Sierra College Foundation
- Assets
- $13.4m
- Revenue
- $2.8m
- Investments
- $33.2k
- Employees
- 7
- Location
- Rocklin, CA
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 23-7241877
Organization Overview
Sierra College Foundation is located in Rocklin, CA. The organization was established in 1974. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Sierra College Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sierra 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, Sierra College Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OUR COMMUNITY THE OPPORTUNITY TO INVEST IN THE DEVELOPMENT OF QUALITY EDUCATIONAL OPPORTUNITIES FOR ALL AT SIERRA JOINT COMMUNITY COLLEGE DISTRICT. RAISE FUNDS IN SUPPORT OF OUR STUDENTS AND COLLEGE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIERRA COLLEGE FOUNDATION PROVIDES MEMBERS OF THE COMMUNITY THE OPPORTUNITY TO ASSIST AND INVEST IN THE DEVELOPMENT OF QUALITY EDUCATIONAL OPPORTUNITIES FOR SIERRA JOINT COMMUNITY COLLEGE STUDENTS. IN CONCERT WITH THE COLLEGE AND THE COMMUNITY IT SERVES, THE FOUNDATION COMMITS ITSELF TO WORK TOWARD EDUCATIONAL EXCELLENCE BY IDENTIFYING DONOR RESOURCES TO SUPPORT A LEARNING ENVIRONMENT ENRICHED BY DIVERSITY, WHICH PROMOTES PERSONAL AND PROFESSIONAL SUCCESS, LEADERSHIP, INNOVATION, RESPONSIBILITY, AND A SENSE OF COMMUNITY. SOME OF THE HIGHLIGHTS INCLUDE: THE GUARDIAN SCHOLAR PROGRAM OFFERS COMPREHENSIVE FINANCIAL AND EDUCATIONAL SUPPORT TO EMANCIPATED YOUTH ATTENDING SIERRA JOINT COMMUNITY COLLEGE TO ENSURE THEIR EDUCATIONAL SUCCESS. SIERRA COLLEGE FOUNDATION RAISES FUNDS TO SUPPORT SIERRA JOINT COMMUNITY COLLEGE IN DEVELOPING A CULTURE OF INNOVATION AND EXPERIMENTATION WITH A GOAL OF IMPROVING THE LIVES OF STUDENTS, FAMILIES AND OUR COMMUNITY.SIERRA COLLEGE FOUNDATION RAISES FUNDS TO OFFER FINANCIAL AID TO VETERANS ATTENDING SIERRA JOINT COMMUNITY COLLEGE, IN THE FORM OF BOOK VOUCHERS, GAS CARDS, EMERGENCY FUNDS, ETC.SIERRA COLLEGE FOUNDATION RAISES FUNDS TO SUPPORT STUDENTS WITH ONE-TIME EMERGENCIES THAT COULD POTENTIALLY IMPACT THEIR ABILITY TO STAY IN SCHOOL, I.E. TEMPORARY LODGING, HEALTH CARE, CAR REPAIRS, BOOK VOUCHERS, GAS MONEY, ETC.SIERRA COLLEGE FOUNDATION OFFERS SCHOLARSHIPS ANNUALLY, WHICH BENEFIT NUMEROUS SIERRA JOINT COMMUNITY COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willy Duncan President/superintendent Sjccd | Trustee | 1 | $379,017 |
Robert Dugan President | OfficerTrustee | 1 | $0 |
Holly Tiche Past President | OfficerTrustee | 1 | $0 |
Grace Bowen VP Governance | OfficerTrustee | 1 | $0 |
John Crenshaw VP Strategic Plan | OfficerTrustee | 1 | $0 |
Dave Breninger Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $363,269 |
| Related organizations | $345,000 |
| Government grants | $57,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,341,250 |
| Noncash contributions included in lines 1a–1f | $49,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,106,864 |
| Total Program Service Revenue | $0 |
| Investment income | $483,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,757 |
| Net Gain/Loss on Asset Sales | $139,608 |
| Net Income from Fundraising Events | -$58,037 |
| Net Income from Gaming Activities | $8,300 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,765,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $389,335 |
| Grants and other assistance to domestic individuals. | $303,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,676 |
| Compensation of current officers, directors, key employees. | $39,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,902 |
| Payroll taxes | $29,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $323 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,480 |
| Fees for services: Other | $8,566 |
| Advertising and promotion | $1,483 |
| Office expenses | $35,275 |
| Information technology | $28,849 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,656 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,285,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,368 |
| Savings and temporary cash investments | $795,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,673 |
| 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 | $24,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,357,907 |
| Investments—other securities | $33,151 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,418,272 |
| Accounts payable and accrued expenses | $116,603 |
| 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 | $0 |
| Total liabilities | $116,603 |
| Net assets without donor restrictions | $3,508,357 |
| Net assets with donor restrictions | $9,793,312 |
| 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 | $13,418,272 |