Brookdale Community College Foundation Trust
- Assets
- $8.1m
- Revenue
- $2.4m
- Investments
- $552.2k
- Employees
- 0
- Location
- Lincroft, NJ
- Founding
- 09/1973
- Data as of
- 06/2021
- EIN
- 23-7245431
Organization Overview
Brookdale Community College Foundation Trust is located in Lincroft, NJ. The organization was established in 1973. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookdale Community College Foundation Trust 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, Brookdale Community College Foundation Trust generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 14.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO HELP STUDENTS ACHIEVE THEIR DREAM OF EARNING A COLLEGE DEGREE. THE FOUNDATION SOLICITS PRIVATE FUNDING FROM INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND PRIVATE FOUNDATIONS TO SUPPORT AND FUND STUDENT SCHOLARSHIPS AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL AID TO BROOKDALE COMMUNITY COLLEGE STUDENTS IN THE FORM OF SCHOLARSHIPS AND AWARDS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,207,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,629 |
| Total Program Service Revenue | $0 |
| Investment income | $1,098,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,374,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,030,777 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,178 |
| Office expenses | $532 |
| 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 | $11,192 |
| Total functional expenses | $1,199,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,508,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,312 |
| Accounts receivable, net | $442 |
| 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 | $6,034,665 |
| Investments—other securities | $552,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,146,847 |
| Accounts payable and accrued expenses | $84,784 |
| 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 | $84,784 |
| Net assets without donor restrictions | $1,580,453 |
| Net assets with donor restrictions | $6,481,610 |
| 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 | $8,146,847 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brookdale Community College Foundation Trust has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Stone Foundation Of New Jersey Leonardo, NJ PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $2,284,411 |
| Earnings | $186,575 |
| Ending Balance | $2,470,986 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |