2020-11-12T10:37:35-06:00 2020-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2019-07-01 113623769 FIORELLO H LAGUARDIA COMMUNITY COLLEGE FOUNDATION INC FIOR 7184825514 31-10 THOMSON AVENUE NO E-413 LONG ISLAND CITY NY 11101 KENNETH ADAMS PRESIDENT, LAGUARDIA COLLEGE 7184825514 2020-11-06 1 DAVID A URBAN CPA P00630018 7166340700 2020-11-06 64.88.174.3 2020-11-06 14:20:42 ES P AE82551C2A183A39C7E78DFC4FD89A4E70A6975F 3E7C6FE7DF7519A7EBFE4CE6E66033D792F66B9D 2019 2021-01-29 14:40:06Z KENNETH ADAMS 31-10 THOMSON AVENUE NO E-413 LONG ISLAND CITY NY 11101 4018489 0 X N/A X 2003 NY TO SUPPORT AND ENCOURAGE THE STUDENTS OF LAGUARDIA COMMUNITY COLLEGE IN THEIR ACADEMIC ENDEAVORS. 17 14 0 0 0 0 3955220 3719061 0 0 1104862 299428 0 0 5060082 4018489 1347289 1838958 0 0 842183 884037 0 0 13347 804711 538116 2994183 3261111 2065899 757378 9423877 10275784 264871 297353 9159006 9978431 X THE FOUNDATION WAS INCORPORATED IN 2003 AS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION. ITS MISSION IS TO RAISE, MANAGE, INVEST, AND DISTRIBUTE FUNDS FOR THE COLLEGE IN SUPPORT OF ITS IMMEDIATE AND LONG-TERM STUDENT, ACADEMIC, AND FACILITY NEEDS, GOALS, AND PRIORITIES. 0 0 3160424 1838958 TO SUPPORT AND ADVANCE THE EDUCATION, RESEARCH, AND PUBLIC SERVICE MISSION OF FIORELLO H. LAGUARDIA COMMUNITY COLLEGE BY FUNDING SCHOLARSHIPS AND AWARDS AND PROVIDING ACADEMIC PROGRAMS FOR THE BENEFIT OF ITS STUDENTS. 3160424 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 168 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X NANCY MARTINEZ-PALMA 7184825541 31-10 THOMSON AVENUE E-413 LONG ISLAND CITY NY 11101 SUZIE SCANLON ESQ CHAIR 2.00 0.00 X X 0 0 0 JOEL GLASKY VICE CHAIR 2.00 0.00 X X 0 0 0 ERNEST VON SIMSON TREASURER 2.00 0.00 X X 0 0 0 DR PAUL ARCARIO INTERIM PRESIDENT 2.00 0.00 X 0 222185 34615 MARLENE DEBEL BOARD MEMBER 2.00 0.00 X 0 0 0 ERIC SLOVIN BOARD MEMBER 2.00 0.00 X 0 0 0 GAIL LANDIS BOARD MEMBER 2.00 0.00 X 0 0 0 CHARLES E BOYCE BOARD MEMBER 2.00 0.00 X 0 0 0 DR NIREATA SEALS BOARD MEMBER 2.00 0.00 X 0 174140 49111 BILL TOPPETA BOARD MEMBER 2.00 0.00 X 0 0 0 DR HENRY SALTIEL BOARD MEMBER 2.00 35.00 X 0 200815 87654 RUSSELL HORWITZ BOARD MEMBER 2.00 0.00 X 0 0 0 NICOLAS NICOLAOU BOARD MEMBER 2.00 0.00 X 0 0 0 PRISCILLA ALEXANDER BOARD MEMBER 2.00 0.00 X 0 0 0 CECILIA BRIONES BOARD MEMBER 2.00 0.00 X 0 0 0 LISA SELZ BOARD MEMBER (NON-VOTING) 2.00 0.00 X 0 0 0 LARRY SOLOMON BOARD MEMBER 2.00 0.00 X 0 0 0 JANET CORCORAN EXECUTIVE DIRECTOR 2.00 35.00 X 0 153298 32800 0 750438 204180 0 0 1 0 0 3719061 6062 3719061 135094 135094 164334 0 164334 164334 164334 4018489 0 0 299428 1838958 1838958 884037 884037 8475 8475 21588 21588 35964 34959 1005 26822 26822 11380 11380 PROGRAM EXPENSES 189555 189555 GRANT EXPENSES 184541 184541 SUBSCRIPTIONS 37698 37698 FUNDRAISING EXPENSES 13347 13347 8746 1552 7194 3261111 3160424 