Golden West College Foundation
- Assets
- $11.4m
- Revenue
- $968.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 33-0073702
Organization Overview
Golden West College Foundation is located in Huntington Beach, CA. The organization was established in 1985. 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. Golden West 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 06/2022, Golden West College Foundation generated $968.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $644.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
PROVIDE RESOURCES TO SUPPORT THE COLLEGE BY ADVANCING EDUCATION AND OPPORTUNITY FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE GOLDEN WEST COLLEGE FOUNDATION AWARDS HUNDREDS OF THOUSANDS OF DOLLARS IN SCHOLARSHIPS TO GWC STUDENTS. WE HAVE AWARDED MILLIONS OF DOLLARS IN SCHOLARSHIPS SINCE THE INCEPTION OF THE GWC FOUNDATION. WE ARE PROUD OF OUR ABILITY TO FINANCIALLY ASSIST STUDENTS TO ACHIEVE THEIR GOALS AND DREAMS. AFTER OUR STUDENTS GRADUATE FROM GOLDEN WEST COLLEGE, MANY OF OUR FORMER STUDENTS HAVE PROVIDED SIGNIFICANT ECONOMIC BENEFITS TO OUR SURROUNDING COMMUNITY. OVER THE COURSE OF THEIR LIFETIME, OUR STUDENTS ARE ONE OF THE HIGHEST EARNERS IN THE STATE FOR COMMUNITY COLLEGES. THEY MAKE TWO TIMES THE STATE AVERAGE AND THREE TIMES THE NATIONAL AVERAGE FOR COMMUNITY COLLEGE GRADUATES. AN INVESTMENT IN OUR STUDENTS IS AN INVESTMENT IN OUR LOCAL ECONOMY.
THE GOLDEN WEST COLLEGE FOUNDATION HAS ACTIVELY ENGAGED OUR COMMUNITY TO PROVIDE OUR INSTRUCTIONAL AND STUDENT PROGRAMS WITH RESOURCES TO COMPLEMENT OUR EXCELLENT EDUCATIONAL CURRICULUM. WE HAVE PROVIDED PATIENT SIMULATORS FOR OUR NURSING STUDENTS AND AUTOMOBILES FOR OUR AUTOMOTIVE TECHNOLOGY PROGRAM. THE SUPPORT FROM THE COMMUNITY HAS MADE THESE PROGRAMS LEADERS IN THESE FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/executive Director | OfficerTrustee | 40 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member/gwc President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,805 |
| Related organizations | $3,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $582,198 |
| Noncash contributions included in lines 1a–1f | $4,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,003 |
| Total Program Service Revenue | $0 |
| Investment income | $273,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,241 |
| Net Income from Fundraising Events | -$9,770 |
| Net Income from Gaming Activities | $9,525 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $968,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,958 |
| Grants and other assistance to domestic individuals. | $300,790 |
| 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 | $43,698 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,114 |
| Information technology | $21,650 |
| 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 | $1,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,310 |
| Total functional expenses | $644,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,466,175 |
| Savings and temporary cash investments | $2,351,270 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $1,875 |
| 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 | $16,420 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,198,666 |
| Investments—other securities | $0 |
| Investments—program-related | $224,602 |
| Intangible assets | $0 |
| Other assets | $52,800 |
| Total assets | $11,361,808 |
| Accounts payable and accrued expenses | $73,099 |
| 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 | $73,099 |
| Net assets without donor restrictions | $896,653 |
| Net assets with donor restrictions | $10,392,056 |
| 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 | $11,361,808 |