The Foundation for City College
The Foundation for City College reported $61.5 million in revenue and $37.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.93 went to program services, $9.16 to management and general costs and $2.91 to fundraising. Its largest source of revenue was contributions and grants: 68.6% of the total. The highest compensation it reported for one person was $174,639 (DIRECTOR OF ACCOUNTING). 2 people received more than $100,000 in reportable compensation. Revenue fell 40% between FY2022 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $37MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $62MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 68.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $174,639 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.47% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 147.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR OF ACCOUNTING Highest compensated employee, 35.00 hrs/week | $0 | $128,634 | $46,005 | $174,639 |
| ENDOWMENT ACCOUNTING MANAGER Highest compensated employee, 35.00 hrs/week | $0 | $107,414 | $13,518 | $120,932 |
2 people received more than $100,000 in reportable compensation from The Foundation for City College (Part VII, line 2).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5210
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BRAVEN INC Programmatic education and workforce-dev | $325,000 |
| SANKY COMUNICATIONS INC Direct mail/online fundraising | $312,875 |
| URBAN ARTS PARTNERSHIP Services rendered: gaming pathways prg | $172,720 |
| BLACKBAUD INC Subscription fees - for software usage | $147,536 |
| EMPIRE OFFICE INC Renovations | $105,085 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
42 private foundations reported grants to The Foundation for City College totaling $8.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Foundation for City College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Foundation for City College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Foundation for City College spent in FY2025, $87.93 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bronx Charter School for ExcellenceBronx, NY · revenue $62M · programs 92.9% · FY2025
- Springside Chestnut Hill AcademyPhiladelphia, PA · revenue $62M · programs 90.2% · FY2025
- Milligan UniversityMilligan, TN · revenue $61M · programs 83.2% · FY2025
- William Jessup UniversityRocklin, CA · revenue $62M · programs 86.2% · FY2025
- Interlochen Arts GroupInterlochen, MI · revenue $61M · programs 87.9% · FY2025
Questions people ask
How much of The Foundation for City College's spending goes to programs?
In the fiscal year ending June 30, 2025, The Foundation for City College reported that 87.9% of its $37.1 million in expenses went to program services, 9.2% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does The Foundation for City College pay its top executive?
The largest total compensation The Foundation for City College reported for one person in the fiscal year ending June 30, 2025 was $174,639, for the role of DIRECTOR OF ACCOUNTING (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Foundation for City College get its money?
Of $61.5 million in revenue in the fiscal year ending June 30, 2025, 68.6% came from contributions and grants and 0.4% from program service revenue (Form 990, Part VIII).
Is The Foundation for City College a registered charity?
The IRS lists EIN 84-3867573 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611139349300521 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541329349300014 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421029349300147 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202310459349300836 · read the filing
All filings for EIN 84-3867573: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.