Overview
What is Borough Of Manhattan Community College Auxiliary Enterprises Corporation?
The Borough Of Manhattan Community College Auxiliary Enterprises Corporation is a nonprofit entity located in New York City, specifically at 199 Chambers Street, New York, NY 10007. Its primary function involves overseeing revenue-generating entrepreneurial activities within the Borough of Manhattan Community College. These activities, such as food services and a bookstore, are typically outsourced to independent providers who are accountable to the Auxiliary Board. The Corporation manages these operations and receives any commissions earned under the contract. Essentially, the Corporation's mission is to enhance the campus community's experience at the Borough of Manhattan Community College through auxiliary enterprises like food services, a bookstore, and other similar facilities.
Official website here: www.bmcc.cuny
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Borough Of Manhattan Community College Auxiliary Enterprises Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. With an impressive accountability score of 94%, the organization demonstrates effective oversight mechanisms, ensuring that funds are managed prudently and responsibly.
Notable strengths include a majority independent board, rigorous financial oversight, and transparency in reporting, with essential policies such as conflict of interest and whistleblower practices in place. The organization has shown no significant financial mismanagement, as indicated by the absence of material diversion of assets.
However, while the program expense ratio stands at 64.89%, there is room for improvement in allocating more funds directly to programs. Overall, the strong accountability measures and independent governance are significant positives that enhance the organization's credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Borough Of Manhattan Community College Auxiliary Enterprises Corporation legitimate?
Borough Of Manhattan Community College Auxiliary Enterprises Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Borough Of Manhattan Community College Auxiliary Enterprises Corporation 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: $169,875
For more financial information, click here
Official website here: www.bmcc.cuny
What is the mission statement of Borough Of Manhattan Community College Auxiliary Enterprises Corporation?
The Borough Of Manhattan Community College Auxiliary Enterprises Corporation's mission is centered around providing auxiliary services to enhance the campus community's experience. These services include food services, a bookstore, and other related facilities. The corporation's primary objective is to oversee the administrative aspect of these revenue-generating entrepreneurial activities within the college. The services are typically outsourced to independent providers, who are accountable to the Auxiliary Board. The college's bookstore, cafeteria, and vending operations are examples of these outsourced services. The Auxiliary manages these activities and earns commissions under the contracts.
Official website here: www.bmcc.cuny
What is the revenue of Borough Of Manhattan Community College Auxiliary Enterprises Corporation?
Borough Of Manhattan Community College Auxiliary Enterprises Corporation's revenue in 2024 was $2,807,396.
Official website here: www.bmcc.cuny
Who are the executives of Borough Of Manhattan Community College Auxiliary Enterprises Corporation and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $176,241
- Other: $58,609
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- Related: $85,828
- Other: $45,042
- Compensation: $0
- Related: $106,133
- Other: $46,058
- Compensation: $0
- Related: $131,117
- Other: $29,572
- Compensation: $0
- Related: $149,803
- Other: $55,058
- Compensation: $0
- Related: $141,283
- Other: $23,987
- Compensation: $0
- Related: $117,173
- Other: $24,057
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bmcc.cuny
Where can I find the form 990 for Borough Of Manhattan Community College Auxiliary Enterprises Corporation?
Borough Of Manhattan Community College Auxiliary Enterprises Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bmcc.cuny
Learn more at the official website: www.bmcc.cuny
Mission Statement of Borough Of Manhattan Community College Auxiliary Enterprises Corporation
The Borough of Manhattan Community College Auxiliary Enterprises Corporation's mission is centered around providing auxiliary services for the benefit of the campus community. This nonprofit organization oversees revenue-generating entrepreneurial activities at the Borough of Manhattan Community College, primarily focusing on food services, a bookstore, and vending operations. These services are typically outsourced to independent providers, who are contracted with and answerable to the Auxiliary Board. The Auxiliary Corporation manages these activities and earns commissions under the contract. In essence, the corporation's mission is to enhance the college experience for students and staff by offering essential services and amenities, while simultaneously generating revenue for the institution.
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Impact
August, 2024
Borough Of Manhattan Community College Auxiliary Enterprises Corporation provides essential auxiliary services such as food services, bookstore operations, and more to benefit the campus community at Borough of Manhattan Community College. These services are crucial in enhancing the educational experience for students, staff, and faculty by offering convenient and essential amenities on campus. The Auxiliary Enterprises Corporation's oversight of revenue-generating activities ensures the smooth functioning of these services, contributing to the overall efficiency and satisfaction of the campus community. This organization plays a significant role in supporting the daily operations of the college and enhancing the campus experience for all those involved.
This information is meant to be a general summary of Borough Of Manhattan Community College Auxiliary Enterprises Corporation. 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: $613,731
- Program Service Revenue: $184,614
- Gross Receipts: $5,552,663
Assets and Liabilities:
- Total Assets: $21,094,808
- Total Liabilities: $230,667
- Net Assets: $20,864,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAFETERIA COMMISSIONS
Revenue
$108,019
BOOKSTORE COMMISSIONS
Revenue
$76,595
Organization Details
Founding Year
1984
Principal Officer
Julio Izquierdo
Website
www.bmcc.cunyNTEE Category
Code: B80 - Education
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