State Center Community College Foundation
- Assets
- $28.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 11/1987
- Data as of
- 06/2021
- EIN
- 77-0190269
Organization Overview
State Center Community College Foundation is located in Fresno, CA. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. State Center 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 06/2021, State Center Community College Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORTIVE SERVICES AND SPECIALIZED PROGRAMS FOR THE BENEFIT OF THE STATE CENTER COMMUNITY COLLEGE DISTRICT, TO INCLUDE BUT NOT TO BE LIMITED TO SOLICITATION AND RECEIPT OF GIFTS, PROPERTY, AND FUNDS TO BE USED FOR THE BENEFIT OF THE DISTRICT AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ASSISTANCE TO STUDENTS OF FRESNO CITY COLLEGE, CLOVIS COMMUNITY COLLEGE, REEDLEY COLLEGE, MADERA COMMUNITY COLLEGE AND MADERA COMMUNITY COLLEGE AT OAKHURST. THE ORGANIZATION'S REVENUE IS PRIMARILY FROM CONTRIBUTIONS. THE ORGANIZATION DOES NOT GENERATE ANY SERVICE REVENUE.
EDUCATIONAL SUPPORT EXPENDITURES AND FACULTY PROJECTS SUPPORTED BY OUTSIDE CONTRIBUTIONS.
ATHLETIC PROGRAM SUPPORT-IMPROVEMENT AND EXPANSION OF VARIOUS ATHLETIC PROGRAMS CONDUCTED BY FRESNO CITY COLLEGE, CLOVIS COMMUNITY COLLEGE AND REEDLEY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Cuttone President | OfficerTrustee | 1 | $0 |
Chris Morse Treasurer | OfficerTrustee | 1 | $0 |
Marilyn Behringer Vice President | OfficerTrustee | 1 | $0 |
Rico Guerrero Executive Dir. | Officer | 40 | $0 |
Scott Odell Member-At-Large | Trustee | 1 | $0 |
Consuelo Alvarado Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,401 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,759,968 |
| Noncash contributions included in lines 1a–1f | $8,302 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,830,369 |
| Total Program Service Revenue | $0 |
| Investment income | $439,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $878,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,274,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,676 |
| Grants and other assistance to domestic individuals. | $686,411 |
| 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 | $117,961 |
| Pension plan accruals and contributions | $19,848 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,518 |
| Fees for services: Other | $0 |
| Advertising and promotion | $625 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,855 |
| 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 | $3,298 |
| All other expenses | $43,724 |
| Total functional expenses | $1,433,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,501 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $187,191 |
| Accounts receivable, net | $7,466 |
| 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 | $27,878,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,574,823 |
| Accounts payable and accrued expenses | $82,804 |
| Grants payable | $0 |
| Deferred revenue | $236,000 |
| 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 | $0 |
| Total liabilities | $318,804 |
| Net assets without donor restrictions | $5,403,295 |
| Net assets with donor restrictions | $22,852,724 |
| 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 | $28,574,823 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that State Center Community College Foundation has recieved totaling $106,000.
| Awarding Organization | Amount |
|---|---|
College Futures Foundation Oakland, CA PURPOSE: DIRECTORS DONATION | $50,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $25,000 |
Arts Midwest Minneapolis, MN PURPOSE: Big Read | $15,000 |
Arts Midwest Minneapolis, MN PURPOSE: CARES Relief Funding | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Endowment Analysis
| Beg. Balance | $13,473,016 |
| Earnings | $2,625,541 |
| Net Contributions | $733,681 |
| Other Expense | $571,181 |
| Ending Balance | $16,261,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |