Brookdale Community College Foundation Trust

Organization Overview

Brookdale Community College Foundation Trust is located in Lincroft, NJ. The organization was established in 1973. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookdale Community College Foundation Trust 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, Brookdale Community College Foundation Trust generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 14.5% 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

THE MISSION OF THE FOUNDATION IS TO HELP STUDENTS ACHIEVE THEIR DREAM OF EARNING A COLLEGE DEGREE. THE FOUNDATION SOLICITS PRIVATE FUNDING FROM INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND PRIVATE FOUNDATIONS TO SUPPORT AND FUND STUDENT SCHOLARSHIPS AND GRANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL AID TO BROOKDALE COMMUNITY COLLEGE STUDENTS IN THE FORM OF SCHOLARSHIPS AND AWARDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$23,400
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,207,229
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,230,629
Total Program Service Revenue$0
Investment income $1,098,194
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,374,733

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Brookdale Community College Foundation Trust has recieved totaling $20,000.

Awarding OrganizationAmount
Stone Foundation Of New Jersey

Leonardo, NJ

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,284,411
Earnings$186,575
Ending Balance$2,470,986

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