Queens College Foundation Inc

Queens College Foundation consistently grows assets with no reported officer compensation.

EIN: 116080521 · Flushing, NY · Updated: 2026-03-28

$109.7MRevenue

$113.4MAssets

85/100Mission Score (Excellent)

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.

AI Transparency Report

The Queens College Foundation Inc. demonstrates consistent financial health, with assets growing from $58.5 million in 2014 to over $102.8 million in 2023. The organization consistently spends less than its revenue, allowing for asset accumulation. For instance, in 2023, revenue was $12.5 million against expenses of $10.8 million, indicating a surplus. The foundation's primary role appears to be supporting Queens College, and its spending efficiency can be inferred from its ability to maintain and grow its endowment while disbursing funds for its programmatic goals.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent growth in assets and the absence of reported officer compensation suggest a focus on its mission. The organization's financial stability is a strong indicator of its capacity to fulfill its purpose. However, without detailed expense categorization, a precise assessment of spending efficiency across different functions is limited.

Overall, the Queens College Foundation Inc. appears to be a financially stable and well-managed entity, effectively growing its resources to support its educational mission. The lack of reported officer compensation is a positive sign regarding resource allocation, though a more granular breakdown of expenses would enhance transparency.

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.

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

Is Queens College Foundation Inc. financially stable?

Yes, the Queens College Foundation Inc. is financially stable, as evidenced by its consistent asset growth from $58.5 million in 2014 to $102.8 million in 2023, and its consistent practice of spending less than its annual revenue.

Does Queens College Foundation Inc. pay its officers?

Based on the provided IRS 990 data, Queens College Foundation Inc. reports 0% officer compensation for all available filing periods, suggesting that officers are not compensated directly by the foundation in this category.

How has the organization's revenue trended over the past decade?

The organization's revenue has fluctuated year-to-year, ranging from a low of $8.5 million in 2016 to a high of $22.2 million in 2018, with the latest reported revenue in 2023 at $12.5 million, indicating variability but consistent fundraising.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$12.5M	$10.8M	$102.9M	$631K	—	View 990
2022	$18.0M	$9.2M	$97.3M	$1.6M	—	View 990
2021	$14.0M	$9.5M	$103.9M	$1.3M	—	View 990
2020	$12.0M	$9.6M	$85.7M	$662K	—	View 990
2019	$13.4M	$10.5M	$82.8M	$476K	—	View 990
2018	$22.3M	$9.0M	$82.2M	$557K	—	View 990
2017	$14.8M	$8.8M	$69.3M	$759K	—	View 990
2016	$8.6M	$7.8M	$59.1M	$1.0M	—	View 990
2015	$12.8M	$7.6M	$60.1M	$1.5M	—	View 990
2014	$10.1M	$7.9M	$58.6M	$586K	—	View 990
2013	$7.6M	$7.1M	$51.6M	$732K	—	View 990
2012	$5.2M	$6.2M	$47.7M	$352K	—	View 990
2011	$10.5M	$9.3M	$50.4M	$217K	—	View 990

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.

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.