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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joe Doyland President | OfficerTrustee | 5 | $0 |
Nanette Villegas Secretary | OfficerTrustee | 5 | $0 |
Mary Robinson VP | OfficerTrustee | 3 | $0 |
Andre Urquidez Treasurer | OfficerTrustee | 8 | $0 |
Vinton Thengvall Director-Finance | OfficerTrustee | 3 | $0 |
Jill Cunningham Executive Director | Officer | 40 | $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 | $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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $477,514 |
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 | $2,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $68,956 |
Fees for services: Other | $162 |
Advertising and promotion | $13,565 |
Office expenses | $623 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $160 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,185 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,045 |
All other expenses | $17 |
Total functional expenses | $668,388 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,159,422 |
Savings and temporary cash investments | $127,145 |
Pledges and grants receivable | $1,756,023 |
Accounts receivable, net | $1,000 |
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 | $0 |
Investments—other securities | $6,930,126 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,973,716 |
Accounts payable and accrued expenses | $2,757 |
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 | $3,173 |
Total liabilities | $5,930 |
Net assets without donor restrictions | $385,940 |
Net assets with donor restrictions | $9,581,846 |
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 | $9,973,716 |
Over the last fiscal year, we have identified 4 grants that Merced College Foundation has recieved totaling $18,605.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $4,034,695 |
Earnings | $1,229,691 |
Net Contributions | $53,079 |
Grants | $81,066 |
Ending Balance | $5,236,399 |
Organization Name | Assets | Revenue |
---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |