Nonprofit · EIN 13-3683723
THE COLLEGE OF STATEN ISLAND FOUNDATION INC
Tax-exempt · STATEN ISLAND, NY 10314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,452,851 | $2,190,051 | $1,262,800 | $24,557,259 | $730,401 | $23,826,858 |
| June 30, 2024 | 990 | $3,368,368 | $1,916,137 | $1,452,231 | $22,601,959 | $943,213 | $21,658,746 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,117,591
- Program service revenue
- $0
- Investment income
- $1,299,004
- Net gain from sales of assets
- $603,523
- Net income from fundraising events
- $36,256
- Other revenue
- $36,256
Expenses
- Grants and similar amounts paid
- $974,980
- Other salaries and wages
- $263,961
- Salaries, compensation and benefits (total)
- $272,353
- Professional fundraising fees
- $0
- Legal fees
- $432
- Program services (functional)
- $1,772,203
- Management and general (functional)
- $401,916
- Fundraising (functional)
- $15,932
Balance sheet and other
- Total assets, start of year
- $22,601,959
- Total assets, end of year
- $24,557,259
- Total liabilities, end of year
- $730,401
- Net assets, end of year
- $23,826,858
- Publicly traded securities
- $23,052,988
- Net assets without donor restrictions
- $1,415,777
- Net assets with donor restrictions
- $22,411,081
- Gross receipts
- $3,559,968
- Employees
- 25
- Volunteers
- 41
- Year formed
- 1992
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERYL ADOLPH | EXECUTIVE DIRECTOR Trustee or director, Officer | 14 | $0 |
| JACQUELINE ARMANI | DIRECTOR Trustee or director | 1 | $0 |
| COMFORT ASANBE | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| ROBERT CATALANO | TREASURER Trustee or director, Officer | 3 | $0 |
| JAY CHAZANOFF | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH CONTE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CUSICK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SAMIR FARAG | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH FRANZESE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| CAROLE GERVASI | SECRETARY Trustee or director, Officer | 1 | $0 |
| YOLANDA GLEASON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN LALINE | DIRECTOR Trustee or director | 1 | $0 |
| FRANK LOMBARDO | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY LYNCH | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOLORES MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN PESILE | DIRECTOR Trustee or director | 1 | $0 |
| YOLANDA RUDICH | DIRECTOR Trustee or director | 1 | $0 |
| DIANE SAADEH | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS SERRANO | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| VISHAL SHAH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STEIPER | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| AMANDA STRANIERE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT CATALANO | TREASURER Trustee or director, Officer | 3 | $0 |
| DOLORES MORRIS | SECRETARY Trustee or director, Officer | 2 | $0 |
| FRANK LOMBARDO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| COMFORT ASANBE | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| MARILYN CASELLI | DIRECTOR Trustee or director | 1 | $0 |
| JAY CHAZANOFF | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH CONTE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CUSICK | DIRECTOR Trustee or director | 1 | $0 |
| SAMIR FARAG | DIRECTOR Trustee or director | 1 | $0 |
| CAROLE GERVASI | DIRECTOR Trustee or director | 1 | $0 |
| YOLANDA GLEASON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN LALINE | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY LYNCH | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN PESILE | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS SERRANO | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| VISHAL SHAH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STEIPER | (EX-OFFICIO) DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH FRANZESE | BOARD PRESIDENT Officer | 4 | $0 |
| CHERYL ADOLPH | EXECUTIVE DIRECTOR Officer | 14 | $0 |
Address and contacts
- Address (IRS master file)
- 2800 VICTORY BLVD, STATEN ISLAND, NY 10314-6609
- Principal officer (990 for 2024)
- MICHAEL CUSICK, 2800 VICTORY BLVD 1A-210, STATEN ISLAND, NY 10314
- Signed the 990
- MICHAEL CUSICK, BOARD PRESIDENT
- Phone
- (718) 982-2365
- Website
- WWW.CSI.CUNY.EDU/FOUNDATION
- Return prepared by
- TODRES & COMPANY LLP
Mission
THE FOUNDATION WAS ESTABLISHED TO STIMULATE AND STRENGTHEN COMMUNITY,CORPORATE AND FOUNDATION SUPPORT FOR PUBLIC HIGHER EDUCATION ON STATEN ISLAND AND TO SUPPORT THE COLLEGE OF STATEN ISLAND IN PROVIDING ITS STUDENTS WITH THE FINEST FACILITIES AND FACULTY AVAILABLE.
