Orange Coast College Foundation
- Assets
- $45.2m
- Revenue
- $13.3m
- Investments
- $27.5k
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 01/1985
- Data as of
- 06/2021
- EIN
- 33-0071349
Organization Overview
Orange Coast College Foundation is located in Costa Mesa, CA. The organization was established in 1985. 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. Orange Coast 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, Orange Coast College Foundation generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ASSIST THE EDUCATIONAL PROGRAMS OF ORANGE COAST COLLEGE.
Describe the Organization's Program Activity:
PROVIDED SUPPORT TO THE MARINE PROGRAM AT ORANGE COAST COLLEGE OF SAILING AND SEAMANSHIP, ONE OF THE NATION'S LARGEST NONPROFIT PUBLIC BOATING EDUCATION INSTITUTIONS WITH A FLEET OF POWER AND SAILBOATS COMPRISED OF DONATED VESSELS AND THOSE PURCHASES FROM PROCEEDS OF OTHER GIFTS.
PROVIDED MONETARY SUPPORT TO VARIOUS PROGRAMS RELATED TO THE ARTS, ATHLETICS AND VISUAL ARTS.
AWARDED SCHOLARSHIPS TO APPROXIMATELY 612 STUDENTS ATTENDING ORANGE COAST COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $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 | $11,891,391 |
| Noncash contributions included in lines 1a–1f | $10,589,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,891,391 |
| Total Program Service Revenue | $12,056 |
| Investment income | $465,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$372,274 |
| Net Gain/Loss on Asset Sales | $1,058,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,270,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $563,870 |
| 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 | $322,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,724 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,542 |
| Fees for services: Other | $527,528 |
| Advertising and promotion | $17,626 |
| Office expenses | $100,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,455 |
| Travel | $2,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,801,955 |
| Insurance | $22,374 |
| All other expenses | $764,758 |
| Total functional expenses | $5,711,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,475,333 |
| Savings and temporary cash investments | $590,860 |
| Pledges and grants receivable | $48,866 |
| Accounts receivable, net | $5,425 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $14,140,454 |
| Investments—publicly traded securities | $28,295,865 |
| Investments—other securities | $27,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,046 |
| Total assets | $45,211,375 |
| Accounts payable and accrued expenses | $79,596 |
| 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 | $378,542 |
| Total liabilities | $458,138 |
| Net assets without donor restrictions | $963,540 |
| Net assets with donor restrictions | $43,789,697 |
| 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 | $45,211,375 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Orange Coast College Foundation has recieved totaling $670,322.
| Awarding Organization | Amount |
|---|---|
Gross Family Charitable Foundation Laguna Beach, CA PURPOSE: GENERAL DONATION | $450,000 |
Jewish Community Foundation Of Orange County Irvine, CA PURPOSE: DONATION | $54,155 |
Rallis Foundation Newport Beach, CA PURPOSE: GENERAL CONTRIBUTION | $35,000 |
Mccord Family Foundation Inc Los Angeles, CA PURPOSE: GENERAL FUND | $27,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $22,967 |
Jennie V Foundation Under Marie A Cook Tr Dtd March 22 1985 Newport Beach, CA PURPOSE: SCHOOL OF SALING SEAMANSHIP | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |