The Brooklyn College Foundation Inc

Nonprofit profile at a glance

EIN
111904329
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Brooklyn, NY, USA
Phone
7189515778
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$16,887,701
Expenses
$12,769,337
Assets
$150,622,027
Liabilities
$3,922,311

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • TODD MICHAEL GALITZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • EMILY MOQTADERI (MANAGING DIR, CAMPAIGN & LEADERSHIP): $242,113 total reported compensation
  • LUDOVIC LEROY (DIRECTOR, STRATEGIC PARTNERSHIP&INSTITUTIONAL SUPPORT): $203,099 total reported compensation
  • JOSEPH FODOR (ASSOCIATE DIRECTOR OF RESEARCH): $133,133 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 generate, encourage and promote the educational purposes of brooklyn college of the city university of New York and the educational welfare of its students in their relations with each other, the members of the faculty, the alumni and the community, and to these ends, and for no other purposes, to perform any and all of the following: a. To provide scholarships, fellowships, prizes, and other assistance to worthy students and graduates of said college for and on account of undergraduate and graduate studies. B. To provide awards and prizes to brooklyn college students alumni faculty members, staff members, or other persons for outstanding achievements or services to the college, the community, or to the furtherance of higher education generally. C. To contribute funds for the library, the academic departments, and the administration of said college, the establishment, maintenance, building improvement, operation, and support of recreational rooms, places, and building.

What it reported doing in 2024

In fy25, the brooklyn college foundation granted more than $8.5 million to brooklyn college. This includes over $4.3 million awarded to students in the form of scholarships, awards and internships; and nearly $1.3 million in the form of professorships, lectureships, and professional development support for faculty.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 62
  • Accountability: 100
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.4%; rating input score 83
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: $5.33 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.4%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 11.8; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 83.4% of revenue deployed · 77.2% of spending went to programs
  • Governance: 25 of 25 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $9.9M in reported program spending
  • Leadership: top reported pay $242K · 31 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $524K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.