE PRESIDENT'S INI

    total $777,486 · management and general $777,486

  • 24b · Other expenses: BAD DEBT

    total $72,662 · management and general $72,662

  • 24c · Other expenses: MISCELLANEOUS

    total $20,001 · management and general $20,001

  • 24d · Other expenses: OTHER SERVICE

    total $3,212 · management and general $3,212

  • 24e · All other expenses

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,754,004 · end of year $3,090,968

  • 2 · Savings and temporary cash investments

    beginning of year $509,721 · end of year $518,585

  • 3 · Pledges and grants receivable

    beginning of year $1,925,041 · end of year $708,129

  • 4 · Accounts receivable

    beginning of year $17,984 · end of year $3,183

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

    $13,644

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

    $13,644

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,280,671 · end of year $1,597,026

  • 12 · Investments: other securities

    beginning of year $11,560,409 · end of year $12,633,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,657 · end of year $132,410

  • 25 · Other liabilities

    beginning of year $890,139 · end of year $626,717

  • 27 · Net assets without donor restrictions

    beginning of year $14,564,378 · end of year $15,525,015

  • 28 · Net assets with donor restrictions

    beginning of year $2,578,656 · end of year $2,267,006

Mission and programs · 2022

Mission

EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE OF FOUNDATION IS A 501 (C) (3) NOT-FOR-PROFIT CORPORATION THAT OPERATES EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF SUPPORTING EUGENIO MARIA DE HOSTOS COMMUNITY COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. THE FOUNDATION ENCOURAGES ASSISTANCE THROUGH GIFTS, SCHOLARSHIPS, SUBSIDIES, ENDOWMENTS, GRANTS, BEQUESTS, AND OTHER FUNDS.THE BOARD OF DIRECTORS DIRECTS THE MANAGEMENT OF THE OPERATIONS, PROPERTY AFFAIRS AND CONCERNS OF THE FOUNDATION AND ACTIVELY PROMOTES FUNDRASING ACTIVITIES CONSISTENT WITH THE PROVISION OF THE FOUNDATION BY-LAW, AS WRITTEN OR AMENDED IN THE CERTIFICATE OF INCORPORATION. THE BOARD OF DIRECTORS MAKES RECOMMENDATIONS CONCERNING THE ACCEPTANCE OF MONIES, GRANTS, SECURITIES AND ANY OTHER DONATIONS.

Activities or mission (Part I)

TO SUPPORT AND ADVANCE THE EDUCATIONAL AND RESEARCH ACTIVITIES OF HOSTOS COMMUNITY COLLEGE.

  • IN FISCAL YEAR 2023, THE FOUNDATION RAISED OVER $1.5 MILLION IN FUNDS THROUGH GRANTS AND VARIOUS EVENTS. ALL FUNDS RAISED WERE ALLOCATED TOWARDS STUDENT SCHOLARSHIPS AND SUPPORT OF THE EDUCATIONAL MISSION OF HOSTOS COMMUNITY COLLEGE.

    Expenses $1,583,340 · Grants $1,583,340

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jose A Sanchez Kinghorn

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Dolores Batista

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Carolyn McLaughlin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jose Dios

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elba Cabrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason A Caraballo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amarilis Jacobo DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Madeline Marquis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Timothy G Noble

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gunanand Persaud Jr DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julio E Reyes Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rafael Rivera-Viruet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Sancho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Edwin Salas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Teresa A Santaigo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Sancho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Santiago Tkach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Aguado

    NON-VOTING BOARD MEMBER (EMERITI)

    Total calculated
    $0
    Hours/week
    1

  • Daisy Cocco De Filippis PhD

    NON-VOTING BOARD MEMBER (EX-OFFICIO)

    Total calculated
    $428,176
    From this org
    $0
    From related orgs
    $283,560
    Other
    $144,616
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,560 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $144,616 related
    Filer's total
    $0 + $428,176 related

  • Colette Atkins

    NON-VOTING BOARD MEMBER (EX-OFFICIO)

    Total calculated
    $249,150
    From this org
    $0
    From related orgs
    $165,000
    Other
    $84,150
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $84,150 related
    Filer's total
    $0 + $249,150 related

  • Esther Rodriguez-Chardavoyne

    NON-VOTING BOARD MEMBER (EX-OFFICIO)

    Total calculated
    $362,332
    From this org
    $0
    From related orgs
    $239,955
    Other
    $122,377
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $122,377 related
    Filer's total
    $0 + $362,332 related

  • Felix Arocho

    NON-VOTING BOARD MEMBER (EX-OFFICIO)

    Total calculated
    $186,986
    From this org
    $0
    From related orgs
    $123,832
    Other
    $63,154
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $63,154 related
    Filer's total
    $0 + $186,986 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

  • HOSTOS COMMUNITY COLLEGE

    $649,175

    STUDENT TUITION ASSISTANCE/EMERGENCY GRANTS/FOOD PANTRY

  • HOSTOS COMMUNITY COLLEGE

    $565,361

    COLLEGE PROGRAM SUPPORT

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
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202411279349301966

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