Queens College Auxiliary Enterprise Corporation
Nonprofit profile at a glance
- EIN
- 463849287
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Flushing, NY, USA
- Phone
- 7189974590
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $4,019,921
- Expenses
- $5,341,105
- Assets
- $4,745,631
- Liabilities
- $2,003,145
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- FRANK WU (PRESIDENT)
- JENNIFER JARVIS (VICE PRESIDENT)
Highest reported compensation
- FRANK WU (PRESIDENT): $564,442 total reported compensation
- JENNIFER JARVIS (VICE PRESIDENT): $255,762 total reported compensation
- JOSEPH LOUGHREN (TREASURER): $253,339 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide auxiliary enterprises, such as food services, a bookstore, parking, etc., for the benefit of the queens college students, faculty, and staff.
What it reported doing in 2024
Kupferburg performing arts center - the center's facilities are used by the college for events, classes and college-sponsored rehearsals for which the center does not receive rental fees. The center also presents a variety of community service programs as part of its performance series including classical music, dance, children's theater and pop and contemporary artists.
Operating model
- Revenue model
- Other-operating. 70% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 65
- Accountability: 71
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 86.9%; rating input score 87
- Fundraising efficiency: $8.16 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -32.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 86.9% of spending went to programs
- Governance: 8 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.6M in reported program spending
- Leadership: top reported pay $564K · 16 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Operating margin scored 4/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.