Washtenaw Community College Foundation
- Assets
- $29.3m
- Revenue
- $2.1m
- Investments
- $28.3m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 38-2575395
Organization Overview
Washtenaw Community College Foundation is located in Ann Arbor, MI. The organization was established in 1985. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Washtenaw 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, Washtenaw Community College Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 8.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GIVE HOPE AND SUPPORT TO WASHTENAW COMMUNITY COLLEGE STUDENTS THROUGH SCHOLARSHIPS AND OTHER PHILANTHROPIC SUPPORT.
Describe the Organization's Program Activity:
THE FOUNDATION IS ORGANIZED TO PROVIDE GIFTS AND GRANTS TO WASHTENAW COMMUNITY COLLEGE AND TO ITS STUDENTS, FACULTY AND STAFF IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF WASHTENAW COMMUNITY COLLEGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Boonin Chair | OfficerTrustee | 3 | $0 |
Katherine Farrell Chair-Emerit | OfficerTrustee | 1 | $0 |
Bhushan Kulkarni Secretary | OfficerTrustee | 2 | $0 |
Cindy Byrne Treasurer | OfficerTrustee | 2 | $0 |
Alex Milshteyn Chair Elect | OfficerTrustee | 2 | $0 |
Dr Rose Bellanca Wcc Presiden | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,937 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,073,426 |
| Noncash contributions included in lines 1a–1f | $529,756 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,153,363 |
| Total Program Service Revenue | $0 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $408 |
| Net Income from Fundraising Events | -$39,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,130,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,553,502 |
| 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 | $68,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,078 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,321 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,762 |
| Office expenses | $368 |
| Information technology | $27,761 |
| 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 | $1,094 |
| All other expenses | $5,254 |
| Total functional expenses | $1,803,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $98,171 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,802 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,339,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,939 |
| Total assets | $29,277,550 |
| Accounts payable and accrued expenses | $67,212 |
| 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 | $125,382 |
| Total liabilities | $192,594 |
| Net assets without donor restrictions | $1,950,748 |
| Net assets with donor restrictions | $27,134,208 |
| 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 | $29,277,550 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Washtenaw Community College Foundation has recieved totaling $283,107.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Area Community Foundation Ann Arbor, MI PURPOSE: EDUCATION/INSTRUCTION | $155,527 |
Speyer Foundation Detroit, MI PURPOSE: IN MEMORY OF THOMAS AND | $39,982 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,750 |
Seth Bonder Foundation Independence, OH PURPOSE: CAPITAL CAMPAIGN - $10,000 | $10,000 |
Graco Foundation Minneapolis, MN PURPOSE: SCHOLARSHIP AWARDS | $10,000 |
Endowment Analysis
| Beg. Balance | $28,418,020 |
| Earnings | -$2,639,483 |
| Net Contributions | $1,677,203 |
| Grants | $1,106,258 |
| Ending Balance | $26,349,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Baker College Flint, MI | $17,958,758 | $9,486,714 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |
Delta College Foundation University Center, MI | $1,992,755 | $2,619,212 |
Alpena Community College Foundation Alpena, MI | $9,851,824 | $3,064,621 |
Washtenaw Community College Foundation Ann Arbor, MI | $29,277,550 | $2,130,032 |
Kalamazoo Valley Community College Foundation Kalamazoo, MI | $35,775,413 | $2,600,005 |
Kalamazoo Valley Community College Holding Company Kalamazoo, MI | $1,050,776 | $291 |