Arapahoe Community College Foundation Inc
- Assets
- $8.6m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Littleton, CO
- Founding
- 02/1971
- Data as of
- 06/2022
- EIN
- 23-7093127
Organization Overview
Arapahoe Community College Foundation Inc is located in Littleton, CO. The organization was established in 1971. 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 06/2022, Arapahoe Community College Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arapahoe Community College Foundation Inc 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 06/2022, Arapahoe Community College Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 24.9% per year over the past 7 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.
Since 2017, Arapahoe Community College Foundation Inc has awarded 16 individual grants totaling $8,876,317. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARAPAHOE COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO SUPPORT AND PROMOTE THE GOALS OF ARAPAHOE COMMUNITY COLLEGE AND ITS STUDENTS BY CREATING PUBLIC AWARNESS AND FUNDING RESOURCES THAT PROVIDE FINANCIAL ASSISTANCE AND BROAD-BASED SUPPORT FOR THE COLLEGE'S STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED GRANTS TO ARAPAHOE COMMUNITY COLLEGE PROGRAMS AND SCHOLARSHIPS TO INDIVIDUAL COLLEGE STUDENTS TOWARD TUITION AND SUPPLIES WHILE ENROLLED AT ARAPAHOE COMMUNITY COLLEGE.
ASSISTED VARIOUS ARAPAHOE COMMUNITY COLLEGE EDUCATION DEPARTMENTS WITH SPECIAL EQUIPMENT, FUNDING FOR ENHANCED PROGRAMMING FOR CONFERENCES AND SUPPORTED STUDENT CLUBS AND ORGANIZATIONS.
OTHER PROGRAM SERVICE EXPENDITURES PROVIDED FOR OPERATING EXPENSES AND FOR ALUMNI RELATIONS AND COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Trujillo Chair | OfficerTrustee | 1 | $0 |
Rhonda Lord Past Chair | OfficerTrustee | 1 | $0 |
Randy Anderson Treasurer | OfficerTrustee | 1 | $0 |
Libby Bortz Director | Trustee | 1 | $0 |
Jb Fairbanks Director | Trustee | 1 | $0 |
Kenneth Garry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,210 |
| Related organizations | $0 |
| Government grants | $811,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,288,413 |
| Noncash contributions included in lines 1a–1f | $451,499 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,163,361 |
| Total Program Service Revenue | $0 |
| Investment income | $35,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,566 |
| Net Income from Fundraising Events | -$19,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,208,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,319,251 |
| Grants and other assistance to domestic individuals. | $278,794 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,677 |
| Compensation of current officers, directors, key employees. | $39,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,443 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,683 |
| Fees for services: Other | $183,027 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,377 |
| Total functional expenses | $3,444,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,815 |
| Savings and temporary cash investments | $2,446,643 |
| Pledges and grants receivable | $3,129,036 |
| Accounts receivable, net | $934 |
| 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 | $0 |
| Investments—publicly traded securities | $2,058,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,615,332 |
| Accounts payable and accrued expenses | $494,523 |
| 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 | $15,396 |
| Total liabilities | $509,919 |
| Net assets without donor restrictions | $27,411 |
| Net assets with donor restrictions | $8,078,002 |
| 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 | $8,615,332 |
Grants Awarded
Over the last fiscal year, Arapahoe Community College Foundation Inc has awarded $2,311,290 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARAPAHOE COMMUNITY COLLEGE PURPOSE: ENHANCE LEARNING | $1,930,688 |
COMMUNITY COLLEGE OF AURORA FOUND PURPOSE: ENHANCE LEARNING | $380,602 |