Passaic County Community College Foundation
- Assets
- $5.5m
- Revenue
- $924.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Paterson, NJ
- Founding
- 04/1979
- Data as of
- 06/2021
- 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 06/2021, Passaic County Community College Foundation generated $924.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $464.4k during the year ending 06/2021. 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
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 |
|---|---|---|---|
Garland Collins Vice Chair. | OfficerTrustee | 0 | $0 |
Deborah S Hoffman Chair. | OfficerTrustee | 0 | $0 |
Dr Steve M Rose Treasurer | OfficerTrustee | 0 | $0 |
Todd Sorber Secretary | OfficerTrustee | 0 | $0 |
Rafael Cuellar Trustee | Trustee | 0 | $0 |
Steven Coppa Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,907 |
| Total Program Service Revenue | $0 |
| Investment income | $4,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400,452 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,103 |
| 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 | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,510 |
| Advertising and promotion | $0 |
| Office expenses | $7,510 |
| 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 | $464,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,727 |
| Savings and temporary cash investments | $135,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,695,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,502,783 |
| Accounts payable and accrued expenses | $5,900 |
| 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 | $1,551,710 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,557,610 |
| Net assets without donor restrictions | $3,677,420 |
| Net assets with donor restrictions | $267,753 |
| 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 | $5,502,783 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Passaic County Community College Foundation has recieved totaling $442,021.
| Awarding Organization | Amount |
|---|---|
Henry & Marilyn Taub Foundation Teaneck, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $334,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $27,500 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: HUMAN SERVICES SCHOLARSHIP PROGRAM | $25,000 |
E & S Van Houten Memorial Fund 2513851322 Las Vegas, NV PURPOSE: SCHOLARSHIP PROGRAM | $15,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $12,500 |
Nicholas Martini Foundation Newark, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Foundation Of The State University Of New York At Binghamton Inc Binghamton, NY | $286,478,699 | $29,318,635 |
New York University School Of Law Foundation New York, NY | $145,376,406 | $16,902,006 |
Ubf Faculty-Student Housing Corp Buffalo, NY | $136,055,512 | $19,963,891 |
Educational And Cultural Trust Fund Of The Electrical Industry Flushing, NY | $84,016,859 | $24,193,596 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |