Chemeketa Community College Foundation
- Assets
- $8.4m
- Revenue
- $1.3m
- Investments
- $63.7k
- Employees
- 0
- Location
- Salem, OR
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 93-6097106
Organization Overview
Chemeketa Community College Foundation is located in Salem, OR. The organization was established in 1974. 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. Chemeketa 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, Chemeketa Community College Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.0m 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
IN PARTNERSHIP WITH CHEMEKETA COMMUNITY COLLEGE, THE MISSION OF THE CHEMEKETA COLLEGE FOUNDATION IS TO RAISE FUNDS TO SUPPORT THE COLLEGE IN MEETING THE NEEDS OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED STUDENTS WITH 350 SCHOLARSHIPS TO CONTINUE WITH THEIR EDUCATIONAL OBJECTIVES.
THE FOUNDATION RECEIVES AND CONTRIBUTES EQUIPMENT TO THE COLLEGE.
THE FOUNDATION PROVIDED STUDENTS WITH 350 SCHOLARSHIPS TO CONTINUE WITH THEIR EDUCATIONAL OBJECTIVES.
THE FOUNDATION RECEIVES AND CONTRIBUTES EQUIPMENT TO THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hofstetter Vice President (since 4/2021) | OfficerTrustee | 1 | $0 |
Betty O'brien President | OfficerTrustee | 1 | $0 |
Dr Selma Pierce Vice President (until 12/2020) | OfficerTrustee | 1 | $0 |
Brenna Baucum Treasurer | OfficerTrustee | 1 | $0 |
Maria Schmidlkofer Secretary | OfficerTrustee | 1 | $0 |
Marie Hulett Executive Director Of Institutional Advancement | Officer | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,171,969 |
| Noncash contributions included in lines 1a–1f | $263,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,469 |
| Total Program Service Revenue | $0 |
| Investment income | $159,446 |
| 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 | $1,337,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,534 |
| Grants and other assistance to domestic individuals. | $483,475 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $53,962 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,011,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $607,372 |
| Pledges and grants receivable | $62,412 |
| Accounts receivable, net | $2,375 |
| 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 | $7,699,289 |
| Investments—other securities | $63,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,435,146 |
| Accounts payable and accrued expenses | $4,835 |
| 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 | $25,947 |
| Total liabilities | $30,782 |
| Net assets without donor restrictions | $388,449 |
| Net assets with donor restrictions | $8,015,915 |
| 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 | $8,435,146 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Chemeketa Community College Foundation has recieved totaling $96,204.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $23,971 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Scholarship | $20,000 |
Hillside Foundation A Nonprofit Corporation McMinnville, OR PURPOSE: COLLEGE SCHOLARSHIPS | $18,000 |
Salem Foundation Pioneer Trust Company Trustee Salem, OR PURPOSE: GENERAL | $12,046 |
Midland Area Community Foundation Midland, MI PURPOSE: ARTS/EDUCATIONAL | $10,000 |
Albert L And Ivy B Thomas Educational Fund Milwaukee, WI PURPOSE: SCHOLARSHIP | $6,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Catholic Conference Rosemead, CA | $14,719,601 | $8,362,126 |
Santa Rosa Junior College Foundation Santa Rosa, CA | $83,645,868 | $13,273,412 |
Community College League Of California Sacramento, CA | $16,797,300 | $8,884,126 |
School Of Urban Missions El Dorado Hills, CA | $18,208,954 | $5,296,845 |
Hartnell College Foundation Salinas, CA | $52,076,041 | $13,024,147 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
Kern Community College District Public Facilities Corporation Bakersfield, CA | $1 | $2,592,853 |
Lane Community College Foundation Eugene, OR | $21,564,945 | $4,092,678 |
Truckee Meadows Community College Foundation Reno, NV | $4,471,323 | $3,119,437 |
Foundation Of City College Of San Francisco San Francisco, CA | $28,769,668 | $3,725,896 |
South Puget Sound Community College Foundation Olympia, WA | $16,405,251 | $11,563,000 |