Truckee Meadows Community College Foundation

Organization Overview

Truckee Meadows Community College Foundation is located in Reno, NV. The organization was established in 1984. 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. Truckee Meadows 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, Truckee Meadows Community College Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Truckee Meadows Community College Foundation has awarded 18 individual grants totaling $27,419,730. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SUPPORTS TMCC BY CULTIVATING RELATIONSHIPS WITH ALUMNI, DONORS, AND BUSINESSES TO GENERATE FINANCIAL SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS, BUILD SUSTAINING ENDOWMENT FUNDS, AND LEAD CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED SUPPORT TO TMCC FOR SPECIALIZED PROGRAMS AND CAPITAL CAMPAIGNS TO SUPPORT A DIVERSIFIED CURRICULUM AND PROVIDE STUDENTS WITH TECHNICAL CERTIFICATIONS TO IMPROVE ACCESS TO EMPLOYMENT. MAJOR PROGRAM ACCOMPLISHMENTS DURING THE YEAR INCLUDE EXPANSIONS OF THE VETERINARY TECHNICIAN PROGRAMS, NURSING AND EMERGENCY MEDICAL SERVICES PROGRAMS, HIGH SCHOOL DUAL CREDIT PROGRAMS THAT INCLUDE ACE HIGH SCHOOL STUDENTS, ENHANCEMENTS TO THE NEW SPORTS AND FITNESS CENTER INCLUDING THE NAMING OF JOES GYM, AND MAJOR RENOVATIONS AND EXPANSIONS FOR THE CERTIFIED NURSING ASSISTANT AND DENTAL PROGRAMS.


THE FOUNDATION INCREASED THE ENDOWMENT FUNDS THAT PROVIDE ON-GOING SUPPORT FOR SCHOLARSHIPS AND FUNDED 862 SCHOLARSHIPS AWARDED TO 679 STUDENTS FOR THE 2020/2021 ACADEMIC YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Jesse Murray
Chair
$0
Yanus Nelson
Treasurer
$0
Mindy Lokshin
Vice Chair
$0
Gretchen Sawyer
Executive Director
$0
Alan Olive
Board Member
$0
Cary Groth
Board Member
$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$3,100,518
Noncash contributions included in lines 1a–1f $45,612
Total Revenue from Contributions, Gifts, Grants & Similar$3,100,518
Total Program Service Revenue$0
Investment income $18,919
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,119,437

Grants Awarded

Over the last fiscal year, Truckee Meadows Community College Foundation has awarded $2,023,879 in support to 2 organizations.

Grant RecipientAmount

TRUCKEE MEADOWS COMMUNITY COLLEGE

Org PageRecipient Profile

Reno, NV

PURPOSE: Specialized programs and faculty grants

$1,035,071

TRUCKEE MEADOWS COMMUNITY COLLEGE

Org PageRecipient Profile

Reno, NV

PURPOSE: Scholarships and endowments

$988,808
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Truckee Meadows Community College Foundation has recieved totaling $395,390.

Awarding OrganizationAmount
Windsong Tr

Manhattan Beach, CA

PURPOSE: EDUCATIONAL PROGRAM SUPPORT FOR K-12 STUDENTS

$250,000
Community Foundation Of Western Nevada

Reno, NV

PURPOSE: 1971 Society

$59,871
Educational Ventures Inc

Princeton, NJ

PURPOSE: GENERAL SUPPORT

$30,000
Support Education And Employment For Vets

Scottsdale, AZ

PURPOSE: SCHOLARSHIP

$20,250
Catholic Charities Of Northern Nevada

Reno, NV

PURPOSE: Immigration Case Work

$11,769
Bretzlaff Foundation Inc

Reno, NV

PURPOSE: SCHOLARSHIPS

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$578,339
Earnings$110,115
Ending Balance$688,454

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