Program accomplishments
- THESE EXPENSES REPRESENT THE FOUNDATION'S ACCOMPLISHMENTS IN ASSISTING THE COLLEGE OF STATEN ISLAND BY DEVELOPING AN ONGOING AND INCREASING BASE OF SUPPORT FROM THE COMMUNITY, INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. THROUGH THIS PHILANTHROPIC SUPPORT, THE COLLEGE OF STATEN ISLAND FOUNDATION ALLOWS THE COLLEGE TO EXPAND ITS MARGIN OF EXCELLENCE WHICH ENSURES ITS STUDENTS, FACULTY, AND STAFF THE FINEST ACADEMIC FACILITIES AVAILABLE. SUCH EXAMPLES INCLUDE FUNDING FOR THE CHAZANOFF SCHOOL OF BUSINESS EXPENSES RELATED TO THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB) ACCREDITATION PROCESS, CAREER DEVELOPMENT INITIATIVES, THE ATHLETICS PROGRAM, INCLUDING UNIFORMS AND TRAVEL RELATED TO PARTICIPATION IN TOURNAMENTS, FACILITY IMPROVEMENTS WHICH THIS PAST YEAR INCLUDED A NEW STUDENT LOUNGE, SUPPORT FOR THE LIBRARY AND FOR THE DEPARTMENT OF SOCIAL WORK.Expenses $676,202
- THESE EXPENSES REPRESENT THE COLLEGE OF STATEN ISLAND FOUNDATION'S ENDOWED AND NON-ENDOWED SCHOLARSHIPS AND AWARDS AT THE COLLEGE TO PROVIDE ACCESS TO FINANCIAL ASSISTANCE TO THE MANY QUALIFYING FULL-TIME AND PART-TIME STUDENTS. THE MANY SCHOLARSHIPS ALLOCATED BY THE COLLEGE OF STATEN ISLAND FOUNDATION ENSURE THAT THESE STUDENTS HAVE ACCESS TO A QUALITY HIGHER EDUCATION, REMARKABLE ACHIEVEMENTS, AND A BRIGHTER FUTURE.Expenses $862,478 · grants $862,478
- THE COLLEGE OF STATEN ISLAND FOUNDATION IS COMMITTED TO SERVING THE COLLEGE COMMUNITY AND ITS WIDE RANGE OF TRADITIONAL AND NON-TRADITIONAL STUDENTS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE IN A TIMELY MANNER TO STUDENTS WHO REQUEST THE EMERGENCY FUNDS THROUGH A CERTIFIED COUNSELOR AT THE COLLEGE.IN ADDITION TO FINANCIAL ASSISTANCE, THE COLLEGE OF STATEN ISLAND IS PROVIDING EMERGENCY MEALS THROUGH THE FOOD INSECURITY AND HUNGER INITIATIVE.Expenses $112,502 · grants $112,502
- TO ASSIST THE COLLEGE OF STATEN ISLAND WITH ENHANCING RESOURCES,ENROLLMENT INITIATIVES, STUDENT ENGAGEMENT AND PROVIDING FUNDSTO PROMOTE THE VERRAZZANO HONORS PROGRAM.Expenses $121,021
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3683723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $24,557,259
- Income (IRS master file)
- $3,559,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,452,851 | $2,190,051 | $24,557,259 | XML |
| 990 | June 2024 | $3,368,368 | $1,916,137 | $22,601,959 | XML |
| 990 | June 2023 | $1,224,016 | $1,956,195 | $19,560,960 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3683723).
Questions about THE COLLEGE OF STATEN ISLAND FOUNDATION INC
- What is the EIN of THE COLLEGE OF STATEN ISLAND FOUNDATION INC?
- The employer identification number (EIN) of THE COLLEGE OF STATEN ISLAND FOUNDATION INC is 13-3683723.
- Is THE COLLEGE OF STATEN ISLAND FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to THE COLLEGE OF STATEN ISLAND FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COLLEGE OF STATEN ISLAND FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE COLLEGE OF STATEN ISLAND FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE COLLEGE OF STATEN ISLAND FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE COLLEGE OF STATEN ISLAND FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MICHAEL CUSICK.
- Who are the officers and directors of THE COLLEGE OF STATEN ISLAND FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does THE COLLEGE OF STATEN ISLAND FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,452,851, expenses of $2,190,051 and total assets of $24,557,259 at year end.
Other nonprofits in STATEN ISLAND
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- WAGNER COLLEGE EIN 13-5604699 · last filed 990 for 2025
- INTEGRATION CHARTER SCHOOLS EIN 47-2459523 · last filed 990 for 2025
- EDEN II SCHOOL FOR AUTISTIC CHILDERN INC EIN 13-2872916 · last filed 990 for 2025
- NEW WORLD PREPARATORY CHARTER SCHOOL EIN 27-2013987 · last filed 990 for 2025
- STATEN ISLAND ACADEMY EIN 13-5600423 · last filed 990 for 2025
- CHILDREN AT PLAY EARLY INTERVENTION CENTER EIN 55-0868334 · last filed 990 for 2025
- COLLEGE OF STATEN ISLAND AUXILIARY SERVICES CORP INC EIN 13-2936232 · last filed 990 for 2025