Overview
What is The Brooklyn College Foundation Inc?
The Brooklyn College Foundation Inc, located at 2900 Bedford Ave, Ingersoll Hall, Brooklyn, NY 11210, is a nonprofit organization dedicated to supporting Brooklyn College by expanding its support base from alumni. In 2022, they granted over $5.6 million to the college, with over $2.6 million allocated to students through scholarships, awards, and internships. They also awarded nearly $700,000 to faculty in the form of professorships, lectureships, and professional development. Their mission encompasses providing educational assistance to Brooklyn College students and graduates, enhancing the college's academic departments, and supporting its administration. They also contribute funds to establish, maintain, build, and operate recreational facilities for the college community.
Official website here: www.brooklyncollegefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Brooklyn College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. Their overall score is based solely on a high Accountability & Finance score of 97, indicating diligent management of resources and adherence to best practices in nonprofit governance.
Key strengths of the foundation include a fully independent board of directors, with 28 members ensuring diverse perspectives and robust oversight. The organization also excels in financial oversight, showing no material diversion of assets and maintaining a low liabilities to assets ratio. Their program expense ratio of 73.20% demonstrates a focus on utilizing funds effectively toward their mission.
Despite the positive aspects, the data does not provide specific information on programmatic outcomes or community impact, which are important elements for potential donors to consider. However, the foundation's strong financial health and governance practices provide a solid foundation for trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Brooklyn College Foundation Inc legitimate?
The Brooklyn College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Brooklyn College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $89,231
Other Salaries and Wages: $965,993
For more financial information, click here
Official website here: www.brooklyncollegefoundation.org
What is the mission statement of The Brooklyn College Foundation Inc?
The Brooklyn College Foundation Inc is committed to supporting Brooklyn College by expanding its base of alumni donors. Their mission is geared towards furthering the educational objectives of Brooklyn College and enhancing the student experience. The Foundation provides scholarships, fellowships, and other forms of financial aid to deserving students and graduates. It also awards prizes and recognitions to students, faculty, staff, and other individuals for outstanding achievements or contributions to the college and higher education in general. The Foundation contributes funds to the library, academic departments, and college administration to facilitate academic growth and development. Additionally, it supports the establishment, maintenance, building improvements, operation, and upkeep of recreational facilities.
Official website here: www.brooklyncollegefoundation.org
Who is the CEO of The Brooklyn College Foundation Inc?
Ante Basic is the Chair of The Brooklyn College Foundation Inc.
Official website here: www.brooklyncollegefoundation.org
What is the revenue of The Brooklyn College Foundation Inc?
The Brooklyn College Foundation Inc's revenue in 2022 was $12,916,756.
Official website here: www.brooklyncollegefoundation.org
Who are the executives of The Brooklyn College Foundation Inc and what are their salaries?
The average compensation at The Brooklyn College Foundation Inc during 2022 was $12,545. There are 77 employees and 30 volunteers at The Brooklyn College Foundation Inc.
Here are 36 key members and their salaries:
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- Other: $25,777
Official website here: www.brooklyncollegefoundation.org
Where can I find the form 990 for The Brooklyn College Foundation Inc?
The Brooklyn College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brooklyncollegefoundation.org
Learn more at the official website: www.brooklyncollegefoundation.org
Mission Statement of The Brooklyn College Foundation Inc
The Brooklyn College Foundation Inc, a nonprofit organization, is dedicated to supporting Brooklyn College by fostering a growing and sustainable base of alumni donors. Its primary goal is to advance the educational purposes of Brooklyn College of the City University of New York and enhance the educational welfare of its students. To achieve this mission, the Foundation engages in various activities.
First and foremost, The Brooklyn College Foundation Inc offers scholarships, fellowships, prizes, and other forms of assistance to deserving students and graduates. These grants are awarded based on academic merit and contribution to the college community. Additionally, the Foundation recognizes and honors outstanding achievements and services of Brooklyn College alumni, faculty members, staff, and other individuals. It does this by bestowing awards and prizes.
Moreover, The Brooklyn College Foundation Inc contributes funds to the library, academic departments, and the college administration. These funds are allocated for the improvement and operation of recreational facilities and buildings. Overall, The Brooklyn College Foundation Inc plays a vital role in enhancing the educational experience for students at Brooklyn College by providing financial assistance and recognizing the achievements of its community members.
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Impact
October, 2024
The Brooklyn College Foundation Inc significantly enhances the educational experience and opportunities for students at Brooklyn College. In FY22, it granted over $5.6 million to various programs, with more than $2.6 million allocated directly to students through scholarships, awards, and internships. This financial support not only alleviates the burden of tuition and educational expenses but also empowers students to focus on their studies and achieve their academic goals.
In addition to student support, the Foundation invests nearly $700,000 in faculty development, exemplifying its commitment to maintaining high educational standards by funding professorships, lecture series, and professional development opportunities. This investment in faculty directly impacts the quality of education students receive, fostering an environment that promotes academic excellence.
Furthermore, through various awards and prizes, the Foundation recognizes the achievements of students, alumni, and faculty, thereby encouraging a culture of excellence and service within the college community. By contributing funds to enhance library resources and support academic departments, the Foundation ensures that students and faculty have access to the necessary tools for successful education.
Overall, the Brooklyn College Foundation Inc plays a vital role in supporting not only the academic pursuits of individual students but also in nurturing a thriving educational community that benefits all stakeholders involved.
This information is meant to be a general summary of The Brooklyn College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,660,622
- Gross Receipts: $22,808,246
Assets and Liabilities:
- Total Assets: $111,605,015
- Total Liabilities: $3,625,134
- Net Assets: $107,979,881
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Organization Details
Founding Year
1958
Phone
(718) 951-5778Principal Officer
Ante Basic
Main Address
2900 BEDFORD AVE INGERSOLL HALL, BROOKLYN, NY, 11210
NTEE Category
Code: B820 - Education
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