Lake Tahoe Community College Foundation

Organization Overview

Lake Tahoe Community College Foundation is located in South Lake Tahoe, CA. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Lake Tahoe 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, Lake Tahoe Community College Foundation generated $666.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $354.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO WORK FOR EDUCATIONAL EXCELLENCE BY ASSISTING AND ENCOURAGING INVESTMENT IN THE DEVELOPMENT AND GROWTH OF EDUCATIONAL OPPORTUNITIES AT LAKE TAHOE COMMUNITY COLLEGE DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED TO STUDENTS OF LAKE TAHOE COMMUNITY COLLEGE DISTRICT. THE SOURCE OF THESE FUNDS IS A COMBINATION OF UNRESTRICTED AND RESTRICTED DONATIONS.


CONTRIBUTIONS TO COLLEGE DEPARTMENTS IN ORDER TO SUPPORT STUDENT ACTIVITIES, EDUCATIONAL PROJECTS, AND TECHNOLOGICAL UPGRADES. THE SOURCE OF THESE FUNDS IS A COMBINATION OF UNRESTRICTED AND RESTRICTED DONATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Russi L Egan
Treasurer
$0
Jeff Defranco
Secretary
$0
Nancy Harrison
Executive Dir.
$0
Walter Morris PHD
Trustee
$0
Adele Lucas
President
$0
Ron Alling
Trustee
$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$491,470
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$491,470
Total Program Service Revenue$0
Investment income $113,432
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $61,307
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $666,209

Grants Awarded

Over the last fiscal year, Lake Tahoe Community College Foundation has awarded $3,354,139 in support to 2 organizations.

Grant RecipientAmount

LAKE TAHOE COMMUNITY COLLEGE

PURPOSE: UNIVERSITY CENTER

$3,290,168

LAKE TAHOE COMMUNITY COLLEGE

PURPOSE: CONTRIBUTIONS TO COLLEGE DEPARTMENT

$63,971
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lake Tahoe Community College Foundation has recieved totaling $3,000.

Awarding OrganizationAmount
W James And Jane K Truettner Foundation

Crested Butte, CO

PURPOSE: EDUCATIONAL

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,622,864
Earnings-$347,008
Admin Expense$8,501
Net Contributions$383,020
Other Expense$477,695
Ending Balance$3,172,680

Peer Organizations

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