Ocean County College Foundation

Organization Overview

Ocean County College Foundation is located in Toms River, NJ. The organization was established in 1967. 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. Ocean County 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, Ocean County College Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 9.0% per year over the past 8 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE STUDENT SCHOLARSHIPS, AWARDS, LOANS AND COMMUNITY PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY PROGRAMS


SCHOLARSHIPS AND AWARDS TO STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jon Larson
Trustee
$0
Kenneth Malagiere
Executive Dir.
$0
Ralph Aponte
Trustee
$0
Virginia Haines
Trustee
$0
Kevin Smith
Trustee
$0
Brian Tramontano
Trustee
$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$1,927,956
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,927,956
Total Program Service Revenue$28,109
Investment income $324,730
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $151,213
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,407,473

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