Merced College Foundation

Organization Overview

Merced College Foundation is located in Merced, CA. The organization was established in 1974. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Merced 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, Merced College Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $668.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST AND PROMOTE THE EDUCATIONAL SERVICES OF MERCED COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTED PROGRAMS TO ASSIST STUDENTS AT MERCED COMMUNITY COLLEGE.


AWARDED SCHOLARSHIPS AND AWARDS THAT ASSISTED STUDENTS WITH THEIR EDUCATIONAL EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Doyland
President
$0
Nanette Villegas
Secretary
$0
Mary Robinson
VP
$0
Andre Urquidez
Treasurer
$0
Vinton Thengvall
Director-Finance
$0
Jill Cunningham
Executive Director
$0

Financial Statements

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$1,668,001
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,668,001
Total Program Service Revenue$0
Investment income $151,564
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $395,572
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,215,137

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Merced College Foundation has recieved totaling $18,605.

Awarding OrganizationAmount
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$15,600
Hanimireddy Lakireddy Family Foundation

Merced, CA

PURPOSE: UNRESTRICTED USE BY EXEMPT ORGANIZATION

$2,500
The Lg Anderson Family Foundation Inc

Hollister, CA

PURPOSE: CHARITABLE

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,034,695
Earnings$1,229,691
Net Contributions$53,079
Grants$81,066
Ending Balance$5,236,399

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