THE COLLEGE OF STATEN ISLAND FOUNDATION INC

EIN: 133683723 501(c)(3) Education

STATEN ISLAND, NY

Total Revenue
$3,368,368
Total Expenses
$1,916,137
Total Assets
$22,601,959
Net Assets
$21,658,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JOSEPH FRANZESE
Phone
7189822365
Tax Period
2023-07-01 to 2024-06-30

THE COLLEGE OF STATEN ISLAND FOUNDATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 43% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED TO STIMULATE AND STRENGTHEN COMMUNITY,CORPORATE AND FOUNDATION SUPPORT FOR PUBLIC HIGHER EDUCATION ON STATENISLAND AND TO SUPPORT THE COLLEGE OF STATEN ISLAND IN PROVIDING ITSSTUDENTS WITH THE FINEST FACILITIES AND FACULTY AVAILABLE.

Program Service Accomplishments

Program 1
Expenses: $656,957

:THESE EXPENSES REPRESENT THE FOUNDATION'S ACCOMPLISHMENTS IN ASSISTING THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING AND INCREASING BASE OF SUPPORT FROM THE COMMUNITY, INDIVIDUALS...

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:THESE EXPENSES REPRESENT THE FOUNDATION'S ACCOMPLISHMENTS IN ASSISTING THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING AND INCREASING BASE OF SUPPORT FROM THE COMMUNITY, INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. THROUGH THIS PHILANTHROPIC SUPPORT, THE COLLEGE OF STATEN ISLAND FOUNDATION ALLOWS THE COLLEGE TO EXPAND ITS MARGIN OF EXCELLENCE WHICH ENSURES ITS STUDENTS, FACULTY, AND STAFF THE FINEST ACADEMIC FACILITIES AVAILABLE. SUCH EXAMPLES INCLUDE: FACILITY IMPROVEMENTS, THE CHAZANOFF SCHOOL OF BUSINESS EXPENSES RELATED TO THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB) ACCREDITATION PROCESS, THE ATHLETICS PROGRAM, INCLUDING UNIFORMS AND TRAVEL RELATED TO PARTICIPATION IN TOURNAMENTS, SUPPORT FOR THE SCHOOL OF HEALTH SCIENCES, IN PARTICULAR THE DEPARTMENTS OF SOCIAL WORK AND NURSING AND SUPPORT FOR LIBRARY AND FOR CAREER DEVELOPMENT INITIATIVES.

Program 2
Expenses: $712,538

THESE EXPENSES REPRESENT THE COLLEGE OF STATEN ISLAND FOUNDATION'SENDOWED AND NON-ENDOWED SCHOLARSHIPS AND AWARDS AT THE COLLEGE TOPROVIDE ACCESS TO FINANCIAL ASSISTANCE TO THE MANY QUALIFYING...

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THESE EXPENSES REPRESENT THE COLLEGE OF STATEN ISLAND FOUNDATION'SENDOWED AND NON-ENDOWED SCHOLARSHIPS AND AWARDS AT THE COLLEGE TOPROVIDE ACCESS TO FINANCIAL ASSISTANCE TO THE MANY QUALIFYING FULL-TIME AND PART-TIME STUDENTS. THE MANY SCHOLARSHIPS ALLOCATED BY THE COLLEGEOF STATEN ISLAND FOUNDATION ENSURE THAT THESE STUDENTS HAVE ACCESS TO AQUALITY HIGHER EDUCATION, REMARKABLE ACHIEVEMENTS, AND A BRIGHTER FUTURE.

Program 3
Expenses: $134,333

THE COLLEGE OF STATEN ISLAND FOUNDATION IS COMMITTED TO SERVING THECOLLEGE COMMUNITY AND ITS WIDE RANGE OF TRADITIONAL AND NON-TRADITIONALSTUDENTS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE IN A...

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THE COLLEGE OF STATEN ISLAND FOUNDATION IS COMMITTED TO SERVING THECOLLEGE COMMUNITY AND ITS WIDE RANGE OF TRADITIONAL AND NON-TRADITIONALSTUDENTS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE IN A TIMELY MANNERTO STUDENTS WHO REQUEST THE EMERGENCY FUNDS THROUGH A CERTIFIEDCOUNSELOR AT THE COLLEGE.IN ADDITION TO FINANCIAL ASSISTANCE, THE COLLEGE OF STATEN ISLAND IS PROVIDING EMERGENCY MEALS THROUGH THE FOOD INSECURITY AND HUNGER INITIATIVE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,896,436
Program Service Revenue $0
Investment Income $425,840
Other Revenue $46,092
TOTAL REVENUE $3,368,368

Expense Breakdown

Grants Paid $846,871
Salaries & Benefits $211,234
Fundraising Expenses $27,825
Program Expenses $1,528,962
Other Expenses $858,032
TOTAL EXPENSES $1,916,137

Year-over-Year Comparison

2023 2022 Change
Revenue $3,368,368 $1,224,016 +1.8%
Expenses $1,916,137 $1,956,195 0.0%
Net Income $1,452,231 $-732,179 -3.0%
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
19
Independent Members
19
Employees
22
Volunteers
40

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
5
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CATALANO TREASURER 3.00
Officer Director
$0 $0 $0
DOLORES MORRIS SECRETARY 2.00
Officer Director
$0 $0 $0
FRANK LOMBARDO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
COMFORT ASANBE (EX-OFFICIO) DIRECTOR 1.00
Director
$0 $0 $0
MARILYN CASELLI DIRECTOR 1.00
Director
$0 $0 $0
JAY CHAZANOFF DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH CONTE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CUSICK DIRECTOR 1.00
Director
$0 $0 $0
SAMIR FARAG DIRECTOR 1.00
Director
$0 $0 $0
CAROLE GERVASI DIRECTOR 1.00
Director
$0 $0 $0
YOLANDA GLEASON DIRECTOR 1.00
Director
$0 $0 $0
BRIAN LALINE DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY LYNCH (EX-OFFICIO) DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MCDERMOTT DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN PESILE DIRECTOR 1.00
Director
$0 $0 $0
CARLOS SERRANO (EX-OFFICIO) DIRECTOR 1.00
Director
$0 $0 $0
VISHAL SHAH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL STEIPER (EX-OFFICIO) DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH FRANZESE BOARD PRESIDENT 4.00
Officer
$0 $0 $0
CHERYL ADOLPH EXECUTIVE DIRECTOR 14.00
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 No data No data No data No data
2024 $3,368,368 $1,916,137 $22,601,959 $1,452,231
2023 $1,224,016 $1,956,195 $19,560,960 $-732,179
2022 $2,646,354 $1,493,305 $18,944,144 $1,153,049
2021 $2,706,040 $1,408,092 $22,247,215 $1,297,948
2020 $2,170,828 $1,464,873 $17,712,024 $705,955
2019 $9,039,643 $1,484,345 $16,749,727 $7,555,298
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