Passaic County Community College Foundation
- Assets
- $6.6m
- Revenue
- $912.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Paterson, NJ
- Founding
- 04/1979
- Data as of
- 06/2023
- EIN
- 22-2137361
Organization Overview
Passaic County Community College Foundation is located in Paterson, NJ. The organization was established in 1979. 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. Passaic County Community 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 06/2023, Passaic County Community College Foundation generated $912.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $408.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIP SUPPORT FOR PASSAIC COUNTY COMMUNITY COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSAIC COUNTY COMMUNITY COLLEGE FOUNDATION AWARDS SCHOLARSHIPS TO ASSIST STUDENTS AT PASSAIC COUNTY COMMUNITY COLLEGE.
LITERACY TRAINING - PROVIDES LITERACY TRAINING TO PARENTS OF CHILDREN IN PRE-SCHOOL PROGRAMS SO PARENTS CAN COMMUNICATE MORE EFFECTIVELY WITH THEIR CHILDREN AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah S Hoffman Chair. | OfficerTrustee | 0 | $0 |
Garland Collins Vice Chair. | OfficerTrustee | 0 | $0 |
Dr Steve M Rose Treasurer | OfficerTrustee | 0 | $0 |
Todd Sorber Secretary | OfficerTrustee | 0 | $0 |
Steven Coppa Trustee | Trustee | 0 | $0 |
Rafael Cuellar Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,348 |
| Total Program Service Revenue | $0 |
| Investment income | $510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $571,677 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $912,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $185,703 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $128 |
| Fees for services: Other | $11,394 |
| Advertising and promotion | $0 |
| Office expenses | $9,605 |
| 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 | $68,688 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $408,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $926,617 |
| Savings and temporary cash investments | $136,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $879,031 |
| 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 | $4,557,688 |
| Investments—publicly traded securities | $26,115 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,902 |
| Total assets | $6,555,920 |
| Accounts payable and accrued expenses | $18,344 |
| 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 | $983,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $537,541 |
| Total liabilities | $1,539,884 |
| Net assets without donor restrictions | $4,808,395 |
| Net assets with donor restrictions | $207,641 |
| 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 | $6,555,920 |