Chaffey College Foundation
- Assets
- $6.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Cucamonga, CA
- Founding
- 06/1992
- Data as of
- 06/2021
- EIN
- 95-4095445
Organization Overview
Chaffey College Foundation is located in Rancho Cucamonga, CA. The organization was established in 1992. 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. Chaffey 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, Chaffey College Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 13.7% 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
SUPPORTS ACADEMIC AND STUDENT SERVICES OF THE CHAFFEY COLLEGE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS ACADEMIC, STUDENT SERVICES AND DEPARTMENTAL GRANTS OF THE CHAFFEY COLLEGE DISTRICT BY PROVIDING SCHOLARSHIPS, AWARDS, AND PROGRAM ENHANCEMENTS TO STUDENTS AND THE COMMUNITY. DISTRICT SUPPORT REVENUES ARE GARNERED THROUGH DEPARTMENTAL PROGRAM EVENTS AND STUDENT PROGRAMMING AT THE CHAFFEY COLLEGE DISTRICT.
THE FOUNDATION PROVIDES A VARIETY OF SCHOLARSHIP AWARDS INCLUDING MERIT-BASED, DISCIPLINE/MAJOR, ACADEMIC, SPORTS AND COMMUNITY SERVICE AWARDS; FOR WHICH STUDENTS ARE ABLE TO APPLY FOR EACH SEMESTER. SCHOLARSHIPS COME TO THE FOUNDATION THROUGH MEMBERS OF THE COMMUNITY, COLLEGE FACULTY AND STAFF, SERVICE GROUPS, SCHOOLS, CITIES, DISTRICTS AND CORPORATIONS BOTH ANNUALLY AND THROUGH ENDOWMENTS.
THE FOUNDATION SOLICITS AND RECEIVES VARIOUS GRANTS. GRANT FULFILLMENT REPRESENTS FUNDS THAT HAVE BEEN SPENT ACCORDING TO THE GRANT'S PURPOSE. GRANTS SUPPORT A MULTITUDE OF CAMPUS-WIDE INITIATIVES, INCLUDING PROGRAM SUPPORT, CAPITAL EQUIPMENT, NEW PROGRAMS AND SERVICES AND STUDENT SUPPORT PROGRAMS.
SALARIES AND BENEFITS ALLOCATION TO PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Sanchez Past President | OfficerTrustee | 1 | $0 |
Nefertiti Long Vice President | OfficerTrustee | 1 | $0 |
Wayne Scaggs Treasurer | OfficerTrustee | 1 | $0 |
Kyle Schulty President | OfficerTrustee | 1 | $0 |
Henry Castillo Secretary | OfficerTrustee | 1 | $0 |
Lisa Nashua Foundation Executive Director | 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 | $2,030,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,030,499 |
| Total Program Service Revenue | $0 |
| Investment income | $30,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,074,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $422,234 |
| 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 | $408,756 |
| 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 | $13,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,879 |
| Fees for services: Other | $730,702 |
| Advertising and promotion | $59 |
| Office expenses | $186,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $82 |
| 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 | $1,780,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,882,936 |
| Savings and temporary cash investments | $143,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,002 |
| 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 | $3,903,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,977,239 |
| Accounts payable and accrued expenses | $81,053 |
| 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 | $81,053 |
| Net assets without donor restrictions | $1,354,245 |
| Net assets with donor restrictions | $4,541,941 |
| 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 | $5,977,239 |
Grants Awarded
Over the last fiscal year, Chaffey College Foundation has awarded $1,081,004 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHAFFEY COMMUNITY COLLEGE DISTRICT PURPOSE: SCHOLARSHIPS | $966,004 |
Sacramento, CA PURPOSE: SUPPORT OPERATIONS | $115,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Chaffey College Foundation has recieved totaling $2,068,319.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT THE INTECH CENTER | $1,300,000 |
James Irvine Foundation San Francisco, CA PURPOSE: FOR APPRENTICESHIP OUTREACH COORDINATOR | $500,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: JAY PRITZKER FOUNDATION GRANT | $150,000 |
Inland Empire Community Foundation Riverside, CA PURPOSE: 2021-2022 Academic Year Scholarships | $52,237 |
Howmet Aerospace Foundation Pittsburgh, PA PURPOSE: INDUSTRIAL TECHNICAL LEARNING (INTECH) CENTER | $30,000 |
Foundation For California Community Colleges Sacramento, CA PURPOSE: OSHER SCHOLARSHIP | $26,000 |
Endowment Analysis
| Beg. Balance | $1,659,256 |
| Earnings | $178,793 |
| Net Contributions | $125,048 |
| Ending Balance | $1,963,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tohono O Odham Community College Sells, AZ | $29,097,807 | $15,651,906 |
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 |
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 |
League For Innovation In The Community College Chandler, AZ | $743,434 | $2,344,893 |
Chaffey College Foundation Rancho Cucamonga, CA | $5,977,239 | $2,074,819 |