Cuyahoga Community College Foundati is located in Cleveland, OH. 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. Cuyahoga Community College Foundati 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, Cuyahoga Community College Foundati generated $19.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 6.1% 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
THE MISSION OF THE CUYAHOGA COMMUNITY COLLEGE FOUNDATION IS TO PROVIDE (CONTINUED ON SCHEDULE O) RESOURCES FOR ADVANCING STUDENT SUCCESS AT CUYAHOGA COMMUNITY COLLEGE AND TO TRANSFORM THE LIVES OF THOSE TRI-C SERVES. OUR VISION IS TO ENSURE THAT EVERY TRI-C STUDENT HAS THE RESOURCES NEEDED TO HELP THEM LEARN, THRIVE, AND SUCCEED, CREATING A PROSPEROUS COMMUNITY FOR ALL. OUR FOCUS IS TO REIMAGINE A TRANSFORMED WORKFORCE SYSTEM BY SERVING THOSE MOST IN NEED THROUGH AN ACCESSIBLE, FLEXIBLE AND BARRIER FREE EDUCATION THAT LEADS TO LIFE-CHANGING JOBS, WHILE MEETING THE DEMANDS OF OUR REGION'S VITAL INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM: ALTHOUGH THE COLLEGE'S TUITION IS THE LOWEST IN NORTHEAST OHIO, THERE ARE STUDENTS IN OUR COMMUNITY WHO, WITHOUT FINANCIAL ASSISTANCE, CANNOT ACCESS OR CONTINUE THEIR EDUCATION, ESPECIALLY THOSE PURSUING A SHORT-TERM CERTIFICATE THAT IS INELIGIBLE FOR FEDERAL AID. SCHOLARSHIPS ENABLE THOUSANDS OF STUDENTS TO ACCESS AND OBTAIN THEIR COLLEGE EDUCATION, OFTEN REDUCING THE TIME IT TAKES TO GRADUATE. OVER A FIVE-YEAR PERIOD (FY2018-2022), 16,556 SCHOLARSHIPS TOTALING $18.7 MILLION WERE AWARDED TO TRI-C STUDENTS. THE AVERAGE SCHOLARSHIP WAS $1,310. GROWING SCHOLARSHIP OPPORTUNITIES FOR STUDENTS IS AN ONGOING, TOP PRIORITY FOR THE TRI-C FOUNDATION.
EDUCATIONAL DEVELOPMENT: TRI-C FOUNDATION SUPPORTS DEVELOPING AND ENHANCING EDUCATIONAL PROGRAMS IN RESPONSE TO WORKFORCE AND STUDENT NEEDS. TRI-C CENTERS OF EXCELLENCE ARE DESIGNED TO MEET THE EDUCATIONAL, CULTURAL AND ECONOMIC NEEDS OF OUR COMMUNITIES THROUGH INNOVATIVE PROGRAMMING. THESE SIX CENTERS INCLUDE CREATIVE ARTS, HOSPITALITY MANAGEMENT, INFORMATION TECHNOLOGY, MANUFACTURING, NURSING, AND PUBLIC SAFETY. CENTERS OFFER HIGH-QUALITY, INDUSTRY-RELEVANT COURSES, AND COMPREHENSIVE, HANDS-ON TRAINING WHERE STUDENTS GAIN A COMPETITIVE EDGE TO PREPARE FOR SUCCESS IN TODAY'S JOB MARKET. CENTER OF EXCELLENCE PROGRAMS ALIGN WITH KEY AREAS THAT ANTICIPATE FUTURE JOB GROWTH; GRADUATE WORKERS WITH THE SKILLS LOCAL EMPLOYERS SEEK; (CONTINUED ON SCHEDULE O)DEMONSTRATE HIGH SUCCESS RATES; USE STATE-OF-THE-ART FACILITIES; AND RECEIVE NATIONAL RECOGNITION.
TRI-C IS AMONG THE NATION'S TOP 150 COMMUNITY COLLEGES, ACCORDING TO THE ASPEN INSTITUTE COLLEGE EXCELLENCE PROGRAM. OUR 2018-2022 STRATEGIC PLAN FOCUSES ON STUDENT EXPERIENCE, BRAND IMAGE, COMMUNITY, WORKFORCE, AND AFFORDABILITY, BUILDING ON PRINCIPLES OF ACCESS, EQUITY, AND SUCCESS. COLLEGE-WIDE INITIATIVES ARE INCREASING GRADUATION RATES, AND THE NUMBER OF WORKFORCE CREDENTIALS AWARDED ANNUALLY. CHARITABLE INVESTMENTS HELP TO GROW RESOURCES THAT ADDRESS EQUITY GAPS IN SUCCESS AND COMPLETION, SUCH AS EXPANDING CAMPUS FOOD PANTRIES AND MAINTAINING A STUDENT EMERGENCY FUND TO COVER CRISIS EXPENSES. HELPING STUDENTS TO PREPARE FOR A CAREER AFTER COMPLETION IS A PRIORITY, THROUGH PAID INTERNSHIPS AND WORK READINESS GRANTS TO PURCHASE ESSENTIAL TOOLS OR EQUIPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James B Aronoff Vice Chairperson | OfficerTrustee | 2 | $0 |
Louis G Joseph Chairperson | OfficerTrustee | 2 | $0 |
Jeneen Marziani Vice Chairperson | OfficerTrustee | 2 | $0 |
Katherine T Oneill Secretary | OfficerTrustee | 2 | $0 |
Megan Obryan President, Tri-C Foundation | OfficerTrustee | 2 | $0 |
Gregory J Skoda Vice Chairperson, Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $8,580,765 |
Noncash contributions included in lines 1a–1f | $164,970 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,580,765 |
Total Program Service Revenue | $0 |
Investment income | $1,613,311 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $8,728,459 |
Net Income from Fundraising Events | $847,585 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $19,770,120 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,132,161 |
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 | $6,251 |
Fees for services: Accounting | $30,237 |
Fees for services: Lobbying | $150,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $75,906 |
Fees for services: Other | $530,534 |
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 | $93,830 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,350 |
All other expenses | $0 |
Total functional expenses | $10,137,698 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,061,428 |
Pledges and grants receivable | $7,596,667 |
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 | $63,500 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $61,837,073 |
Investments—other securities | $25,503,086 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $665,497 |
Total assets | $98,727,251 |
Accounts payable and accrued expenses | $75,444 |
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 | $4,097,239 |
Total liabilities | $4,172,683 |
Net assets without donor restrictions | $260,236 |
Net assets with donor restrictions | $94,294,332 |
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 | $98,727,251 |
Over the last fiscal year, we have identified 66 grants that Cuyahoga Community College Foundati has recieved totaling $4,911,708.
Awarding Organization | Amount |
---|---|
Goldman Sachs Foundation New York, NY PURPOSE: GRANT TO SUPPORT THE 10,000 SMALL BUSINESSES INITIATIVE IN THE GREATER CLEVELAND REGION. | $1,059,606 |
Cleveland Foundation Cleveland, OH PURPOSE: SKILLS TO SUCCEED CAMPAIGN | $911,836 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: PROJECT SUPPORT | $361,063 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: PROGRAM SUPPORT | $360,094 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: PROGRAM SUPPORT | $278,235 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: PROJECT SUPPORT | $257,235 |
Beg. Balance | $100,705,550 |
Earnings | -$12,944,779 |
Net Contributions | $1,733,599 |
Grants | $3,224,380 |
Ending Balance | $86,269,990 |
Organization Name | Assets | Revenue |
---|---|---|
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |