NEW YORK CITY COLLEGE OF TECHNOLOGY FOUNDATION INC

EIN: 112529356 501(c)(3)

BROOKLYN, NY

Total Revenue
$3,949,455
Total Expenses
$1,279,021
Total Assets
$11,130,084
Net Assets
$11,047,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Principal Officer
DR GAREY ELLIS
Phone
7182605025
Tax Period
2024-07-01 to 2025-06-30

NEW YORK CITY COLLEGE OF TECHNOLOGY FOUNDATION INC, founded in 1981, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 243% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 68% operating margin.

Mission

TO SOLICIT AND ACCEPT GIFTS TO NEW YORK CITY COLLEGE OF TECHNOLOGY IN SUPPORT OF CITY TECH'S EDUCATIONAL MISSION AND PROGRAMS.

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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 $3,725,561
Program Service Revenue $0
Investment Income $223,894
Other Revenue $0
TOTAL REVENUE $3,949,455

Expense Breakdown

Grants Paid $1,069,749
Salaries & Benefits $117,304
Fundraising Expenses $0
Program Expenses $1,069,749
Other Expenses $91,968
TOTAL EXPENSES $1,279,021

Year-over-Year Comparison

2024 2023 Change
Revenue $3,949,455 $1,150,664 +2.4%
Expenses $1,279,021 $1,132,601 +0.1%
Net Income $2,670,434 $18,063 +146.8%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
3
Volunteers
N/A

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
$152,839
Total Directors
13
$382,946
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAUNGLEA AMBROISE DIRECTOR 0.50
Director
$0 $0 $0
THOMAS G AMON ESQ DIRECTOR 0.50
Director
$0 $0 $0
LUIS DE LOS SANTOS DIRECTOR 0.50
Director
$0 $0 $0
DR GAREY V ELLIS MD CHAIR 0.50
Officer Director
$0 $0 $0
TIMOTHY HUNTER DIRECTOR 0.50
Director
$0 $0 $0
CHIMA JOSEPH DIRECTOR 0.50
Director
$0 $0 $0
JOCELYNNE RAINEY DIRECTOR 0.50
Director
$0 $0 $0
YVONNE RILEY-TEPIE DIRECTOR 0.50
Director
$0 $0 $0
MILTON SANTIAGO DIRECTOR 0.50
Director
$0 $0 $0
JOSHUA SCHNEPS SECRETARY 0.50
Officer Director
$0 $0 $0
TEREL WATSON DIRECTOR 0.50
Director
$0 $0 $0
ANTONIA YUILLE-WILLIAMS VICE CHAIR 0.50
Officer Director
$0 $0 $0
DR RUSSELL K HOTZLER PRESIDENT, NYC COLLEGE OF 2.00
Director
$0 $190 $382,946
BETH F LEVINE EXECUTIVE DIRECTOR 35.00
Officer
$0 $0 $152,839
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 $3,949,455 $1,279,021 $11,130,084 $2,670,434
2024 $1,150,664 $1,132,601 $8,110,689 $18,063
2023 $1,627,532 $941,456 $7,987,163 $686,076
2022 $616,128 $882,490 $7,045,340 $-266,362
2021 $1,622,424 $655,323 $7,826,823 $967,101
2020 $859,831 $808,224 $6,124,049 $51,607
2019 $1,518,910 $844,453 $5,965,803 $674,457
2018 $994,222 $992,441 $5,862,076 $1,781
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