Overview
What is Queens College Special Projects Fundinc?
Queens College Special Projects Fundinc is a nonprofit organization situated in Flushing, New York, specifically at 65-30 KISSENA BOULEVARD KIELY 1305. Its primary mission is to support and advance the educational mission of its parent organization, Queens College of the City University of New York. To accomplish this, the fund operates a residence hall that houses approximately 506 students, along with an 89-car parking garage and various amenities. This student housing facility serves as a vital component in fostering the educational mission of Queens College by providing a conducive living environment for its students. Additionally, the facilities have been utilized to host conferences that align with the educational mission of the university.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Queens College Special Projects Fundinc has received a two-star rating from Charity Navigator, indicating a need for improvement in their overall operations. With a score of 64%, the organization shows strengths in financial oversight and transparency, as evidenced by their perfect scores in audit and oversight committee checks, material diversion of assets, and policies for conflict of interest, whistleblowing, and document retention.
However, the organization faces significant challenges, particularly in governance. There is a complete lack of independent board members, which raises concerns about accountability. Additionally, the organization has not listed its website on its tax form and has failed to post its tax form on its website, which further detracts from its transparency efforts. The high liabilities to assets ratio also indicates potential financial concerns that may need addressing.
In summary, while the Queens College Special Projects Fundinc demonstrates a solid commitment to program expenses, its governance structure and transparency practices require substantial improvements to enhance its overall effectiveness and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Queens College Special Projects Fundinc legitimate?
Queens College Special Projects Fundinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Queens College Special Projects Fundinc 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: $599,780
For more financial information, click here
What is the mission statement of Queens College Special Projects Fundinc?
The Queens College Special Projects Fund's primary mission is to support, promote, and foster the educational mission of its parent organization, Queens College of the City University of New York. This support is carried out through various activities, one of which is operating a residence hall for the benefit of Queens College students. The residence hall, which houses 506 students and includes an 89-car parking garage and other amenities, is utilized not only for student housing but also for hosting conferences that align with the educational objectives of Queens College. The Fund's activities are all aimed at furthering the educational mission of its parent organization.
Who is the CEO of Queens College Special Projects Fundinc?
Frank Wu is the President of Queens College Special Projects Fundinc.
What is the revenue of Queens College Special Projects Fundinc?
Queens College Special Projects Fundinc's revenue in 2023 was $6,033,000.
Who are the executives of Queens College Special Projects Fundinc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $458,902
- Other: $125,892
- Compensation: $0
- Related: $198,167
- Other: $56,715
- Compensation: $0
- Related: $185,835
- Other: $53,186
- Compensation: $0
- Related: $189,400
- Other: $54,206
- Compensation: $0
- Related: $166,759
- Other: $47,726
Where can I find the form 990 for Queens College Special Projects Fundinc?
Queens College Special Projects Fundinc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Queens College Special Projects Fundinc
Queens College Special Projects Fund, in its mission, aims to bolster and further the educational objectives of its parent organization, Queens College of the City University of New York. The primary activity of this fund involves managing a residential hall, designed to accommodate 506 students, complete with an 89-car parking garage and additional amenities. This residence hall not only serves as housing for students but also hosts conferences that contribute to the educational mission of Queens College of the City University of New York. The fund's purpose is to support and promote the educational growth and development within the college community.
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Impact
July, 2024
Queens College Special Projects Fundinc's impact can be seen in its support, promotion, and fostering of the educational mission of its parent organization, Queens College of the City University of New York. Through its primary exempt activity of holding and operating a residence hall for the benefit of students, the fund provides valuable housing facilities for 506 students, an 89-car parking garage, and other amenities. Additionally, these facilities have been utilized to host conferences that further support the educational mission of Queens College. By providing essential housing and conference facilities, Queens College Special Projects Fundinc contributes significantly to the academic and personal growth of students at Queens College.
This information is meant to be a general summary of Queens College Special Projects Fundinc. 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 2023.
- Investment Income: $75,743
- Program Service Revenue: $5,725,877
- Gross Receipts: $6,033,000
Assets and Liabilities:
- Total Assets: $50,579,112
- Total Liabilities: $62,311,631
- Net Assets: -$11,732,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING FEES
Revenue
$5,539,089
AUXILIARY SERVICES
Revenue
$120,921
CONFERENCES
Revenue
$65,867
Organization Details
Founding Year
1998
Phone
(718) 997-5000Principal Officer
Frank Wu
Main Address
65-30 KISSENA BOULEVARD KIELY 1305, FLUSHING, NY, 113671597
NTEE Category
Code: T50Z - Philanthropy
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