OLD WESTBURY COLLEGE FOUNDATION INC

EIN: 112162880 501(c)(3)

OLD WESTBURY, NY

Total Revenue
$747,370
Total Expenses
$375,833
Total Assets
$3,678,085
Net Assets
$3,662,835
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
ANGELA WAMBUGU COBB
Phone
5168763207
Tax Period
2024-07-01 to 2025-06-30

OLD WESTBURY COLLEGE FOUNDATION INC, founded in 1968, is a small nonprofit that reported $747K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $372K, a strong 50% operating margin.

Mission

TO PROVIDE RESOURCES, DEVELOP RELATIONSHIPS, CREATE ADDITIONAL AWARENESS AND OFFER GUIDANCE WHEN APPROPRIATE TO ENSURE CONTINUOUS PROGRESS IN THE DEVELOPMENT OF SUNY OLD WESTBURY'S ACADEMIC PROGRAMS, STUDENT LIFE, AND COMMUNITY RELATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $545,780
Program Service Revenue $0
Investment Income $210,090
Other Revenue $-8,500
TOTAL REVENUE $747,370

Expense Breakdown

Grants Paid $264,049
Salaries & Benefits $0
Fundraising Expenses $1,800
Program Expenses $318,659
Other Expenses $111,784
TOTAL EXPENSES $375,833

Year-over-Year Comparison

2024 2023 Change
Revenue $747,370 $646,996 +0.2%
Expenses $375,833 $350,538 +0.1%
Net Income $371,537 $296,458 +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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER H MUN TRUSTEE (THRU MARCH 2025) 0.25
Director
$0 $0 $0
ANA TAVARES TRUSTEE 0.25
Director
$0 $0 $0
DR ANDREA ELDER-HOWELL TRUSTEE 0.25
Director
$0 $0 $0
DEREK PETERSON TRUSTEE 0.25
Director
$0 $0 $0
DONALD GELESTINO TRUSTEE 0.25
Director
$0 $0 $0
ELIZABETH CUSTODIO TRUSTEE 0.25
Director
$0 $0 $0
ERIC SCHWARTZ TRUSTEE (THRU MARCH 2025) 0.25
Director
$0 $0 $0
DR FAROQUE KHAN TRUSTEE 0.25
Director
$0 $0 $0
GARY CASIMIR TRUSTEE 0.25
Director
$0 $0 $0
JANET H SHIN TRUSTEE (THRU MARCH 2025) 0.25
Director
$0 $0 $0
JASON SANDOVAL TRUSTEE 0.25
Director
$0 $0 $0
JOSEPH CONRAD LEWIS TRUSTEE 0.25
Director
$0 $0 $0
JOSEPH SHEEHAN VICE CHAIR 0.25
Officer Director
$0 $0 $0
KEITH R ENGLEY TREASURER 3.00
Officer Director
$0 $0 $0
KERRY RUOFF TRUSTEE (THRU SEPT 2024) 0.25
Director
$0 $0 $0
DR KYLE ANDERSON TRUSTEE (THRU MARCH 2025) 0.25
Director
$0 $0 $0
LARRY LAWSON TRUSTEE (THRU SEPT 2024) 0.25
Director
$0 $0 $0
DR LORRAINE CADOGAN-COCHRANE TRUSTEE 0.25
Director
$0 $0 $0
LUIS RAS TRUSTEE (THRU SEPT 2024) 0.25
Director
$0 $0 $0
MAGDALONIE PARIS-CAMPBELL TRUSTEE 0.25
Director
$0 $0 $0
MAGDY SHADY TRUSTEE 0.25
Director
$0 $0 $0
MICHELLE DIBENEDETTO TRUSTEE (THRU SEPT 2024) 0.25
Director
$0 $0 $0
NATALIE MALATINO TRUSTEE (THRU MAY 2025) 0.25
Director
$0 $0 $0
NORA BASSETT CHAIRPERSON 3.00
Officer Director
$0 $0 $0
RALPH L JOHNSON TRUSTEE 0.25
Director
$0 $0 $0
RAVISHANKAR BHOOPLAPUR TRUSTEE 0.25
Director
$0 $0 $0
RHONDA L MACO TRUSTEE (THRU MARCH 2025) 0.25
Director
$0 $0 $0
DR STEPHANIE SCHNEIDER TRUSTEE 0.25
Director
$0 $0 $0
STEVEN CONNOLLY TRUSTEE 0.25
Director
$0 $0 $0
TIMOTHY CONERS TRUSTEE 0.25
Director
$0 $0 $0
TIMOTHY E SAMS TRUSTEE 0.25
Director
$0 $0 $0
TRACY L DEANGELIS-BUSCH TRUSTEE 0.25
Director
$0 $0 $0
VIVIANA RUSSELL TRUSTEE 0.25
Director
$0 $0 $0
WALTER E ODEN II TRUSTEE 0.25
Director
$0 $0 $0
WILLIAM KING MOSS III TRUSTEE 0.25
Director
$0 $0 $0
YIYAO CHANDLER ZHANG TRUSTEE (THRU JUNE 2025) 0.25
Director
$0 $0 $0
ANGELA WAMBUGU COBB EXECUTIVE DIRECTOR 18.00
Officer
$0 $0 $0
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 $747,370 $375,833 $3,678,085 $371,537
2024 $646,996 $350,538 $3,261,415 $296,458
2023 $373,190 $331,582 $2,843,964 $41,608
2022 $458,393 $416,327 $2,742,272 $42,066
2021 $358,695 $186,884 $2,926,066 $171,811
2020 $311,937 $182,744 $2,441,090 $129,193
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