Lane Community College Foundation
- Assets
- $21.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Eugene, OR
- Founding
- 06/1971
- Data as of
- 06/2022
- EIN
- 23-7113266
Organization Overview
Lane Community College Foundation is located in Eugene, OR. The organization was established in 1971. 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. Lane Community 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 06/2022, Lane Community College Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CHARITABLE CORPORATION FORMED TO ENCOURAGE AND INVOLVE THE COMMUNITY IN FURTHER DEVELOPING EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND AUGMENTING THE FACILITIES AND FUNCTIONS OF LANE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
346 SCHOLARSHIPS, 233 GRANTS, 3 AWARDS, AND 3 STIPENDS WERE AWARDED TO LCC STUDENTS DURING THE YEAR.
FACULTY SUPPORT FOR NURSING.
BUILDING AND CONSTRUCTION INCLUDED PAYMENTS TO LCC FOR THE CENTER BUILDING (CENTER FOR LEARNING & STUDENT SUCCESS) RENOVATIONS AND CONSTRUCTION.
EDUCATIONAL MATERIALS AND SUPPLIES, PROFESSIONAL DEVELOPMENT, PROMOTIONAL EXPENSES, SENIOR SERVICES, FUND RAISING EXPENSES, CAPITAL EQUIPMENT, MAINTENANCE SERVICES, CONFERENCES & EVENTS AND OTHER PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wolf President | OfficerTrustee | 1 | $0 |
Susan Soonkeum Cox 1st Vice-Pre | OfficerTrustee | 1 | $0 |
Alan Yordy Member | OfficerTrustee | 1 | $0 |
Glenn Munro Treasurer | OfficerTrustee | 1 | $0 |
Wendy Jett Executive Di | Officer | 40 | $0 |
Jeri Steele Accountant | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,461,199 |
| Noncash contributions included in lines 1a–1f | $743,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,640,974 |
| Total Program Service Revenue | $5,594 |
| Investment income | $343,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,125,305 |
| Net Income from Fundraising Events | -$22,883 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,092,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $635,784 |
| Grants and other assistance to domestic individuals. | $947,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,224 |
| Compensation of current officers, directors, key employees. | $120,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,882 |
| Pension plan accruals and contributions | $41,805 |
| Other employee benefits | $127,826 |
| Payroll taxes | $27,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,798 |
| Office expenses | $33,404 |
| Information technology | $55,540 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,434 |
| Total functional expenses | $2,436,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,377 |
| Savings and temporary cash investments | $3,583,392 |
| Pledges and grants receivable | $167,071 |
| Accounts receivable, net | $15 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $103,846 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,651 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,427,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,564,945 |
| Accounts payable and accrued expenses | $3,788 |
| Grants payable | $0 |
| Deferred revenue | $60,000 |
| 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 | $601,961 |
| Total liabilities | $665,749 |
| Net assets without donor restrictions | $701,829 |
| Net assets with donor restrictions | $20,197,367 |
| 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 | $21,564,945 |
Grants Awarded
Over the last fiscal year, Lane Community College Foundation has awarded $1,383,084 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LANE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS/FACULTY | $1,328,427 |
LANE COMMUNITY COLLEGE PURPOSE: CONTRIBUTION | $54,657 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lane Community College Foundation has recieved totaling $64,820.
| Awarding Organization | Amount |
|---|---|
Giustina Foundation Eugene, OR PURPOSE: BUSINESS SCHOLARSHIP | $64,520 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Endowment Analysis
| Beg. Balance | $17,141,909 |
| Earnings | -$2,055,744 |
| Net Contributions | $778,705 |
| Grants | $918,995 |
| Ending Balance | $14,945,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Catholic Conference Rosemead, CA | $14,719,601 | $8,362,126 |
Santa Rosa Junior College Foundation Santa Rosa, CA | $83,645,868 | $13,273,412 |
Community College League Of California Sacramento, CA | $16,797,300 | $8,884,126 |
School Of Urban Missions El Dorado Hills, CA | $18,208,954 | $5,296,845 |
Hartnell College Foundation Salinas, CA | $52,076,041 | $13,024,147 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
Kern Community College District Public Facilities Corporation Bakersfield, CA | $1 | $2,592,853 |
Lane Community College Foundation Eugene, OR | $21,564,945 | $4,092,678 |
Truckee Meadows Community College Foundation Reno, NV | $4,471,323 | $3,119,437 |
Foundation Of City College Of San Francisco San Francisco, CA | $28,769,668 | $3,725,896 |
South Puget Sound Community College Foundation Olympia, WA | $16,405,251 | $11,563,000 |