Oakland Community College Foundation
- Assets
- $8.9m
- Revenue
- $865.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 04/1980
- Data as of
- 06/2021
- EIN
- 38-2282180
Organization Overview
Oakland Community College Foundation is located in Bloomfield Hills, MI. The organization was established in 1980. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Oakland Community 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, Oakland Community College Foundation generated $865.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $509.7k during the year ending 06/2021. While expenses have increased by 14.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE MISSION OF THE OAKLAND COMMUNITY COLLEGE FOUNDATION IS TO OBTAIN FINANCIAL SUPPORT TO ADVANCE THE MISSION AND GOALS OF OAKLAND COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP AND PROGRAM SUPPORT TO BENEFIT STUDENTS OF OAKLAND COMMUNITY COLLEGE.
PROVIDE SCHOLARSHIP AND PROGRAM SUPPORT TO BENEFIT STUDENTS OF OAKLAND COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Berkfield Chair | OfficerTrustee | 1 | $0 |
Don Schiemann Secretary | OfficerTrustee | 1 | $0 |
Jim O'rilley Treasurer | OfficerTrustee | 1 | $0 |
Vince Deleonardis Vice Chair | OfficerTrustee | 1 | $0 |
Peter Provenzano Director, Ex Officio | Officer | 0.25 | $0 |
Daniel Jenuwine Executive Director, Foundation | Officer | 24 | $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 | $677,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,093 |
| Total Program Service Revenue | $0 |
| Investment income | $128,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,760 |
| 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 | $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 | $405 |
| 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 | $9,841 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $509,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $621,260 |
| Pledges and grants receivable | $115,155 |
| Accounts receivable, net | $50 |
| 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 | $8,154,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,890,575 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,378 |
| Total liabilities | $6,378 |
| Net assets without donor restrictions | $4,249,305 |
| Net assets with donor restrictions | $4,634,892 |
| 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 | $8,890,575 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Oakland Community College Foundation has recieved totaling $72,118.
| Awarding Organization | Amount |
|---|---|
Margaret Dunning Foundation Traverse City, MI PURPOSE: EQUIPMENT AND PROFESSIONAL DEVELOPMENT IN THE AUTOMOBILE SERVICING PROGRAM | $29,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,850 |
Phillip And Elizabeth Filmer Memorial Charitable Trust Detroit, MI PURPOSE: SUPPORT FOR DAILY OPERATION | $17,000 |
Joanne And John Carter Family Foundation Bloomfield Hills, MI PURPOSE: TO OBTAIN FINANCIAL SUPPORT TO ADVANCE THE MISSION AND GOALS OF OAKLAND COMM COLLEGE | $2,500 |
Lorraine D Matson T U A Detroit, MI PURPOSE: SCHOLARSHIP | $2,100 |
Ferrantino Foundation Plymouth, MI PURPOSE: GARDEN PARTY ANNUAL VOCATIONAL SCHOLARSHIP | $500 |
Endowment Analysis
| Beg. Balance | $5,605,375 |
| Earnings | $995,008 |
| Net Contributions | $668,468 |
| Grants | $496,643 |
| Ending Balance | $6,772,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Baker College Flint, MI | $33,049,782 | $27,043,165 |
Baker College Flint, MI | $48,464,572 | $25,592,429 |
Baker College Flint, MI | $39,254,865 | $22,321,880 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Baker College Flint, MI | $17,958,758 | $9,486,714 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |