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Nonprofiteer
← HERBERT H LEHMAN COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by HERBERT H LEHMAN COLLEGE FOUNDATION INC.

Totals

Total revenue
$5,386,626
Total expenses
$4,574,288
Contributions and grants received
$4,581,896
Grants paid
$2,344,276
Program service revenue
$0
Investment income
$686,832
Other revenue
$117,898
Total assets, end of year
$16,830,733
Total liabilities, end of year
$190,000
Net assets or fund balances, end of year
$16,640,733
Program services expenses (Part IX)
$3,782,263
Management and general expenses
$269,554
Fundraising expenses
$522,471
Program service expenses (Part III)
$3,782,263

Program services were 82.7% 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

    $177,157

  • 1f · All other contributions, gifts and grants

    $4,404,739

  • 1g · Noncash contributions included above

    $35,471

  • 3 · Investment income

    total $380,227 · excluded $380,227

  • 7a · Gross sales of assets other than inventory

    securities $326,877

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

    securities $20,272

  • 7c · Gain or loss

    securities $306,605

  • 7d · Net gain or loss

    total $306,605 · excluded $306,605

  • 8a · Fundraising events: gross income

    $176,370

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

    $177,157

  • 8b · Fundraising events: direct expenses

    $58,472

  • 8c · Net income from fundraising events

    total $117,898 · excluded $117,898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,344,276 · program services $2,344,276

  • 7 · Other salaries and wages

    total $775,091 · program services $680,102 · management and general $94,989

  • 11c · Fees: accounting

    total $78,386 · management and general $78,386

  • 11e · Fees: professional fundraising services

    total $133,812 · fundraising $133,812

  • 11g · Fees: other

    total $597,916 · program services $224,130 · management and general $20,597 · fundraising $353,189

  • 12 · Advertising and promotion

    total $72,097 · program services $70,369 · management and general $1,728

  • 13 · Office expenses

    total $122,506 · program services $122,096 · management and general $410

  • 14 · Information technology

    total $31,662 · program services $31,662

  • 17 · Travel

    total $189,729 · program services $187,121 · management and general $2,608

  • 23 · Insurance

    total $10,486 · management and general $10,486

  • 24a · Other expenses: SUBSCRIPTIONS AND MEMBE

    total $88,568 · program services $61,081 · management and general $27,487

  • 24b · Other expenses: BAD DEBT

    total $61,426 · program services $61,426

  • 24c · Other expenses: GIFTS

    total $35,471 · management and general $1 · fundraising $35,470

  • 24d · Other expenses: BANKING AND PROCESSING

    total $19,497 · management and general $19,497

  • 24e · All other expenses

    total $13,365 · management and general $13,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,305,323 · end of year $1,002,473

  • 2 · Savings and temporary cash investments

    beginning of year $56,433 · end of year $5,465,405

  • 3 · Pledges and grants receivable

    beginning of year $1,122,786 · end of year $319,643

  • 4 · Accounts receivable

    beginning of year $488 · end of year $491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,672 · end of year $96,845

  • 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 $8,854,528 · end of year $9,929,712

  • 15 · Other assets

    beginning of year $20,068 · end of year $16,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,539 · end of year $190,000

  • 25 · Other liabilities

    beginning of year $1,485 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,468,886 · end of year $1,813,488

  • 28 · Net assets with donor restrictions

    beginning of year $13,778,388 · end of year $14,827,245

Mission and programs · 2024

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 LEHMAN COLLEGE'S DIVERSE COMMUNITY OF NEARLY 13,000 STUDENTS BY PROVIDING ESSENTIAL FINANCIAL AND PROGRAMMATIC RESOURCES. IN FISCAL YEAR 2025, THE FOUNDATION DISTRIBUTED $4.1 MILLION IN DONOR-RESTRICTED FUNDS TO UNDERWRITE SCHOLARSHIPS, AWARDS, AND ACADEMIC INITIATIVES, DIRECTLY BENEFITING STUDENTS AND ENHANCING EDUCATIONAL PROGRAMS. OF THIS AMOUNT, $2.27 MILLION WAS ALLOCATED FOR STUDENT SCHOLARSHIPS AND PROGRAMMATIC AID, RESULTING IN 1,275 SCHOLARSHIPS AND AWARDS DISBURSED, WHILE $1.7 MILLION SUPPORTED COLLEGE INITIATIVES, INCLUDING FACULTY DEVELOPMENT AND CAMPUS ENHANCEMENTS. THROUGH THESE EFFORTS, THE FOUNDATION EMPOWERS STUDENTS FROM A WIDE RANGE OF CULTURAL AND ECONOMIC BACKGROUNDS TO PURSUE THEIR ASPIRATIONS AND SUCCEED ACADEMICALLY. THESE INVESTMENTS REFLECT THE FOUNDATION'S COMMITMENT TO TRANSFORMING ASPIRATIONS INTO ACHIEVEMENTS AND PREPARING THE NEXT GENERATION OF LEADERS AND CHANGEMAKERS.

    Expenses $3,782,263 · Grants $2,344,276

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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

  • JULISSA ALVAREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR PAUL V BERESFORD-HILL CBE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER BERNSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • IRA BLOOM JD

    BOARD MEMBER (RETIRED 9-1-

    Total calculated
    $0
    Hours/week
    1

  • DR FERNANDO DELGADO PHD

    EX-OFFICIO MEMBER/VOTING

    Total calculated
    $530,041
    From this org
    $0
    From related orgs
    $362,761
    Other
    $167,280
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,761 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $167,280 related
    Filer's total
    $0 + $530,041 related

  • RUBEN DIAZ JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA RIVERO GONZALEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADAM S KRAINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR HERMINIO MARTINEZ PHD

    EX-OFFICIO MEMBER/VOTING

    Total calculated
    $297,102
    From this org
    $0
    From related orgs
    $212,182
    Other
    $84,920
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,182 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $84,920 related
    Filer's total
    $0 + $297,102 related

  • DAVID T NGUYEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RENE M ROTOLO

    EX-OFFICIO MEMBER/VOTING

    Total calculated
    $309,897
    From this org
    $0
    From related orgs
    $200,177
    Other
    $109,720
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,177 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $109,720 related
    Filer's total
    $0 + $309,897 related

  • ROBERT SANCHO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL YACKIRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE JEAN-MARIE

    EXECUTIVE DIR EX-OFFICIO/NON-VOTING

    Total calculated
    $213,507
    From this org
    $0
    From related orgs
    $141,159
    Other
    $72,348
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $141,159 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $72,348 related
    Filer's total
    $0 + $213,507 related

  • KELLY M BROWN

    VP INST'L ADVANCEMENT EX-OFFICIO/VOTING

    Total calculated
    $307,469
    From this org
    $0
    From related orgs
    $188,129
    Other
    $119,340
    Hours/week
    7 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,129 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $119,340 related
    Filer's total
    $0 + $307,469 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

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
10 December 2025
IRS schema version
2024v5.2
Source object
202640169349300419

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