West Los Angeles College Foundation
- Assets
- $1.1m
- Revenue
- $620.9k
- Investments
- $399.4k
- Employees
- 0
- Location
- Culver City, CA
- Founding
- 03/1974
- Data as of
- 06/2022
- EIN
- 23-7351797
Organization Overview
West Los Angeles College Foundation is located in Culver City, CA. The organization was established in 1974. 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. West Los Angeles 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 06/2022, West Los Angeles College Foundation generated $620.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $144.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE STUDENTS AND PROGRAMS AT WEST LOS ANGELES COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE GENERAL WELFARE OF WEST LOS ANGELES COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF THE GOALS OF THE COLLEGE. IN ADDITION, ASSIST IN FULFILLING THE COLLEGE SERVICES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Kelly Treasurer | Officer | 10 | $0 |
Araceli Cole Secretary | Officer | 10 | $0 |
Linda Rose President | Officer | 15 | $0 |
Kim Etheredge Vice President | Officer | 10 | $0 |
Erik I Moreno Board Member | Trustee | 5 | $0 |
James M Limbaugh Ex-Officio Board Member | Trustee | 5 | $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 | $616,839 |
| Noncash contributions included in lines 1a–1f | $377,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,839 |
| Total Program Service Revenue | $0 |
| Investment income | $4,046 |
| 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 | $620,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,148 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,536 |
| All other expenses | $7,417 |
| Total functional expenses | $144,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $370,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $399,353 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,120,782 |
| Accounts payable and accrued expenses | $17,630 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $17,630 |
| Net assets without donor restrictions | $674,226 |
| Net assets with donor restrictions | $428,926 |
| 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 | $1,120,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Los Angeles College Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gordon Charitable Foundation Santa Monica, CA PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |