Los Angeles Mission College Foundation
- Assets
- $1.1m
- Revenue
- $65.0k
- Investments
- $914.7k
- Employees
- 0
- Location
- Sylmar, CA
- Founding
- 04/1987
- Data as of
- 06/2020
- EIN
- 95-2925621
Organization Overview
Los Angeles Mission College Foundation is located in Sylmar, 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. Los Angeles Mission 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 06/2020, Los Angeles Mission College Foundation generated $65.0k 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 (10.0%) each year. All expenses for the organization totaled $138.0k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO ENCOURAGE, SUPPORT, AND ASSIST IN FURTHERING THE EDUCATIONAL GOALS OF THE LOS ANGELES MISSION COLLEGE. IT ALSO OFFERS FINANCIAL AND OTHER SUPPORT SERVICES TO ALL ENROLLED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SCHOLARSHIPS, EQUIPMENT AND OTHER SUPPORT TO THE LOS ANGELES MISSION COLLEGE TO ASSIST IN THE ADVANCEMENT IN EDUCATION OF THE COLLEGE'S ENROLLED STUDENTS.
THE FOUNDATION PROVIDED SCHOLARSHIPS, EQUIPMENT AND OTHER SUPPORT TO THE LOS ANGELES MISSION COLLEGE TO ASSIST IN THE ADVANCEMENT IN EDUCATION OF THE COLLEGE'S ENROLLED STUDENTS.
THE FOUNDATION PROVIDED SCHOLARSHIPS, EQUIPMENT AND OTHER SUPPORT TO THE LOS ANGELES MISSION COLLEGE TO ASSIST IN THE ADVANCEMENT IN EDUCATION OF THE COLLEGE'S ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Alvarez Vice President | OfficerTrustee | 1 | $0 |
Dr Monte Perez Director | Trustee | 1 | $0 |
Sylvia V Ruiz President | Trustee | 1 | $0 |
Art Gastelum Director | Trustee | 1 | $0 |
Pat Flood-Moreno Director | Trustee | 1 | $0 |
Aura M Garcia Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,882 |
| Investment income | -$43,859 |
| 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 | $65,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,419 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,711 |
| Advertising and promotion | $41 |
| Office expenses | $19,204 |
| 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 | $2,440 |
| All other expenses | $0 |
| Total functional expenses | $138,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,132 |
| Savings and temporary cash investments | $156,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $914,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,112,641 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,141 |
| Total liabilities | $4,141 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,108,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Los Angeles Mission College Foundation has recieved totaling $41,700.
| Awarding Organization | Amount |
|---|---|
Arthur N Rupe Foundation Santa Barbara, CA PURPOSE: CNA PROGRAM | $20,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $11,700 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |