Peralta Colleges Foundation
- Assets
- $3.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Oakland, CA
- Founding
- 07/1971
- Data as of
- 06/2021
- EIN
- 23-7091547
Organization Overview
Peralta Colleges Foundation is located in Oakland, CA. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Peralta Colleges Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peralta Colleges 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, Peralta Colleges Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peralta Colleges Foundation has awarded 15 individual grants totaling $1,162,657. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACADEMIC EXCELLENCE BY BUILDING PARTNERSHIPS TO RAISE FUNDS FOR STUDENT SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PCF SUPPORTS ACADEMIC EXCELLENCE IN THE PERALTA COMMUNITY COLLEGES DISTRIT BY BUILDING PARTNERSHIPS IN THE REGION TO RAISE FUNDS FOR BOTH MERIT AND NEEDS BASED SCHOLARSHIPS FOR STUDENTS TO THE FOUR DISTRICT COLLEGES. PCF ADMINISTED MORE THAN 100 SCHOLARSHIP FUNDS, PROVIDING HUNDREDS OF STUDENTS IN NEED WITH FINANCIAL SUPPORT, SUPPORTED THE PURCHASE OF BOOKS/SUPPLIES AT THE LIBRARIES OF EACH CAMPUS, AND ADMINISTERED MORE THAN 200 FUNDS FOR ACADEMIC AND ATHLETIC DEPARTMENTS, STUDENT CLUBS AND OTHER COLLEGE INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laniece Jones Exec Director | OfficerTrustee | 40 | $0 |
Luther Aaberge Treasurer | OfficerTrustee | 0.25 | $0 |
Adam Sanchez President/secretary | OfficerTrustee | 0.25 | $0 |
Tasion Kwamilele Secretary | OfficerTrustee | 0.25 | $0 |
Sydney Firestone Director | OfficerTrustee | 0.25 | $0 |
Andreas Cluver Vice President | OfficerTrustee | 0.25 | $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 | $1,431,337 |
| Noncash contributions included in lines 1a–1f | $675,737 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,337 |
| Total Program Service Revenue | $40,069 |
| Investment income | $39,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $785,737 |
| Grants and other assistance to domestic individuals. | $480,260 |
| 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 | $303,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,137 |
| Payroll taxes | $17,112 |
| Fees for services: Management | $6,814 |
| Fees for services: Legal | $3,248 |
| Fees for services: Accounting | $10,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,814 |
| Fees for services: Other | $78,727 |
| Advertising and promotion | $1,238 |
| Office expenses | $6,703 |
| Information technology | $6,399 |
| 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 | $998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $223 |
| All other expenses | $0 |
| Total functional expenses | $1,735,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,169,005 |
| Pledges and grants receivable | $21,244 |
| 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 | $1,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,831,571 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,023,169 |
| Accounts payable and accrued expenses | $46,750 |
| 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 | $558,957 |
| Total liabilities | $605,707 |
| Net assets without donor restrictions | $521,360 |
| Net assets with donor restrictions | $1,896,102 |
| 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 | $3,023,169 |
Grants Awarded
Over the last fiscal year, Peralta Colleges Foundation has awarded $784,217 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PERALTA COMMUNITY COLLEGE DISTRICT PURPOSE: STUDENT USE FOR COVID PROTECTION | $600,000 |
WORKING WORLD LLC PURPOSE: EDUCATIONAL SUPPORT | $110,000 |
PERALTA COMMUNITY COLLEGE DISTRICT PURPOSE: STUDENT USE DURING PANDEMIC RESTRICTIONS | $41,100 |
PERALTA COMMUNITY COLLEGE DISTRICT PURPOSE: COLLEGE APPARAL AND DESIGN PROGRAM | $27,835 |
PERALTA COMMUNITY COLLEGE DISTRICT PURPOSE: STUDENT PROGRAMS | $5,282 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Peralta Colleges Foundation has recieved totaling $741,509.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT BLACK AND BROWN ENTREPRENEURS | $410,000 |
Pepsico Foundation Inc Purchase, NY PURPOSE: SCHOLARSHIP PROGRAM | $250,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $28,405 |
New Venture Fund Washington, DC PURPOSE: CAPACITY BUILDING | $25,000 |
Vilcap Inc Houston, TX PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING. | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,046 |
Endowment Analysis
| Beg. Balance | $529,172 |
| Earnings | $96,769 |
| Net Contributions | $238 |
| Grants | $14,000 |
| Ending Balance | $612,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |
Cuesta College Foundation San Luis Obispo, CA | $44,331,740 | $6,237,034 |
New Hope Christian College Eugene, OR | $9,032,074 | $3,256,187 |