Foundation For Grossmont And Cuyamaca Colleges
- Assets
- $37.0m
- Revenue
- $44.6m
- Investments
- $0.0
- Employees
- 112
- Location
- El Cajon, CA
- Founding
- 01/2001
- Data as of
- 06/2023
- EIN
- 33-0905402
Organization Overview
Foundation For Grossmont And Cuyamaca Colleges is located in El Cajon, CA. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Foundation For Grossmont And Cuyamaca Colleges employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Grossmont And Cuyamaca Colleges 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 06/2023, Foundation For Grossmont And Cuyamaca Colleges generated $44.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $39.8m during the year ending 06/2023. While expenses have increased by 19.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES RAISES FINANCIAL RESOURCES FOR GROSSMONT AND CUYAMACA COLLEGES. THE FOUNDATION PROVIDES SUPPORT FOR THE COLLEGES AND THE COMMUNITY TO IMPLEMENT PROJECTS THAT INCREASE SOCIAL MOBILITY AND COMMUNITY WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K12 STRONG WORKFORCE, K12 SWP TECHNICAL ASSISTANCE PROVIDERS AND COORDINATORS AND THE K16 COLLABORATIVE STRENGTHENS PATHWAYS FROM HIGH SCHOOL TO COLLEGE AND CAREER IN THE REGION. THE GOALS ARE TO INCREASE SOCIAL MOBILITY AND REDUCE THE ACHIEVEMENT GAP. FGCC IS THE FISCAL AGENT FOR THESE REGIONAL PROJECTS. WE PROVIDE LEADERSHIP AND SUPPORT TO PUBLIC UNIVERSITIES, THE TEN COMMUNITY COLLEGES AND 22 K12 SCHOOL DISTRICTS IN SAN DIEGO AND IMPERIAL COUNTIES. AS THE FISCAL AGENT, WE PROVIDE SUB-AWARDS OF THESE GRANT FUNDS TO EDUCATION PARTNERS TO IMPROVE CAREER EDUCATION IN THIS REGION
STRONG WORKFORCE STRENGTHENS THE COMMUNITY COLLEGE CAREER EDUCATION PROGRAMS WITH THE GOALS OF INCREASING STUDENTS CAREER OPPORTUNITIES AND REDUCING THE MIDDLE SKILLEMPLOYMENT GAP. FGCC IS THE FISCAL AGENT FOR THIS REGIONAL PROJECT. WE PROVIDE LEADERSHIP AND SUPPORT TO THE TEN COMMUNITY COLLEGES IN SAN DIEGO AND IMPERIAL COUNTIES IN ACHIEVING OUR GOALS. AS THE FISCAL AGENT, WE PROVIDE SUB-AWARDS OF THESE GRANT FUNDS TO THE COLLEGES TO IMPROVE CAREER EDUCATION IN THIS REGION.
OPERATE AN ADULT EDUCATION PROGRAM IN PARTNERSHIP WITH THE GROSSMONT UNION HIGH SCHOOL DISTRICT AND MOUNTAIN EMPIRE UNIFIED SCHOOL DISTRICT IN THE FOLLOWING PROGRAM AREAS:ELEMENTARY AND SECONDARY BASIC SKILLS, CLASSES AND COURSES FOR IMMIGRANTS ELIGIBLE FOR EDUCATION SERVICES, SHORT-TERM CAREER TECHNICAL EDUCATION PROGRAMS, EDUCATION PROGRAMS FOR ADULTS WITH DISABILITIES, AND PROGRAMS FOR APPRENTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Neault Secretary | Trustee | 4 | $0 |
Denise Whisenhunt Director | Trustee | 4 | $0 |
Jessica Robinson Director | Trustee | 4 | $0 |
Danene Brown Regional Consortium Chair | 40 | $184,951 | |
Sally Cox CEO | 40 | $182,643 | |
Kevin Mcmackin Director | 40 | $168,499 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,703,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,763,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,467,859 |
| Total Program Service Revenue | $476,742 |
| Investment income | $206,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,643,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,649 |
| Grants and other assistance to domestic individuals. | $457,257 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,022,830 |
| Compensation of current officers, directors, key employees. | $54,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,442,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,520,572 |
| Payroll taxes | $524,440 |
| 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 | $31,267,594 |
| Advertising and promotion | $8,123 |
| Office expenses | $263,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $136,143 |
| 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 | $39,809,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,021,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,639,671 |
| 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 | $4,372,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $994,601 |
| Total assets | $37,027,976 |
| Accounts payable and accrued expenses | $3,666,194 |
| 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 | $259,738 |
| Total liabilities | $3,925,932 |
| Net assets without donor restrictions | $2,179,054 |
| Net assets with donor restrictions | $30,922,990 |
| 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 | $37,027,976 |