Overview
What is New York City College Of Technology Foundation Inc?
New York City College of Technology Foundation Inc is a nonprofit organization situated in Brooklyn, New York, with a specific address at 300 Jay Street 323. Its primary mission is to raise funds for New York City College of Technology, contributing to its educational mission and various programs. In the fiscal year 2022, they provided around $742,000 in support, distributed among scholarships, emergency grants, internships, research opportunities, and program and faculty assistance. This foundation plays a crucial role in enhancing the educational experiences and opportunities at New York City College of Technology.
Official website here: www.citytech.cuny
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The New York City College Of Technology Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high rating is derived solely from a beacon score that emphasizes the charity's diligent financial management, with 100% of its score attributed to this area. The foundation showcases a well-structured governance system, with 93% of its board members being independent.
The organization demonstrates excellent financial oversight, as indicated by its top-rated audit and oversight committee, and it has reported no material diversion of assets. A high program expense ratio of 81.28% highlights its commitment to directing funds towards its core programs, ensuring that a significant portion of its resources is utilized for impactful initiatives.
While the rating underscores various strengths, such as transparency and adherence to best practices, the summary does not indicate any significant limitations in their operations. Overall, the foundation reflects a robust and accountable nonprofit organization that prioritizes its mission and effectively manages its financial resources.
This AI summary has been generated from information found on Charity Navigator.
Is New York City College Of Technology Foundation Inc legitimate?
New York City College Of Technology Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York City College Of Technology 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: $0
Other Salaries and Wages: $114,722
For more financial information, click here
Official website here: www.citytech.cuny
What is the mission statement of New York City College Of Technology Foundation Inc?
The New York City College of Technology Foundation Inc's mission is to collect and utilize donations to support New York City College of Technology's educational mission and programs. In the fiscal year 2022, the foundation provided approximately $742,000 in assistance to the college. This included granting $356,690 for scholarships, awards, travel grants, internships, research opportunities, and emergency support grants. Furthermore, the foundation provided $385,505 in program and faculty support. The primary objective of the foundation is to enhance the educational experiences and opportunities at New York City College of Technology.
Official website here: www.citytech.cuny
What is the revenue of New York City College Of Technology Foundation Inc?
New York City College Of Technology Foundation Inc's revenue in 2024 was $1,150,664.
Official website here: www.citytech.cuny
Who are the executives of New York City College Of Technology Foundation Inc and what are their salaries?
The average compensation at New York City College Of Technology Foundation Inc during 2024 was $38,241. There are 3 employees at New York City College Of Technology Foundation Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $381,699
- Other: $194,666
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $152,315
- Other: $77,681
Official website here: www.citytech.cuny
Where can I find the form 990 for New York City College Of Technology Foundation Inc?
New York City College Of Technology Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.citytech.cuny
Learn more at the official website: www.citytech.cuny
Mission Statement of New York City College Of Technology Foundation Inc
The New York City College of Technology Foundation Inc is committed to soliciting and accepting donations to support the educational mission and programs of New York City College of Technology. In simpler terms, this organization functions as a fundraising entity, aiming to secure financial contributions that bolster the educational endeavors and initiatives at City Tech.
In the fiscal year 2022, the Foundation provided approximately $742,000 in support to the college. This aid was distributed in various forms, such as scholarships, awards, travel grants, internships, research opportunities, and emergency support grants, amounting to $356,690. Additionally, $385,505 was allocated for program and faculty support. This wide range of assistance demonstrates the Foundation's dedication to enhancing the overall educational experience at New York City College of Technology.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
New York City College Of Technology Foundation Inc's impact is significant in supporting the educational mission and programs of City Tech. In fiscal year 2022, the foundation provided approximately $742,000 in support to the college. This included $356,690 awarded in the form of scholarships, awards, travel grants, internships, research opportunities, and emergency support grants; as well as $385,505 in program and faculty support. This substantial financial assistance plays a vital role in enhancing the academic experience for students, supporting faculty development, and facilitating various educational initiatives at City Tech in Brooklyn, NY.
This information is meant to be a general summary of New York City College Of Technology 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 2024.
- Investment Income: $103,583
- Gross Receipts: $1,150,664
Assets and Liabilities:
- Total Assets: $7,045,340
- Total Liabilities: $57,468
- Net Assets: $6,987,872
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1981
Principal Officer
Dr Garey Ellis
Website
www.citytech.cunyNTEE Category
Code: B82 - Education
If you are a representative of New York City College Of Technology Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.