Community College Of Allegheny County-Education Foundation
- Assets
- $36.6m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1980
- Data as of
- 06/2022
- EIN
- 25-1384469
Organization Overview
Community College Of Allegheny County-Education Foundation is located in Pittsburgh, PA. The organization was established in 1980. 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. Community College Of Allegheny County-Education 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, Community College Of Allegheny County-Education Foundation generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 22.4% 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE COMMUNITY COLLEGE OF ALLEGHENY COUNTY EDUCATIONAL FOUNDATION IS TO RAISE FUNDS, MANAGE ASSETS AND DISTRIBUTE RESOURCES IN SUPPORT OF THE COMMUNITY COLLEGE OF ALLEGHENY COUNTY'S MISSION OF OPEN ACCESS TO QUALITY EDUCATION AND WORKFORCE DEVELOPMENT TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Wojanis Secretary | OfficerTrustee | 1 | $0 |
Rachel Lorey Allen Chair | OfficerTrustee | 1 | $0 |
Christopher S Keller Treasurer | OfficerTrustee | 1 | $0 |
Kevin Mckeegan Vice Chair | OfficerTrustee | 1 | $0 |
James R Mcmahon Executive Director | Officer | 40 | $0 |
Norman Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,370 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,125,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,129,318 |
| Total Program Service Revenue | $0 |
| Investment income | $324,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,926,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,016,281 |
| Grants and other assistance to domestic individuals. | $987,583 |
| 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 | $227,228 |
| 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 | $26,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,072 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $272 |
| 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 | $14,746 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,892 |
| All other expenses | $0 |
| Total functional expenses | $10,333,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,983,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,938,909 |
| 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 | $0 |
| Investments—publicly traded securities | $22,723,901 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,645,920 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,313,635 |
| 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 | $350,569 |
| Total liabilities | $1,664,204 |
| Net assets without donor restrictions | $4,714,433 |
| Net assets with donor restrictions | $30,267,283 |
| 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 | $36,645,920 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Community College Of Allegheny County-Education Foundation has recieved totaling $2,626,427.
| Awarding Organization | Amount |
|---|---|
Hillman Family Foundations Pittsburgh, PA PURPOSE: CAPITAL CAMPAIGN PIONEERING PITTSBURGH'S NEW WORKFORCE | $1,000,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO DRAMATICALLY INCREASE THE CAPACITY OF COMMUNITY COLLEGE OF ALLEGHENY COUNTY TO CONNECT STUDENTS TO HIGH-DEMAND INDUSTRIES, ADDRESS OUR REGION'S WORKER SHORTAGE, AND BRING MORE WORKFORCE TRAINING OPPORTUNITIES TO PITTSBURGH'S URBAN COMMUNITIES | $1,000,000 |
Highmark Health Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $500,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $64,324 |
Posner Foundation Of Pittsburgh Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $25,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO HIRE ART CONSULTANT, CASEY DROEGE, FOR THE INTEGRATION OF LOCAL ART THROUGHOUT INDOOR AND OUTDOOR LOCATIONS OF THE NEW WORKFORCE DEVELOPMENT AND TRAINING CENTER ON THE ALLEGHENY CAMPUS | $25,000 |
Endowment Analysis
| Beg. Balance | $8,366,063 |
| Earnings | -$2,938,655 |
| Net Contributions | $10,616,910 |
| Other Expense | -$2,034,635 |
| Ending Balance | $18,078,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Foundation Of The State University Of New York At Binghamton Inc Binghamton, NY | $286,478,699 | $29,318,635 |
New York University School Of Law Foundation New York, NY | $145,376,406 | $16,902,006 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |