Glen Oaks Community College Foundation
- Assets
- $3.6m
- Revenue
- $326.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Centreville, MI
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 38-2285489
Organization Overview
Glen Oaks Community College Foundation is located in Centreville, 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. Glen Oaks 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 06/2022, Glen Oaks Community College Foundation generated $326.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $241.0k during the year ending 06/2022. 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
AWARD SCHOLARSHIPS TO STUDENTS, PROVIDE FUNDING TO ENHANCE INSTRUCTIONAL EQUIPMENT, CAMPUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD FOUNDATION SCHOLARSHIPS AND GRANTS TO STUDENTS AND STAFF OF GLEN OAKS COMMUNITY COLLEGE AND SUPPORT FACILITY CAPITAL PROJECTS AND OTHER STUDENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Bibb Member | Trustee | 0.1 | $0 |
Dr David H Devier President, Glen Oaks Cc | Trustee | 0.1 | $0 |
Dr Philip G Ward Secretary | OfficerTrustee | 0.1 | $0 |
John Dresser Vice President | OfficerTrustee | 0.1 | $0 |
Julie A Andrews Member | Trustee | 0.1 | $0 |
Mary Dechow Member | Trustee | 0.1 | $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 | $105,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,332 |
| Total Program Service Revenue | $0 |
| Investment income | $95,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,568 |
| 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. | $62,039 |
| Compensation of current officers, directors, key employees. | $33,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,781 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,586 |
| Office expenses | $519 |
| Information technology | $1,569 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $19,714 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,407 |
| All other expenses | $0 |
| Total functional expenses | $241,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,550,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,237 |
| Total assets | $3,568,031 |
| Accounts payable and accrued expenses | $3,264 |
| 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 | $3,264 |
| Net assets without donor restrictions | $423,902 |
| Net assets with donor restrictions | $3,140,865 |
| 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 | $3,568,031 |
Grants Awarded
Over the last fiscal year, Glen Oaks Community College Foundation has awarded $100,568 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GLEN OAKS COMMUNITY COLLEGE PURPOSE: GRANTS AND SCHOLARSHIP FUNDS TO THE COLLEGE DISBURSED THROUGH THE FINANCIAL AID OFFICE. | $61,182 |
GLEN OAKS COMMUNITY COLLEGE PURPOSE: FOOD PANTRY - $1886; CAPITAL OUTLAY - $37,500 | $39,386 |