2025-07-14T10:31:19-05:00 2024-08-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 878 VETERANS MEMORIAL HWY 4TH FLOOR HAUPPAUGE NY 11788 990 2023-09-01 112533314 NASSAU COMMUNITY COLLEGE FOUNDATION INC NASS 5165727943 364 RICE CIRCLE GARDEN CITY NY 11530 NICHOLAS TERZULLI TREASURER 5165727943 2025-07-14 1 1 GARRETT M HIGGINS P00543209 6314349500 2025-07-11 2023 2025-03-06 01:10:19Z MICHAEL MCGINTY ONE EDUCATION DRIVE GARDEN CITY NY 11530 1646839 0 X WWW.NCC.EDU X 1979 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. 24 24 0 45 0 0 682210 775258 0 0 92302 124559 -48478 -52502 726034 847315 972574 883298 0 0 0 0 0 0 0 113355 94272 1085929 977570 -359895 -130255 4851987 4520807 718904 421001 4133083 4099806 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 562080 562080 0 FOR SCHOLARSHIPS AND OTHER ASSISTANCE TO THE STUDENTS OF NASSAU COMMUNITY COLLEGE FOR TUITION AND RELATED EDUCATIONAL COSTS 211631 211631 FOR SUPPORT FOR PROGRAMS AND VARIOUS CLUBS WITHIN NASSAU COMMUNITY COLLEGE 109587 109587 FOR SUPPORT FOR FACULTY AND OTHER COLLEGE ENHANCEMENT WITHIN NASSAU COMMUNITY COLLEGE 883298 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 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X X NICHOLAS TERZULLI 5165727943 364 RICE CIRCLE GARDEN CITY NY 11530 MICHAEL G MCGINTY CHAIR 2.00 X X 0 0 0 VICTORIA ORTIZ-KLEINSCHMIDT VICE CHAIR 2.00 X X 0 0 0 NICHOLAS TERZULLI TREASURER 2.00 X X 0 0 0 AMY AMATO DIRECTOR 0.20 X 0 0 0 DR AZAD K ANAND DIRECTOR 0.20 X 0 0 0 THOMAS CAVALLARO DIRECTOR 0.20 X 0 0 0 JULIE DE LA LASTRA DIRECTOR 0.20 X 0 0 0 JOHN A DEGRACE DIRECTOR 0.20 X 0 0 0 INGRID DODD DIRECTOR 0.20 X 0 0 0 RANDI SHUBIN DRESNER DIRECTOR 0.20 X 0 0 0 JOHN R DURSO DIRECTOR 0.20 X 0 0 0 DANIEL HANSEN DIRECTOR 1.20 X 0 0 0 RICHARD KESSEL DIRECTOR 2.20 X 0 0 0 JERRY KORNBLUTH DIRECTOR 3.20 X 0 0 0 DR KISHORE KUNCHAM DIRECTOR 4.20 X 0 0 0 LARISSA LONGCHAMP DIRECTOR 5.20 X 0 0 0 JOSPEH MOSCOLA DIRECTOR 0.20 X 0 0 0 LUCILLE OKEN DIRECTOR 0.20 X 0 0 0 PAUL SCHMIDT DIRECTOR, THRU 02/2024 0.20 X 0 0 0 RAY SCHWETZ DIRECTOR 0.20 X 0 0 0 JONATHAN SOBEL DIRECTOR 0.20 X 0 0 0 RAY TEJEDA DIRECTOR 0.20 X 0 0 0 NIKKI THEISSEN 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 RUDELL J BREEDY EXECUTIVE DIRECTOR 35.00 X 134712 0 35558 DR MARIA P CONZATTI CHIEF ADMINISTRATIVE OFFICER 2.00 X 0 0 0 134712 0 35558 1 0 1 1 0 62592 712666 775258 124559 124559 724272 724272 0 0 22750 62592 75252 -52502 -52502 847315 0 0 72057 321218 321218 562080 562080 58690 58690 20638 20638 7900 7900 MISCELLANEOUS EXPENSE 7044 7044 977570 883298 94272 0 3411960 2535392 3754 9606 24096 33087 1398596 1934292 13581 8430 4851987 4520807 63834 20773 545940 361416 30155 30155 78975 8657 718904 421001 X 386586 221299 3746497 3878507 4133083 4099806 4851987 4520807 -130255 96978 0 X 0 1 X 0 0 X 755177 1341080 1007017 682210 775258 4560742 755177 1341080 1007017 682210 775258 4560742 1479250 3081492 99192 92101 86440 92302 124559 494594 0 0 0 0 22986 22986 5078322 0.60680 0.53150 X 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 845585 5455 15991 10235 856796 836075 6600 14085 11175 845585 825221 7687 9952 6785 836075 808277 12675 14269 10000 825221 801616 6645 17373 17357 808277 0.67540 0.32460 0 0 0 DUE TO NASSAU COMMUNITY COLLEGE 8657 8657 X 1280450 96978 336157 433135 847315 0 847315 1313727 336157 336157 977570 0 977570 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 85342 62592 22750 20000 45133 10119 85342 62592 22750 20000 45133 10119 75252 -52502 1 NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 123004 0 ACADEMIC PROGRAM SUPPORT NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 78378 0 COLLEGE ENHANCEMENT NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 88627 0 PRIVATE SPONSOR FUNDED PROGRAMS NASSAU COMMUNITY COLLEGE ONE EDUCATION DRIVE GARDEN CITY NY 11530 116000463 NASSAU COUNTY 31209 0 FACULTY DEVELOPMENT 1 SCHOLARSHIPS AND OTHER SUPPORT TO STUDENTS AND FACULTY- RESTRICTED 476 503923 SCHOLARSHIPS TO STUDENTS - UNRESTRICTED 14 58157 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. 0 0 0 0 0 0 0 0 0 RUDELL J BREEDY EXECUTIVE DIRECTOR 134712 0 0 0 0 0 0 0 35558 0 170270 0 0 0 FORM 990 PART VII LINE 5 RUDELL J. BREEDY, EXECUTIVE DIRECTOR OF THE FOUNDATION, IS EMPLOYED BY NASSAU COMMUNITY COLLEGE, AN UNRELATED PARTY. AND COMPENSATED BY NASSAU COUNTY. HE DEVOTES 95% OF HIS TIME TO THE FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF FORM 990, HAS 95% OF HIS COMPENSATION ALLOCATED TO THE FOUNDATION ($170,270). FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE TREASURER 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 FOUNDATION 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 FOUNDATION DIRECTLY. 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