87340 13347 118596 376407 140214 1085800 262532 134871 98612 26669 8803923 8652037 9423877 10275784 108902 203819 155969 93534 264871 297353 X 6254409 5686624 2904597 4291807 9159006 9978431 9423877 10275784 757378 62047 0 X X 0 1 X 1 0 X 3849145 3491158 2590271 3955220 3719061 17604855 3849145 3491158 2590271 3955220 3719061 17604855 4268053 13336802 36630 24100 36281 118627 135094 350732 17955587 0.74280 0.74800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2353776 149204 99380 23750 2578610 1917585 384060 120608 68477 2353776 1748664 120680 112457 64216 1917585 1289864 348451 175099 64750 1748664 1275636 48000 -28022 5750 1289864 0.00000 0.47720 0.52280 0 0 0 X 5048645 62047 968109 1030156 4018489 0 4018489 4229220 968109 968109 3261111 0 3261111 PART V, LINE 4: FOR SCHOLARSHIPS AND TO BUILD THE FOUNDATION CORPUS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 0 SCHOLARSHIPS 670 1016634 STIPENDS 261 434626 STUDENT EMERGENCY FUND 1392 368798 NEW AMERICAN 23 18900 PART I, LINE 2: FINANCIAL ASSISTANCE IS AWARDED TO STUDENTS ON THE BASIS OF ACADEMIC MERIT, NECESSITY, AND OTHER CRITERIA AS SET FORTH IN A FORMALIZED APPLICATION PROCESS. 0 0 0 0 0 0 0 0 0 DR PAUL ARCARIO INTERIM PRESIDENT 0 222185 0 0 0 0 0 25000 0 9615 0 256800 0 0 DR NIREATA SEALS BOARD MEMBER 0 174140 0 0 0 0 0 25000 0 24111 0 223251 0 0 DR HENRY SALTIEL BOARD MEMBER 0 200815 0 0 0 0 0 63000 0 24654 0 288469 0 0 JANET CORCORAN EXECUTIVE DIRECTOR 0 153298 0 0 0 0 0 32800 0 0 0 186098 0 0 FORM 990, PART VI, SECTION B, LINE 11B PURSUANT TO THE GOVERNING BODY'S BOARD POLICY FOR REVIEW OF IRS FORM 990, THE GOVERNING BODY HAS DELEGATED TO THE AUDIT COMMITTEE RESPONSIBILITY TO REVIEW THE COMPLETE FORM, IN ORDER TO PRESERVE THE CONFIDENTIALITY OF ANONYMOUS DONORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION OPERATES UNDER THE CONFLICT OF INTEREST POLICY OUTLINED IN ARTICLE VII, SECTION 6 OF THE FOUNDATION'S BYLAWS. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE OR POSITION WITH THE FOUNDATION. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 DIRECTORS AND OFFICERS WHO ARE EMPLOYEES OF THE COLLEGE OR CUNY, ARE NOT COMPENSATED BY THE LAGUARDIA FOUNDATION. THEY ARE COMPENSATED BY THE COLLEGE IN CONFORMITY WITH THE CITY UNIVERSITY OF NEW YORK GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S POLICIES, BY-LAWS, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE FOUNDATION'S OFFICES. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIORELLO H LAGUARDIA COMMUNITY COLLEGE 31-10 THOMPSON AVENUE LONG ISLAND CITY NY 11101 431371336 EDUCATION NY 501(C)(3) LINE 6 0 LAGUARDIA EDUCATION FUND INC 31-10 THOMPSON AVENUE LONG ISLAND CITY NY 11101 112644089 EDUCATION NY 501(C)(3) LINE 7 0 THE RESEARCH FOUNDATION OF CUNY 230 WEST 41ST STREET NEW YORK NY 10036 131988190 RESEARCH NY 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0