Eastern Arizona College Foundation
- Assets
- $8.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Thatcher, AZ
- Founding
- 07/1969
- Data as of
- 06/2020
- EIN
- 23-7031373
Organization Overview
Eastern Arizona College Foundation is located in Thatcher, AZ. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2020, Eastern Arizona College Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Arizona 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 06/2020, Eastern Arizona College Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO HELP CREATE A POSITIVE ENVIRONMENT IN WHICH TO CULTIVATE GIFTS TO EASTERN ARIZONA COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY OBJECTIVE OF THE FOUNDATION IS TO CREATE A POSITIVE ENVIRONMENT IN WHICH TO CULTIVATE GIFTS TO EASTERN ARIZONA COLLEGE. THE FOUNDATION ALSO ADMINISTERS SCHOLARSHIP PROGRAMS IN CONJUNCTION WITH THE COLLEGE ALUMNI ASSOCIATION AND INDIVIDUAL DONORS. THE FOUNDATION, ON BEHALF OF ITS DONORS AND BOARD OF DIRECTORS, ISSUED $648,170 OF SCHOLARSHIPS TO 169 SCHOLARSHIP RECIPIENTS.
THE PRIMARY OBJECTIVE OF THE FOUNDATION IS TO CREATE A POSITIVE ENVIRONMENT IN WHICH TO CULTIVATE GIFTS TO EASTERN ARIZONA COLLEGE. THE FOUNDATION ALSO ADMINISTERS SCHOLARSHIP PROGRAMS IN CONJUNCTION WITH THE COLLEGE ALUMNI ASSOCIATION AND INDIVIDUAL DONORS. THE FOUNDATION, ON BEHALF OF ITS DONORS AND BOARD OF DIRECTORS, ISSUED $648,170 OF SCHOLARSHIPS TO 169 SCHOLARSHIP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Udall Executive Director | 40 | $121,462 | |
David Konopnicki Vice President | OfficerTrustee | 2 | $0 |
Joel Biggs President | OfficerTrustee | 2 | $0 |
Susan Turley Treasurer | OfficerTrustee | 2 | $0 |
Cindy Olvey Director | Trustee | 2 | $0 |
Michael Andazola Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,026,565 |
| Investment income | $172,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $648,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,765 |
| Pension plan accruals and contributions | $10,985 |
| Other employee benefits | $60,741 |
| Payroll taxes | $14,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,110 |
| Fees for services: Accounting | $8,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,265 |
| 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 | $783 |
| All other expenses | $0 |
| Total functional expenses | $1,002,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,330 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $8,240,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,075 |
| Total assets | $8,801,636 |
| Accounts payable and accrued expenses | $15,866 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,742 |
| Total liabilities | $52,608 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,749,028 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Eastern Arizona College Foundation has recieved totaling $49,540.
| Awarding Organization | Amount |
|---|---|
Mha Foundation Payson, AZ PURPOSE: SCHOLARSHIPS | $29,800 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $17,340 |
Kim And Harold Louie Family Foundation Burlingame, CA PURPOSE: QUALIFIED SCHOLARSHIPS TO EDUCATIONAL INSTITUTION | $1,500 |
Healthcare Innovations Foundation Inc Benson, AZ PURPOSE: SCHOLARSHIP | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $7,899,526 |
| Earnings | $166,907 |
| Admin Expense | $59,714 |
| Net Contributions | $708,540 |
| Grants | $687,795 |
| Ending Balance | $8,027,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |