American Career College Educational Foundation
- Assets
- $469.7k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Irvine, CA
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 46-1482768
Organization Overview
American Career College Educational Foundation is located in Irvine, CA. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, American Career College Educational Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Career College Educational 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 12/2021, American Career College Educational Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
TO PROVIDE NO-COST EDUCATIONAL PATHWAYS AND SCHOLARSHIP SUPPORT FOR IN-NEED LOCAL COMMUNITY MEMBERS WHO ARE STRIVING TO PURSUE HIGHER EDUCATION, ENHANCED JOB OPPORTUNITIES, AND PERSONAL GROWTH. THE HSE ACADEMY HELPS STUDENTS AT NO COST PREPARE FOR AND PASS THE CALIFORNIA HISET EXAM IN ORDER TO OBTAIN A HSE CERTIFICATE FROM THE STATE OF CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HSE ACADEMY IS A PROGRAM THAT HELPS STUDENTS AT NO COST PREPARE FOR AND PASS THE CALIFORNIA HISET EXAM IN ORDER TO OBTAIN A HSE CERTIFICATE FROM THE STATE OF CALIFORNIA; SERVED 860 STUDENTS DURING 2021.
THE EMERGENCY RELIEF PROGRAM IS DESIGNED TO PROVIDE ASSISTANCE FOR EMERGENCIES THAT ARISE IN THE LIVES OF EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Kaplan Hse Exec. Dir. | 40 | $208,582 | |
Nancy H Duong Admissions Team Lead | 40 | $148,628 | |
Adriana Hernandez Program Director | 40 | $140,158 | |
David Pyle President/ceo/director | OfficerTrustee | 2.5 | $0 |
Jerry Cwiertnia Cfo/director | OfficerTrustee | 2.5 | $0 |
Lisa Wood Secretary/director | OfficerTrustee | 2.5 | $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 | $2,235,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,235,040 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,235,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,007 |
| 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 | $1,465,248 |
| Pension plan accruals and contributions | $38,928 |
| Other employee benefits | $122,822 |
| Payroll taxes | $114,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,059 |
| Advertising and promotion | $97,358 |
| Office expenses | $16,811 |
| Information technology | $13,405 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,142 |
| Insurance | $31,195 |
| All other expenses | $0 |
| Total functional expenses | $2,191,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,425 |
| 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 | $22,301 |
| Net Land, buildings, and equipment | $24,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,671 |
| Accounts payable and accrued expenses | $246,758 |
| 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 | $13,467 |
| Total liabilities | $260,225 |
| Net assets without donor restrictions | $57,677 |
| Net assets with donor restrictions | $151,769 |
| 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 | $469,671 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Career College Educational Foundation has recieved totaling $747,000.
| Awarding Organization | Amount |
|---|---|
Oneroot Foundation Ketchum, ID PURPOSE: TO PROVIDE NO-COST EDUCATIONAL PATHWAYS AND SCHOLARSHIPS TO SUPPORT HIGHER EDUCATION | $636,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
Devto Support Foundation Newport Beach, CA PURPOSE: EDUCATION/ENRICHMENT | $20,000 |
Croul Family Foundation Irvine, CA PURPOSE: PROGRAM SUPPORT | $20,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $8,000 |
Armanino Foundation San Ramon, CA PURPOSE: GENERAL ASSISTANCE | $3,000 |