Pasadena City College Foundation Inc
- Assets
- $64.6m
- Revenue
- $5.7m
- Investments
- $2.0m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 04/1980
- Data as of
- 06/2022
- EIN
- 95-3434226
Organization Overview
Pasadena City College Foundation Inc is located in Pasadena, CA. The organization was established in 1980. 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. Pasadena City College Foundation Inc 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 06/2022, Pasadena City College Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP FUNDING AND COMMUNITY SUPPORT FOR THE ENHANCEMENT OF TEACHING AND LEARNING AT PCC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS ATTENDING PASADENA CITY COLLEGE
VARIOUS GRANTS ADMINISTERED BY THE FOUNDATION THAT BENEFIT THE COLLEGE AND ITS STUDENTS
VARIOUS AGENCY FUNDS ADMINISTERED BY THE FOUNDATION THAT BENEFIT THE COLLEGE AND ITS STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Winter Treasurer | OfficerTrustee | 1 | $0 |
Hoyt Hilsman Secretary | OfficerTrustee | 1 | $0 |
William Hawkins Immediate Past President | OfficerTrustee | 1 | $0 |
Gloria Pitzer President | OfficerTrustee | 1 | $0 |
Don Schweitzer Vice President | OfficerTrustee | 1 | $0 |
Bobbi Abram Executive Director | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nancy Davis Consulting Services | 6/29/22 | $150,000 |
Patricia Pejoumand Accounting | 6/29/22 | $147,120 |
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 | $3,097,212 |
| Noncash contributions included in lines 1a–1f | $186,986 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,097,212 |
| Total Program Service Revenue | $243,876 |
| Investment income | $1,683,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $674,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,699,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,122,302 |
| 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 | $721,763 |
| 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 | $147,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $188,340 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120,738 |
| Office expenses | $4,954 |
| 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 | $8,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $48,052 |
| Total functional expenses | $3,268,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $690,411 |
| Pledges and grants receivable | $1,890,870 |
| Accounts receivable, net | $536,000 |
| 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 | $59,478,009 |
| Investments—other securities | $2,021,843 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,850 |
| Total assets | $64,627,983 |
| Accounts payable and accrued expenses | $269,896 |
| 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 | $269,896 |
| Net assets without donor restrictions | $29,971,947 |
| Net assets with donor restrictions | $34,386,140 |
| 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 | $64,627,983 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Pasadena City College Foundation Inc has recieved totaling $755,022.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $153,000 |
Pasadena Community Foundation Pasadena, CA PURPOSE: PCC Retirees Scholarship Fund, COVID-19, HNM School of Nursing, PCF Scholars, Scholarships | $122,772 |
Ann Peppers Foundation South Pasadena, CA PURPOSE: SCHOLARS PROGRAM PLANNING GRANT & SCHOLARSHIP PROGRAM FOR PUSD GRADUATES | $118,000 |
Achieving America Family Foundation Pasadena, CA PURPOSE: AS NEEDED | $100,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $99,667 |
The Boone Foundation Monrovia, CA PURPOSE: BOONE ACHIEVEMENT AWARD | $62,500 |
Endowment Analysis
| Beg. Balance | $17,980,796 |
| Net Contributions | $502,473 |
| Grants | $224,067 |
| Ending Balance | $18,259,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |