ROCKLAND COMMUNITY COLLEGE FOUNDATION

EIN: 222680786 501(c)(3) Education

SUFFERN, NY

Total Revenue
$881,905
Total Expenses
$462,387
Total Assets
$5,770,964
Net Assets
$5,748,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NY
Phone
8455744382
Tax Period
2024-01-01 to 2024-12-31

ROCKLAND COMMUNITY COLLEGE FOUNDATION is a small nonprofit in the Education sector that reported $882K in total revenue in fiscal year 2024. Revenue surged 9476% from the prior year, signaling strong growth momentum. The organization ran a surplus of $420K, a strong 48% operating margin.

Mission

The educational needs and aspirations of Rockland County by assisting Rockland County college. The foundation provides financial assistance to the college for the consulting development of its students, staff, faculty, and programs. The foundation help the college address several needs which have a significant educational and community impact that would not be met without private funs.

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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 $297,783
Program Service Revenue $0
Investment Income $540,201
Other Revenue $43,921
TOTAL REVENUE $881,905

Expense Breakdown

Grants Paid $273,361
Salaries & Benefits $0
Fundraising Expenses $1,990
Program Expenses $412,826
Other Expenses $189,026
TOTAL EXPENSES $462,387

Year-over-Year Comparison

2024 2023 Change
Revenue $881,905 $9,210 +94.8%
Expenses $462,387 $595,680 -0.2%
Net Income $419,518 $-586,470 -1.7%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
$212,500
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LEWIS CEO 40.00
Officer
$0 $0 $120,000
ANDREW GIOSEFFI CFO 12.00
Officer
$0 $0 $92,500
WALTER GOLDMAN Chairman 4.00
Officer Director
$0 $0 $0
HOWARD HELLMAN Vice President 4.00
Officer Director
$0 $0 $0
IRENE COUGHLIN Treasurer 4.00
Officer Director
$0 $0 $0
MARK ACKER Secretary 4.00
Officer Director
$0 $0 $0
ADAM OGORMAN Trustee 1.00
Director
$0 $0 $0
Traci Brega Trustee 1.00
Director
$0 $0 $0
SONIA BURGOS CRANNAGE ESQ Trustee 1.00
Director
$0 $0 $0
ANGEL L CARDOZA Jr Trustee 1.00
Director
$0 $0 $0
Beth Coyle EdD Trustee 1.00
Director
$0 $0 $0
Patricia Maloney-Titland Trustee 1.00
Director
$0 $0 $0
JOHN Piccininni Trustee 1.00
Director
$0 $0 $0
Susan Oelkers-Ramos Trustee 1.00
Director
$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
2024 $881,905 $462,387 $5,770,964 $419,518
2023 $9,210 $595,680 $5,351,229 $-586,470
2022 $551,909 $866,710 $4,902,793 $-314,801
2021 $2,429,122 $853,561 $5,868,412 $1,575,561
2020 $443,335 $706,244 $5,564,917 $-262,909
2019 $494,282 $682,786 $5,055,459 $-188,504
2018 $682,716 $656,169 $4,556,367 $26,547
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