Nonprofit · EIN 51-0187969
BMCC FOUNDATION INC
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,909,638 | $3,474,662 | -$565,024 | $29,314,752 | $17,884,779 | $11,429,973 |
| June 30, 2024 | 990 | $1,665,314 | $3,769,656 | -$2,104,342 | $27,550,109 | $16,029,192 | $11,520,917 |
| June 30, 2023 | 990 | $3,281,977 | $2,805,751 | $476,226 | $27,002,127 | $14,152,828 | $12,849,299 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,542,799
- Program service revenue
- $0
- Investment income
- $491,720
- Net gain from sales of assets
- $201,005
- Net income from fundraising events
- -$228,640
- Other revenue
- -$124,881
Expenses
- Grants and similar amounts paid
- $2,010,289
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $3,322,251
- Management and general (functional)
- $92,632
- Fundraising (functional)
- $59,779
Balance sheet and other
- Total assets, start of year
- $27,550,109
- Total assets, end of year
- $29,314,752
- Total liabilities, end of year
- $17,884,779
- Net assets, end of year
- $11,429,973
- Publicly traded securities
- $26,286,280
- Net assets without donor restrictions
- $4,426,840
- Net assets with donor restrictions
- $7,003,133
- Gross receipts
- $6,967,694
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1975
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY MUNROE | DIRECTOR/BMCC PRESIDENT Trustee or director, Officer | 10 | $0 | $339,651 | $65,261 |
| JULIO IZQUIERDO | VICE PRESIDENT OF FINANCE Trustee or director | 1 | $0 | $174,033 | $64,051 |
| KAREN WILSON-STEVENSON | COO/VP OFFICE FOR INSTITUT Trustee or director, Officer | 35 | $0 | $169,292 | $13,543 |
| ANNA LABOMBARDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY J PORTANNESE | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| BILL FISSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID CHAPMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH MARGARITIS BUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GLORIA LIO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA GATTI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN W SUTTER | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JONATHAN RESNICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY CAVANAUGH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEHRNAZ NAZ VAHID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MILES FITERMAN II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MRS SHIRLEY FITERMAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| PATRICIA ROSENFIELD | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| RAYMOND O'KEEFE | DIRECTOR (EMERITUS) Trustee or director | 1 | $0 |
| ROBERT J MUELLER | DIRECTOR (EMERITUS) Trustee or director | 1 | $0 |
| SANDRA LINDSAY DHSC | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN FITERMAN | DIRECTOR Trustee or director | 1 | $0 |
| TIM TYNAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY MUNROE | DIRECTOR/BMCC PRESIDENT Trustee or director, Officer | 10 | $0 | $334,639 | $62,355 |
| JULIO IZQUIERDO | VICE PRESIDENT OF FINANCE & ADMIN Trustee or director | 1 | $0 | $176,241 | $58,610 |
| KAREN WILSON-STEVENSON | COO/VP OFFICE FOR INSTITUTIONAL ADVANCEMENT Trustee or director, Officer | 35 | $0 | $169,310 | $13,545 |
| ELIZABETH MARGARITIS BUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN DUNLEAVY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL FISSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MILES FITERMAN II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN FITERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA GATTI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH C GOSLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA LINDSAY DHSC | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAYMOND O'KEEFE | DIRECTOR (EMERITUS) Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT J MUELLER | DIRECTOR (EMERITUS) Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY J PORTANNESE | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| JONATHAN RESNICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA ROSENFIELD | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOHN W SUTTER | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TIM TYNAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEHRNAZ NAZ VAHID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MRS SHIRLEY FITERMAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY MUNROE | DIRECTOR Trustee or director | 10 | $0 | $337,490 | $59,175 |
| KAREN WILSON-STEVENSON | COO Trustee or director, Officer | 35 | $0 | $169,534 | $13,563 |
| JULIO IZQUIERDO | DIRECTOR Trustee or director | 10 | $0 | $103,681 | $47,329 |
| ELIZABETH MARGARITIS BUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANIKO N DELANEY | VICE CHAIR (THRU 11/22) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOHN DUNLEAVY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL FISSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MILES FITERMAN II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN FITERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA GATTI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH C GOSLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA LINDSAY DHSC | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLAUDIA MCNAMEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN T ODERMATT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY J PORTANESE | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| JONATHAN RESNICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA ROSENFIELD | VICE CHAIR (3/23) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOHN W SUTTER | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TIM TYNAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEHRNAZ NAZ VAHID | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MRS SHIRLEY FITERMAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 199 CHAMBERS ST, NEW YORK, NY 10007-1044
- In care of
- % ELENA SAMUELS C/O THE BMCC F
- Principal officer (990 for 2024)
- KAREN WILSON-STEVENSON, 199 CHAMBERS STREET, NEW YORK, NY 10007
- Signed the 990
- KAREN WILSON-STEVENSON, COO/VP OFFICE FOR INSTITUTIONAL ADV
- Phone
- (212) 220-8017
- Website
- WWW.BMCC.CUNY/FOUNDATION
- Return prepared by
- EFPR ADVISORY LLC
Mission
THE MISSION OF THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE FOUNDATION IS TO ACQUIRE AND STEWARD FINANCIAL RESOURCES NEEDED TO SUPPORT STUDENT SCHOLARSHIPS AND BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENT AND FACULTY PROGRAMS BY DEVELOPING AND STRENGTHENING RELATIONSHIPS WITH PHILANTHROPICALLY INCLINED INDIVIDUALS, FOUNDATIONS, ALUMNI, GOVERNMENT, COMMUNITY ORGANIZATIONS, AND BUSINESSES.
Program accomplishments
- SCHOLARSHIPS - THE BMCC FOUNDATION GRANTED NUMEROUS SCHOLARSHIPS AND EMERGENCY GRANTS TO BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENTS.Expenses $1,474,380 · grants $1,474,380
- THE FOUNDATION FUNDS VARIOUS PROGRAMS THAT BENEFIT STUDENTS, FACULTY AND COLLEGE COMMUNITYExpenses $1,311,962
- THE FOUNDATION PROVIDES EMERGENCY GRANT FUNDS TO THE BOROUGH OF MANHATTAN COMMUNITY COLLEGE STUDENTS.Expenses $535,909 · grants $535,909
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
- 51-0187969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $29,314,752
- Income (IRS master file)
- $6,967,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,909,638 | $3,474,662 | $29,314,752 | XML |
| 990 | June 2024 | $1,665,314 | $3,769,656 | $27,550,109 | XML |
| 990 | June 2023 | $3,281,977 | $2,805,751 | $27,002,127 | XML |
| 990 | June 2022 | $4,854,276 | $1,885,487 | $24,527,026 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 51-0187969).
Questions about BMCC FOUNDATION INC
- What is the EIN of BMCC FOUNDATION INC?
- The employer identification number (EIN) of BMCC FOUNDATION INC is 51-0187969.
- Is BMCC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to BMCC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BMCC 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 BMCC 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 BMCC 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 BMCC FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KAREN WILSON-STEVENSON.
- Who are the officers and directors of BMCC FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 0 received compensation from the organization.
- How much revenue does BMCC FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,909,638, expenses of $3,474,662 and total assets of $29,314,752 at year end.
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