Lehigh Carbon Community College Foundation
- Assets
- $24.2m
- Revenue
- $2.8m
- Investments
- $497.0k
- Employees
- 0
- Location
- Schnecksville, PA
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 23-7454575
Organization Overview
Lehigh Carbon Community College Foundation is located in Schnecksville, PA. The organization was established in 1992. 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. Lehigh Carbon Community 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, Lehigh Carbon Community College Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CONTINUED GOAL IS TO SERVE THE BEST INTEREST OF OUR STUDENTS AND TO IMPROVE THEIR CHANCES FOR SUCCESS THROUGH ENCOURAGING COLLEGE READINESS; DEVELOPING SCHOOL DISTRICT, WORKFORCE, AND COMMUNITY PARTNERS; BROADENING THE UNDERSTANDING AND APPLICATION OF BEST PRACTICES IN ENROLLMENT MANAGEMENT; FOSTERING STUDENT LEARNING, STUDENT DEVELOPMENT, ACADEMIC SUCCESS, AND PERSISTENCE TO GOAL ATTAINMENT; ENSURING A DIVERSE AND INCLUSIVE ENVIRONMENT TO FACILITATE STUDENT LEARNING AND ENGAGEMENT; AND ACTING RESPONSIBLY AND ETHICALLY IN THE STEWARDSHIP AND DEVELOPMENT OF INSTITUTIONAL RESOURCES.THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION PROVIDES FINANCIAL SUPPORT AS FOLLOWS ANNUALLY: GRANTS: ANNUAL OPERATING STUDENT SCHOLARSHIPS GRANTS FOR PROGRAM SUPPORT ENDOWMENTS SERVICES FOR STUDENTS WITH DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Hewes Vice Chair | OfficerTrustee | 0.1 | $0 |
Robin Flores Secretary | OfficerTrustee | 0.1 | $0 |
Annabelle Creveling Trustee Representative | OfficerTrustee | 0.1 | $0 |
Bernard Lesavoy Chairperson | OfficerTrustee | 0.1 | $0 |
Richard Kern Treasurer | OfficerTrustee | 0.1 | $0 |
Silvia Maldonado-Vargas Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,724 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $687,036 |
| Noncash contributions included in lines 1a–1f | $8,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,760 |
| Total Program Service Revenue | $0 |
| Investment income | $1,401,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $525,925 |
| Net Gain/Loss on Asset Sales | $122,111 |
| Net Income from Fundraising Events | -$24,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,806,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $517,787 |
| Grants and other assistance to domestic individuals. | $470,119 |
| 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 | $69,311 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70 |
| 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 | $2,430 |
| All other expenses | $6,124 |
| Total functional expenses | $1,065,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $425,269 |
| Pledges and grants receivable | $12,500 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,929,740 |
| Investments—publicly traded securities | $18,330,281 |
| Investments—other securities | $496,980 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,194,770 |
| Accounts payable and accrued expenses | $157,081 |
| Grants payable | $0 |
| Deferred revenue | $5,204 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $753,169 |
| 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 | $41,000 |
| Total liabilities | $956,454 |
| Net assets without donor restrictions | $10,654,756 |
| Net assets with donor restrictions | $12,583,560 |
| 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 | $24,194,770 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Lehigh Carbon Community College Foundation has recieved totaling $396,479.
| Awarding Organization | Amount |
|---|---|
John E Morgan Foundation Inc New York, NY PURPOSE: SCHOLARSHIPS - LIST ATTACHED | $131,858 |
John E Morgan Foundation Inc New York, NY PURPOSE: SCHOLARSHIPS - LIST ATTACHED | $76,413 |
John E Morgan Foundation Inc New York, NY PURPOSE: SCHOLARSHIPS AND WORKFORCE TRAINING PROJECT | $50,000 |
Harry C Trexler Estate Allentown, PA PURPOSE: TO UNDERWRITE STUDENT AID, TECHNOLOGY AND OTHER CHALLENGES RELATED TO COVID-19. | $50,000 |
John A And Margaret Post Foundation Inc Mt Bethel, PA PURPOSE: CHARITABLE | $20,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $12,148,767 |
| Earnings | -$1,714,269 |
| Net Contributions | $318,698 |
| Other Expense | $52,000 |
| Ending Balance | $10,701,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |