2024-07-15T16:32:06-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2022-09-01 112533314 NASSAU COMMUNITY COLLEGE FOUNDATION INC NASS 5165727943 364 RICE CIRCLE GARDEN CITY NY 11530 NICK TERZULLI TREASURER 5165727943 2024-07-15 1 NICK TERZULLI XXX-XX-XXXX 1 BRIAN PETERSEN P00284196 6314349500 2024-07-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MCGINTY ONE EDUCATION DRIVE GARDEN CITY NY 11530 1874512 0 X WWW.NCC.EDU X 1983 NY THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF NEW YORK STATE FOR THE PRINCIPAL PURPOSE OF ACCEPTING, HOLDING, INVESTING AND ADMINISTERING ANY PROCEEDS OR PROPERTIES RESULTING FROM GIFTS, BEQUESTS, DEVISES OR FUNDRAISING ACTIVITIES AND DISBURSING OR DONATING THE INCOME OR PRINCIPAL THEREOF FOR BENEFIT OF NASSAU COMMUNITY COLLEGE INCLUDING, AMONG OTHER THINGS, THE MAKING OF GRANTS AND SCHOLARSHIPS TO FACULITY AND STUDENTS, THE MAKING OF GRANTS TO NASSAU COMMUNITY COLLEGE FOR OPERATING AND CAPITAL EXPENDITURES, AND FINANCIAL ASSISTANCE FOR CONTINUING DEVELOPMENT OF THE FACULTY AND STAFF AND PROGRAMS OF NASSAU COMMUNITY COLLEGE. 25 23 0 45 0 0 1007017 682210 0 0 86440 92302 -3453 -48478 1090004 726034 436930 972574 0 0 0 0 0 0 0 358909 113355 795839 1085929 294165 -359895 5146099 4851987 638788 718904 4507311 4133083 X THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF NEW YORK STATE FOR THE PRINCIPAL PURPOSE OF ACCEPTING,HOLDING,INVESTING AND ADMINISTERING ANY PROCEEDS OR PROPERTIES RESULTING FROM GIFTS, BEQUESTS, DEVISES OR FUNDRAISING ACTIVITIES AND DISBURSING OR DONATING THE INCOME OR PRINCIPAL THEREOF FOR BENEFIT OF NASSAU COMMUNITY COLLEGE INCLUDING, AMONG OTHER THINGS, THE MAKING OF GRANTS AND SCHOLARSHIPS TO FACULTY AND STUDENTS, THE MAKING OF GRANTS TO NASSAU COMMUNITY COLLEGE FOR OPERATING AND CAPITAL EXPENDITURES, AND FINANCIAL ASSISTANCE FOR CONTINUING DEVELOPMENT OF THE FACULTY AND STAFF AND PROGRAMS OF NASSAU COMMUNITY COLLEGE. 0 0 972574 972574 0 VARIOUS SCHOLARSHIPS AND FINANCIAL ASSITANCE FUNDS ARE ADMINISTERED AND DISBURSED AS SCHOLARSHIPS AND GRANTS TO THE STUDENTS AND FACULTY OF NASSAU COMMUNITY COLLEGE. 972574 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X X NICK TERZULLI 5165727943 364 RICE CIRCLE GARDEN CITY NY 11530 PAUL SCHMIDT DIRECTOR 0.20 35.00 X 0 198027 19002 MICHAEL G MCGINTY CHAIR 2.00 4.00 X X 0 34808 0 VICTORIA ORTIZ-KLEINSCHMIDT VICE CHAIR 2.00 X X 0 0 0 NICHOLAS TERZULLI TREASURER 2.00 X X 0 0 0 DR MARIA P CONZATTI EX-OFFICIO DIRECTOR 2.00 X 0 0 0 DR AZAD K ANAND DIRECTOR 0.20 X 0 0 0 THOMAS CAVALLARO DIRECTOR 1.00 X 0 0 0 INGRID DODD DIRECTOR 0.20 X 0 0 0 JOHN R DURSO DIRECTOR 0.20 X 0 0 0 RICHARD KESSEL DIRECTOR 0.20 X 0 0 0 DR JERRY KORNBLUTH DIRECTOR 0.20 X 0 0 0 DR KISHORE KUNCHAM DIRECTOR 0.20 X 0 0 0 JOSPEH MOSCOLA DIRECTOR 0.20 X 0 0 0 LUCILLE OKEN DIRECTOR 0.20 X 0 0 0 RAY SCHWETZ DIRECTOR 0.20 X 0 0 0 RAY TEJEDA DIRECTOR 0.20 X 0 0 0 BEN TORRES DIRECTOR 0.20 X 0 0 0 ANN WEBER-HUGHES DIRECTOR 0.20 X 0 0 0 AMY AMATO DIRECTOR 0.20 X 0 0 0 DANIEL HANSEN DIRECTOR 0.20 X 0 0 0 JOHN A DEGRACE DIRECTOR 0.20 X 0 0 0 LARISSA LONGCHAMP DIRECTOR 0.20 X 0 0 0 RANDI SHUBIN DRESNER DIRECTOR 0.20 X 0 0 0 JONATHAN SOBEL DIRECTOR 0.20 X 0 0 0 JULIE DE LA LASTRA DIRECTOR 0.20 X 0 0 0 JOY DEDONATO EXECUTIVE DIRECTOR-THRU 6/23 2.00 35.00 X 0 134475 28838 0 367310 47840 0 0 1 0 0 36972 645238 682210 92302 92302 1100000 1100000 0 0 36972 48478 -48478 -48478 726034 0 0 43824 334540 334540 638034 638034 2225 2225 85189 85189 20725 20725 2759 2759 MISCELLANEOUS EXPENSE 2457 2457 1085929 972574 113355 0 3789222 3411960 3754 6535 24096 1337100 1398596 13242 13581 5146099 4851987 33839 63834 551000 545940 30155 30155 23794 78975 638788 718904 X 698475 386586 3808836 3746497 4507311 4133083 5146099 4851987 -359895 -14333 0 X X 0 1 X 1 0 X X 1 NASSAU COMMUNITY COLLEGE 116000463 2 1 972574 0 1 972574 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV SECTION B QUESTION 1 THE NASSAU COMMUNITY COLLEGE PRESIDENT IS ONE EX-OFFICIO DIRECTOR, AS WELL AS ONE DIRECTOR (OR HIS/HER DESIGNEE) IS ALSO A DIRECTOR OF THE COLLEGE. EMPLOYEES OF THE COLLEGE MANAGE THE FOUNDATION ACTIVITIES. ALSO THE BY-LAWS STATE THAT THE PURPOSE OF THE FOUNDATION IS TO ACCEPT, HOLD, INVEST, RE-INVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OR TRUSTS AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF FOR THE BENEFIT OF NASSAU COMMUNITY COLLEGE, ITS STUDENTS AND FACULTY, INCLUDING BUT NOT LIMITED TO THE FOLLOWING: TO MAKE GRANTS TO NASSAU COMMUNITY COLLEGE FOR OPERATING AND CAPITAL EXPENDITURES; TO MAKE GRANTS TO THE FACULTY AND STUDENTS; TO GRANT SCHOLARSHIPS AND LOANS TO THE FACULTY AND STUDENTS; TO ENDOW PROFESSORSHIPS AND ASSIST FINANCIALLY THE CONTINUING DEVELOPMENT OF THE FACULTY AND STAFF AND PROGRAMS OF THE COLLEGE; TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL, OR CHARITABLE TRUSTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 836075 6600 14085 11175 845585 825221 7687 9952 6785 836075 808277 12675 14269 10000 825221 801616 6645 17373 17357 808277 792589 820 18437 10230 801616 0 0 0 DUE TO NASSAU COMMUNITY COLLEGE 78975 78975 X 1149650 -14333 437949 423616 726034 0 726034 1523878 437949 437949 1085929 0 1085929 PART IV, LINE 2B: SEVERAL DONOR DIRECTED SCHOLARSHIPS ARE RECEIVED AND DISBURSED DURING THE YEAR, WHERE THE FOUNDATION HAS NO CONTROL OVER THE SELECTION OF THE BENEFICIARY. AMOUNTS ARE RECEIVED AND DISBURSED TO THE COLLEGE; UNSPENT OR UNUSED AMOUNTS ARE RETURNED TO THE DONOR. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR SCHOLARSHIPS THAT ON AN ANNUAL BASIS EARN INCOME AND DISTRIBUTE FUNDS FOR SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION EVALUATES WHETHER ANY UNCERTAIN TAX POSITIONS EXISTS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE FOUNDATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE FOUNDATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION AS DESCRIBED IN SECTION 509(A). GALA 36972 36972 48478 36972 36972 48478 48478 -48478 1 NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 112381 0 BOOK ACADEMIC PROGRAM SUPPORT NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 91831 0 BOOK COLLEGE ENHANCEMENT NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 88719 0 BOOK PRIVATE SPONSOR FUNDED PROGRAMS NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 41609 0 BOOK FACULTY DEVELOPMENT 1 SCHOLARSHIPS AND OTHER SUPPORT TO STUDENTS AND FACULTY- RESTRICTED 372 517720 SCHOLARSHIPS TO STUDENTS - UNRESTRICTED 119 120314 PART I, LINE 2: ALL EXPENDITURE REQUESTS MUST BE REVIEWED AND APPROVED BY AUTHORIZED PERSONNEL/ADMINISTRATORS REGARDING THE APPROPRIATENESS OF THE EXPENDITURE. THE APPROVED REQUESTS ARE THEN FORWARDED TO THE FOUNDATION FOR PAYMENT. THE ADMINISTRATIVE SCHOLARSHIP STAFF REVIEWS ALL APPLICATIONS BEFORE APPROVAL. 1 0 0 0 0 0 0 0 0 PAUL SCHMIDT DIRECTOR 0 198027 0 0 0 0 0 0 0 19002 0 217029 0 0 JOY DEDONATO EXECUTIVE DIRECTOR-THRU 6/23 0 134475 0 0 0 0 0 0 0 28838 0 163313 0 0 PART I, LINE 4A JOY DEDONATO RESIGNED 6/6/2023. SEVERANCE OF $37,165.50 WAS PAID IN JULY 2023. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE TRESURER REVIEWS THE PREPARED 990 PRIOR TO FILING WITH THE IRS. A FINAL COPY IS PROVIDED TO THE FULL BOARD AFTER FILING FOR SUBSEQUENT REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT MAY GIVE RISE TO CONFLICTS OF INTEREST. DISCLOSURE OF SUCH INTEREST SHALL BE MADE TO THE BOARD OR COMMITTEE PRIOR TO ACTING ON SUCH CONTRACT OR TRANSACTION. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE ON, OR BE PRESENT FOR OR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO, SUCH CONTRACT OR TRANSACTION. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE OF ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST, THE VOTE HEREON, AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING, PRESENCE, AND PARTICIPATION AND WHETHER A QUORUM IS PRESENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ENTIRE BOARD OF DIRECTORS OVERSEES AUDIT. NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 EDUCATION NY 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0