THE BROOKLYN COLLEGE FOUNDATION INC

EIN: 111904329 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$19,419,084
Total Expenses
$11,877,795
Total Assets
$140,157,520
Net Assets
$136,661,200
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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NY
Principal Officer
ANTE BASIC
Phone
7189515778
Tax Period
2023-07-01 to 2024-06-30

THE BROOKLYN COLLEGE FOUNDATION INC, founded in 1958, is a mid-sized nonprofit in the Education sector that reported $19.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 39% operating margin.

Mission

TO GENERATE, ENCOURAGE AND PROMOTE THE EDUCATIONAL PURPOSES OF BROOKLYN COLLEGE OF THE CITY UNIVERSITY OF NEW YORK AND THE EDUCATIONAL WELFARE OF ITS STUDENTS IN THEIR RELATIONS WITH EACH OTHER, THE MEMBERS OF THE FACULTY, THE ALUMNI AND THE COMMUNITY, AND TO THESE ENDS, AND FOR NO OTHER PURPOSES, TO PERFORM ANY AND ALL OF THE FOLLOWING:A. TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, PRIZES, AND OTHER ASSISTANCE TO WORTHY STUDENTS AND GRADUATES OF SAID COLLEGE FOR AND ON ACCOUNT OF UNDERGRADUATE AND GRADUATE STUDIES.B. TO PROVIDE AWARDS AND PRIZES TO BROOKLYN COLLEGE STUDENTS ALUMNI FACULTY MEMBERS, STAFF MEMBERS, OR OTHER PERSONS FOR OUTSTANDING ACHIEVEMENTS OR SERVICES TO THE COLLEGE, THE COMMUNITY, OR TO THE FURTHERANCE OF HIGHER EDUCATION GENERALLY.C. TO CONTRIBUTE FUNDS FOR THE LIBRARY, THE ACADEMIC DEPARTMENTS, AND THE ADMINISTRATION OF SAID COLLEGE, THE ESTABLISHMENT, MAINTENANCE, BUILDING IMPROVEMENT, OPERATION, AND SUPPORT OF RECREATIONAL ROOMS, PLACES, AND BUILDING.

Program Service Accomplishments

Program 1
Expenses: $9,332,928 Revenue: $0

IN FY24, THE BROOKLYN COLLEGE FOUNDATION GRANTED MORE THAN $9.3 MILLION TO BROOKLYN COLLEGE. THIS INCLUDES OVER $4.3 MILLION AWARDED TO STUDENTS IN THE FORM OF SCHOLARSHIPS, AWARDS, AND INTERNSHIPS...

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IN FY24, THE BROOKLYN COLLEGE FOUNDATION GRANTED MORE THAN $9.3 MILLION TO BROOKLYN COLLEGE. THIS INCLUDES OVER $4.3 MILLION AWARDED TO STUDENTS IN THE FORM OF SCHOLARSHIPS, AWARDS, AND INTERNSHIPS; AND NEARLY $1,200,000 IN THE FORM OF PROFESSORSHIPS, LECTURESHIPS, AND PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,773,067
Program Service Revenue $0
Investment Income $7,549,055
Other Revenue $96,962
TOTAL REVENUE $19,419,084

Expense Breakdown

Grants Paid $7,943,496
Salaries & Benefits $1,360,438
Fundraising Expenses $1,287,277
Program Expenses $9,332,928
Other Expenses $2,483,882
TOTAL EXPENSES $11,877,795

Year-over-Year Comparison

2023 2022 Change
Revenue $19,419,084 $14,589,197 +0.3%
Expenses $11,877,795 $8,975,154 +0.3%
Net Income $7,541,289 $5,614,043 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
74
Volunteers
27

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY CASTELLANOS CHAIR 2.00
Officer Director
$0 $0 $0
MARTIN D SASS VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ANTE BASIC TREASURER 1.00
Officer Director
$0 $0 $0
STELLA LAGUDIS SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL E BELLER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH BENSON BOARD MEMBER 1.00
Director
$0 $0 $0
DORIS BIEN-AIME BOARD MEMBER 1.00
Director
$0 $0 $0
DON BUCHWALD BOARD MEMBER 1.00
Director
$0 $0 $0
EDWIN H COHEN BOARD MEMBER 1.00
Director
$0 $0 $0
CELIA COSTAS BOARD MEMBER 1.00
Director
$0 $0 $0
IRWIN FEDERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BERNARD H GARIL BOARD MEMBER 1.00
Director
$0 $0 $0
JULES HAIMOVITZ BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD KRAMER BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK LAVADERA BOARD MEMBER 1.00
Director
$0 $0 $0
DON LEMON BOARD MEMBER 1.00
Director
$0 $0 $0
ARLENE LICHTERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARGE MAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL MENENDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
FLORENCE COHEN ROSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ZEV ROSENWAKS BOARD MEMBER 1.00
Director
$0 $0 $0
EVAN SILVERSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
LEONARD TOW BOARD MEMBER 1.00
Director
$0 $0 $0
PAWEL WALZUK BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNE WALDSTREICHER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD A WILPON BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL L ZICKLIN BOARD MEMBER 1.00
Director
$0 $0 $0
TODD MICHAEL GALITZ EXECUTIVE DIRECTOR 22.80
Officer
$0 $0 $0
ALAN GILBERT CHIEF FINANCIAL OFFICER 7.00
Officer
$0 $0 $0
EMILY MOQTADERI MANAGING DIR, CAMPAIGN & LEADERSHIP GIFTS 35.00
Highest
$199,437 $35,022 $234,459
LUDOVIC LEROY DIRECTOR, STRAT. PARTNERSHIPS & INSTIT. SUPPORT 35.00
Highest
$140,387 $30,057 $170,444
JOSEPH FODOR ASSOC. DIRECTOR OF RESEARCH 35.00
Highest
$101,961 $26,944 $128,905
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $19,419,084 $11,877,795 $140,157,520 $7,541,289
2023 $14,589,197 $8,975,154 $124,411,559 $5,614,043
2022 $12,916,756 $7,906,230 $111,605,015 $5,010,526
2021 $15,757,098 $7,495,579 $125,699,928 $8,261,519
2020 $6,939,639 $7,031,207 $101,301,645 $-91,568
2019 $12,977,360 $7,182,050 $101,636,730 $5,795,310
2018 $10,015,075 $7,470,431 $95,178,289 $2,544,644
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