Cypress College Foundation Inc

Organization Overview

Cypress College Foundation Inc is located in Cypress, CA. The organization was established in 1973. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cypress College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cypress College Foundation Inc generated $774.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $826.7k during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE EDUCATIONAL EXCELLENCE BY SECURING RESOURCES AND PROMOTING PUBLIC AWARENESS OF CYPRESS COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED TO STUDENTS OF CYPRESS COLLEGE


FUNDS TO ASSIST THE EDUCATIONAL PROGRAMS OF CYPRESS COLLEGE


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Board, Officers & Key Employees

Name (title)Compensation
David Shawver
Past President
$0
Lanae O'shields
Secretary
$0
Ken Vecchiarelli
President
$0
Curtis Scheetz
Vice President
$0
Phil Wendel
Treasurer
$0
Howard Kummerman
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$547,387
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$547,387
Total Program Service Revenue$0
Investment income $80,565
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $89,704
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $774,617

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cypress College Foundation Inc has recieved totaling $57,700.

Awarding OrganizationAmount
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$24,700
$23,000
Kaiser Foundation Hospitals

Oakland, CA

PURPOSE: Radiologic Technology

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$941,219
Earnings-$154,072
Ending Balance$787,147

Peer Organizations

Organization NameAssets
Scripps College
Claremont, CA
$98,616,217
California College Of The Arts
San Francisco, CA
$107,701,190
Vanguard University Of So Ca
Costa Mesa, CA
$83,351,301
Harvey Mudd College
Claremont, CA
$77,731,780
The Masters University And Seminary
Santa Clarita, CA
$80,766,902
William Jessup University
Rocklin, CA
$60,123,299
Pitzer College
Claremont, CA
$62,327,201
Pacific Union College
Angwin, CA
$48,958,321
Menlo College
Atherton, CA
$52,004,358
Corban University
Salem, OR
$40,955,830
Arizona Christian University
Glendale, AZ
$41,715,936
Simpson University
Redding, CA
$43,472,556

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