Atlantic Cape Community College
- Assets
- $6.5m
- Revenue
- $1.2m
- Investments
- $6.1m
- Employees
- 0
- Location
- Mays Landing, NJ
- Founding
- 09/1982
- Data as of
- 06/2021
- EIN
- 22-2393679
Organization Overview
Atlantic Cape Community College is located in Mays Landing, NJ. The organization was established in 1982. 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. Atlantic Cape Community College 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, Atlantic Cape Community College generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $736.3k during the year ending 06/2021. While expenses have increased by 7.0% 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
THE ATLANTIC CAPE COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FUNDING AND SUPPORT TO ATLANTIC CAPE COMMUNITY COLLEGE, ITS STUDENTS, AND EDUCATIONAL ENDEAVORS, THROUGH SPECIAL EVENT FUNDRAISING AND COMMUNITY PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL AND ENDOWED SCHOLARSHIPS, GRANTS-IN-AID, AND EMERGENCY SUPPORT FOR STUDENTS ENROLLED AT ATLANTIC CAPE COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Kellet Associate Director | OfficerTrustee | 15 | $0 |
James M Rutala President | OfficerTrustee | 5 | $0 |
Nicholas Cashan III Third Vice President | OfficerTrustee | 2 | $0 |
Stephen R Nehmad ESQ Secretary | OfficerTrustee | 2 | $0 |
Jean Mcalister Executive Director | OfficerTrustee | 10 | $0 |
Mariann Sozio Associate Director | OfficerTrustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $512,126 |
| Noncash contributions included in lines 1a–1f | $68,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,351 |
| Total Program Service Revenue | $0 |
| Investment income | $154,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $339,465 |
| Net Income from Fundraising Events | $117,689 |
| Net Income from Gaming Activities | $6,800 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,187,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,981 |
| Grants and other assistance to domestic individuals. | $618,644 |
| 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 | $35,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,970 |
| Office expenses | $1,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $266 |
| 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 | $736,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,238 |
| Accounts receivable, net | $2,000 |
| 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 | $3,313 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,126,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,521,475 |
| Accounts payable and accrued expenses | $808,082 |
| Grants payable | $0 |
| Deferred revenue | $72,912 |
| 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 | $880,994 |
| Net assets without donor restrictions | $795,764 |
| Net assets with donor restrictions | $4,844,717 |
| 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 | $6,521,475 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Atlantic Cape Community College has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Caroline Hunter Charitable Trust Pittsburgh, PA PURPOSE: PROVIDE SCHOLARSHIPS BASED | $30,000 |
William C & Mabel D Hunt Dallas, TX PURPOSE: SCHOLARSHIPS | $2,000 |
Burg Levi Education Foundation Margate, NJ PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $3,315,955 |
| Earnings | $203,037 |
| Net Contributions | $39,584 |
| Grants | -$94,975 |
| Ending Balance | $3,463,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |