2024-07-11T12:42:32-05:00 2023-08-31 111986323 MARCUM LLP 10 MELVILLE PARK ROAD MELVILLE NY 117473146 990 2022-09-01 237050397 WESTCHESTER COMMUNITY COLLEGE FOUNDATION INC WEST 9147856670 75 GRASSLANDS ROAD VALHALLA NY 10595 DOLORES SWIRIN-YAO EXECUTIVE DIRECTOR 9147856670 2024-07-11 1 DOLORES SWIRIN-YAO 999009999 0 MARY ANN MENDEL P00551302 6314144000 2024-07-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOLORES SWIRIN-YAO 75 GRASSLANDS ROAD VALHALLA NY 10595 43804941 0 X WWW.WCCF-NY.ORG X 1969 NY SEE SCHEDULE OSCHOLARSHIP, FINANCIAL AND PROGRAMMATIC SUPPORT TO PROMOTE STUDENT SUCCESS IN COLLEGE AND BEYOND. 50 49 10 449 0 0 4391345 5338197 0 0 2912152 2780295 226736 321951 7530233 8440443 4863677 3730284 0 0 714467 690720 0 0 234779 671058 436832 6249202 4857836 1281031 3582607 61692109 65541109 1858135 785376 59833974 64755733 X SEE SCHEDULE OTHE PURPOSES OF THE FOUNDATION SHALL BE TO AID AND ADVANCE THE MISSION OF WESTCHESTER COMMUNITY COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION. RECOGNIZING THAT PUBLIC EDUCATION IS A PUBLIC RESPONSIBILITY, THE FOUNDATION SHALL HAVE AS ITS GOAL THE DEVELOPMENT OF VOLUNTARY AND SUPPLEMENTAL SUPPORT THAT SHALL STRENGTHEN AND ENRICH THE EDUCATIONAL LIFE AND ENVIRONMENT OF WESTCHESTER COMMUNITY COLLEGE. 0 0 2638288 2638288 SCHOLARSHIPS AND AWARDS - SEE SCHEDULE OSCHOLARSHIPS AND AWARDS:SCHOLARSHIP FUNDING IS A VITAL PART OF THE FOUNDATION'S MISSION, LEVELING THE PLAYING FIELD BY MAKING SURE EDUCATION IS AVAILABLE TO ALL WHO SEEK IT. DESPITE THE COLLEGE'S BEST EFFORTS TO CONTAIN COSTS, EVEN WITH THE LOWEST TUITION IN OUR REGION, TUITION, FEES, TRANSPORTATION, AND EVEN SUSTENANCE ARE OBSTACLES FOR MANY STUDENTS WHO HAVE A PROFOUND AND COMPELLING NEED FOR ASSISTANCE. SCHOLARSHIPS HAVE A TRANSFORMATIONAL IMPACT, MOST OFTEN MAKING THE CRUCIAL DIFFERENCE BETWEEN MOVING AHEAD AND FALLING BEHIND. IN ADDITION TO IMPORTANT FINANCIAL BENEFITS, SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT. SCHOLARSHIPS ARE AVAILABLE FOR INCOMING, CONTINUING AND GRADUATING STUDENTS; EMERGENCY AID ASSISTS STUDENT WITH FOOD INSECURITY, TRANSPORTATION, AND UNFORESEEN PREDICAMENTS. THIS PAST YEAR, GIFTS FROM INDIVIDUALS, FOUNDATIONS, AND CORPORATIONS ENABLED THE FOUNDATION TO DISTRIBUTE $2,602,630 MILLION IN SCHOLARSHIP AWARDS, WHICH INCLUDES $133,000 IN EMERGENCY GRANT FUNDING FOR STUDENTS FACING HOUSING, FOOD AND TRANSPORTATION INSECURITY AND $245,000 IN SUPPORT FOR THE COLLEGE'S VIRGINIA MARX CHILDREN'S CENTER, AN AWARD-WINNING EARLY CHILDHOOD EDUCATION PROGRAM. 1676511 1091996 COLLEGE INSTITUTIONAL ENRICHMENT - SEE SCHEDULE OCOLLEGE INSTITUTIONAL ENRICHMENT:IN DECEMBER 2022, THE FOUNDATION OFFICIALLY COMPLETED ITS PATHWAYS CAMPAIGN, A COMPREHENSIVE CAMPAIGN TO IMPROVE STUDENT OUTCOMES THROUGH PROGRAMS AND SERVICES DESIGNED TO INCREASE STUDENT READINESS, SUCCESS AND OVERALL SUPPORT. OVER THE COURSE OF NINE YEARS, THE WCC FOUNDATION RAISED CLOSE TO $60 MILLION, MUCH OF WHICH HELPED TO INITIATE AND IS CURRENTLY SUPPORTING THE FOLLOWING MAJOR INITIATIVES: THE HONORS COLLEGE THE CENTER FOR EXCELLENCE IN CYBERSECURITY THE VETERANS RESOURCE CENTER VIKING ROADS A COMPREHENSIVE HEALTH AND WELLNESS SUITEINITIATIVES IN FISCAL YEAR 2023 INCLUDED:*JPMORGAN CHASE FOUNDATION PROVIDED $200,000 (SECOND PART OF A $400,000/TWO-YEAR GRANT) TO DEVELOP SHORT-TERM WORKFORCE PROGRAMS AT THE COLLEGE'S YONKERS AND MOUNT VERNON EXTENSION CENTERS*NATIONAL COUNCIL FOR WORKFORCE EDUCATION PROVIDED $150,000 (SECOND YEAR OF A THREE-YEAR $450,000 GRANT TO SUPPORT FINANCIAL WELLNESS EDUCATION CAMPUS WIDE.*CENTER OF EXCELLENCE IN CYBERSECURITY COMPLETED THE CONSTRUCTION OF NEW LABS, CLASSROOMS, ADMINISTRATIVE SPACES IN PREPARATION FOR AN OFFICIAL OPENING IN FALL 2023*SIMULATED HOSPITAL LAB PROJECT RECEIVED APPROVAL TO BEGIN DESIGN AND CONSTRUCTION.*THE HONORS COLLEGE GRADUATED ITS FIFTH COHORT, WITH ONE STUDENT GETTING ACCEPTED TO YALE ON A FULL SCHOLARSHIP *VIKING ROADS CONTINUES TO INCREASE THE PERCENTAGE OF STUDENTS WHO ARE ENROLLED IN THIS PROGRAM, WHICH REMOVES IMPEDIMENTS TO GRADUATION BY PROVIDING TUITION SUPPORT, TRANSPORTATION FUNDING, BOOK STIPEND, AND MANDATORY COUNSELING.THE NATIVE PLANT CENTER TEACHES SUSTAINABLE GARDENING TO SUNY WCC STUDENTS AS WELL AS COMMUNITY-WIDE LEARNERS, WHICH INCLUDE HOME GARDENERS, LANDSCAPE PROFESSIONALS, MUNICIPAL PLANNERS, LAND MANAGERS, ENVIRONMENTAL/GARDENING GROUPS, AND INDIVIDUALS THROUGHOUT THE TRI-STATE AREA. FOUNDED IN 1998 AS THE FIRST AFFILIATE OF THE LADY BIRD JOHNSON WILDFLOWER CENTER IN AUSTIN, TEXAS, THE NATIVE PLANT CENTER PROVIDES RESOURCES FOR ENVIRONMENTAL STUDY; PRESENTS CLASSES ON SUSTAINABLE GARDENING NATIVE PLANT IDENTIFICATION, AND ECOLOGICAL PROCESSES; HOSTS LANDSCAPE CONFERENCES ON TIMELY ENVIRONMENTAL TOPICS (I.E. CLIMATE CHANGE, WILDLIFE HABITATS, SUSTAINABLE MAINTENANCE) THAT TARGET PROFESSIONAL AUDIENCES; PRESENTS TO LOCAL, REGIONAL, AND STATEWIDE COMMUNITY GROUPS; GIVES TOURS OF THE NATIVE PLANT CENTER TEACHING GARDENS; HOLDS AN ANNUAL SALE OF THOUSANDS OF NATIVE PLANTS; ENGAGES COMMUNITY INVOLVEMENT IN THE GARDENS THROUGH VOLUNTEER WORK DAYS; AND PARTNERS WITH OTHER ORGANIZATIONS AND GOVERNMENT AGENCIES TO PROMOTE AND TEACH ABOUT THE USE OF NATIVE PLANTS. 4314799 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 74 0 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 50 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X JEFF GOLDBERG 9146066670 CO WCCF 75 GRASSLANDS ROAD VALHALLA NY 10595 ALEIDA M FREDERICO DIRECTOR 1.00 X 0 0 0 ALICE TENNEY DIRECTOR 1.00 X 0 0 0 AMY ANSEHL DIRECTOR 1.00 X 0 0 0 BARBARA A ABELES DIRECTOR 1.00 X 0 0 0 BENJAMIN CHEEVER UNTIL 1123 DIRECTOR 1.00 X 0 0 0 BETTY COTTON DIRECTOR 1.00 X 0 0 0 CORNELIA BESHAR SPRING VICE PRESIDENT 3.00 X X 0 0 0 DAVID J BERRY DIRECTOR 1.00 X 0 0 0 DEBORAH RAIZES DIRECTOR 1.00 X 0 0 0 DOUG GREENE DIRECTOR 1.00 X 0 0 0 DR JEREMY KOHOMBAN UNTIL 0623 DIRECTOR 1.00 X 0 0 0 EDWARD L CONWAY UNTIL 1222 DIRECTOR 1.00 X 0 0 0 ELYSE KLAYMAN DIRECTOR 1.00 X 0 0 0 EVELYN STOCK DIRECTOR 1.00 X 0 0 0 GEORGE E AUSTIN DIRECTOR 1.00 X 0 0 0 GEORGE LINDSAY SECRETARY 3.00 X X 0 0 0 HELEN T WILLIAMS DIRECTOR 1.00 X 0 0 0 HONORABLE ANNE JANIAK DIRECTOR 1.00 X 0 0 0 HONORABLE CECILE D SINGER DIRECTOR 1.00 X 0 0 0 HONORABLE GEORGE LATIMER DIRECTOR 1.00 X 0 0 0 JAMES W COBB UNTIL 0423 DIRECTOR 1.00 X 0 0 0 JENNIFER GRUENBERG VICE PRESIDENT 3.00 X X 0 0 0 JOANNE LANDAU CHAIRPERSON 3.00 X X 0 0 0 JOHN A DECICCO DIRECTOR 1.00 X 0 0 0 JOHN W PRIESING DIRECTOR 1.00 X 0 0 0 JOSHUA H STRAUSS DIRECTOR 1.00 X 0 0 0 JOYCE A HIRSCH DIRECTOR 1.00 X 0 0 0 KATHERINE STIPICEVIC DIRECTOR 1.00 X 0 0 0 LINDA MOSER DIRECTOR 1.00 X 0 0 0 LISA M DENIG DIRECTOR 1.00 X 0 0 0 LUCILLE S WERLINICH DIRECTOR 1.00 X 0 0 0 MATTHEW G MCCROSSON DIRECTOR 1.00 X 0 0 0 MERYL A ALLISON DIRECTOR 1.00 X 0 0 0 PATRICIA LUNKA DIRECTOR 1.00 X 0 0 0 PETER HERRERO DIRECTOR 1.00 X 0 0 0 PHILIP J MCGRATH DIRECTOR 1.00 X 0 0 0 RICHARD MARTINELLI DIRECTOR 1.00 X 0 0 0 RICHARD SHEARER UNTIL 1122 DIRECTOR 1.00 X 0 0 0 ROBERT CORDERO TREASURER 3.00 X X 0 0 0 RUTH SUZMAN DIRECTOR 1.00 X 0 0 0 SANI WILLIAMS DIRECTOR 1.00 X 0 0 0 SHARON FARMAN COOPER ESQ DIRECTOR 1.00 X 0 0 0 SHIRLEY PHILLIPS DIRECTOR 1.00 X 0 0 0 STEPHEN LOWEY DIRECTOR 1.00 X 0 0 0 SUSAN ELION WOLLIN DIRECTOR 1.00 X 0 0 0 SUSAN YUBAS DIRECTOR 1.00 X 0 0 0 THOMAS T LEE PRESIDENT 3.00 X X 0 0 0 WENDY NADAL DIRECTOR 1.00 X 0 0 0 WILSON KIMBALL DIRECTOR 1.00 X 0 0 0 YVONNE POLLACK DIRECTOR 1.00 X 0 0 0 DOLORES SWIRIN-YAO EXECUTIVE DIRECTOR 17.50 17.50 X 0 176408 14610 JEFF GOLDBERG CFO 35.00 X 164663 0 12984 CAROL CAPOBIANCO DIRECTOR, NATIVE PLANT CENTER 35.00 X 0 103790 11118 ILENE LIEBERMAN DIR. OF ANNUAL GIVING 35.00 X 0 154594 12574 JESSICA DENARO UNTIL 0223 DIR. OF ANNUAL GIVING 35.00 X 0 104888 8728 164663 539680 60014 1 0 1 0 0 48115 38749 5251333 44069 5338197 1355027 1355027 510410 175252 335158 335158 335158 36591402 35166134 1425268 1425268 1425268 9905 48115 23112 -13207 -13207 8440443 1425268 0 1676978 1091996 1091996 2638288 2638288 179433 136369 19738 23326 413917 311535 48546 53836 28079 9118 4057 14904 20362 8063 4587 7712 48929 19374 11023 18532 23604 817 17714 5073 118119 118119 122421 28954 35690 57777 18304 7645 8286 2373 23086 799 17325 4962 14230 14230 2655 92 1992 571 17694 612 13279 3803 ALUMNI ENRICHMENT 42716 42716 DONOR RELATIONS 39647 39647 ADMINISTRATIVE COSTS 10530 365 7902 2263 3826 3826 4857836 4314799 308258 234779 6350 2213 7676547 2541981 393935 137132 83191 547392 28053 50952 26300 18665 5548 7635 48110594 14604766 5387891 39015857 0 8633181 61692109 65541109 1572779 367665 226118 361370 59238 56341 1858135 785376 X 8203049 9309495 51630925 55446238 59833974 64755733 61692109 65541109 X 3582607 1340221 -1069 X X 0 1 X 1 0 X 5442252 8445051 7262531 4391345 5338197 30879376 5442252 8445051 7262531 4391345 5338197 30879376 5796564 25082812 1230417 1003538 1273531 1685388 1355027 6547901 107051 38663 36982 37785 9905 230386 37657663 0.66610 0.60880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39827764 607055 3513883 1143999 42804703 43114953 836030 -9721356 1115176 677732 32436719 32865272 3481229 8583846 1413495 401899 43114953 31008515 738421 2571447 1059893 393218 32865272 31134430 1076643 167793 1188886 181465 31008515 1.00000 0.00000 0 0 26300 18665 7635 7635 TIFF MULTI-ASSET FUND 2100491 F TIFF CENTERSTONE FUND 21654899 F TIFF GLOBAL EQUITY FUND 5435245 F TIFF KEYSTONE FUND 7817829 F HANCOCK TIMBERLAND XI, L.P. 1232425 F LINX PARTNERS III, L.P. 720180 F ASSETS OF GIFT ANNUITY FUND 54788 F 39015857 OTHER ASSETS 421578 INVESTMENT SUBSCRIPTION IN ADVANCE 5000000 BENIFICIAL INTEREST IN TRUST 694149 INVESTMENT - COUNTY HOMES LLC 2517454 8633181 ANNUITY PAYMENT LIABILITY 56341 56341 X 10709675 1340221 522854 -1069 1862006 8847669 118119 -525345 -407226 8440443 5554027 522854 291456 814310 4739717 118119 118119 4857836 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED FOR THE FOLLOWING PURPOSES: SCHOLARSHIPS $21,464,509; VIRGINIA MARX CHILDREN'S CENTER PROGRAMS AND SCHOLARSHIPS $5,501,225; COLLEGE ENHANCEMENT AND ENRICHMENT $6,600,769; DR. HANKIN GATEWAY TO THE FUTURE FUND $8,170,247; AND GENERAL PURPOSES OF THE FOUNDATION $1,067,954. THE OPENING BALANCE HAS BEEN INCREASED $7,391,045 TO REFLECT THE INCLUSION OF THE ACCUMULATED EARNINGS OF THE PRINCIPAL OF THE ENDOWMENT FUNDS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS CLASSIFIED AS A PUBLIC CHARITY. THE FOUNDATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS INTEREST EXPENSE AND ADDITIONAL INCOME TAXES, RESPECTIVELY, IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. COUNTY HOMES LLC (SEE SCHEDULE R) ACCOUNTS FOR INCOME TAXES UNDER THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH REQUIRES AN ASSET AND LIABILITY APPROACH FOR FINANCIAL REPORTING OF INCOME TAXES. THERE WAS NO PROVISION FOR INCOME TAX EXPENSE FOR HOMES FOR THE YEAR ENDED AUGUST 31, 2023, SINCE HOMES HAD NO NET TAXABLE INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED CHANGE IN GIFT ANNUITY PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NON-CONTROLLING INTEREST IN EARNING OF SUBSIDIARY PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES PRESIDENT'S FORUM 36543 30818 5725 23112 GREAT CHEFS 21477 17297 4180 58020 48115 9905 23112 23112 -13207 1 WESTCHESTER COMMUNITY COLLEGE 75 GRASSLANDS ROAD VALHALLA NY 10595 136608356 1087820 0 TO SUPPORT THE COLLEGE INSTITUTOIONAL ENRICHMENT PROGRAMS. 0 1 SCHOLARSHIPS 2097 2638288 PART I, LINE 2: IN ORDER TO SUPPORT THE COLLEGE'S RECRUITMENT, RETENTION, AND COMPLETION GOALS, THE FOUNDATION PARTNERS WITH THE COLLEGE'S OFFICE OF FINANCIAL ASSISTANCE TO DISTRIBUTE SCHOLARSHIPS. AWARDING IS BASED UPON A DATA-DRIVEN METRIC TAKING INTO ACCOUNT MERIT, NEED, AND OTHER FACTORS. IN ADDITION TO ASSURING THAT THE GREATEST NUMBER OF DESERVING STUDENTS ARE CONSIDERED FOR AWARDS, THE SYSTEM PROVIDES A COMPREHENSIVE PACKAGE OF STUDENT AID. REFER TO SCHEDULE O FOR AN ADDITIONAL DESCRIPTION OF THE FOUNDATION'S SCHOLARSHIP PROGRAM. X X 0 0 0 0 0 0 0 0 0 DOLORES SWIRIN-YAO EXECUTIVE DIRECTOR 0 176408 0 0 0 0 0 14610 0 0 0 191018 0 0 JEFF GOLDBERG CFO 152663 0 0 0 12000 0 12984 0 0 0 177647 0 0 0 ILENE LIEBERMAN DIR. OF ANNUAL GIVING 0 152054 0 0 0 2540 0 12574 0 0 0 167168 0 0 PART I, LINE 3 SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION B, LINE 15. X 3 42037 AVG. SELLING PRICE X BOARD LUNCHEON DONATIONS 2 2032 COST 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE FOUNDATION EXECUTIVES AND IS MADE AVAILABLE ELECTRONICALLY AND/OR BY PAPER WHEN REQUESTED FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. IN ADDITION, NEW BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM UPON APPOINTMENT. ALL DISCLOSURES REQUIRED UNDER THE POLICY SHALL BE MADE TO THE SECRETARY OF THE BOARD OF DIRECTORS AND SHOULD A CONFLICT OF INTEREST EXIST, A DIRECTOR IS TO REFRAIN FROM PARTICIPATION IN ANY CONSIDERATION OF THE MATTER AT ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE WCC FOUNDATION'S EXECUTIVE DIRECTOR AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE EMPLOYED BY A RELATED ENTITY, WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY. THE RELATED ENTITY ESTABLISHES JOB CLASSES WITH SALARY RANGES THAT ARE BASED UPON MANY FACTORS. OFFICERS ALSO PAID BY THE WCC FOUNDATION ARE GUIDED BY THE SAME JOB CLASSES AND SALARY RANGES ESTABLISHED BY WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY FOR THEIR HIGHLY COMPENSATED EMPLOYEES WHICH IS APPROVED BY THE OFFICERS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE MOST RECENT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 IS MAINTAINED AT THE WESTCHESTER COMMUNITY COLLEGE OFFICE AND IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH WESTCHESTER COMMUNITY COLLEGE'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITY -1,069. WESTCHESTER COMMUNITY COLLEGE 75 GRASSLANDS ROAD VALHALLA NY 10595 136608356 EDUCATIONAL NY N/A 0 COUNTY HOMES LLC 80S BOARDWAY TARRYTOWN NY 10591 133867731 RENTAL PROPERTY NY WESTCHESTER COMMUNITY COLLEGE FOUNDATION INC RENTAL INCOME 233889 4467349 0 0 0.60000 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 COUNTY HOMES LLC S 166086 CASH RECEIVED