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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Philip G Ward Secretary | OfficerTrustee | 0.1 | $0 |
John Dresser Vice President | OfficerTrustee | 0.1 | $0 |
Phyllis Youga President | OfficerTrustee | 0.1 | $0 |
Dawn Griffith Treasurer | OfficerTrustee | 0.1 | $0 |
Vonda Marrow Executive Director | Officer | 25 | $0 |
Kelly Bibb Member | Trustee | 0.1 | $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 | $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 |
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 |
Over the last fiscal year, we have identified 1 grants that Glen Oaks Community College Foundation has recieved totaling $2,000.
Awarding Organization | Amount |
---|---|
Evergreene Foundation Otsego, MI PURPOSE: ASSIST IN SW MICHIGAN COMMUNITIES | $2,000 |
Beg. Balance | $3,385,644 |
Earnings | -$361,671 |
Net Contributions | $15,230 |
Grants | $61,246 |
Ending Balance | $2,977,957 |
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 |