Arapahoe Community College Foundation Inc
- Assets
- $7.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Littleton, CO
- Founding
- 02/1971
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Arapahoe Community College Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 21.6% 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 18 individual grants totaling $9,997,577. 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
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 |
|---|---|---|---|
Rhonda Lord Past Chair | OfficerTrustee | 1 | $0 |
John Trujillo Chair | OfficerTrustee | 1 | $0 |
Randy Anderson Treasurer | OfficerTrustee | 1 | $0 |
Courtney Loehfelm Executive Di | Officer | 40 | $0 |
Libby Bortz Director | Trustee | 1 | $0 |
Jb Fairbanks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,451,944 |
| Investment income | $27,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,345 |
| Net Income from Fundraising Events | $24,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,536,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $485,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,677 |
| 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 | $12,574 |
| Fees for services: Other | $25,260 |
| 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 | $0 |
| Total functional expenses | $2,847,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,753 |
| Savings and temporary cash investments | $1,693,999 |
| Pledges and grants receivable | $2,794,579 |
| Accounts receivable, net | $1,232 |
| 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 | $2,405,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,229,122 |
| Accounts payable and accrued expenses | $470,796 |
| 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 | $17,964 |
| Total liabilities | $488,760 |
| 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 | $6,740,362 |
Grants Awarded
Over the last fiscal year, Arapahoe Community College Foundation Inc has awarded $1,711,552 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARAPAHOE COMMUNITY COLLEGE PURPOSE: ENHANCE LEARNING | $1,626,552 |
Aurora, CO PURPOSE: ENHANCE LEARNING | $85,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Arapahoe Community College Foundation Inc has recieved totaling $1,015,135.
| Awarding Organization | Amount |
|---|---|
Sturm Family Foundation Denver, CO PURPOSE: FURTHER TAX EXEMPT PURPOSE | $600,000 |
Sturm Family Foundation Denver, CO PURPOSE: FURTHER TAX EXEMPT PURPOSE | $147,388 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: THE READYING EDUCATING SUPPORTING PROFESSIONALIZING EARLY CHILDHOOD TEACHERS (RESPECT) INITIATIVE | $55,211 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $33,750 |
Sturm Family Foundation Denver, CO PURPOSE: FURTHER TAX EXEMPT PURPOSE | $32,544 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: TUITION ASSISTANCE AT THE ARAPAHOE COMMUNITY COLLEGE CHILD DEVELOPMENT CENTER | $30,000 |
Endowment Analysis
| Beg. Balance | $2,534,001 |
| Earnings | $392,847 |
| Net Contributions | $58,630 |
| Grants | $171,721 |
| Ending Balance | $2,813,757 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |