Long Beach City College Foundation

Organization Overview

Long Beach City College Foundation is located in Long Beach, CA. The organization was established in 1979. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Long Beach City College Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Beach City 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, Long Beach City College Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT & ENHANCE THE LEARNING ENVIRONMENT OF THE LONG BEACH COMMUNITY COLLEGE DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION IS THE MOST IMPORTANT FACTOR THAT DETERMINES WHAT OPPORTUNITIES A PERSON WILL HAVE IN LIFE. LONG BEACH CITY COLLEGE (LBCC) PROVIDES THE EDUCATION AND TRAINING. THE FOUNDATION PROVIDES THE FINANCIAL SUPPORT THAT ALLOWS PEOPLE TO TAKE ADVANTAGE OF THAT EDUCATION AND TRAINING. THE FOUNDATION PROVIDES A VEHICLE FOR FINANCIAL SUPPORT FROM THE COMMUNITY. IT IS ESTIMATED THAT ONE IN THREE LONG BEACH AREA RESIDENTS HAVE ATTENDED LBCC. MANY OF THESE STUDENTS REQUIRED FINANCIAL ASSISTANCE. THE FOUNDATION HAS RAISED OVER $50 MILLION TO PROVIDE SCHOLARSHIPS, DEPARTMENTAL GRANTS, CAMPUS BEAUTIFICATION, AND FACILITIES UPGRADES. LITERALLY THOUSANDS OF STUDENTS HAVE RECEIVED FUNDS TO PAY ENROLLMENT FEES AND BUY BOOKS AND THE NEED TO PROVIDE FINANCIAL ASSISTANCE CONTINUES TODAY.THE FOUNDATION HAS THE LARGEST SCHOLARSHIP PROGRAM OF ANY SOUTHERN CALIFORNIA COMMUNITY COLLEGE. IT GIVES TO MORE STUDENTS THAN ANY OTHER TWO YEAR INSTITUTION AND OFFERS SCHOLARSHIPS TO FACULTY AND STAFF SO THEY MAY INCREASE THEIR KNOWLEDGE IN THEIR CHOSEN PROFESSION OR EMBARK ON A NEW CAREER. DURING THE YEAR, THE FOUNDATION PROVIDED 570 SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS.


SUPPORT THE COLLEGE TO CAREER (C2C) PROGRAM AT LONG BEACH CITY COLLEGE. C2C IS AN INNOVATIVE POST-SECONDARY PROGRAM FOR ADULTS WITH DEVELOPMENTAL DISABILITIES SERVED BY HARBOR REGIONAL CENTER. THE C2C PROGRAM OFFERS AN EXCITING OPPORTUNITY TO EXPERIENCE COMMUNITY COLLEGE, STUDENT HOUSING, AND COLLEGE LIFE. THE C2C PROGRAM WAS TRANSFERRED FROM THE LONG BEACH CITY COLLEGE FOUNDATION TO THE LONG BEACH CITY COLLEGE ON AUGUST 19, 2020.


PROMOTE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF ATHLETIC, EDUCATIONAL AND CULTURAL GOALS THROUGH GRANTS AND OTHER ASSISTANCE TO ASSOCIATE GROUPS, DEPARTMENTS, FACULTY, AND STAFF.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Kaminski
Executive Director, Honorary
$152,250
Dr Serafin Zasueta
President
$0
Aaron Moore
Treasurer, President Elect
$0
Dr John Fylpaa
Vice President
$0
Marcelle Epley
Vice President
$0
Jayne Lastusky
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $141,255
All other contributions, gifts, grants, and similar amounts not included above$3,399,670
Noncash contributions included in lines 1a–1f $14,325
Total Revenue from Contributions, Gifts, Grants & Similar$3,540,925
Total Program Service Revenue$71,923
Investment income $417,146
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$265,647
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,038,343

Grants Awarded

Over the last fiscal year, Long Beach City College Foundation has awarded $2,005,184 in support to 2 organizations.

Grant RecipientAmount

LONG BEACH COMMUNITY COLLEGE DISTRICT

PURPOSE: INSTITUTIONAL SUPPORT

$1,502,482

LBCC ASSOCIATE GROUPS

PURPOSE: PROGRAM SUPPORT

$502,702
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Long Beach City College Foundation has recieved totaling $857,520.

Awarding OrganizationAmount
John Apostle And Helen Apostle Foundation

Newport Beach, CA

PURPOSE: SOCIAL SERVICE

$390,000
John Apostle And Helen Apostle Foundation

Newport Beach, CA

PURPOSE: SOCIAL SERVICE

$130,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$102,050
Long Beach Community Foundation

Long Beach, CA

PURPOSE: GENERAL SUPPORT

$95,313
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$56,767
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$25,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,853,787
Earnings$2,893,264
Admin Expense$53,583
Net Contributions$1,817,441
Other Expense$108,477
Ending Balance$14,402,432

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