Westmoreland County Community College Educational Foundation Inc
- Assets
- $7.0m
- Revenue
- $933.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Youngwood, PA
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 25-1511934
Organization Overview
Westmoreland County Community College Educational Foundation Inc is located in Youngwood, PA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Westmoreland County Community College Educational Foundation Inc 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, Westmoreland County Community College Educational Foundation Inc generated $933.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $517.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BROADEN AND EXTEND THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS BY AWARDING SCHOLARSHIPS AND GRANTS. THE WESTMORELAND COUNTY COMMUNITY COLLEGE (WCCC) EDUCATION FOUNDATION INC., ASSISTS WESTMORELAND COUMMUNITY COLLEGE AND THE ADVANCEMENT OF PUBLIC HIGHER EDUCATION BY BROADENING THE BASE OF SUPPORT, CREATING AWARENESS AND KNOWLEDGE OF THE COLLEGE AND STRONGLY EMPHASIZING COMMUNICATIONS WITH THE PRIVATE DONORS AND PUBLIC AGENCIES. THE FOUNDATION UTILIZES "FRIEND RAISING," A WAY TO ESTABLISH SUSTAINABLE RELATIONSHIPS WITH PERSONS, FOUNDATIONS AND CORPORATIONS TO CREATE A WIDE VARIETY OF SUPPORT FOR THE COLLEGE. THROUGH FRIEND RAISING, ADVOCACY AND FUNDRAISING EFFORTS THE FOUNDATION SUSTAINS THE COLLEGE WITH FINANCIAL AND PERSONAL CONTRIBUTIONS FOR EDUCATION PROGRAMS FOR STUDENTS DEVELOPED BY THE COLLEGE COMMUNITY AND APPROVED BY THE BOARD OF TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTMORELAND COUNTY COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. PROVIDES FUNDING TO ENHANCE, IMPROVE, OR EXPAND THE EDUCATIONAL PROGRAMS, CURRICULUM, AND FACILITIES OF WESTMORELAND COUNTY COMMUNITY COLLEGE.
WESTMORELAND COUNTY COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. PROVIDES AND AWARDS SCHOLARSHIPS OR GRANTS TO STUDENTS OF WESTMORELAND COUNTY COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buck Helfferich President | OfficerTrustee | 2 | $0 |
Terry Wiltrout Vice President | OfficerTrustee | 2 | $0 |
Jason Reynolds Treasurer | OfficerTrustee | 2 | $0 |
Jeff Smail Secretary | OfficerTrustee | 2 | $0 |
Greg Rose Ex Officio, VP Of Administ | Officer | 1 | $0 |
Debra D Woods Ex-Officio, Executive Dire | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,739 |
| Related organizations | $240,598 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,339 |
| Total Program Service Revenue | $0 |
| Investment income | $72,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $933,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,794 |
| Grants and other assistance to domestic individuals. | $101,834 |
| 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 | $24,369 |
| Fees for services: Other | $8,281 |
| Advertising and promotion | $0 |
| Office expenses | $1,331 |
| 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 | $0 |
| All other expenses | $8,058 |
| Total functional expenses | $517,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,317,023 |
| Pledges and grants receivable | $290,296 |
| 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 | $3,421,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,028,697 |
| Accounts payable and accrued expenses | $0 |
| 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 | $611,307 |
| Total liabilities | $611,307 |
| Net assets without donor restrictions | $618,779 |
| Net assets with donor restrictions | $5,798,611 |
| 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 | $7,028,697 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Westmoreland County Community College Educational Foundation Inc has recieved totaling $60,250.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $30,250 |
The Paul And Anne Smiy Family Foundation Chesterfield, VA PURPOSE: ANNUAL SCHOLARSHIPS, SUPPORT CHEMISTRY LABS RENOVATION, PUBLIC SAFETY TRAINING CENTER | $30,000 |
Endowment Analysis
| Beg. Balance | $3,924,150 |
| Earnings | -$194,836 |
| Admin Expense | $24,042 |
| Net Contributions | $85,880 |
| Ending Balance | $3,791,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |