BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION INC

EIN 51-0187969 · Single Organization Support (T11)

What they do

THE MISSION of THE BOROUGH of MANHATTAN COMMUNITY COLLEGE FOUNDATION is to ACQUIRE and STEWARD FINANCIAL RESOURCES NEEDED to SUPPORT STUDENT SCHOLARSHIPS and BOROUGH of MANHATTAN COMMUNITY COLLEGE STUDENT and FACULTY PROGRAMS BY DEVELOPING and STRENGTHENING RELATIONSHIPS WITH PHILANTHROPICALLY INCLINED INDIVIDUALS, FOUNDATIONS, ALUMNI, GOVERNMENT, COMMUNITY ORGANIZATIONS, and BUSINESSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

114.18%of revenue went to mission work95.6% of expenses · Program services

2.05%of revenue went to fundraising1.7% of expenses

$119.42spent for every $100 of revenueSpending was higher than revenue this year.

3.18%of revenue went to management and office costs2.7% of expenses

$8.44in assets for every $1 spent this yearSome assets cannot be spent right away.

87.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $565,024 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $65,261 for ANTHONY MUNROE (DIRECTOR/BMCC PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,909,638

Mission workProgram services$3,322,251114.18% of revenue95.6% of expenses

ManagementOffice and general costs$92,6323.18% of revenue2.7% of expenses

FundraisingAsking for donations$59,7792.05% of revenue1.7% of expenses

Total expenses$3,474,662119.42% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.6% mission · 2.7% management · 1.7% fundraisingTotal expenses: 119.42% of revenue

2023Expense mix: 94.5% mission · 4.8% management · 0.7% fundraisingTotal expenses: 226.36% of revenue

2022Expense mix: 94.9% mission · 4.1% management · 1.1% fundraisingTotal expenses: 85.49% of revenue

2021Expense mix: 90.9% mission · 8.2% management · 0.9% fundraisingTotal expenses: 38.84% of revenue

2020Expense mix: 89.9% mission · 9.7% management · 0.3% fundraisingTotal expenses: 145.87% of revenue

2019Expense mix: 89.7% mission · 9.9% management · 0.4% fundraisingTotal expenses: 125.83% of revenue

2018Expense mix: 92.4% mission · 5.0% management · 2.6% fundraisingTotal expenses: 70.98% of revenue

2017Expense mix: 92.2% mission · 6.4% management · 1.4% fundraisingTotal expenses: 77.24% of revenue

Money in and money out

Revenue$2,909,638

Expenses$3,474,662

Annual shortfall $565,024 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,322,251 · 95.6% of expenses

Management and office costs$92,632 · 2.7% of expenses

Fundraising$59,779 · 1.7% of expenses

See all reported dollar amounts

Revenue$2,909,638

Expenses$3,474,662

Assets$29,314,752

Income$6,967,694

Contributions$2,542,799

Mission work (program services)$3,322,251

Fundraising$59,779

Grants given$525,313

Average grant$262,657

Management and general$92,632

Stocks and bonds$26,286,280

Investing fees$64,031

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANTHONY MUNROEDIRECTOR/BMCC PRESIDENT · 10 hrs/week $65,261Base · Other $65,261

JULIO IZQUIERDOVICE PRESIDENT OF FINANCE · 1 hrs/week $64,051Base · Other $64,051

KAREN WILSON-STEVENSONCOO/VP OFFICE FOR INSTITUT · 35 hrs/week $13,543Base · Other $13,543

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

ANTHONY MUNROEDIRECTOR/BMCC PRESIDENT

JULIO IZQUIERDOVICE PRESIDENT OF FINANCE

KAREN WILSON-STEVENSONCOO/VP OFFICE FOR INSTITUT

KIMBERLY CAVANAUGHDIRECTOR

TIM TYNANDIRECTOR

STEVEN FITERMANDIRECTOR

SANDRA LINDSAY DHSCDIRECTOR

ROBERT J MUELLERDIRECTOR (EMERITUS)

RAYMOND OKEEFEDIRECTOR (EMERITUS)

PATRICIA ROSENFIELDVICE CHAIR

MRS SHIRLEY FITERMANDIRECTOR EMERITUS

MILES FITERMAN IIDIRECTOR

MEHRNAZ NAZ VAHIDDIRECTOR

BILL FISSEDIRECTOR

ANNA LABOMBARDADIRECTOR

ANTHONY J PORTANNESECHAIR

JONATHAN RESNICKDIRECTOR

JOHN W SUTTERSECRETARY/TREASURER

JESSICA GATTIDIRECTOR

GLORIA LIODIRECTOR

ELIZABETH MARGARITIS BUTSONDIRECTOR

DAVID CHAPMANDIRECTOR

About this charity

Recognized since: January 1976
Location: 199 CHAMBERS ST, NEW YORK, NY 10007-1044
County: New York
In care of: % ELENA SAMUELS C/O THE BMCC F
Primary officer: KAREN WILSON-STEVENSON, COO/VP OFFICE FOR INSTITUTIONAL ADV

How to reach them

WebsiteVisit the charity’s website Phone(212) 220-8017

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EFPR ADVISORY LLC
NTEE classification: Single Organization Support (T11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes