Queens College Foundation Inc

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Queens College Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Queens College Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Queens College Foundation Inc in one place.

Is Queens College Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Queens College Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Queens College Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Queens College Foundation Inc

Queens College Foundation Inc (EIN: 116080521) is a nonprofit organization based in Flushing, NY. The organization reported total revenue of $109.7M and total assets of $113.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queens College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Queens College Foundation Inc is a major nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Queens College Foundation Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 113.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Queens College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Queens College Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Queens College Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.7M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.6%.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation directly to the mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Queens College Foundation Inc's IRS 990 filings:

• NTEE Code is unknown, limiting direct comparison to peer organizations.

Strengths

The following positive indicators were identified for Queens College Foundation Inc:

• Consistent asset growth, from $58.5 million in 2014 to $102.8 million in 2023, demonstrating strong financial management.
• No reported officer compensation across all available filings, indicating efficient use of funds.
• Expenses consistently lower than revenue, allowing for healthy surplus and asset accumulation.
• Strong financial reserves with assets significantly exceeding liabilities (e.g., $102.8M assets vs. $631K liabilities in 2023).

Frequently Asked Questions about Queens College Foundation Inc

Filing History

IRS 990 filing history for Queens College Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Queens College Foundation Inc's revenue has grown by 19.1%, moving from $10.5M to $12.5M. Total assets increased by 103.9% over the same period, from $50.4M to $102.9M. Total functional expenses rose by 16.4%, from $9.3M to $10.8M. In its most recent filing year (2023), Queens College Foundation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $631K in liabilities against $102.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $102.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $12.5M, expenses of $10.8M, and assets of $102.9M (revenue -30.6% year-over-year).
• 2022: Revenue of $18.0M, expenses of $9.2M, and assets of $97.3M (revenue +29.2% year-over-year).
• 2021: Revenue of $14.0M, expenses of $9.5M, and assets of $103.9M (revenue +16.0% year-over-year).
• 2020: Revenue of $12.0M, expenses of $9.6M, and assets of $85.7M (revenue -10.0% year-over-year).
• 2019: Revenue of $13.4M, expenses of $10.5M, and assets of $82.8M (revenue -39.9% year-over-year).
• 2018: Revenue of $22.3M, expenses of $9.0M, and assets of $82.2M (revenue +50.4% year-over-year).
• 2017: Revenue of $14.8M, expenses of $8.8M, and assets of $69.3M (revenue +72.1% year-over-year).
• 2016: Revenue of $8.6M, expenses of $7.8M, and assets of $59.1M (revenue -32.7% year-over-year).
• 2015: Revenue of $12.8M, expenses of $7.6M, and assets of $60.1M (revenue +26.7% year-over-year).
• 2014: Revenue of $10.1M, expenses of $7.9M, and assets of $58.6M (revenue +32.8% year-over-year).
• 2013: Revenue of $7.6M, expenses of $7.1M, and assets of $51.6M (revenue +45.8% year-over-year).
• 2012: Revenue of $5.2M, expenses of $6.2M, and assets of $47.7M (revenue -50.5% year-over-year).
• 2011: Revenue of $10.5M, expenses of $9.3M, and assets of $50.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Queens College Foundation Inc:

Data Sources and Methodology

This transparency report for Queens College Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.