The Santa Monica College Foundation

Organization Overview

The Santa Monica College Foundation is located in Santa Monica, CA. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Santa Monica College Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Monica 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, Santa Monica College Foundation generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 3.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SCHOLARSHIPS TO SANTA MONICA COLLEGE STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT PROGRAMMING AND ASSISTANCE: SANTA MONICA COLLEGE'S STUDENT SERVICES PROGRAMS PROVIDE ONGOING EDUCATIONAL AND COUNSELING SUPPORT TO ITS STUDENTS. FROM THE VETERANS' RESOURCE CENTER, BLACK COLLEGIANS PROGRAM, AND LATINO CENTER TO THE CENTER FOR STUDENTS WITH DISABILITIES, GUARDIAN SCHOLARS, AND ATHLETICS TEAMS, THE FOUNDATION FUNDRAISES AND SUPPORTS THE COLLECTIVE EFFORTS TO ADVANCE THE PROGRAMS. ADDITIONALLY, THE FOUNDATION RAISES FUNDING TO ADVANCE ANNUAL PROGRAMS TO INCREASE ENROLLMENT (SMC FOUNDATION MEAL PROJECT), AND ACKNOWLEDGE OUTSTANDING ACHIEVEMENTS (PUBLIC POLICY SYMPOSIUMS). FURTHER, EMERGENCY RELIEF FOR STUDENTS EXPERIENCING UNFORESEEN HARDSHIP IS PROVIDED BY THE FOUNDATION'S ABILITY TO SECURE FUNDS.


SCHOLARSHIPS: IN AN EFFORT TO ELIMINATE FINANCIAL BARRIERS AND TO ENSURE ACADEMIC SUCCESS FOR SMC STUDENTS, THE FOUNDATION PROVIDED $544,693 IN SCHOLARSHIPS. THE AWARDS WERE DESIGNATED FOR QUALIFIED STUDENTS WHO WERE INCOMING FRESHMAN, CONTINUING, AND TRANSFER STUDENTS, AIDING AND SUPPORTING THEM IN ACHIEVING THEIR HIGHER EDUCATION GOALS.


SANTA MONICA COLLEGE'S EMERITUS PROGRAM SERVES A POPULATION OF OLDER ADULTS WITH A RICH ARRAY OF COURSES, FREE OF CHARGE. WITH OVER 80 DIFFERENT CLASSES, THE EMERITUS PROGRAM ENGAGES NEARLY 3,000 STUDENTS FROM SANTA MONICA AND ACROSS THE LOS ANGELES BASIN, WHO ATTEND IN PERSON AND ONLINE, CONTINUING THEIR GOAL AS LIFELONG LEARNERS. THE FOUNDATION SERVES AS THE FUNDRAISING PARTNER TO THIS PROGRAM, SUPPORTING THEIR EFFORTS TO RAISE MONEY IN ORDER TO OFFSET THE COST OF THE PROGRAM NOT COVERED BY STATE FUNDING. AS SUCH, NECESSARY EXPENSES ARE DIRECTLY TIED TO THE SUPPORT AND STAFFING PROVIDED TO THE PROGRAM BY THE FOUNDATION.


STUDENT PROGRAMMING AND ASSISTANCE: SANTA MONICA COLLEGE'S STUDENT SERVICES PROGRAMS PROVIDE ONGOING EDUCATIONAL AND COUNSELING SUPPORT TO ITS STUDENTS. FROM THE VETERANS' RESOURCE CENTER, BLACK COLLEGIANS PROGRAM, AND LATINO CENTER TO THE CENTER FOR STUDENTS WITH DISABILITIES, GUARDIAN SCHOLARS, AND ATHLETICS TEAMS, THE FOUNDATION FUNDRAISES AND SUPPORTS THE COLLECTIVE EFFORTS TO ADVANCE THE PROGRAMS. ADDITIONALLY, THE FOUNDATION RAISES FUNDING TO ADVANCE ANNUAL PROGRAMS TO INCREASE ENROLLMENT (SMC FOUNDATION MEAL PROJECT), AND ACKNOWLEDGE OUTSTANDING ACHIEVEMENTS (PUBLIC POLICY SYMPOSIUMS). FURTHER, EMERGENCY RELIEF FOR STUDENTS EXPERIENCING UNFORESEEN HARDSHIP IS PROVIDED BY THE FOUNDATION'S ABILITY TO SECURE FUNDS.


SCHOLARSHIPS: IN AN EFFORT TO ELIMINATE FINANCIAL BARRIERS AND TO ENSURE ACADEMIC SUCCESS FOR SMC STUDENTS, THE FOUNDATION PROVIDED $544,693 IN SCHOLARSHIPS. THE AWARDS WERE DESIGNATED FOR QUALIFIED STUDENTS WHO WERE INCOMING FRESHMAN, CONTINUING, AND TRANSFER STUDENTS, AIDING AND SUPPORTING THEM IN ACHIEVING THEIR HIGHER EDUCATION GOALS.


SANTA MONICA COLLEGE'S EMERITUS PROGRAM SERVES A POPULATION OF OLDER ADULTS WITH A RICH ARRAY OF COURSES, FREE OF CHARGE. WITH OVER 80 DIFFERENT CLASSES, THE EMERITUS PROGRAM ENGAGES NEARLY 3,000 STUDENTS FROM SANTA MONICA AND ACROSS THE LOS ANGELES BASIN, WHO ATTEND IN PERSON AND ONLINE, CONTINUING THEIR GOAL AS LIFELONG LEARNERS. THE FOUNDATION SERVES AS THE FUNDRAISING PARTNER TO THIS PROGRAM, SUPPORTING THEIR EFFORTS TO RAISE MONEY IN ORDER TO OFFSET THE COST OF THE PROGRAM NOT COVERED BY STATE FUNDING. AS SUCH, NECESSARY EXPENSES ARE DIRECTLY TIED TO THE SUPPORT AND STAFFING PROVIDED TO THE PROGRAM BY THE FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Ward
Development Director
$126,274
Elizabeth A Moore
Ceo/president
$48,175
Dan Sy
Assoc. Dir./cfo (until Sept 2020)
$29,103
Spring Aspers
Vice Chair
$0
Margaret Sohagi
Chair
$0
Deanna Hansen
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $47,623
All other contributions, gifts, grants, and similar amounts not included above$3,678,600
Noncash contributions included in lines 1a–1f $55,655
Total Revenue from Contributions, Gifts, Grants & Similar$3,726,223
Total Program Service Revenue$0
Investment income $662,129
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,737,720
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,126,072

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Santa Monica College Foundation has recieved totaling $12,240.

Awarding OrganizationAmount
David Sliff Memorial Foundation Inc

Hermosa Beach, CA

PURPOSE: DONATIONS TO SMC FOUNDATION FOR ACADEMIC SCHOLARSHIPS TO STUDENTS IN NEED WHO ARE SELECTED BY THE SMC FOUNDATION

$12,240
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,360,205
Earnings$3,628,708
Net Contributions$298,225
Other Expense$820,599
Ending Balance$16,466,539

Peer Organizations

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