Crafton Hills College Foundation
- Assets
- $4.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Yucaipa, CA
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 23-7314077
Organization Overview
Crafton Hills College Foundation is located in Yucaipa, CA. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Crafton Hills 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 06/2021, Crafton Hills College Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $756.0k during the year ending 06/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PROGRAMS INCLUDE SCHOLARSHIPS AND OTHER STUDENT AWARDS, ACADEMIC SUPPORT, AND THE ACQUISITION OF INSTRUCTIONAL EQUIPMENT AND IMPROVEMENTS TO FACILITIES FOR BOTH VOCATIONAL AND ACADEMIC ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUPPORT:THE FOUNDATION SUPPORTS A VARIETY OF PROGRAMS AND DEPARTMENTS ACROSS THE CRAFTON HILLS COLLEGE CAMPUS.FUNDS ARE USED FOR PROGRAM AND STUDENT SUPPORT TO ENHANCE OR HELP UNDERWRITE ITEMS OR ACTIVITIES AT THE COLLEGE THAT CANNOT BE FUNDED THROUGH OTHER MEANS.EXAMPLES OF STUDENT SUPPORT ARE THE ISEEK STUDENT EMPLOYMENT PROGRAM, EMERGENCY TEXTBOOK LOANS, COVERING REGISTRATION AND OTHER COSTS FOR STUDENTS ASSOCIATED WITH PRESENTING AT AND ATTENDING CONFERENCES, FIELD TRIPS TO TRANSFER INSTITUTIONS,OR OTHER SCHOLARLY TRIPS.EXAMPLES OF PROGRAM SUPPORT INCLUDE CRITICAL EQUIPMENT AND SUPPLIES FOR OUR FIRST RESPONDER PUBLIC SAFETY AND ALLIED HEALTH PROGRAMS,STEM PROGRAMS,OTHER INSTRUCTIONAL AND STUDENT SERVICES DEPARTMENTS,AND STUDENT OUTREACH, ENGAGEMENT,RECOGNITION, AND RECRUITMENT EFFORTS.
SCHOLARSHIPS:THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUAL STUDENTS TO ASSIST STUDENTS IN THE PAYMENT OF TUITION AND ENROLLMENT FEES, BOOKS AND SUPPLIES, AND OTHER EXPENSES ASSOCIATED WITH CONTINUING AND COMPLETING THEIR EDUCATION. DONORS PROVIDE EXPENDABLE OR ENDOWED SCHOLARSHIPS WHICH THE FOUNDATION ADMINISTERS TO QUALIFIED STUDENTS. SCHOLARSHIP RECIPIENTS ARE SELECTED BASED ON MERIT AND FINANCIAL NEED BY THE CRAFTON HILLS COLLEGE SCHOLARSHIP COMMITTEE OR BY A DESIGNATED DEPARTMENT COMMITTEE IN CONFORMITY WITH THE DONOR'S WISHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col David E Raley Director | Trustee | 4 | $0 |
Sam Irwin Vice President | OfficerTrustee | 4 | $0 |
June Yamamoto Director | Trustee | 4 | $0 |
Mike Strong CFO | OfficerTrustee | 4 | $0 |
Michael Smith Director | Trustee | 1 | $0 |
Brandi Bailef Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,255 |
| Investment income | $504,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $145,646 |
| 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 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 | $52,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,547 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,483 |
| Office expenses | $0 |
| Information technology | $2,950 |
| 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 | $755,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,897 |
| Accounts receivable, net | $0 |
| 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 | $3,355,717 |
| Investments—other securities | $0 |
| Investments—program-related | $196,105 |
| Intangible assets | $0 |
| Other assets | $140,303 |
| Total assets | $4,298,846 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1 |
| Total liabilities | $1 |
| 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 | $4,298,845 |