Umpqua College Foundation
- Assets
- $15.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseburg, OR
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 23-7287018
Organization Overview
Umpqua College Foundation is located in Roseburg, OR. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Umpqua College Foundation 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, Umpqua College Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $894.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (27.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO ENCOURAGE, RECEIVE, AND ADMINISTER GIFTS AND BEQUESTS FOR THE SUPPORT AND BENEFIT OF UMPQUA COMMUNITY COLLEGE AND ITS STUDENTS. THE FOUNDATION RAISES AND DONATES FUNDS FOR SCHOLARSHIPS, FACILITIES ENHANCEMENT AND OTHER PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS TO STUDENTS OF UMPQUA COMMUNITY COLLEGE.
ASSISTANCE TO UMPQUA COMMUNITY COLLEGE AND ITS STUDENTS FOR PROGRAM SUPPORT.
SCHOLARSHIPS AND GRANTS TO STUDENTS OF UMPQUA COMMUNITY COLLEGE.
ASSISTANCE TO UMPQUA COMMUNITY COLLEGE AND ITS STUDENTS FOR PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Palm President | OfficerTrustee | 1 | $0 |
Derek Simmons Vice Preside | OfficerTrustee | 1 | $0 |
Aden Bliss Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Coleman Exec Directo | Officer | 2.5 | $0 |
Ellen Brown Dir. Of Oper | Officer | 40 | $0 |
Neal Brown Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $140 |
| Related organizations | $0 |
| Government grants | $500 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,635 |
| Noncash contributions included in lines 1a–1f | $250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,275 |
| Total Program Service Revenue | $0 |
| Investment income | $325,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,104,017 |
| Net Income from Fundraising Events | $17,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,862,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $416,885 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,080 |
| Information technology | $16,726 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,638 |
| All other expenses | $16,251 |
| Total functional expenses | $894,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,656 |
| Savings and temporary cash investments | $425,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,215 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,467,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $920,164 |
| Total assets | $15,856,758 |
| Accounts payable and accrued expenses | $7,784 |
| Grants payable | $117,582 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $308,586 |
| Total liabilities | $433,952 |
| Net assets without donor restrictions | $539,659 |
| Net assets with donor restrictions | $14,883,147 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,856,758 |
Grants Awarded
Over the last fiscal year, Umpqua College Foundation has awarded $240,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UMPQUA COMMUNITY COLLEGE PURPOSE: 10/1 MEMORIAL | $80,000 |
UMPQUA COMMUNITY COLLEGE PURPOSE: 10/1 MEMORIAL | $80,000 |
UMPQUA COMMUNITY COLLEGE PURPOSE: CASA RENOVATION | $40,000 |
UMPQUA COMMUNITY COLLEGE PURPOSE: CASA RENOVATION | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Umpqua College Foundation has recieved totaling $240,000.
| Awarding Organization | Amount |
|---|---|
John & Jean Loosley Charitable Foundation Trust Roseburg, OR PURPOSE: CAPITAL CAMPAIGN FUND | $150,000 |
Briggs Loosley Foundation Roseburg, OR PURPOSE: EMPLOYEE GIVING CAMPAIGN, TRACK PLEDGE, GENERAL FUND | $90,000 |
Endowment Analysis
| Beg. Balance | $10,877,232 |
| Earnings | $3,767,520 |
| Admin Expense | $357,912 |
| Net Contributions | $59,301 |
| Other Expense | $69,790 |
| Grants | $232,108 |
| Ending Balance | $14,044,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |