Foothill-De Anza Community Colleges Foundation
- Assets
- $58.6m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 94-3258220
Organization Overview
Foothill-De Anza Community Colleges Foundation is located in Los Altos Hills, CA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foothill-De Anza Community Colleges 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, Foothill-De Anza Community Colleges Foundation generated $6.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT THE STUDENTS AND THE EDUCATIONAL EXCELLENCE OF FOOTHILL COLLEGE AND DE-ANZA COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND FACULTY SUPPORT: THE FOOTHILL-DE ANZA FOUNDATION IS COMMITTED TO PROMOTING THE HIGHEST LEVELS OF STUDENT SUCCESS. THROUGH CHARITABLE GIFTS AND DONATIONS, THE ORGANIZATION IS ABLE TO PROVIDE FINANCIAL ASSISTANCE THAT ALLOWS THOUSANDS OF STUDENTS TO ADVANCE THEIR POSTSECONDARY EDUCATION. DURING THE FISCAL YEAR ENDING JUNE 30, 2021, THE ORGANIZATION WAS ABLE TO PROVIDE OVER 500 SCHOLARSHIPS TO STUDENTS. ADDITIONALLY, GIFTS TO THE FOUNDATION SUPPORT STUDENT BASIC NEEDS SUCH AS EACH COLLEGE'S FOOD PANTRY AS WELL AS SUPPORT FACULTY IN DEVELOPING NEW CURRICULUM THAT ENCOURAGES CRITICAL THINKING, PROBLEM SOLVING AND A LIFELONG LOVE OF LEARNING IN OUR STUDENTS. THROUGH THE ORGANIZATION'S SUPPORT, FACULTY ARE ABLE TO FOCUS ON HELPING STUDENTS TO GROW AND TO LEARN VALUABLE SKILLS NEEDED IN THE EVOLVING WORKFORCE NEEDS.
THE FAMILY ENGAGEMENT INSTITUTE'S (FEI) MISSION IS TO PROVIDE OPPORTUNITIES THAT PROMOTE COLLEGE-GOING ASPIRATIONS FOR UNDERREPRESENTED STUDENTS AND FAMILIES TO COLLECTIVELY ENSURE THRIVING AND INCLUSIVE COMMUNITIES. AS A CRADLE-TO-CAREER, GRANT FUNDED, STUDENT EQUITY INITIATIVE AT FOOTHILL COLLEGE, FEI HAS BEEN A LEADER IN RESPONDING, DEVELOPING AND DELIVERING AFFORDABLE, ACCESSIBLE, PROGRAMS TO ADDRESS THE NEEDS AND ELEVATE THE VOICE OF OUR UNDERSERVED COMMUNITY SINCE 2010.
THE KRAUSE CENTER FOR INNOVATION - K-12 EDUCATORS COME TO FOOTHILL'S KRAUSE CENTER FOR INNOVATION TO SHARPEN THEIR TEACHING SKILLS AND DISCOVER NEW WAYS TO HARNESS TECHNOLOGY TO CAPTURE THE IMAGINATION OF TODAY'S STUDENTS. THE KRAUSE CENTER PROVIDES INNOVATIVE PROFESSIONAL DEVELOPMENT TO HELP EDUCATORS TRANSFORM THEIR TEACHING PRACTICE WITH AN EMPHASIS ON TECHNOLOGY INTEGRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shyamoli Banerjee Past President | OfficerTrustee | 1.5 | $0 |
Amine Khechfe President | OfficerTrustee | 1.5 | $0 |
Holly Wong Agbayani Treasurer | OfficerTrustee | 1.5 | $0 |
Dudley Andersen Secretary | OfficerTrustee | 1.5 | $0 |
Dennis Cima Exe.dir.fhda Foundation | Officer | 40 | $0 |
Robin Latta Assit.dir.fhda Foundation | Officer | 40 | $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 | $4,821,964 |
| Noncash contributions included in lines 1a–1f | $93,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,821,964 |
| Total Program Service Revenue | $351,471 |
| Investment income | $889,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,452,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,108,330 |
| 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 | $1,859,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $672,899 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $176,110 |
| Fees for services: Other | $221,308 |
| Advertising and promotion | $21,317 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,871 |
| Travel | $954 |
| 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 | $62,868 |
| Total functional expenses | $4,579,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,979,550 |
| Pledges and grants receivable | $550,000 |
| Accounts receivable, net | $386,375 |
| 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 | $55,676,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,592,556 |
| Accounts payable and accrued expenses | $848,848 |
| 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 | $0 |
| Total liabilities | $848,848 |
| Net assets without donor restrictions | $14,416,977 |
| Net assets with donor restrictions | $43,326,731 |
| 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 | $58,592,556 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Foothill-De Anza Community Colleges Foundation has recieved totaling $803,254.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $344,290 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $85,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $77,550 |
California Chins Sunnyvale, CA | | $65,000 |
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $64,152 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,516 |
Endowment Analysis
| Beg. Balance | $23,165,885 |
| Earnings | $6,957,460 |
| Admin Expense | $415,119 |
| Net Contributions | $724,898 |
| Grants | $719,179 |
| Ending Balance | $29,713,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |