Anne Arundel Community College Foundation Inc

Organization Overview

Anne Arundel Community College Foundation Inc is located in Arnold, MD. The organization was established in 1968. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Anne Arundel Community College 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, Anne Arundel Community College Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Anne Arundel Community College Foundation Inc has awarded 21 individual grants totaling $16,269,522. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SECURE PRIVATE FUNDS THAT INCREASE ACCESS TO HIGHER EDUCATION AND SUPPORT AACC PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF COLLEGE PROGRAMS:THE FOUNDATION'S FOCUS HAS HISTORICALLY BEEN ON PROVIDING SCHOLARSHIPS TO ANNE ARUNDEL COMMUNITY COLLEGE STUDENTS, WHICH REMAINS ONE OF THE FOUNDATION'S PRIMARY PURPOSES. HOWEVER, AS THE COMPLEXITIES OF A 21ST CENTURY EDUCATION INCREASE, ADDITIONAL RESOURCES IN AREAS SUCH AS TECHNOLOGY, EQUIPMENT, DEPARTMENTAL SUPPORT, FACILITIES, STUDENT ENRICHMENT AND INNOVATION HELP PROTECT THE COLLEGE'S POSITION OF STRENGTH. GENEROUS CONTRIBUTIONS TO THE AACC FOUNDATION ALLOW THE FOUNDATION TO PROVIDE FUNDING FOR SUCH NEEDS THAT CANNOT BE MET BY THE COLLEGE'S ANNUAL BUDGET. SEE SCHEDULE O FOR ADDITIONAL DETAILS ON PROGRAM SUPPORT DISBURSED IN THE CURRENT YEAR.THESE CONTRIBUTIONS PROTECT THE COLLEGE'S MARGIN OF EXCELLENCE AND ENSURE A REGIONAL VITALITY POWERED BY AN EDUCATED CITIZENRY AND WORKFORCE.THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION DONATED THE CLAUSON CENTER FOR INNOVATION AND SKILLED TRADES BUILDING TO ANNE ARUNDEL COMMUNITY COLLEGE. THE CLAUSON CENTER WILL ADDRESS THE GROWING NEED FOR SKILLED TRADE WORKERS IN THE COMMUNITY. PROGRAMS AT THE CLAUSON CENTER FOR INNOVATION AND SKILLED TRADES WILL SUPPORT THE DEVELOPMENT OF THOSE WITH TALENT AND ABILITIES TO EXCEL IN THESE FIELDS. THE NEARLY 11,500 SQ FT BUILDING IS DESIGNED TO ACCOMMODATE DYNAMIC PROGRAMMING THAT ADAPTS TO JOB MARKET DEMANDS. THERE WILL BE SIX INAUGURAL PROGRAMS OF ELECTRICAL, FORKLIFT OPERATOR, HVAC, PLUMBING, WELDING AND GENERAL CONTRACTING WITH THE POSSIBILITY OF EXPANDING THE FACILITY BASED ON THE DEMANDS OF THE WORKFORCE.


SCHOLARSHIPS:ANNE ARUNDEL COMMUNITY COLLEGE (AACC) IS ONE OF THE MOST AFFORDABLE COMMUNITY COLLEGES IN MARYLAND YET MANY CURRENT AND PROSPECTIVE AACC STUDENTS DEMONSTRATE FINANCIAL NEED AND REQUIRE FINANCIAL ASSISTANCE IN ORDER TO ENROLL AT THE COLLEGE. THE PRIVATELY FUNDED SCHOLARSHIP PROGRAM AT ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION, INC. PROVIDES THAT AID FOR HUNDREDS OF STUDENTS EACH YEAR.


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)Compensation
Frank R Campbell ESQ
President
$0
Dan Mathias
Vice President
$0
Rev Dr Diane Dixon-Proctor
Secretary
$0
Eric Keitz CPA
Treasurer
$0
Vollie Melson
Executive Director
$0
Cullen Murray
Immediate Past President
$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$2,889,481
Noncash contributions included in lines 1a–1f $25,488
Total Revenue from Contributions, Gifts, Grants & Similar$2,889,481
Total Program Service Revenue$1,256,390
Investment income $750,228
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$24,328
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,871,771

Grants Awarded

Over the last fiscal year, Anne Arundel Community College Foundation Inc has awarded $6,330,324 in support to 3 organizations.

Grant RecipientAmount

ANNE ARUNDEL COMMUNITY COLLEGE

PURPOSE: PROGRAM SUPPORT

$5,099,086

ANNE ARUNDEL COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$1,130,695

ANNE ARUNDEL COMMUNITY COLLEGE

PURPOSE: PROGRAM SUPPORT

$100,543
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Anne Arundel Community College Foundation Inc has recieved totaling $719,876.

Awarding OrganizationAmount
William E Seale Family Foundation

Annapolis, MD

PURPOSE: SUPPORT 501(C)(3) ORGANIZATION.

$200,000
Deerbrook Charitable Tr

New York, NY

PURPOSE: GENERAL EXEMPT PURPOSE

$135,000
Dunahoo Family Foundation Inc

Millersville, MD

PURPOSE: CHARITABLE

$100,000
Carol M Jacobsohn Foundation

Stuart, FL

PURPOSE: VOCATIONAL TRAINING & EXCELLENCE IN EDUCATION

$75,000
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: ENDOWMENT

$66,500
$37,714
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,741,659
Earnings-$1,637,118
Admin Expense$50,315
Net Contributions$227,471
Grants$212,434
Ending Balance$10,069,263

Create an account to unlock the data you need.

or