2025-03-26T11:46:31-05:00 2024-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-07-01 510187969 BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC BORO 2122208017 199 CHAMBERS STREET NEW YORK NY 10007 KAREN WILSON-STEVENSON COO/VP OFFICE FOR INSTITUTIONAL ADV 2122208017 2025-01-16 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-01-16 2023 2025-03-06 01:10:19Z KAREN WILSON-STEVENSON 199 CHAMBERS STREET NEW YORK NY 10007 7632734 0 X WWW.BMCC.CUNY/FOUNDATION X 1975 NY THE MISSION OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION IS TO ACQUIRE AND STEWARD FINANCIAL RESOURCES NEEDED TO SUPPORT STUDENT SCHOLARSHIPS AND BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT AND FACULTY PROGRAMS BY DEVELOPING AND STRENGTHENING RELATIONSHIPS WITH PHILANTHROPICALLY INCLINED INDIVIDUALS, FOUNDATIONS, ALUMNI, GOVERNMENT, COMMUNITY ORGANIZATIONS, AND BUSINESSES. 20 20 0 0 0 0 3297149 1558171 0 0 88870 215593 -104042 -108450 3281977 1665314 1488842 1822342 0 0 0 0 0 0 25958 1316909 1947314 2805751 3769656 476226 -2104342 27002127 27550109 14152828 16029192 12849299 11520917 X THE MISSION OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION IS TO ACQUIRE AND STEWARD FINANCIAL RESOURCES NEEDED TO SUPPORT STUDENT SCHOLARSHIPS AND BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT AND FACULTY PROGRAMS BY DEVELOPING AND STRENGTHENING RELATIONSHIPS WITH PHILANTHROPICALLY INCLINED INDIVIDUALS, FOUNDATIONS, ALUMNI, GOVERNMENT, COMMUNITY ORGANIZATIONS, AND BUSINESSES. 0 0 1256459 1256459 SCHOLARSHIPS - THE BMCC FOUNDATION GRANTED NUMEROUS SCHOLARSHIPS AND EMERGENCY GRANTS TO BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENTS. 1741759 THE FOUNDATION FUNDS VARIOUS PROGRAMS THAT BENEFIT STUDENTS, FACULTY AND COLLEGE COMMUNITY 565883 565883 THE FOUNDATION PROVIDES EMERGENCY GRANT FUNDS TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENTS. 3564101 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 48 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT FL MA NJ NY X ADRIANA LAU 2122208017 199 CHAMBERS ST NEW YORK NY 10007 ELIZABETH MARGARITIS BUTSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN DUNLEAVY DIRECTOR 1.00 0.00 X 0 0 0 BILL FISSE DIRECTOR 1.00 0.00 X 0 0 0 MILES FITERMAN II DIRECTOR 1.00 0.00 X 0 0 0 STEVEN FITERMAN DIRECTOR 1.00 0.00 X 0 0 0 JESSICA GATTI DIRECTOR 1.00 0.00 X 0 0 0 SARAH C GOSLER DIRECTOR 1.00 0.00 X 0 0 0 JULIO IZQUIERDO VICE PRESIDENT OF FINANCE & ADMIN 1.00 35.00 X 0 176241 58610 SANDRA LINDSAY DHSC DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND O'KEEFE DIRECTOR (EMERITUS) 1.00 0.00 X 0 0 0 ANTHONY MUNROE DIRECTOR/BMCC PRESIDENT 10.00 35.00 X X 0 334639 62355 ROBERT J MUELLER DIRECTOR (EMERITUS) 1.00 0.00 X 0 0 0 ANTHONY J PORTANNESE CHAIR 3.00 0.00 X X 0 0 0 JONATHAN RESNICK DIRECTOR 1.00 0.00 X 0 0 0 PATRICIA ROSENFIELD VICE CHAIR 2.00 0.00 X X 0 0 0 JOHN W SUTTER SECRETARY/TREASURER 2.00 0.00 X X 0 0 0 TIM TYNAN DIRECTOR 1.00 0.00 X 0 0 0 MEHRNAZ NAZ VAHID DIRECTOR 1.00 0.00 X 0 0 0 MRS SHIRLEY FITERMAN DIRECTOR EMERITUS 1.00 0.00 X 0 0 0 KAREN WILSON-STEVENSON COO/VP OFFICE FOR INSTITUTIONAL ADVANCEMENT 35.00 0.00 X X 0 169310 13545 0 680190 134510 0 0 1 0 0 402814 1155357 1558171 309303 309303 5756284 5849994 -93710 -93710 -93710 0 402814 117426 -117426 -117426 OTHER MISCELLANEOUS 900099 8976 8976 8976 1665314 0 0 107143 1822342 1822342 63895 63895 113186 23653 88033 1500 183653 164854 7366 11433 10572 10316 256 930 930 PROGRAM PROFESSIONAL SE 1437497 1437497 FOOD AND ENTERTAINMENT 108536 105439 3097 BAD DEBT 15000 15000 PRINTING AND POSTAGE 9672 9672 4373 4373 3769656 3564101 179597 25958 98316 376653 1925918 1207137 2189278 1435107 3895 17874 685643 386027 22002416 24030650 96661 96661 27002127 27550109 30350 131182 14122478 15898010 14152828 16029192 X 4694885 4663655 8154414 6857262 12849299 11520917 27002127 27550109 -2104342 775960 0 X X 0 1 X 1 0 X X X 1 BOROUGH OF MANHATTAN COMMUNITY COLLEGE 136400434 2 1 3564101 0 1 3564101 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D. - LINE 3 BOROUGH OF MANHATTAN COMMUNITY COLLEGE HAD A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION, INC. INCOME OR ASSETS AT ALL TIMES DURING THE TAX YEAR. EXPENDITURES OF THE FOUNDATION ARE DERIVED FROM PROPOSALS MADE BY THE COLLEGE TO THE FOUNDATION WITH RESPECT TO USE OF ITS FUNDS. THE COLLEGE WILL EVALUATE AREAS IN WHICH THE FOUNDATION'S RESOURCES ARE REQUIRED AND WILL SUBMIT PROPOSALS TO THE FOUNDATION FOR REVIEW AND APPROVAL BY THE BOARD. PART IV, SECTION E. - LINE 2A THE FOUNDATION DIRECTLY SUPPORTS THE COLLEGE BY PROVIDING LEADERSHIP TO THE COLLEGE IN THE ACQUISITION AND STEWARDSHIP OF THE FINANCIAL RESOURCES NEEDED TO SUPPORT STUDENT SCHOLARSHIPS AND OTHER COLLEGE INITIATIVES THAT IMPACT THE STUDENTS. PLEASE REFER TO SCHEDULE A, PART IV - SECTION D, LINE 3 ABOVE FOR AN EXPLANATION WITH RESPECT TO HOW THE FOUNDATION WAS RESPONSIVE TO THE COLLEGE. THE COLLEGE WILL PROVIDE THE FOUNDATION WITH PROPOSALS REGARDING ANY NEEDS FOR FUNDING WITH RESPECT TO STUDENT SCHOLARSHIPS AND OTHER COLLEGE INITIATIVES. OVER 90% OF THE FOUNDATION'S CURRENT YEAR EXPENDITURES WERE IN SUPPORT OF THE COLLEGE, THEREFORE EVIDENCING THAT THESE ACTIVITIES CONSTITUTED SUBSTANTIALLY ALL OF ITS ACTIVITIES. PART IV, SECTION E. - LINE 2B ALL INITIATIVES AND PROGRAMS SUPPORTED BY THE FOUNDATION, WOULD HAVE BEEN OTHERWISE CONDUCTED BY THE COLLEGE, AS THESE INITIATIVES AND PROGRAMS REPRESENT THE CORE ACTIVITIES REQUIRED FOR THE FINANCIAL SUPPORT OF STUDENTS AND ENHANCEMENT OF THEIR EXPERIENCE AT THE COLLEGE THROUGH OFFERING VARIOUS SPECIAL PROGRAMS SUCH AS "OUT-IN-TWO", STUDY ABROAD, STUDENT'S RESEARCH, FINANCIAL LITERACY PROGRAM, ETC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96661 X X 1 0 1 X 5211227 223121 277511 22820 5689039 4929751 49519 253693 21736 5211227 5893486 11308 -947981 27062 4929751 5035321 40043 1052094 61503 172469 5893486 4977274 74478 113462 82298 47595 5035321 0.30500 0.53720 0.15780 0 0 0 X 3394535 775960 1017156 1793116 1601419 63895 63895 1665314 4722917 1017156 1017156 3705761 63895 63895 3769656 PART III, LINE 4: THE COLLECTION OF ART AT THE FOUNDATION IS DISPLAYED IN PUBLIC SPACES THROUGHOUT THE COLLEGE, WHICH ENHANCES THE CULTURAL EXPERIENCE OF THE STUDENTS. PART IV, LINE 2B: GRANT FUNDS HELD ON BEHALF OF THE COLLEGE. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE COMPRISED OF DONOR DESIGNATED PERMANENT ENDOWMENTS, TEMPORARILY RESTRICTED ENDOWMENTS AND BOARD DESIGNATED ENDOWMENTS. TEMPORARILY RESTRICTED ENDOWMENTS INCLUDE ENDOWMENT FUNDS ESTABLISHED BY DONOR-RESTRICTED GIFTS THAT ARE MAINTAINED TO PROVIDE A SOURCE OF INCOME FOR EITHER A SPECIFIC PERIOD OF TIME OR UNTIL A SPECIFIC EVENT OCCURS (SEE SFAS 114 (ASC 958-205-45)), AS WELL AS ALL OTHER TEMPORARILY RESTRICTED NET ASSETS HELD IN A DONOR-RESTRICTED ENDOWMENT, INCLUDING UNAPPROPRIATED INCOME FROM PERMANENT ENDOWMENTS THAT IS NOT SUBJECT TO A PERMANENT RESTRICTION. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENTS ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GALA 402814 402814 117426 402814 402814 117426 117426 -117426 0 GRANTS 436 565883 SCHOLARSHIPS 1025 1256459 PART I, LINE 2: THE COLLEGE'S OFFICE OF SCHOLARSHIPS MAINTAINS ALL RECORDS THAT SUBSTANTIATE THE AMOUNT OF SCHOLARSHIPS. THE SCHOLARSHIP COMMITTEE MADE UP OF FACULTY AND STAFF REVIEWS THE SCHOLARSHIP APPLICATIONS AND SELECTS THE AWARDEES BASED ON THE COLLEGE SCHOLARSHIP CRITERIA. THE LIST OF APPROVED SCHOLARS IS FORWARDED TO THE FOUNDATION FOR PAYMENT. EACH SCHOLAR IS AWARDED UP TO $3,200 IN FY 22-23. THE STUDENTS SUBMIT THEIR APPLICATIONS FOR LOANS AND GRANTS TO THE SINGLE SHOP OFFICE ALONG WITH A COPY OF THE FINANCIAL AID APPLICATION AND DOCUMENTATION TO JUSTIFY THEIR NEED. THE LOANS ARE APPROVED BASED ON THE DEMONSTRATED AND VERIFIED FINANCIAL NEED AND STUDENT'S ABILITY TO REPAY THE LOAN, A NON-REFUNDABLE GRANT MAY BE APPROVED AFTER MEETING WITH AN OFFICER AT THE SINGLE STOP OFFICE. THE STUDENT APPLYING FOR THE LOAN OR GRANT ALSO MEETS WITH A COUNSELOR WHO PROCESSES THE FINAL APPROVAL OF THE LOAN OR GRANT APPLICATION. UPON APPROVAL, THE REQUEST FOR PAYMENT IS SENT TO THE FOUNDATION. 0 0 0 0 0 0 0 0 0 ANTHONY MUNROE DIRECTOR/BMCC PRESIDENT 0 334639 0 0 0 0 0 26771 0 35584 0 396994 0 0 JULIO IZQUIERDO VICE PRESIDENT OF FINANCE & ADMIN 0 176241 0 0 0 0 0 10474 0 48136 0 234851 0 0 KAREN WILSON-STEVENSON COO/VP OFFICE FOR INSTITUTIONAL ADVA 0 169310 0 0 0 0 0 13545 0 0 0 182855 0 0 FORM 990, PART VI, SECTION A, LINE 2 STEVEN FITERMAN (DIRECTOR), MILES FITERMAN (DIRECTOR) AND SHIRLEY FITERMAN (DIRECTOR) HAVE A FAMILY RELATIONSHIP. CERTAIN OFFICERS AND/OR DIRECTORS OF THE FOUNDATION ARE EMPLOYEES OR DIRECTORS OF BOROUGH OF MANHATTAN COMMUNITY COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY. ONCE APPROVED IT RECEIVES A COPY OF THE COMPLETED RETURN AND THEN THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING ANY CHANGES IN DISCLOSED INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES IN AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE FISCAL YEAR. BOROUGH OF MANHATTAN COMMUNITY COLLEGE 199 CHAMBERS ST NEW YORK NY 10007 136400434 COLLEGE NY SEC 115 N/A 0 BMCC EARLY CHILDHOOD CENTER 199 CHAMBERS ST NEW YORK NY 10007 133251186 CHILDCARE NY 501(C)(3) LINE 7 BMCC 0 BMCC AUXILIARY ENTERPRICES CORPORATION 199 CHAMBERS ST NEW YORK NY 10007 133235413 AUXILIARY SERVICES NY 501(C)(3) LINE 12A, I BMCC 0 BMCC ASSOCIATION INC 199 CHAMBERS ST NEW YORK NY 10007 136203441 STUDENT ASSN NY 501(C)(3) LINE 10 BMCC 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0