Queens College Foundation INC FY2021 filing

Tax-deductible

Flushing, NY501(c)(3)Since 1980EIN 11-6080521Revenue $14.0M in FY2021

On file with the IRSqc.cuny.edu/supportqc6530 Kissena Blvd, 11367-1575 · Flushing, NYTax-exempt since Mar 1967Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$142K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $5.5M a year · 35% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $156K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.0M
+16% vs prior year
Spent
$9.5M
To programs
75%
Net assets
$102.6M
By yearFY2020–FY2024
Revenue
$14.0M
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.0M
FY2021$14.0M
FY2022$18.0M
FY2023$12.5M
FY2024$21.7M
FY2024$22.8M
Expenses
$9.5M
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$9.5M
FY2022$9.2M
FY2023$10.8M
FY2024$11.7M
FY2024$14.0M
Net assets
$102.6M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$85.0M
FY2021$102.6M
FY2022$95.6M
FY2023$102.2M
FY2024$112.4M
FY2024$124.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $7.1M Management & general 17% · $1.6M Fundraising 8% · $742K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

36 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$142,177Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Maureen Giannotti$153,918$151,893$149,551$144,680$142,177$145,360

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Queens College Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises and manages funds to support Queens College students, faculty, and educational programs through scholarships, research, and special projects.

Questions for Queens College Foundation INC

Tap to ask. Queens College Foundation INC sees how many people are interested.

Your first name shows with your question. Queens College Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $7.1M · in their own filed words · FY2020
01

Queens college foundation was founded in 1980 for the purpose of developing and increasing resources at queens college to provide more extensive educational opportunities to students and services to faculty.

$7.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 10 grants · $20.4M · 2019–2024
Unitemized GrantFY2024$3,702,153
Queens College CUNYFY2023$178,816
Unitemized GrantFY2022$4,002,168
Queens College CUNYFY2022$396,679
Unitemized GrantFY2021$3,072,997
Queens College CUNYFY2021$532,440
Unitemized GrantFY2020$3,865,769
Queens College CUNYFY2020$866,882
Unitemized GrantFY2019$2,781,011
Queens College CUNYFY2019$1,036,056

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$14.0M
Ln 12
Gifts and grantsLn 1h$7.2M
Investment incomeLn 3$6.8M
Other incomeLn 4–11$24K
Money outPt IX
$9.5M
Ln 25
Programscol B$7.1M
Managementcol C$1.6M
Fundraisingcol D$742K
Owns and owesPt X
$102.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$103.9M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
36
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.2M
Government grantsLn 1e$583K
Noncash giftsLn 1g$308K
Fundraising eventsLn 1c$640K
Investment incomeLn 3$6.8M
Other incomeLn 4–11$24K
Gains on assetsLn 7$4.4M
Total revenueLn 12$14.0M
Assets in detailPt X, end of year
CashLn 1$787K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$88.1M
Other assetsLn 15$4.7M
Total assetsLn 16$103.9M
LiabilitiesLn 26$1.3M
Net assetsLn 32$102.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 651
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.4M$3.4M
InvestmentsLn 11–13$71.0M$88.1M
Total assetsLn 16$85.7M$103.9M
LiabilitiesLn 26$662K$1.3M
Net assetsLn 32$85.0M$102.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$867K$867K
Grants to domestic individualsLn 2$3.9M$3.9M
Other salaries and wagesLn 7$1.5M$199K$819K$472K
Other employee benefitsLn 9$521K$60K$320K$141K
Payroll taxesLn 10$202K$23K$124K$55K
Accounting feesLn 11c$62K$62K
Other fees for servicesLn 11g$1.3M$1.2M$87K$33K
Advertising and promotionLn 12$382K$382K
Office expensesLn 13$474K$314K$122K$39K
OccupancyLn 16$2K$2K
TravelLn 17$4K$3K$377$5
Conferences, conventions and meetingsLn 19$164K$147K$17K$240
InsuranceLn 23$3K$2K$1K$10
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$47K$19K$28K$280
Total functional expensesLn 25$9.5M$7.1M$1.6M$742K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $21.7M$11.7M$10.0M$112.4M 990 PDF
FY2023 $12.5M$10.8M$1.7M$102.2M 990 PDF
FY2022 $18.0M$9.2M$8.9M$95.6M 990 PDF
FY2021 Viewing $14.0M$9.5M$4.5M$102.6M 990 PDF
FY2020 $12.0M$9.6M$2.4M$85.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $13,972,395 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,882,487$7,175,337
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $113,648$6,773,178
I-11 Other revenuePrior year $44,714$23,880
I-12 Total revenuePrior year $12,040,849$13,972,395
I-13 Grants and similar amounts paidPrior year $3,817,067$4,772,743
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,353,343$2,212,672
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,428,033$2,474,934
I-18 Total expensesPrior year $9,598,443$9,460,349
I-19 Revenue less expensesPrior year $2,442,406$4,512,046
Part VI · Governance 31 of 31 board members independent, 1 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,972,395 across 10 lines filed
VIII-1c Fundraising events$640,126
VIII-1e Government grants$582,990
VIII-1f All other contributions, gifts and grants$5,952,221
VIII-1g Noncash contributions (included above)$307,696
VIII-1h Total contributions, gifts and grants$7,175,337
VIII-3 Investment incomeExcluded from tax $2,346,373$2,346,373
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,426,805$4,426,805
VIII-8 Net income from fundraising eventsExcluded from tax −$41,003−$41,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $64,883$64,883
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,797,058$13,972,395
Part IX · Statement of functional expenses $9,460,349 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $866,882$866,882
IX-2 Grants to domestic individualsPrograms $3,905,861$3,905,861
IX-7 Other salaries and wagesPrograms $198,963 · Management $818,943 · Fundraising $471,854$1,489,760
IX-9 Other employee benefitsPrograms $59,515 · Management $320,357 · Fundraising $141,144$521,016
IX-10 Payroll taxesPrograms $23,062 · Management $124,140 · Fundraising $54,694$201,896
IX-11c Accounting feesManagement $61,846$61,846
IX-11g Other fees for servicesPrograms $1,160,274 · Management $87,009 · Fundraising $33,049$1,280,332
IX-12 Advertising and promotionPrograms $382,440$382,440
IX-13 Office expensesPrograms $313,709 · Management $121,500 · Fundraising $38,956$474,165
IX-16 OccupancyFundraising $1,622$1,622
IX-17 TravelPrograms $3,244 · Management $377 · Fundraising $5$3,626
IX-19 Conferences, conventions and meetingsPrograms $146,701 · Management $17,081 · Fundraising $240$164,022
IX-23 InsurancePrograms $1,831 · Management $1,014 · Fundraising $10$2,855
IX-24 Other expenses (24a–d)Programs $57,177$57,177
IX-24e All other expensesPrograms $19,007 · Management $27,562 · Fundraising $280$46,849
IX-25 Total functional expensesPrograms $7,138,666 · Management $1,579,829 · Fundraising $741,854$9,460,349
Part X · Balance sheet $103,882,868 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,008,707$787,211
X-2 Savings and temporary cash investmentsStart of year $1,358,286$2,600,656
X-3 Pledges and grants receivableStart of year $6,632,060$6,479,614
X-9 Prepaid expenses and deferred chargesStart of year $1,020,139$1,202,472
X-11 Publicly traded securitiesStart of year $66,431,460$82,398,719
X-12 Other securitiesStart of year $4,556,973$5,668,610
X-15 Other assetsStart of year $4,646,308$4,745,586
X-16 Total assetsStart of year $85,653,933$103,882,868
X-17 Accounts payable and accrued expensesStart of year $235,429$1,263,172
X-26 Total liabilitiesStart of year $662,029$1,263,172
X-27 Net assets without donor restrictionsStart of year $20,797,032$25,140,475
X-28 Net assets with donor restrictionsStart of year $64,194,872$77,479,221
X-32 Total net assets or fund balancesStart of year $84,991,904$102,619,696
X-33 Total liabilities and net assetsStart of year $85,653,933$103,882,868
Part XI · Reconciliation of net assets $102,619,696 net assets at year end
XI-1 Total revenue$13,972,395
XI-2 Total expenses$9,460,349
XI-3 Revenue less expenses$4,512,046
XI-4 Net assets at start of year$84,991,904
XI-5 Net unrealized gains (losses) on investments$13,115,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$102,619,696

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.