Overview
What is The City College Auxiliary Enterprises Corporation?
The City College Auxiliary Enterprises Corporation is a nonprofit entity situated in New York City, specifically at 160 Convent Avenue WG112, NY 10031. Its primary objective is to oversee entrepreneurial activities that generate revenue at City College, primarily by outsourcing services to independent providers. These services include food services, a bookstore, and vending operations, which are managed by the corporation and yield commissions from the contracts. The corporation's mission is to enhance the City College campus community by providing these auxiliary enterprises.
Official website here: www.ccny.cuny.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Stars)
The City College Auxiliary Enterprises Corporation has received a low rating of 37%, indicating significant concerns regarding its accountability and financial management. One of the major points of concern is the lack of independent board members, with only 28% of the board being independent, which raises questions about governance and oversight. Additionally, its program expense ratio is notably low at 42.95%, suggesting that a smaller portion of its expenditures are directed toward its intended programs and services.
Despite some strengths, such as having a whistleblower policy and documenting board meeting minutes, the nonprofit struggles with transparency. The absence of its tax form on the nonprofit's website is a significant drawback. Furthermore, the organization’s liabilities to assets ratio stands at 13.18%, which indicates potential financial instability.
Overall, while The City College Auxiliary Enterprises Corporation has implemented certain policies that are beneficial, the low scores in critical areas such as board independence and program spending raise red flags about its operational effectiveness and commitment to fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The City College Auxiliary Enterprises Corporation legitimate?
The City College Auxiliary Enterprises Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The City 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: $113,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,252
For more financial information, click here
Official website here: www.ccny.cuny.edu
What is the mission statement of The City College Auxiliary Enterprises Corporation?
The City College Auxiliary Enterprises Corporation's mission is centered around providing auxiliary enterprises for the benefit of its community. This encompasses services such as food services, a bookstore, and other related facilities. The corporation's primary role is to oversee revenue-generating entrepreneurial activities at the college, typically outsourcing these services to independent providers. The bookstore, cafeteria, and vending operations are examples of such services that are outsourced to unrelated organizations. The auxiliary manages these activities and earns commissions under the contracts.
Official website here: www.ccny.cuny.edu
Who is the CEO of The City College Auxiliary Enterprises Corporation?
Felix Lam is the Chairperson of The City College Auxiliary Enterprises Corporation.
Official website here: www.ccny.cuny.edu
What is the revenue of The City College Auxiliary Enterprises Corporation?
The City College Auxiliary Enterprises Corporation's revenue in 2022 was $785,605.
Official website here: www.ccny.cuny.edu
Who are the executives of The City College Auxiliary Enterprises Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $175,424
- Other: $89,466
- Compensation: $0
- Related: $207,207
- Other: $105,676
- Compensation: $0
- Related: $145,399
- Other: $74,153
- Compensation: $0
- Related: $125,782
- Other: $64,149
- Compensation: $0
- Related: $81,010
- Other: $41,315
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ccny.cuny.edu
Where can I find the form 990 for The City College Auxiliary Enterprises Corporation?
The City College Auxiliary Enterprises Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccny.cuny.edu
Learn more at the official website: www.ccny.cuny.edu
Mission Statement of The City College Auxiliary Enterprises Corporation
The City College Auxiliary Enterprises Corporation, in essence, is dedicated to overseeing auxiliary enterprises that cater to the needs of the City College campus community. This encompasses services such as a bookstore and food facilities, among others. Its primary role involves administering revenue-generating entrepreneurial activities within City College. The management of these services is typically outsourced to independent providers, who are accountable to the Auxiliary Board. The corporation plays a significant role in overseeing the operations of the bookstore, cafeteria, and vending services, earning commissions under the respective contracts.
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Impact
October, 2024
The City College Auxiliary Enterprises Corporation significantly enhances the campus experience for students, faculty, and staff by providing essential services that support daily life at City College. It plays a crucial role in the administrative oversight of revenue-generating activities, ensuring that facilities such as the bookstore, cafeteria, and vending operations are efficient and accessible.
By outsourcing these services to independent providers, the Auxiliary is able to focus on effectively managing contracts and maximizing the benefits to the campus community. The revenue generated through these entrepreneurial activities not only supports the operational needs of the college but also fosters a vibrant campus environment. The comprehensive range of services offered contributes to the convenience and satisfaction of the City College community, ultimately enriching the educational experience.
This information is meant to be a general summary of The City 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 2022.
- Program Service Revenue: $258,750
- Gross Receipts: $785,605
Assets and Liabilities:
- Total Assets: $1,433,526
- Total Liabilities: $235,065
- Net Assets: $1,198,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING FEES
Revenue
$148,624
STORE SALES
Revenue
$72,035
VENDING MACHINE
Revenue
$27,258
BOOKSTORE COMMISSIONS
Revenue
$10,833
Organization Details
Founding Year
1987
Phone
(212) 650-7034Principal Officer
Felix Lam
Main Address
160 CONVENT AVENUE WG112, NEW YORK, NY, 10031
Website
www.ccny.cuny.eduNTEE Category
Code: Q22 - International
If you are a representative of The City College Auxiliary Enterprises Corporation 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.